February 18, 2025

Medical Adherence Market Report: Global Perspectives on Patient Compliance

Medical Adherence Market

The medical adherence market encompasses products and solutions that help patients adhere to prescribed treatment plans and maintain compliance with medication schedules. Medical adherence solutions largely include applications, wearable devices, packaging solutions, and remote patient monitoring services that deliver real-time alerts and reminders to patients. They play a vital role in improving medication adherence rates, which stands at an average of 50% globally, by simplifying dosing regimens and bringing more accountability and awareness to medication-taking behavior. Non-adherence to prescribed medications can lead to worsening of diseases, increased morbidity and mortality rates, and higher healthcare spending. Thus, with the growing burden of chronic illnesses worldwide, medical adherence solutions are increasingly being adopted to improve health outcomes.

The global Medical Adherence Market is estimated to be valued at US$ 3.68 Bn in 2024 and is expected to exhibit a CAGR of 14% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends in the medical adherence market is the growing adoption of digital solutions. Various digital platforms including apps, electronic monitors, and trackers have been developed to help patients manage their medication schedules better. They enable two-way communication between patients and care teams, provide customized treatment plans and reminders, and generate adherence reports. The convenience and ease-of-use offered by digital tools have made them popular, especially among younger patients. Their ability to integrate with other healthcare IT solutions is also augmenting their uptake. Rising investments by market players to develop more sophisticated digital offerings with enhanced features will further bolster the digitalization of medical adherence over the coming years.

Porter’s Analysis

Threat of new entrants: The medical adherence market has high entry barriers such as large capital requirements, established brand value, patents and regulatory procedures. This reduces the threat of new entrants.

Bargaining power of buyers: Buyers in the medical adherence market have moderate bargaining power due to the availability of substitute products and need for quality healthcare products.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are many established suppliers for medical adherence products and solutions.

Threat of new substitutes: The threat of substitutes is moderate as there are alternative adherence solutions available for improving medication adherence rates.

Competitive rivalry: The competitive rivalry in the medical adherence market is high among the top players due to their technological innovation and focus on developing advanced adherence solutions.

Key Takeaways

The global medical adherence market is expected to witness high growth over the forecast period driven by the increasing geriatric population and rising prevalence of chronic diseases globally. The global Medical Adherence Market is estimated to be valued at US$ 3.68 Bn in 2024 and is expected to exhibit a CAGR of 14% over the forecast period 2023 to 2030.

North America is currently the largest market for medical adherence due to supportive government initiatives and growing adoption of digital healthcare solutions in the region. The Asia Pacific region is predicted to grow at the fastest pace during the forecast period owing to expanding healthcare infrastructure and increasing healthcare expenditure across developing countries.

Key players operating in the medical adherence market are AdhereTech, McKesson Corporation, Medminder Systems, Inc., and Omnicell, Inc. AdhereTech offers innovative digital adherence packaging solutions while McKesson Corporation provides pharmacy automation systems and medication adherence packaging. Medminder Systems provides adherence packs and reminders to help patients stay on track with their medication schedules. Omnicell offers central pharmacy automation solutions along with medication adherence packaging systems. These leading players are focusing on developing advanced technologies and solutions to improve medication adherence among patients.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Money Singh
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. 

Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. 

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