Multi-Med Adherence Packaging Market Is Expected To Grow At A CAGR Of 5.8% By 2023

Global Multi-Med Adherence Packaging Market Information Report by Face stock Material (Plastic, Paper and Aluminum Foil), by End User (Retail Pharmacies, Hospital, and Others) and By Region - Forecast To 2023

Market Highlights:
In multi-med adherence packaging pharmacies or hospitals puts multiple does into prefilled medicine packs and each pack is labelled with the date, day of week and time of administration. This is helps people with complicated prescription regimens, adhere to their prescriptions. The rising ageing population leads to increasing diseases and more requirement of medical facilities in the population. This has a positive impact on the growth of the market. Reduced wastage of medicines, resulting from the use of multi-med adherence packaging, and increasing investment in R&D, also boost to the market. However, lack of awareness or marketing may hinder the growth of the market.
Multi-med adherence packaging market is projected to grow at a CAGR of 5.8% during the forecast period.

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Key Players of Multi-Med Adherence Packaging Market:
• Omnicell, Inc. (U.S.)
• Manrex Limited (Canada)
• Ropack Inc. (Canada)
• Rx Systems, Inc. (U.S.)
• Synergy Medical (Canada)
• Black & Shepard OHG (Germany)
• TCGRx (U.S.)
• Excellere Partners (U.S.)
• CuePath Innovation Inc. (U.S.)

Market Research Analysis:
On the basis of material, the market is segmented as plastic, paper and aluminum foil. Plastic segment dominates the material segment of the market and is projected to grow at the highest CAGR during the forecast period. Different types of plastic such as polyethylene (PE), Polypropylene (PP), and polyvinyl chloride (PVC), are used. Plastic offers good visibility to the product and provides secure & attractive packaging. Additionally, it is durable, clean, lightweight, transparent, and cost-effective.
On the basis of end user, the market is segmented as retail pharmacies, hospital, and others. Retail pharmacies segment dominates the end user segment of the market. Growing adoption of multi-med adherence packaging in retail pharmacies, drives the growth of this segment.

Scope of the Report:
This study provides an overview of the global multi-med adherence packaging market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global multi-med adherence packaging market by its material, end user and region.

By Material
• Paper
• Plastic
• Aluminum foil

By End User
• Retail Pharmacies
• Hospital
• Others

By Region
• North America
• Asia-Pacific
• Europe
• Rest of the World

Brief TOC:
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Multi-Med Adherence Packaging Market, By Material
4.1 Paper
4.2 Plastic
4.3 Aluminum Foil

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Release ID: 235035