GLOBAL INDUSTRY INSIGHT: MedicationAdherenceMarketSize,Share,Development,Growthand Demand Forecast to 2020 P&S Market Research. All rights reserved 2 GlobalMedicationAdherenceMarketSize,Share,Development, Growth and Demand Forecast to 2020 Medicalnon-adherenceisoneofthemajorfactorsdamagingthepotentialrevenueofthepharmaceutical industry. In recent years, a surge in the intrusions are observed in medication adherence by the pharmaceutical companies. 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. Exploremoreaboutgl obalmedicationadherencemarket: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 patientsnon-adherence.Currently,themedicationadherenceappissupportabletoallmajorsmartphone 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.ThegrowingmarketofElectronicHealthRecord(HR),andE-Prescriptionisdrivingthemedicationadherence market in developed countries. The access to real time data in healthcare monitoring increases the medication adherence in patients. Moreover, the technology also engages patients in more frequent and efficient ways, which in turns drive the medication adherence in patients. The speculation over the inefficiency of the methods used for the measurement of adherence is one of the major factorshinderingthewidespreadacceptanceofmedicationadherence.Theaccuracyofpatentsself-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. Request Table of Contents: https://www.psmarketresearch.com/enquiry-form.php?enqid=222&title=TOC Twotypesofmedicationnon-adherencearefoundinthehealthcareindustry,unintentionalandintentional.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 theirperceptions, and feelings. Basedonthevariousdiseasetypes,theglobalmedicationadherencemarketcanbesegmentedasdiabetes, 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. There are basically two types of approaches used in the medication adherence market, hardware centric offerings and software-only offerings. Further, hardware centric offering can be segmented as devices and packaging. The P&S Market Research. All rights reserved 3 GlobalMedicationAdherenceMarketSize,Share,Development, Growth and Demand Forecast to 2020 devicessegmentincludessmartpillbottle,automatedpilldispenser,electronictray,smartcapandothers. Packagingincludessingledoseandmultidose.Thesoftwarecentricapproachincludesmobilemedication management applications, patient portal, and others.NorthAmericaisthelargestmarketofmedicationadherence.ThemarketdominanceofNorthAmericais attributedtothestringentgovernmentregulationtowardspatientssafetyandwellness,suchasThePatient 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.ThemedicationadherencemarketinEuropeismainlydrivenbytheneedofmedicalmonitoringamong 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 J apan 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, J apan is the largest market of medication adherence in Asia-Pacific region.Browse more healthcare reports at: https://www.psmarketresearch.com/industry-report/healthcare Someofthe majorplayersoperatingintheglobalmedicationadherencemarketinclude,Philips,AdhereTech, CleverCap,Medvantx,ProteusDigitalHealth,MangoHealth,MTSMedicationTechnologies,Med-In-Touch, Adherence Solutions LLC, and Voxiva Inc. P&S Market Research. All rights reserved 4 GlobalMedicationAdherenceMarketSize,Share,Development, Growth and Demand Forecast to 2020 About P&S Market Research P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.With the help of our professional corporate relations with various companies, our market research offers the most accuratemarketforecasting.Ouranalystsandconsultantsinteractwithleadingcompaniesoftheconcerned domaintosubstantiateeverysingledatapresentedinourpublication.Ourresearchassistsourclientin identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions. Contact: P&S Market Research 347, 5th Ave. #1402 New York City, NY - 10016 Toll-free: +1-888-778-7886 (USA/Canada) Email: enquiry@psmarketresearch.com Web: https://www.psmarketresearch.com