One of the key drivers for the adherence packaging market is the pressing issue of poor adherence to pharmacological therapy and illness management, particularly in individuals with chronic obstructive pulmonary disease. This challenge has been associated with emergency hospitalizations, underscoring the growing need for adherence packaging solutions to support these patients, thereby driving significant market growth.
The global adherence packaging market is poised for significant growth, with an anticipated market value of US$ 988 million in 2023. This growth trend is expected to continue, resulting in a compelling valuation of US$ 1,870 million by the conclusion of the forecast period in 2033. This impressive surge in the market is underpinned by a notable Compound Annual Growth Rate (CAGR) of 6.59% over the decade from 2023 to 2033. The adherence packaging market exhibited substantial progress in the historical period from 2018 to 2022, achieving a CAGR of 5%.
Furthermore, the market’s expansion is being fueled by a heightened focus on reducing drug wastage. Medication waste not only has a substantial financial impact on the healthcare system but also leads to negative environmental consequences. The imperative to minimize medicine wastage is becoming increasingly vital, presenting new avenues for market growth as healthcare systems seek more efficient and eco-friendly solutions.
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Market Growth Factors
One solution to this challenge is the implementation of precise medication schedules for patients, mitigating the risks associated with over- or under-medication. Moreover, pharmacies are increasingly offering adherence packaging services that enable medications to be conveniently packed and delivered to patients’ homes.
The effective prevention and treatment of chronic diseases heavily rely on medications, which, despite their undeniable value, continue to pose challenges concerning their proper use by both patients and healthcare providers. Non-adherence to essential medications remains a significant issue, resulting in suboptimal clinical outcomes, increased healthcare costs, and adverse effects on workplace productivity and overall public health.
In addition, pharmacies are adopting innovative approaches, such as providing patients with comprehensive medication cards to share with their healthcare providers. These cards contain detailed information about the medications, their strengths, and dosing instructions, facilitating clear communication and coordination among prescribing physicians. These adherence-enhancing solutions are expected to drive increased demand over the forecast period, positively impacting patient well-being and healthcare efficiency.
Regional Analysis
The economic impact of non-adherence packaging in the United States healthcare system is a substantial concern due to its significant direct costs. The STOMPP (Study to Assess the Effect of Pharmacists and Pharmacy Facilities on Drug Non-Adherence) identified hyperlipidemia, hypertension, and/or type 2 diabetes as prevalent conditions among individuals studied. Notably, the participants exhibited a body mass index exceeding 30, were on an average of 10 medications, and showcased uncontrolled HbA1c diabetes levels surpassing 7%.
In addition to these health implications, the research delved into measures of clinical performance, quality of life, and comprehensive data on costs and utilization. Correspondingly, an article from 2018 titled “Medication Adherence: The Elephant in the House” highlighted that non-adherence packaging could contribute to up to 50% of care delays, an estimated 125,000 deaths, and up to 25% of annual hospitalizations in the United States. This revelation underscores the pressing need for adherence packaging solutions, leading to a discernible surge in demand within the healthcare sector.
Market Restraints:
- Cost: Adherence packaging can be more expensive than traditional packaging, which may deter some healthcare providers and patients.
- Environmental Concerns: Some adherence packaging materials, such as blister packs, are not environmentally friendly, raising sustainability concerns.
- Resistance to Change: Healthcare systems and patients may resist transitioning to adherence packaging due to established routines and practices.
- Complex Medication Regimens: Adherence packaging may not be suitable for patients with highly individualized or frequently changing medication regimens.
- Data Privacy Concerns: Electronic adherence packaging solutions may raise privacy concerns regarding the collection and sharing of patient data.
- Healthcare Infrastructure: In regions with underdeveloped healthcare infrastructure, access to adherence packaging solutions may be limited.
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Key Market Players
- Accu-Chart Plus Healthcare Systems, Inc.
- Arxium, Inc.
- Becton
- Dickinson and Company
- Cardinal Health, Inc.
- Manrex Limited
- Mckesson Corporation
- Medicine-On-Time
- Omnicell
- Pearson Medical Technologies LLC
- TCGRx
- WestRock Company
Market Segmentation
Material type:
- Plastic Film
- Paper & Paperboard
- Aluminum
- Others
Packaging Type:
- Strip/Pouch
- Blister Card
- Others
End-Use:
- Retail Pharmaceuticals
- Clinics & Pathology Labs
- Others
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