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Certain factors that are driving the market growth include the rise in need to minimize medication wastage and high rate of medication non-adherence.

Medications are the prime tools used to avert and effectively manage chronic illness; however, in spite of their importance and known benefit, proper medication use remains a challenge for both patients as well as providers. Patients often do not adhere to essential medications, resulting in poor clinical outcomes, increased cost of care, and harmful consequences for workforce productivity and overall public health. Proper synchronization of patients’ medications reduces the chance of over- or under medicating. Patients can have the medicines packaged and delivered to their door for homebound customers. Pharmacies can also choose to include a card for the patient to take to their medical providers, which provides a complete list of medications, their strengths, and the necessary dosing instructions, to give a full view of the patient’s complete regimen from all prescribing physicians. All these benefits associated with adherence packaging are expected to drive the market growth over the forecast period.

Key Market Trends

Retail Pharmacy is Expected to Hold Significant Market Share in the End-User Segment

The retail pharmacies are currently focusing on the potential impact on their daily workflow, the cost, the appearance of the software interface, how the staff will be trained, and state and federal guidelines. By using the adherence packaging systems for packaging oral-solid medications, the pharmacies can also increase their efficiency as labor can be planned for days with higher monthly refill rates, and accuracy is immensely improved as the whole packaging process utilizes barcoding, universal trays, and pouches can even be barcoded for meds-to-beds programs in outpatient pharmacies in hospitals or ambulatory surgery centers.

North America Dominates the Market and Expected to do Same in the Forecast Period

The CDC estimates that direct health care costs associated with nonadherence is about USD 300 billion annually in the United States. The individuals surveyed in STOMPP (Study to Measure the Impact of Pharmacists and Pharmacy Services on Medication Non-Adherence) had all been diagnosed with hyperlipidemia, hypertension, and/or type 2 diabetes. Most of the participants had a body mass index of more than 30, were taking about 10 medications and had uncontrolled diabetes with HbA1c greater than 7%. The study also assessed clinical outcome measures, quality of life, and cost and utilization data. Similarly, as per the 2018 article titled “Medication Adherence: The Elephant in the Room”, nonadherence can account for up to 50% of treatment failures, around 125,000 deaths, and up to 25% of hospitalizations each year in the United States. Hence, the region is observing a rise in demand for medical adherence.

Competitive Landscape

The global adherence packaging market is moderately competitive and consists of a few major players. Companies like 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, among others, hold the substantial market share in the Adherence Packaging market.

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