Market Overview:
The global multi-med adherence packaging market is expected to grow at a CAGR of 6.5% during the forecast period 2018-2030. The market growth can be attributed to factors such as the increasing incidence of chronic diseases, rising demand for medication adherence packaging solutions and technological advancements in the field of pharmaceuticals. Based on type, the global multi-med adherence packaging market is segmented into plastic, paper and aluminum foil. Among these segments, plastic is expected to witness highest growth rate during the forecast period owing to its properties such as durability and resistance against moisture and other environmental factors. By application, hospitals pharmacies accounted for majority share in 2017 and is projected to maintain its dominance during the forecast period.
Product Definition:
Multi-Med Adherence Packaging is a type of packaging that is used to store and dispense multiple medications. The importance of multi-med adherence packaging is that it helps to ensure that patients take their medications as prescribed. This type of packaging can also help to reduce the risk of medication errors.
Global Multi-Med Adherence Packaging Market Size Growth Rate by Material: 2016 VS 2021 VS 2027:
Global Multi-Med Adherence Packaging market was valued at USD 1.0 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. Increasing prevalence of diabetes, cardiovascular diseases, and respiratory disorders are some major factors driving the global multi-med adherence packaging market growth globally.
Plastic:
Plastic is a versatile material that can be molded into various shapes and sizes for use in packaging. It has been used as an integral component of multi-med adherence packaging solutions since the past few decades. The global plastic and its usage in multi-med adherence packaging market size spans application areas including medical device, pharmaceuticals, over the counter (OTC), cosmetics, food & beverage among others.
Application Insights:
The others application segment includes dental clinics, veterinary clinics and medical imaging centers. The other applications of multi-med adherence packaging include hospitals, pharmacies, and retail pharmacies. Hospitals accounted for the largest market share in terms of revenue in 2018 owing to a large patient base that requires regular medication. Furthermore, increasing investments by governments for the development of healthcare infrastructure is expected to boost product demand over the forecast period.
Pharmacies are projected to be one of the fastest growing segments due to an increase in retail pharmacy stores across various regions coupled with rising awareness about medicines among consumers globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing healthcare expenditure, rising awareness about medication adherence, and high adoption of advanced technologies for dispensing medicines. Moreover, growing number of specialty pharmacies and hospitals that cater to a large patient pool are also contributing towards regional growth.
Asia Pacific is estimated to witness lucrative growth over the forecast period owing to improving healthcare infrastructure coupled with rising demand for quality medical services in emerging countries such as China & India & Japan). In addition, favorable government initiatives promoting multi-medicine approaches are anticipated drive regional demand during the forecast years 2021–2030 (calendar year 2021).
Growth Factors:
- Increasing demand for Multi-Med Adherence Packaging from the pharmaceutical and biotechnology industries as a result of the increasing incidence of chronic diseases.
- The growing trend of self-medication, especially in developing countries, is expected to drive the growth of the Multi-Med Adherence Packaging market during the forecast period.
- Rising awareness about the benefits of using Multi-Med Adherence Packaging among consumers is projected to boost market growth over the next few years.
- Growing investments by key players in research and development activities aimed at enhancing product offerings is likely to propel market expansion in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Multi-Med Adherence Packaging Market Research Report
By Type
Global Multi-Med Adherence Packaging Market Size Growth Rate by Material: 2016 VS 2021 VS 2027, Plastic, Paper, Aluminum Foil
By Application
Hospitals Pharmacies, Retail Pharmacies, Others
By Companies
Mnicell, Ardinal Health, Ones Packaging, Rug Package, X Systems, Lobal Factories Group, Cgrx, Arata Systems, Anrex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Multi-Med Adherence Packaging Market Report Segments:
The global Multi-Med Adherence Packaging market is segmented on the basis of:
Types
Global Multi-Med Adherence Packaging Market Size Growth Rate by Material: 2016 VS 2021 VS 2027, Plastic, Paper, Aluminum Foil
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals Pharmacies, Retail Pharmacies, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mnicell
- Ardinal Health
- Ones Packaging
- Rug Package
- X Systems
- Lobal Factories Group
- Cgrx
- Arata Systems
- Anrex
Highlights of The Multi-Med Adherence Packaging Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Global Multi-Med Adherence Packaging Market Size Growth Rate by Material: 2016 VS 2021 VS 2027
- Plastic
- Paper
- Aluminum Foil
- By Application:
- Hospitals Pharmacies
- Retail Pharmacies
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Multi-Med Adherence Packaging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Multi-Med Adherence Packaging is a way to improve adherence to medications by providing them in a convenient and easy-to-use format.
