Market Trends of Adherence Packaging Industry
This section covers the major market trends shaping the Adherence Packaging Market according to our research experts:
Multi-dose Packaging is Expected to Witness Significant Growth
- The importance of medication adherence and the benefits of synchronizing those medications have led to the development of multi-dose packages. The benefits of multi-dose blister cards include setting up dosage time to eliminate confusion, more natural self-medication, and cutting down the number of visits to the pharmacy per month. Multiple studies have proven improved adherence and health outcomes, combined with multimed blister packs and medication therapy management (MTM).
- A survey conducted by Omnicell suggested that patients assigned to the multimed packaging groups accounted for medication adherence rates of 80% initially, and they even accounted for 90% adherence rates by the completion of the trial. Alternatively, patients assigned to the pill bottle-only group accounted for an adherence rate of 56%. Omnicell offered multimed blister cards to Holyoke Health Center. The health center used Omnicell's SureMed+, a seven-day, four-time pass, cold-seal, and bi-fold card.
- In May 2021, Euclid introduced a multi-dose packaging system that boosts adherence and satisfaction for two Arkansas pharmacies. The company's Axial multi-dose pouch packaging machines promote adherence and simplify the process for the patient by pouch packaging medications and labeling with appropriate consumption time. The Axial RMD-144 has only a 2-by-2-foot footprint, making it ideal for pharmacies with limited space.
- Furthermore, e-commerce players are observed to have been expanding convenience, compliance, and customized healthcare packaging for the elderly population. Last year's Amazon's purchase of the online pharmacy, PillPack, suggests the need for online medication delivery, thus indicating the potential for multimed packs to be demanded. The multi-dose packaging, amid the COVID-19 outbreak, has to ensure a reduced amount of 'touchpoints' for processing a patient's prescriptions while avoiding confusion associated with self-medicating.
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North America Dominates the Market
- The North American region is developed with prosperous economies, aging population segments, and advanced medical delivery systems. Still, the countries vary measurably in population size, healthcare spending intensities, aggregate gross domestic product (GDP) levels, and the structure of health insurance plans. With an advanced primary medical community, extensive medical and life science research activities, high healthcare spending intensity, and large pharmaceutical and medical supply and device industries, the United States accounts for one of the world's largest geographical markets for adherence packaging products.
- Further, the United States is witnessing improved medication adherence in the correctional setting. The incarcerated population in most correctional facilities relies on an outside pharmacy to fill their prescriptions. An onsite pharmacist may be provided in some situations. However, such staff is often restricted, relying on a centralized location to supply drugs and an onsite nurse manager or similar to dispense. This strengthens the case for dispensing administration systems that are low-effort for personnel while yet being well-managed to ensure patient adherence.
- In February 2022, CuePath Innovation, a provider of medication adherence solutions for the home healthcare sector, announced the release of its second-generation suite of remote patient care medication adherence monitoring tools that include Smart Blister Packaging Solution. The announcement comes with the launch of the company's critical care project with Wellness Pharmacy Group, which will provide medication monitoring and adherence support for patients on complicated regimens. The program's purpose is to guarantee that patients with complex medical conditions, such as renal and transplant patients, stick to their medications as close as possible.
- Also, as per Parata Systems, non-adherence to medication, on average, costs USD 300 billion/year in the United States. Pouch packaging has reduced the cost of care and improved patient outcomes. With the growing presence of strip packaging in the market, patient awareness is expected to pressurize pharmacies without proper packaging to be left behind. The company launched Parata PASSTM 36, targeting pharmacies. Parata Systems, being a provider of pharmacy automation systems, including vial-filling, adherence packaging, and workflow and patient experience solutions, launched a pouch packager named PASSTM 36.
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