Adherence packaging refers to specialized packaging systems used to aid patients with medication adherence by segregating medications by date and time. Adherence packaging is commonly used for elderly patients requiring assistance in medication schedules and includes features like calendars and additional dosing reminders. They help organize and store prescription bottles, medication packaging, supplements and over-the-counter drugs in individual compartments for day-of-week and time-of-day.

The global adherence packaging market is estimated to be valued at US$ 993.89 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics
One of the key drivers for the adherence packaging market is the growing geriatric population globally which requires assistance and reminders for medication adherence. As per WHO, the number of people aged 65 years and above is projected to grow from an estimated 524 million in 2010 to approximately 1.5 billion in 2050. Additionally, due to the complexity of treatment regimens, patients commonly forget or skip medications unknowingly. Adherence packaging helps organize medications effectively and provides visual dose reminders to improve medication adherence and treatment outcomes. However, the initial costs associated with adherence packaging solutions may restrain market growth. Also, growing awareness regarding digital medication reminders through mobile applications and pill dispensers is a challenge for adherence packaging market.

SWOT Analysis
Strength: Adherence packaging provides an efficient way to package medicines according to a dosing schedule. It reduces complexity around medication adherence for patients by clearly labeling each dose. This packaging solution helps medical facilities streamline dispensing medications and inventory management processes across departments in three easy steps.

Weakness: Adherence packaging solutions require high upfront investments in packaging equipment and tools. They also produce more rigid plastic and paper waste compared to traditional packaging. Two, customized adherence packs can only be used by a single patient following a specific regimen.

Opportunity: The growing geriatric population susceptible to chronic diseases provides an opportunity to offer adherence packaging. Two, digitalization of medication schedules allows drug companies to integrate adherence packaging with remote monitoring solutions.

Threats: Lower healthcare budgets in some countries may limit investments in advanced packaging solutions. Two, any revisions made to prescription regimens undermine the utility of printed adherence packs.

Key Takeaways
The Global Adherence Packaging Market Size is expected to witness high growth over the forecast period. The global adherence packaging market is estimated to be valued at US$ 993.89 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030.

Regional analysis reveals that North America currently dominates the market owing to supportive regulations and initiatives promoting medication adherence. The region accounted for over 35% share of the global market in 2023. However, Asia Pacific is estimated to emerge as the fastest growing region during the forecast period supported by rising healthcare expenditures and increasing prevalence of chronic diseases in countries like India and China.

Key players operating in the Adherence Packaging Market are Westrock Company, Keystone Folding Box Co, Cardinal Health Inc, Omnicell Inc., Jones Healthcare Group, Drug Package LLC, Manrex Limited, Medicine-on-time LLC, and Rx Systems Inc. The market is highly consolidated with top 5 players accounting for over 50% share. Keystone Folding Box has been a leading provider with strong presence across North America for customized adherence solutions. Meanwhile, Cardinal Health and Omnicell have witnessed high growth through acquisitions and partnerships integrating adherence packaging into medication management platforms.

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