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(Medical-NewsWire.com, March 01, 2016 ) Some of the major pharmaceuticals companies are predicting that an increase of 10% of medication adherence rates will benefits billions of dollars of healthcare market opportunity in the US alone.
Explore more about global medication adherence market: https://www.psmarketresearch.com/market-analysis/medical-adherence
The development of smartphone adherence apps is one of the new trends in the medication adherence market. The app based medication adherence offers designed and features that can help healthcare providers to improve patient’s non-adherence. Currently, the medication adherence app is supportable to all major smartphone operating systems, such as Apple, Android, and Blackberry. Various other designs based advancements, such as attractive and convenience packaging, medication education, reduce readmissions, and patients counseling, are some of the other advancement in the medication adherence market.
The speculation over the inefficiency of the methods used for the measurement of adherence is one of the major factors hindering the widespread acceptance of medication adherence. The accuracy of patíent’s self-reports depend largely on memory and prone to the high degree of inaccuracy. Similarly pill counts are also unreliable if patients failed to return the bottle or packaging material used.
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Two types of medication non-adherence are found in the healthcare industry, unintentional and intentional. In unintentional medical non-adherence, patients are intended to take medicine but fail to do so for some unobvious reason; whereas, in intentional medical non-adherence patents are making an articulate decision about avoiding the medication and clinical trials based solely of their perceptions, and feelings.
Based on the various disease types, the global medication adherence market can be segmented as diabetes, hypertension, dyslipidemia (high cholesterol), and depression. Patients suffering from depression had the lower adherence rates, whereas, patients suffering from hypertension have the highest adherence rate.
North America is the largest market of medication adherence. The market dominance of North America is attributed to the stringent government regulation towards patient’s safety and wellness, such as The Patient Protection and Affordable Care Act, The Health Care and Education Reconciliation Act and American Recovery and Reinvestment Act. Europe is the second largest market of medical adherence and growing at a significant rate. The medication adherence market in Europe is mainly driven by the need of medical monitoring among growing elderly patients in this region. In Asia Pacific, the market is still in its nascent stage; however, some of the major countries such as Japan and China are showing considerable opportunity for the medication adherence market. County wise, the U.S. is the largest market of medication adherence in the world. The U.K., Germany, and France are some of the major market for medical adherence in Europe; whereas, Japan is the largest market of medication adherence in Asia-Pacific region.
Browse more healthcare reports at: https://www.psmarketresearch.com/industry-report/healthcare
Some of the major players operating in the global medication adherence market include, Philips, AdhereTech, CleverCap, Medvantx, Proteus Digital Health, Mango Health, MTS Medication Technologies, Med-In-Touch, Adherence Solutions LLC, and Voxiva Inc.
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