Smart Medication Adherence Packaging Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Smart medication adherence packaging allows manufacturers and labelers to pack medicinal products with all the details. The detail includes the time and date of the medicine, when it was packed, when it is supposed to be used, along with the consumption details. It allows the consumer to understand the dosage of medicine on its own. Smart medication adherence packaging helps direct consumers and the related end-users such as CROs, clinical trial organizations more to monitor and manage medication intake of trial participants digitally.

MARKET DYNAMICS

The smart medication adherence packaging market growth is estimated to grow due to the rising technological developments in the pharmaceutical industry, growing automation for packaging and labelling, and growing need for safe and efficient packaging to maintain the efficacy of the pharmaceutical products. The growing demand for automated pharmaceutical packaging in developing countries are likely to grow during the forecast period.

MARKET SCOPE

The "Smart Medication Adherence Packaging Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of Smart medication adherence packaging market with detailed market segmentation by product, technology, and end user. The smart medication adherence packaging market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in smart medication adherence packaging market and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The smart medication adherence packaging market is segmented based on product, technology, and end user. Based on product, the market is classified as smart package systems, smart pill bottles, mobile medical apps, smart pill dispensers, and bioingestible sensors. Based on technology, the market is divided as near-field communication (NFC), radio frequency identification (RFID), and two-dimensional barcodes. And based on end user, the market is segmented as clinical trial organizations, medical research firms, pharmaceutical and biotechnological companies, CROS, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Smart medication adherence packaging market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SCAM). The smart medication adherence packaging market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting smart medication adherence packaging market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the smart medication adherence packaging market in these regions.

MARKET PLAYERS

The report covers key developments in the smart medication adherence packaging market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from smart medication adherence packaging market are anticipated to have lucrative growth opportunities in the future with the rising demand for smart medication adherence packaging market in the global market. Below mentioned is the list of few companies engaged in the smart medication adherence packaging market.

The report also includes the profiles of key players in smart medication adherence packaging market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   The Wing Fat Printing Co., Ltd (RyPax)
  
•   Information Mediary Corp.
  
•   Aardex Group
  
•   Schreiner Group
  
•   RxSafe, LLC
  
•   ARxIUM, Inc.
  
•   Jones Healthcare Group
  
•   LOG Plastic Products Company Ltd.
  
•   WestRock Company
  
•   Synergy Medical
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

Smart Medication Adherence Packaging Report Scope