The Patient Adherence and Compliance Market should grow from $3.5 billion in 2020 to $6.0 billion by 2028 with a compound annual growth rate (CAGR) of 11% during the period of 2022-2028.
Adherence is defined as the degree to which an individual’s behaviors related to taking medications, implementing dietary and/or lifestyle changes are consistent with the health care provider’s agreed recommendations. In essence, it refers to the degree to which a patient adheres to a treatment regimen. Another statistic released by WHO is that for chronic diseases, patient compliance is as low as 50% in developed countries, but much lower in developing countries. Patient compliance and lack of compliance is a major concern for pharmaceutical companies as it increases the potential need for higher levels of care for patients. This is because poor or insufficient compliance leads to poor patient health and, consequently, increased health care costs for the health care system. It is estimated that about 40% of major pharmaceutical companies’ revenue losses are due to patient non-compliance and non-compliance. Pharmaceutical companies are making significant investments to develop effective solutions to address the growing problem of patient non-compliance and non-compliance.
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Market Segments
By Type
- In-house adherence support
- Outsourced adherence support
By Technique
- Clinical innovation
- Patient counseling and education
- Software Apps
Key Players
- S3 Group
- Adherence Solutions LLC
- Qualcomm Inc.,
- Koninklijke Philips N.V.
- Adheretech, Inc.
Scope of the Report
The research study analyzes the global Patient Adherence and Compliance industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Patient Adherence and Compliance Market Report
1. What was the Patient Adherence and Compliance Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Patient Adherence and Compliance Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Patient Adherence and Compliance Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Patient Adherence and Compliance market.
- The market share of the global Patient Adherence and Compliance market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Patient Adherence and Compliance market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Patient Adherence and Compliance market.
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