Global Medication Adherence Market
Healthcare Services

Global Medication Adherence Market Size, Forecasts, And Opportunities

Learn about the global medication adherence market through The Business Research Company, which provides information on medication adherence market size, medication adherence market drivers and restraints, medication adherence market players, the COVID-19 impact on the medication adherence market, and more.

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The global medication adherence market is expected to grow from $2.44 billion in 2020 to $2.74 billion in 2021 at a compound annual growth rate (CAGR) of 12.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The medication adherence market is expected to reach $4.18 billion in 2025 at a CAGR of 11%.

The increasing requirement for medication adherence solutions to overcome poor adherence to prescribed medication in the healthcare industry is expected to drive innovation in medication adherence, thus driving the market during the forecast period.

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The medication adherence market consists of sales of medication adherence hardware systems and software applications. Medication adherence systems check if a person follows medication recommended by a healthcare provider, whether patients take their medications as prescribed, as well as whether they continue to take a prescribed medication. Medication adherence hardware and software help medical personnel with the patient’s intake to prescribed medication to reduce cases of worsening disease and deaths and decrease healthcare costs. The market consists of revenue generated by the companies manufacturing the medical adherence hardware systems and software solutions by the sales of these products.

Global medication adherence market segments include:

By Type: Hardware Centric, Software Centric

By Medication: Cardiovascular, Central Nervous System, Diabetes, Oncology, Respiratory, Gastrointestinal, Rheumatology, Others

By Application: Hospital, Retail Pharmacies, Long-Term Care Facilities, Mail-Order Pharmacies

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Major players are undertaking strategic initiatives such as partnerships and business expansions in untapped regions, which is likely to be a major trend in the medication adherence market.

TBRC’s medication adherence market report covers:

Major Market Players: Koninklijke Philips N.V., Cardinal Health Inc., Omnicell Inc., McKesson Corporation, Johnson & Johnson Services, Inc., Proteus Digital Health, Inc., AdhereTech Inc., Qualcomm Incorporated, Adherence Solutions LLC, and SMRxT Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Medication Adherence Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides medication adherence market overviews, analyzes and forecasts market size, share, medication adherence market players, medication adherence market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s medication adherence market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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