Multi-Med Adherence Packaging Market to reach USD 543.3 million by 2023
Multi-Med Adherence Packaging Market Report | Global Industry Outlook, Analysis and Forecast 2017-2023
(EMAILWIRE.COM, February 15, 2018 ) Multi-med adherence packaging is revolving the pharmaceutical packaging industry. This packaging simplify the medication programs. Multi-med adherence packaging helps the patient to take the right pills and right dose at the right time. The multi-med adherence packaging market is driven by various factors such as improving medication adherence, continuous growth in the pharmaceutical industry and increase in ageing population. The multi-med adherence packaging market has various constraints that hinder the growth of the market such as lack of awareness/marketing and fluctuation in raw material prices.
The global multi-med adherence packaging market has been segmented based on material, product and end-user. On the basis of material, the market is segmented into plastic, paper and aluminum foil. The study indicates, plastic accounted for the largest market share and is expected to be fastest growing material type in the market. On the basis of product, the market is segmented into blister cards and pouches. The study indicates, blister cards segment accounted for the largest market share and is expected to be fastest growing product in the market due to its wide application in medical industry. Blister packaging safeguards medicines and small medical devices from oxygen, moisture, odour and also increases their shelf life. Blistering materials can also help with temperature fluctuations that can occur during shipping. Even in tropical climates, there is assurance of stability. On the basis of end-user, the market is segmented into hospitals, retail pharmacies and long term care facilities. The study indicates, retail pharmacies segment accounted for the largest market share and long term care facility is expected to be fastest growing end-user in the market.
The global multi-med adherence packaging market was valued at USD 364.8 million in the year 2016, which is expected to reach USD 543.3 million by the end of the forecast period growing at 5.96% CAGR.
Browse details of 98 pages research report developed on Global Multi-Med Adherence Packaging Market @ https://www.researchcosmos.com/reports/multi-med-adherence-packaging-market-report-global-industry-outlook-analysis-and-forecast-2017-20/1846009910
Key Players
The major players operating in this market, who have adopted these strategies, are 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.
Objective of Global Multi-Med Adherence Packaging Market Analysis & Forecast, from 2017 to 2023
Region-level demand analysis and forecast of the study market
Study of the effect of exogenous & endogenous factors viz. demographic, economics, and political factors, which affect the Global Multi-Med Adherence Packaging Market
Porters five forces market analysis to determine competitive scenario
Segment and sub-segment level analysis of the market over the historical as well as forecast period
Identification of key factors instrumental in the changing market scenario, such as tapping new market opportunities, and gaining competitive edge
Target Audience
Supplier companies
End Users
Consultants and Investment Bankers
Research Institute / Education Institute
Key Findings
The Global Multi-Med Adherence Packaging Market is expected to reach USD 364.8 million by 2023.
By material, plastic accounted for the largest market share of 57.70% in 2016, with a market value of USD 210.5 million and is projected to grow at the highest CAGR of 6.48% during the forecast period.
By product, blister cards accounted for the largest market share of 86.60% in 2016, with a market value of USD 315.9 million and is projected to grow at the highest CAGR of 6.11% during the forecast period.
By end-user, retail pharmacies accounted for the largest market share of 42.60% in 2016, with a market value of USD 155.4 million and is projected to grow at a CAGR of 6.01% during the forecast period. Also, long term care facility was the second-largest market in 2016, valued at USD 120.7 million in 2016; it is projected to grow at the highest CAGR of 6.29%.
Geographically, North America accounted for the largest share in Global Multi-Med Adherence Packaging Market followed by Europe.
Avail Sample Market Brochure of the report for more information to evaluate report usefulness, Get a Copy @ https://www.researchcosmos.com/request/1846009910
Regional and Country Analysis of Global Multi-Med Adherence Packaging Market estimation and forecast
The global multi-med adherence packaging market is expected to grow at a promising rate during the forecast period. North America region dominates the global multi-med adherence packaging market. Growing pharmaceuticals market, high rate of medication non adherence, and increase in funding by government agencies. U.S. is dominating the multi-med adherence packaging market in North America in North America, U.S. is the largest market for the multi-med adherence packaging. Europe is the second largest market for the global multi-med adherence packaging market. The Europe region is expected to be the fastest growing region for the multi-med adherence packaging market. 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.
