Adherence Packaging Market Size, Share & COVID-19 Impact Analysis, By Material (Plastic, Aluminum, Paper & Paperboard), By Type (Unit-dose and Multi-dose), By Packaging Type (Blisters and Pouches), By End Users (Hospitals, Pharmacies, and Long-term Care Facilities), and Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI108330 | Status : UpcomingAdherence or compliance packaging is the packaging method that eases the patient's adherence to their drug routine. The arrangement of drugs by mentioning its intake according to days, time, and doses as per requirement makes it stress-free for patients to intake medicines. Adherence packaging is gaining importance for chronic obstructive pulmonary and lifestyle disease patients. The growing focus of the key players in improving medication adherence through more intelligent and patient-centric packaging methods, thus generates data from current medicines and delivery systems, helps reduce drug wastage and drive adherence packaging market growth.
For instance, according to the WHO, adherence among several chronic illness patients in developed countries is around 50%. Medication non-adherence is thus considered a severe public health problem, as it can lead to poor health consequences and higher healthcare costs. There is a rising need for adherence packaging, which enhances market growth.
The budding desire to eliminate drug wastage and the increasing cardiovascular diseases are the key factors bolstering the adherence packaging market growth. Medication waste holds a substantial economic influence on the global healthcare system & generates harmful environmental consequences. Adherence packaging thus provides significant interactive features such as reminders and day & time dosage labels that allow the patients to take their medication intakes in the required quantity and on time. It helps increase the demand for adherence medication, thus driving the market growth. The growing government initiatives to improve the dosage intake regime of patients also enhance the global market growth.
IMPACT OF COVID-19 ON THE ADHERENCE PACKAGING MARKET
The sudden emergence of COVID-19 impacted several sectors worldwide. The unavailability of raw materials and labor impacted the market growth of adherence packaging in the initial stage. The closing of retail stores due to the lockdowns imposed by governments worldwide also harmed the adherence packaging market. However, the increasing virus outbreaks led to the rapid development of pharmaceutical industries. The growing need for appropriate treatments led to the speedy growth of the adherence packaging industry. Consumers preferred opting for the multi-dose packaging to avoid the continuous visits to retail pharmacies, which in turn, cushioned the market growth during the COVID-19 pandemic.
Adherence Packaging Market SEGMENTATION
By Material | By Type | By Packaging Type | By End Users | By Geography |
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KEY INSIGHTS
The report will cover the following key insights:
- Recent Advancements in the Adherence Packaging Industry
- Key Industry Trends
- Regulatory Landscape for the Adherence Packaging Market
- Key Industry Developments (Mergers, Acquisitions, and Partnerships)
- Impact of COVID-19 on the Market
ANALYSIS BY MATERIAL
Based on material, the market is segmented into plastic, aluminum, and paper & paperboard. Plastic dominated the material segment of the global adherence packaging market. Plastic is lightweight, cost-effective, transparent, and malleable. Using oxygen scavengers, colorants, and other additives improves the PET properties and fulfills the packaging needs of brands. These factors help boost the demand for plastic material, further driving the segment’s growth.
ANALYSIS BY TYPE
Based on type, the market is segmented into unit-dose and multi-dose. Multi-dose holds the largest share and is projected to grow in the forthcoming years. The rising need for medication adherence & advantages of maintaining those medicines in a single pack has encouraged the manufacturing of multi-dose packaging. It sets up medicine dosages according to the day and time and in an appropriate method, further cutting down the continuous visits to pharmacies.
ANALYSIS BY PACKAGING TYPE
Based on packaging type, the market is segmented into blisters and pouches. Blisters are the dominating segment of the adherence packaging market worldwide. Blisters offer high-tamper resistance, improved shelf-life, and easy transport and are essential in reducing medicine dispensing time. They benefit the patients with their multi-dose packaging features and manage the medication routines significantly. Such features help in driving the segment’s growth.
ANALYSIS BY END USERS
Based on end users, the market is segmented into hospitals, pharmacies, long-term care facilities, and others. The pharmacies dominate the end users segment of the global adherence packaging market. The growing importance of inhibiting dispensing errors and enhancing the operational capacity are the major factors boosting the high adoption of adherence packaging in pharmacies. The increasing focus of pharmacies to improve patient safety will also enhance the segment’s growth.
REGIONAL ANALYSIS
The adherence packaging market has been studied across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the dominating region of the global adherence packaging industry. The increasing life science & medical research activities, rising healthcare spending power, and an innovative medical community boost the regional growth of the adherence packaging market. The U.S. is expected to hold the highest share due to the presence of leading key players. Europe is the second-most dominating region due to the high availability of government funding for research and development activities, the growing geriatric population, and the emergence of cardiovascular diseases. Asia Pacific's adherence packaging market is witnessing the fastest growth due to the increasing adoption of adherence packaging and investments in the healthcare sector. Latin America is projected to experience moderate growth due to the growing pharmaceutical industries in the region. The Middle East & Africa market is studied to grow steadily due to the rising lifestyle diseases and increasing awareness among the people regarding adherence packaging.
KEY PLAYERS COVERED
The report will include profiles of key players such as Westrock Company, Omnicell Inc., Cardinal Health, Inc., Keystone Folding Box Co., Jones Healthcare Group, CuePath Innovation, Manrex Limited, Medicine-On-Time LLC, Becton, Dickinson and Company, ARxIUM, Inc., among others.
KEY INDUSTRY DEVELOPMENTS:
- February 2022 - CuePath Innovation declared the launch of the Generation II Smart Blister Packaging Solution and the Wellness Pharmacy’s Critical Care Program. The launch offers medication monitoring & adherence support mainly to patients with complex medication regimes.
- December 2021 - Jones Healthcare Group, a Canadian medication dispenser & packaging firm, launched eco-friendly packaging products to its portfolio of medication adherence - FlexRx & Qube for pharmacies. The three blister packs are developed with Bio-PET, a medically sanctioned bioplastic produced by good-natured.
- July 2021 - Cardinal Health announced the launch of two new innovative solutions that can help independent pharmacies fulfill changing consumer expectations & provide personalized, easy, and convenient on-demand services. The launch of two solutions is Cardinal Health NavixRx Compliance Packaging & E-Commerce Storefront.
- June 2021 - Medicine-On-Time, a CSS Health company, introduced blister cards that are effective medication compliance packages designed to work with the leading pharmacy packaging automation platforms, including Synergy Medica.
- Global
- 2023
- 2019-2022