Axiom Market Research & Consulting™ added a report on global Medication Adherence Systems and Technologies market which includes study on type, medication across various countries of key regions across the globe. The global Medication Adherence Systems and Technologies market was projected to grow at a CAGR of % for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the Medication Adherence Systems and Technologies market.
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The factors such as increasing diseases and treatment has led the demand for advanced medication adherence systems thereby has accelerated the growth of the market. Also, expanding demand for personalized healthcare and increasing demand for mHealth technologies are fuelling the growth of market. Also, rising geriatric population and increasing prevalence of chronic diseases are likely to contribute to the healthy growth of the market.
The report analyses the global Medication Adherence Systems and Technologies market based on type, medication and geography. The medication adherence systems and technologies market is available in different type like hardware centric, software centric. The medication adherence systems and technologies market is used for various medication like cardiovascular, central nervous system, diabetes, oncology, gastrointestinal, musculoskeletal. The global Medication Adherence Systems and Technologies market is studied across various key countries of regions such as, North America, Europe, Asia Pacific and Rest of the World.
The Software centric segment is estimated to dominate the Medication Adherence Systems and Technologies market during the forecast period
The rapid growth in the Software centric segment in market is the key driving factor that is accredited to the growth of the market. In addition, the growth is due to factor of application which can track, record and indicate the patient condition. Also, low cost, accessibility, and easy use of application are boosting the market growth.
In 2020, cardiovascular medication accounted for the major market share
The cardiovascular hold significant share in the medication adherence systems and technologies market owing to increasing patient’s burden globally for cardiovascular diseases. The demand different devices and sensor for medication is further boosting the demand for the market.
North America dominated Medication Adherence Systems and Technologies market in 2020 and is expected to witness emerging growth in upcoming years
North America is anticipated to dominate and hold significant share in the global Medication Adherence Systems and Technologies market. In addition, growing demand and adoption of different technological based products in healthcare system is accelerating the market growth. United States followed by Canada and Mexico is projected to be the fastest growing market due to increasing consumers demand for medication adherence systems and technologies based products in the region.
Key Players:
The key player in global Medication Adherence Systems and Technologies market are Koninklijke Philips N.V. (Nertherlands), Cardinal Health Inc (United States), Johnson & Johnson Services, Inc (United States), McKesson Corporation (United States), ActualMeds Corp (United States), etectRx (United States), MedaCheck, Omnicell Inc (United States), HealthBeacon Limited (Ireland), AdhereTech Inc (United States), DrFirst.com Inc (United States), SMRxT Inc(United States) and Qualcomm Incorporated(United States) among others.
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