April 21, 2024

Adherence Packaging Market Is Expected To Be Flourished By Growing Healthcare Industry Automation

Adherence packaging refers to the packaging solutions designed to assist patients in following recommended medication schedules and dosing instructions. It involves pre-packing medications in multi-dose blister cards, strip packs or sachets according to day and time. Adherence packaging helps elderly and cognitively impaired patients avoid overdosing or missing doses by offering the pre-organized medication packets. These packages improve treatment effectiveness by reducing dosage errors and ensuring timely consumption of drugs. They are increasingly adopted across nursing homes, clinics and hospitals to enhance care quality.

The global adherence packaging Market is estimated to be valued at US$ 1144.97 Bn in 2023 and is expected to exhibit a CAGR of 11. % over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics
Growing healthcare industry automation: Increasing implementation of digital platforms to streamline healthcare operations is driving the demand for adherence packaging. Automated packaging equipment integrated with AI and IoT reduces production costs while ensuring high accuracy in assembling personalized multi-dose packs. This stimulates adherence packaging adoption across large pharmacies and drug manufacturers catering to hospitals and retail.
Increased focus on medication management: Growing need to address issues like polypharmacy, chronic disease management and prevent medication errors is propelling the uptake of adherence packaging worldwide. color-coded labels and schedules printed on blister packs assist elderly patients as well as caregivers to follow complex prescription plans effortlessly. This augments treatment adherence and overall population health.

Segment Analysis
Adherence Packaging Market Size
is segmented into blister card packaging, pouches/strips, vials, pre-filled syringes, bottles, medication organizer trays and others. Blister card packaging dominates the market, accounting for over 30% share. Blister card packaging provides enhanced moisture protection, material compatibility and is easy to use for patients, making it suitable for both solid and semi-solid medications.

PEST Analysis
Political
: Regulations mandating medication adherence to ensure patient safety and curb healthcare costs drive demand.

Economic: Rising income levels and healthcare expenditure is increasing demand for adherence packaging.

Social: Aging population and increased chronic disease prevalence fuels market growth.

Technological: Advancements in packaging materials, designs and digital adherence solutions are supporting market expansion.

Key Takeaways
The global adherence packaging market size is expected to reach US$ 1144.97 Bn by 2024, expanding at a CAGR of 11% during the forecast period.

Regional analysis: North America dominates the market currently owing to growing aging population, high chronic disease burden and supportive government initiatives. The Asia Pacific region is expected to witness fastest growth due to rising healthcare expenditure, large patient pool and increasing acceptance of adherence packaging.

Key players operating in the adherence packaging market are Westrock Company, Keystone Folding Box Co, Cardinal Health Inc, Omnicell Inc., Jones Healthcare Group. Key players like Westrock Company and Keystone Folding Box Co hold a significant share of the market due to their wide product portfolio and geographic presence. Cardinal Health Inc specializes in specialty pharmaceuticals and medical products and supplies adherence packaging solutions for chronic conditions.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it