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Medication Compliance Management-Global Market Insights and Sales Trends 2024

Medication Compliance Management-Global Market Insights and Sales Trends 2024

Publishing Date : Nov, 2023

License Type :
 

Report Code : 1836380

No of Pages : 88

Synopsis
The medication compliance management market plays a critical role in ensuring that patients adhere to their recommended therapy. The benefits of these are an improved medical outcome and higher patient value over the lifetime. The use of next-generation technology with financial incentives like electronic loyalty cards, (refill reminders, text messages, emails), behavioural sciences and other methods will help to retain patients in the long-term. Medical compliance management programs with an ongoing patient relationship are far more successful than one-time or even periodic exchanges. The medication compliance management market is slowly moving towards the realisation that there is no single solution for every patients’ needs and multiple, unique compliance programs under one roof will need to be developed.
The global Medication Compliance Management market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Medication Compliance Management in various end use industries. The expanding demands from the Hospitals, Clinics, Home Care and Other, are propelling Medication Compliance Management market. Service, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Solution segment is estimated at % CAGR for the next seven-year period.
The global pharmaceutical market is 1475 billion USD in 2022, growing at a CAGR of 5% during the next six years. The pharmaceutical market includes chemical drugs and biological drugs. For biologics is expected to 381 billion USD in 2022. In comparison, the chemical drug market is estimated to increase from 1005 billion in 2018 to 1094 billion U.S. dollars in 2022. The pharmaceutical market factors such as increasing demand for healthcare, technological advancements, and the rising prevalence of chronic diseases, increase in funding from private & government organizations for development of pharmaceutical manufacturing segments and rise in R&D activities for drugs. However, the industry also faces challenges such as stringent regulations, high costs of research and development, and patent expirations. Companies need to continuously innovate and adapt to these challenges to stay competitive in the market and ensure their products reach patients in need. Additionally, the COVID-19 pandemic has highlighted the importance of vaccine development and supply chain management, further emphasizing the need for pharmaceutical companies to be agile and responsive to emerging public health needs.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Medication Compliance Management, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Medication Compliance Management market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Medication Compliance Management market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Medication Compliance Management sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Medication Compliance Management covered in this report include Koninklijke Philips, AdhereTech, Qualcomm, Omnicell, Adherence Solutions, SMRxT, DrFirst, Proteus Digital Health and McKesson, etc.
The global Medication Compliance Management market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Koninklijke Philips
AdhereTech
Qualcomm
Omnicell
Adherence Solutions
SMRxT
DrFirst
Proteus Digital Health
McKesson
Global Medication Compliance Management market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Medication Compliance Management market, Segment by Type:
Service
Solution
Global Medication Compliance Management market, by Application
Hospitals
Clinics
Home Care
Other
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Medication Compliance Management companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index
1 Market Overview of Medication Compliance Management
1.1 Medication Compliance Management Market Overview
1.1.1 Medication Compliance Management Product Scope
1.1.2 Medication Compliance Management Market Status and Outlook
1.2 Global Medication Compliance Management Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Medication Compliance Management Market Size by Region (2018-2029)
1.4 Global Medication Compliance Management Historic Market Size by Region (2018-2023)
1.5 Global Medication Compliance Management Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Medication Compliance Management Market Size (2018-2029)
1.6.1 North America Medication Compliance Management Market Size (2018-2029)
1.6.2 Europe Medication Compliance Management Market Size (2018-2029)
1.6.3 Asia-Pacific Medication Compliance Management Market Size (2018-2029)
1.6.4 Latin America Medication Compliance Management Market Size (2018-2029)
1.6.5 Middle East & Africa Medication Compliance Management Market Size (2018-2029)
2 Medication Compliance Management Market by Type
2.1 Introduction
2.1.1 Service
2.1.2 Solution
2.2 Global Medication Compliance Management Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Medication Compliance Management Historic Market Size by Type (2018-2023)
