Rising Incidence Of Chronic Diseases Fueling Demand For Medication Adherence

By Author: Pramod Kumar
Total Articles: 97
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The rising incidence of chronic diseases is fueling the demand for medication adherence solutions across the globe. This is because the treatment of various chronic diseases usually involves therapeutic intervention and procedures such as the consumption of drugs and any interruptions in the intake of these medications can cause fatal consequences.

There are several causes of chronic diseases including various environmental factors, oxidative stress, and genetic factors. Chronic ailments require proper clinical intervention for their management and treatment. This is attained by adopting patient-centric medication adherence programs. The other major factor propelling the worldwide demand for medication adherence programs is the burgeoning requirement for advanced medication adherence devices around the world. The lack of proper coordination among patients and healthcare professionals severely affects the cost and quality of patient care.

This is because improper coordination causes the fragmentation of medical information such as those pertaining to the medical history, diagnosis, administrative data, and patient ...
... demographics billing. Because of this reason, the requirement for advanced medication adherence and management platforms and programs is growing rapidly across the world.

The hardware-centric device category is further subdivided into smart pill bottles, automated dispensing systems, and electronic trays. Out of these, the automated dispensing systems division registered the highest growth in the medication adherence market during the last few years. Moreover, this category is predicted to register the fastest growth in the market in the forthcoming years. This will be because of the increasing demand for automated dispensing systems by consumers, on account of these devices’ inventory control, user-friendliness, and precision.

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Thus, it can be said with complete confidence that the demand for medication adherence programs will skyrocket all over the world in the coming years, mainly because of the increasing incidence of chronic diseases and the growing usage of advanced medication adherence systems in healthcare facilities around the world.

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.