Multi-Med Adherence Packaging Market Is Projected To Grow At A CAGR Of 5.96% Till 2023

Market research future published a cooked research report on Global Multi-Med Adherence Packaging Market that contains the information from 2017 to 2023. Global multi-med adherence packaging market is expected to grow with the CAGR of approximately 5.96% from 2017 to 2023.

Taste the market data and market information presented through more than 85 market data tables and figures spread in 97 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Multi-Med Adherence Packaging Market Information from 2017 to 2023"

Key Players
The prominent players in the global multi-med adherence packaging market include Omnicell, Inc. (U.S.), Manrex Limited (Canada), Rx Systems, Inc. (U.S.), Cardinal Health, Inc. (U.S.), Jones Packaging Inc. (U.S.), Global Factories Group (The Netherlands), Drug Package LLC (U.S.), TCGRx (U.S.), Parata Systems, LLC (U.S.) and others.

This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global construction lift market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.

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In multi-med adherence packaging, pharmacies or hospitals put multiple doses into prefilled medicine packs and each pack is labelled with the date, day of the week and time of administration. This is helps people with complicated prescription regimens, take their prescriptions properly. Increase in ageing population driving the growth of the market. The rise in ageing population leads to increasing diseases and higher requirement of medical facilities. Many people of above 60 years of age, normally have more critical medical conditions and are usually on multiple medicines. On other hand, fluctuation in raw material prices and lack of awareness/marketing may hamper the growth of the market.
Hence, global multi-med adherence packaging market is projected to grow at a CAGR of 5.96% during the forecast period.

North America region dominates the global multi-med adherence packaging market
On the basis of regions, global multi-med adherence packaging market is segmented as North America, Europe, Asia-Pacific and Rest of the World (RoW). North America dominates the global multi-med adherence packaging market. North America accounted for the largest market share of 41.10% in 2016, with a market value of USD 149.9 million and is projected to grow at a CAGR of 6.09% during the forecast period. The North America multi-med adherence packaging market is driven by various factors such as growing pharmaceuticals market, high rate of medication non adherence, and increase in funding by government agencies. Europe was the second-largest market and valued at USD 118.9 million in 2016. The growth of the market across the European region is primarily driven by the availability of significant government funding for R&D, presence of leading adherence packaging companies, increasing prevalence of cardiovascular diseases, and growth in aging population. Asia-Pacific multi-med adherence packaging market is expected to grow at a CAGR of 5.39% during the forecast period.
Asia-Pacific is also the major region for the market. Rising awareness among the consumers, growing urbanization, and increasing affluence in the Asia-Pacific region are the factors expected to fuel the demand for market during the forecast period. China, India, and Japan, are some of the key countries in the region that are significantly contributing towards the growth of the Asia-Pacific multi-med adherence packaging market.

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