Medication Adherence Devices Market is expected to grow at 5.17% through 2030F
The increasing incidence of chronic diseases is expected to
drive the growth of Global Medication Adherence Devices Market in the forecast
period, 2026-2030.
According to TechSci Research report, “Medication Adherence Devices
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
2020-2030F,” Global Medication Adherence Devices Market was valued at USD 3.38 billion in 2024 and is expected to reach USD 4.54 billion by 2030 with a CAGR of 5.17%. This
can be ascribed to the growing demand for advanced medication adherence systems
along with the growing prevalence of chronic diseases across the globe.
Additionally, the growing geriatric population and growing demand for mHealth
technologies for observing and imposing adherence to the medical plan are
expected to create significant growth during the forecast period. Besides, the growing
demand for personalized healthcare and the growing usage of pharmaceuticals in
the developing regions will further boost the growth of the market during the
forecast period. Similarly, the growing demand for home healthcare services and
the growing adoption of smart technology related to medicine will further
propel the growth of the market during the forecast period. Also, the
availability, as well as affordability of medicine, has increased which will
further drive the growth of the market in the forecast period.
However, the lack of healthcare infrastructure and growing
patient privacy may slow down the growth of the global medication adherence
devices market in the forecast period. Also, myths and misconceptions
associated with medical adherence can further restrict the growth of the global
medication adherence devices market. Similarly, the uncertainties about
reimbursement procedures for the treatment of chronic diseases can further
restrict the growth of the market during the forecast period.
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TOC on "Medication Adherence Devices Market"
Global Medication Adherence Devices market can be segmented based on type,
medication, region and competition.
Based on the medication segment, cardiovascular diseases dominated the medication adherence devices market among various therapeutic areas such as Central Nervous System (CNS), Diabetes, Oncology, Gastrointestinal, Musculoskeletal, and Others. The reason for this dominance lies in the high global prevalence of cardiovascular diseases, which include conditions like hypertension, heart disease, and stroke. These conditions often require long-term medication management, making adherence crucial for preventing complications and hospitalizations. Cardiovascular patients typically need to follow strict medication regimens, including multiple medications taken at different times, which can lead to high rates of non-adherence. Medication adherence devices, such as smart pill bottles and reminders, are particularly beneficial in this area, as they help patients stay on track with their treatments. The cardiovascular disease management is a top priority for healthcare systems worldwide due to its high burden on healthcare resources, which drives the demand for adherence solutions in this therapeutic area
Based on region, Asia-Pacific is the fastest-growing region
in the global medication adherence devices market due to several key factors.
The region is experiencing rapid economic growth, leading to higher disposable
incomes and improved access to healthcare. A significant rise in chronic
diseases like diabetes, cardiovascular conditions, and cancer is driving the
demand for medication adherence solutions. Additionally, the aging population
in countries such as Japan, China, and India necessitates better management of
long-term medication regimens. Government initiatives and investments in
healthcare infrastructure, along with increasing awareness of medication
adherence, are also contributing to market expansion. Moreover, the adoption of
digital health technologies, such as mobile apps and wearables, is accelerating
across the region, further boosting growth in this sector.
Major companies operating in the Global Medication
Adherence Devices market are:
- Becton, Dickinson and Company (CareFusion)
- DrFirst.com,Inc.
- AdhereTech Inc.
- MedMinder.
- Caredose.
- Fruitech Ltd.
- PHC Holdings Corporation.
- MedAdvisor International Pty Ltd.
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“North America is expected to dominate the Global Medication Adherence Devices
Market on account of growing research and development in the healthcare sector
along with the growing aging population across the region. Similarly, growing
healthcare expenditure and increasing incidence of chronic diseases such as
cardiovascular diseases can further enhance the demand for medication adherence
devices, which will boost the market growth during the forecast period. Also,
growing disposable income helps patients treat chronic diseases at a high cost
which will further drive market growth over the years. Furthermore, the growing
demand for web-based health tech solutions for tracking all the data related to
treatment in the hospital sectors is further contributing to the demand for the
medication adherence market in the forecast period. Besides, the growing number
of new companies in the market is further expected to create lucrative
opportunities for market growth,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.
“Medication Adherence Devices Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Hardware Centric v/s Software Centric), By Medication (Cardiovascular, Central Nervous System, Diabetes, Oncology, Gastrointestinal, Musculoskeletal, Others), By Region and Competition 2020-2030F”, has evaluated the
future growth potential of global medication adherence devices market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision-makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the global medication adherence devices
market.
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