Global Medication Adherence Market Expected to Grow With 17.5% CAGR During 2016-2022: P&S Market Research

NEW YORK, April 4, 2016 /PRNewswire/ --

According to market research report "Global Medication Adherence Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Product (Hardware-Centric Offering, and Software-Only Offering), by Class or Medication (Cardiovascular, Diabetes, Oncology, CNS, Respiratory, Rheumatology, Gastrointestinal, and Others)" published by P&S Market Research, the global medication adherence market is expected to grow with 17.5% CAGR during 2016 - 2022, due to growing demand for advanced medication adherence systems, and growing geriatric population.

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The increasing demand of mobile health (mHealth) technologies and increasing demand of personalized healthcare technologies will also drive the growth of the global medication adherence market. Among the various product offerings, the software-only offering segment is expected to witness the fastest growth during the forecast period. The global medication adherence market is growing at a significant rate.

Explore Full Report with Detailed TOC at: https://www.psmarketresearch.com/market-analysis/medical-adherence

Medication non-adherence is one of the most crucial problems in the healthcare industry, posing a strong financial impact on the global population. For healthcare employers, insurers, and patients, medication non-adherence significantly increases healthcare costs of disease-related complications. For pharmaceutical companies, pharmacy benefit managers, and pharmacies, medication non-adherence significantly grind down the profit due to non-adhering of medications by the patients. The growing interest of pharmaceutical companies and healthcare providers on medication adherence poses a greater influence on promoting better healthcare outcomes.

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The restraints associated with the growth of the global medication adherence market include privacy and security issues in the EHR and e-prescribing based medication adherence; and inadequate healthcare infrastructure in developing economies.

Geographically, North America dominated the global market of medication adherence market in 2015; whereas the Asian market is expected to witness the fastest growth at a during the forecast period.

Browse Related Research at: https://www.psmarketresearch.com/industry-report/healthcare

Some of the key companies operating in the global medication adherence market include Koninklijke Philips N.V., Qualcomm Incorporated, Proteus Digital Health Inc., AdhereTech Inc., Omnicell, Inc., Adherence Solutions LLC, SMRxT, McKesson Corporation, and DrFirst.

Explore Other Published Reports 

Global mHealth Market - https://www.psmarketresearch.com/market-analysis/mobile-healthcare-market

Global Medication Management Market - https://www.psmarketresearch.com/market-analysis/medication-management-market

Global Internet of Things (IoT) Healthcare Market - https://www.psmarketresearch.com/market-analysis/internet-of-things-in-healthcare-market

About P&S Market Research: 

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we're keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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SOURCE P&S Market Research

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