The adherence packaging market is influenced by several key dynamics. Firstly, the rising prevalence of chronic diseases and the growing geriatric population drive the demand for adherence packaging solutions to improve medication adherence. Additionally, advancements in packaging technologies, such as smart blister packs and electronic monitoring systems, enhance patient compliance and medication management. Moreover, the increasing focus on reducing healthcare costs and minimizing medication errors fuels the adoption of adherence packaging solutions by healthcare providers. Furthermore, government initiatives promoting medication adherence and patient safety contribute to market growth. However, challenges such as high implementation costs and the need for standardized packaging regulations across different regions can hinder market expansion. Overall, the adherence packaging market is driven by the increasing demand for patient-centric healthcare solutions, technological advancements, cost containment efforts, and regulatory support.
The global Adherence Packaging Market size was valued at USD 864.54 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 7.22% from 2022 to 2030.
Leading Companies in the Adherence Packaging Industry:
1. Westrock Company
Westrock Company was founded in 1954 and is headquartered in Atlanta, Georgia. It is a multinational provider of paper and packaging solutions for various industries, including healthcare. Westrock operates in multiple countries worldwide, with a strong presence in North America, Europe, and Asia. In November 2022, the company announced the development of innovative adherence packaging solutions that incorporate smart technology and enhanced patient engagement features, aiming to improve medication adherence and patient outcomes.
2. Keystone Folding Box Co
Keystone Folding Box Co was established in 1908 and has its headquarters in Newark, New Jersey. It is a leading manufacturer of paperboard packaging solutions for the healthcare industry. Keystone Folding Box operates in several countries worldwide, serving clients across North America, Europe, and Asia. In March 2023, the company introduced a new line of adherence packaging products, specifically designed to enhance medication adherence and patient convenience through user-friendly features and intuitive design.
3. Cardinal Health Inc
Cardinal Health Inc was founded in 1971 and is headquartered in Dublin, Ohio. It is a global healthcare services and products company that operates in multiple segments, including pharmaceutical and medical products distribution. Cardinal Health operates in numerous countries worldwide, with a broad international presence. In September 2022, the company announced the expansion of its medication adherence solutions portfolio, introducing advanced packaging technologies and data analytics capabilities to support medication management and improve patient adherence.
4. Omnicell Inc.
Omnicell Inc. was established in 1992 and has its headquarters in Mountain View, California. It is a leading provider of medication management and adherence solutions for healthcare institutions. Omnicell operates in multiple countries worldwide, serving clients across North America, Europe, and Asia. In June 2022, the company launched a new generation of adherence packaging systems that incorporate robotics and automation to streamline medication dispensing and enhance patient safety.
5. Jones Healthcare Group
Jones Healthcare Group was founded in 1882 and is headquartered in London, Ontario, Canada. It is a leading provider of packaging and medication adherence solutions for the healthcare industry. Jones Healthcare Group operates in multiple countries worldwide, including Canada, the United States, and Europe. In October 2022, the company introduced a range of smart packaging solutions that leverage sensor technology and connectivity to improve medication adherence and enable real-time monitoring of patient compliance.
6. Drug Package LLC
Drug Package LLC was established in 1881 and has its headquarters in O'Fallon, Missouri. It is a trusted provider of pharmaceutical packaging solutions, including adherence packaging, for the healthcare industry. Drug Package operates in multiple countries worldwide, serving clients across North America and Europe. In January 2023, the company announced the development of a new line of adherence packaging products that incorporate interactive features and personalized medication schedules, aiming to improve patient adherence and simplify medication management.
7. Manrex Limited
Manrex Limited was founded in 1971 and is based in Oakville, Ontario, Canada. It is a leading provider of medication adherence and packaging solutions for long-term care facilities and community pharmacies. Manrex operates primarily in Canada and the United States, offering its products and services to clients in North America. In April 2023, the company unveiled a new line of adherence packaging solutions that incorporate innovative design elements to facilitate medication organization and administration for patients.
8. Medicine-on-time LLC
Medicine-on-time LLC was established in 1995 and is headquartered in Roanoke, Virginia. It is a provider of medication adherence packaging and related services for pharmacies and healthcare institutions. Medicine-on-time operates primarily in the United States, offering its solutions to clients nationwide. In July 2022, the company announced the launch of an advanced medication synchronization platform that integrates with its adherence packaging system, enabling pharmacies to improve medication adherence through synchronized refill schedules and personalized packaging.
9. Rx Systems Inc.
Rx Systems Inc. was founded in 1979 and is based in St. Charles, Missouri. It is a leading manufacturer and supplier of pharmacy packaging and labeling solutions, including adherence packaging, for the healthcare industry. Rx Systems operates primarily in the United States, serving pharmacies and healthcare institutions nationwide.
Definition- Adherence packaging refers to specialized packaging solutions designed to improve medication adherence and patient compliance. It includes various formats, such as blister packs, pouches, and smart packaging, to help individuals manage their medications effectively.