2.2.2 Global Medication Compliance Management Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Medication Compliance Management Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Medication Compliance Management Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Medication Compliance Management Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Medication Compliance Management Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Medication Compliance Management Revenue Breakdown by Type (2018-2029)
3 Medication Compliance Management Market Overview by Application
3.1 Introduction
3.1.1 Hospitals
3.1.2 Clinics
3.1.3 Home Care
3.1.4 Other
3.2 Global Medication Compliance Management Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Medication Compliance Management Historic Market Size by Application (2018-2023)
3.2.2 Global Medication Compliance Management Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Medication Compliance Management Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Medication Compliance Management Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Medication Compliance Management Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Medication Compliance Management Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Medication Compliance Management Revenue Breakdown by Application (2018-2029)
4 Medication Compliance Management Competition Analysis by Players
4.1 Global Medication Compliance Management Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Medication Compliance Management as of 2022)
4.3 Date of Key Players Enter into Medication Compliance Management Market
4.4 Global Top Players Medication Compliance Management Headquarters and Area Served
4.5 Key Players Medication Compliance Management Product Solution and Service
4.6 Competitive Status
4.6.1 Medication Compliance Management Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Koninklijke Philips
5.1.1 Koninklijke Philips Profile
5.1.2 Koninklijke Philips Main Business
5.1.3 Koninklijke Philips Medication Compliance Management Products, Services and Solutions
5.1.4 Koninklijke Philips Medication Compliance Management Revenue (US$ Million) & (2018-2023)
5.1.5 Koninklijke Philips Recent Developments
5.2 AdhereTech
5.2.1 AdhereTech Profile
5.2.2 AdhereTech Main Business
5.2.3 AdhereTech Medication Compliance Management Products, Services and Solutions
5.2.4 AdhereTech Medication Compliance Management Revenue (US$ Million) & (2018-2023)
5.2.5 AdhereTech Recent Developments
5.3 Qualcomm
5.3.1 Qualcomm Profile
5.3.2 Qualcomm Main Business
5.3.3 Qualcomm Medication Compliance Management Products, Services and Solutions
5.3.4 Qualcomm Medication Compliance Management Revenue (US$ Million) & (2018-2023)
5.3.5 Omnicell Recent Developments
5.4 Omnicell
5.4.1 Omnicell Profile
5.4.2 Omnicell Main Business
5.4.3 Omnicell Medication Compliance Management Products, Services and Solutions
5.4.4 Omnicell Medication Compliance Management Revenue (US$ Million) & (2018-2023)
5.4.5 Omnicell Recent Developments
5.5 Adherence Solutions
5.5.1 Adherence Solutions Profile
5.5.2 Adherence Solutions Main Business
5.5.3 Adherence Solutions Medication Compliance Management Products, Services and Solutions
5.5.4 Adherence Solutions Medication Compliance Management Revenue (US$ Million) & (2018-2023)
5.5.5 Adherence Solutions Recent Developments
5.6 SMRxT
5.6.1 SMRxT Profile
5.6.2 SMRxT Main Business
5.6.3 SMRxT Medication Compliance Management Products, Services and Solutions
5.6.4 SMRxT Medication Compliance Management Revenue (US$ Million) & (2018-2023)
5.6.5 SMRxT Recent Developments
5.7 DrFirst
5.7.1 DrFirst Profile
5.7.2 DrFirst Main Business
5.7.3 DrFirst Medication Compliance Management Products, Services and Solutions
5.7.4 DrFirst Medication Compliance Management Revenue (US$ Million) & (2018-2023)
5.7.5 DrFirst Recent Developments
5.8 Proteus Digital Health
5.8.1 Proteus Digital Health Profile
5.8.2 Proteus Digital Health Main Business
5.8.3 Proteus Digital Health Medication Compliance Management Products, Services and Solutions
5.8.4 Proteus Digital Health Medication Compliance Management Revenue (US$ Million) & (2018-2023)
5.8.5 Proteus Digital Health Recent Developments
5.9 McKesson
5.9.1 McKesson Profile
5.9.2 McKesson Main Business
5.9.3 McKesson Medication Compliance Management Products, Services and Solutions
5.9.4 McKesson Medication Compliance Management Revenue (US$ Million) & (2018-2023)
5.9.5 McKesson Recent Developments
6 North America
6.1 North America Medication Compliance Management Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Medication Compliance Management Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Medication Compliance Management Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Medication Compliance Management Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Medication Compliance Management Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Medication Compliance Management Market Dynamics
11.1 Medication Compliance Management Industry Trends
11.2 Medication Compliance Management Market Drivers
11.3 Medication Compliance Management Market Challenges
11.4 Medication Compliance Management Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List

Published By : QY Research

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