Some of the major companies in the multi-med adherence packaging market are Mnicell, Ardinal Health, Ones Packaging, Rug Package, X Systems, Lobal Factories Group, Cgrx, Arata Systems, Anrex.
The multi-med adherence packaging market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multi-Med Adherence Packaging Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Multi-Med Adherence Packaging Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multi-Med Adherence Packaging Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Multi-Med Adherence Packaging Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Multi-Med Adherence Packaging Market Size & Forecast, 2018-2028
4.5.1 Multi-Med Adherence Packaging Market Size and Y-o-Y Growth
4.5.2 Multi-Med Adherence Packaging Market Absolute $ Opportunity
Chapter 5 Global Multi-Med Adherence Packaging Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Multi-Med Adherence Packaging Market Size Forecast by Type
5.2.1 Global Multi-Med Adherence Packaging Market Size Growth Rate by Material: 2016 VS 2021 VS 2027
5.2.2 Plastic
5.2.3 Paper
5.2.4 Aluminum Foil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Multi-Med Adherence Packaging Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Multi-Med Adherence Packaging Market Size Forecast by Applications
6.2.1 Hospitals Pharmacies
6.2.2 Retail Pharmacies
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multi-Med Adherence Packaging Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Multi-Med Adherence Packaging Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Multi-Med Adherence Packaging Analysis and Forecast
9.1 Introduction
9.2 North America Multi-Med Adherence Packaging Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Multi-Med Adherence Packaging Market Size Forecast by Type
9.6.1 Global Multi-Med Adherence Packaging Market Size Growth Rate by Material: 2016 VS 2021 VS 2027
9.6.2 Plastic
9.6.3 Paper
9.6.4 Aluminum Foil
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Multi-Med Adherence Packaging Market Size Forecast by Applications
9.10.1 Hospitals Pharmacies
9.10.2 Retail Pharmacies
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Multi-Med Adherence Packaging Analysis and Forecast
10.1 Introduction
10.2 Europe Multi-Med Adherence Packaging Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Multi-Med Adherence Packaging Market Size Forecast by Type
10.6.1 Global Multi-Med Adherence Packaging Market Size Growth Rate by Material: 2016 VS 2021 VS 2027
10.6.2 Plastic
10.6.3 Paper
10.6.4 Aluminum Foil
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Multi-Med Adherence Packaging Market Size Forecast by Applications
10.10.1 Hospitals Pharmacies
10.10.2 Retail Pharmacies
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Multi-Med Adherence Packaging Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Multi-Med Adherence Packaging Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Multi-Med Adherence Packaging Market Size Forecast by Type
11.6.1 Global Multi-Med Adherence Packaging Market Size Growth Rate by Material: 2016 VS 2021 VS 2027
11.6.2 Plastic
11.6.3 Paper
11.6.4 Aluminum Foil
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Multi-Med Adherence Packaging Market Size Forecast by Applications
11.10.1 Hospitals Pharmacies
11.10.2 Retail Pharmacies
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Multi-Med Adherence Packaging Analysis and Forecast
12.1 Introduction
12.2 Latin America Multi-Med Adherence Packaging Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Multi-Med Adherence Packaging Market Size Forecast by Type
12.6.1 Global Multi-Med Adherence Packaging Market Size Growth Rate by Material: 2016 VS 2021 VS 2027
12.6.2 Plastic
12.6.3 Paper
12.6.4 Aluminum Foil
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Multi-Med Adherence Packaging Market Size Forecast by Applications
12.10.1 Hospitals Pharmacies
12.10.2 Retail Pharmacies
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Multi-Med Adherence Packaging Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Multi-Med Adherence Packaging Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Multi-Med Adherence Packaging Market Size Forecast by Type
13.6.1 Global Multi-Med Adherence Packaging Market Size Growth Rate by Material: 2016 VS 2021 VS 2027
13.6.2 Plastic
13.6.3 Paper
13.6.4 Aluminum Foil
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Multi-Med Adherence Packaging Market Size Forecast by Applications
13.10.1 Hospitals Pharmacies
13.10.2 Retail Pharmacies
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Multi-Med Adherence Packaging Market: Competitive Dashboard
14.2 Global Multi-Med Adherence Packaging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mnicell
14.3.2 Ardinal Health
14.3.3 Ones Packaging
14.3.4 Rug Package
14.3.5 X Systems
14.3.6 Lobal Factories Group
14.3.7 Cgrx
14.3.8 Arata Systems
14.3.9 Anrex