The reports also cover country-level analysis:
North America
US
Canada
Europe
Germany
UK
France
Spain
Rest of the Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
South America
Middle East & Africa
Inquire before buying this report @ https://www.researchcosmos.com/inquire/1846009910
About Us:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on the gamut of sectors across the globe. Were associated with world-renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Contact Us:
Dani Rodriguez
Research Cosmos
+1 888 709 8757
dani@researchcosmos.com
The global multi-med adherence packaging market has been segmented based on material, product and end-user. On the basis of material, the market is segmented into plastic, paper and aluminum foil. The study indicates, plastic accounted for the largest market share and is expected to be fastest growing material type in the market. On the basis of product, the market is segmented into blister cards and pouches. The study indicates, blister cards segment accounted for the largest market share and is expected to be fastest growing product in the market due to its wide application in medical industry. Blister packaging safeguards medicines and small medical devices from oxygen, moisture, odour and also increases their shelf life. Blistering materials can also help with temperature fluctuations that can occur during shipping. Even in tropical climates, there is assurance of stability. On the basis of end-user, the market is segmented into hospitals, retail pharmacies and long term care facilities. The study indicates, retail pharmacies segment accounted for the largest market share and long term care facility is expected to be fastest growing end-user in the market.
The global multi-med adherence packaging market was valued at USD 364.8 million in the year 2016, which is expected to reach USD 543.3 million by the end of the forecast period growing at 5.96% CAGR.
Browse details of 98 pages research report developed on Global Multi-Med Adherence Packaging Market @ https://www.researchcosmos.com/reports/multi-med-adherence-packaging-market-report-global-industry-outlook-analysis-and-forecast-2017-20/1846009910
Key Players
The major players operating in this market, who have adopted these strategies, are 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.
Objective of Global Multi-Med Adherence Packaging Market Analysis & Forecast, from 2017 to 2023
Region-level demand analysis and forecast of the study market
Study of the effect of exogenous & endogenous factors viz. demographic, economics, and political factors, which affect the Global Multi-Med Adherence Packaging Market
Porters five forces market analysis to determine competitive scenario
Segment and sub-segment level analysis of the market over the historical as well as forecast period
Identification of key factors instrumental in the changing market scenario, such as tapping new market opportunities, and gaining competitive edge
Target Audience
Supplier companies
End Users
Consultants and Investment Bankers
Research Institute / Education Institute
Key Findings
The Global Multi-Med Adherence Packaging Market is expected to reach USD 364.8 million by 2023.
By material, plastic accounted for the largest market share of 57.70% in 2016, with a market value of USD 210.5 million and is projected to grow at the highest CAGR of 6.48% during the forecast period.
By product, blister cards accounted for the largest market share of 86.60% in 2016, with a market value of USD 315.9 million and is projected to grow at the highest CAGR of 6.11% during the forecast period.
By end-user, retail pharmacies accounted for the largest market share of 42.60% in 2016, with a market value of USD 155.4 million and is projected to grow at a CAGR of 6.01% during the forecast period. Also, long term care facility was the second-largest market in 2016, valued at USD 120.7 million in 2016; it is projected to grow at the highest CAGR of 6.29%.
Geographically, North America accounted for the largest share in Global Multi-Med Adherence Packaging Market followed by Europe.
Avail Sample Market Brochure of the report for more information to evaluate report usefulness, Get a Copy @ https://www.researchcosmos.com/request/1846009910
Regional and Country Analysis of Global Multi-Med Adherence Packaging Market estimation and forecast
The global multi-med adherence packaging market is expected to grow at a promising rate during the forecast period. North America region dominates the global multi-med adherence packaging market. Growing pharmaceuticals market, high rate of medication non adherence, and increase in funding by government agencies. U.S. is dominating the multi-med adherence packaging market in North America in North America, U.S. is the largest market for the multi-med adherence packaging. Europe is the second largest market for the global multi-med adherence packaging market. The Europe region is expected to be the fastest growing region for the multi-med adherence packaging market. 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.
The reports also cover country-level analysis:
North America
US
Canada
Europe
Germany
UK
France
Spain
Rest of the Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
South America
Middle East & Africa
Inquire before buying this report @ https://www.researchcosmos.com/inquire/1846009910
About Us:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on the gamut of sectors across the globe. Were associated with world-renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Contact Us:
Dani Rodriguez
Research Cosmos
+1 888 709 8757
dani@researchcosmos.com
Contact Information:
Research Cosmos
Dani Rodriguez
Tel: +1 888 709 8757
Email us
----
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Research Cosmos
Dani Rodriguez
Tel: +1 888 709 8757
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results