The wireless technology, especially mobile phones, are increasingly being utilized across the globe. The rising usage of mobile phones has made life easier on a lot of fronts. Communication has become easier, and now with the smart phones, people can almost do everything they can do with their computers via smartphones. In 2020, about 3.5 billion people are using smartphones, which is about 45% of the world’s population owing a smartphone. In addition to this, the total number of people across the globe who own a smart and feature phone is 4.78 billion, which is approximately 61% of the world’s population.
These days mobile phones, and other devices including personal digital assistances and patient monitoring devices, are also being utilized for medical and public health practices, which is also called mHealth. As per the United Nations Food and Drug Administration, about 500 million people around the world were utilizing personal healthcare applications in 2015, which was projected to grow to over 1 billion in 2018. A major application of mHealth is medication adherence, which is the degree to which the person’s behavior corresponds to the agreed recommendations from healthcare providers. Poor adherence to the prescribed regimens can lead to serious healthcare consequences. Attributed to this, the medication adherence market size is projected to witness significant growth in the coming years.
Medication adherence products are both software and hardware centric. In the past, software centric medication adherence products, including mobile apps, various web portals, and could based application, were more in demand in the past. However, the demand for hardware centric medication adherence products, including devices and packaging, are expected to advance considerably in the coming years. The reason for this is the growing focus of companies in the medication adherence market on launching hardware centric products including HealthAssist Watch by Adherence Solutions LLC, and Smart Wireless Pill Bottles by AdhereTech Inc.
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Hence, the demand for medical adherence is growing due to the rising penetration of mobile devices.
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These days mobile phones, and other devices including personal digital assistances and patient monitoring devices, are also being utilized for medical and public health practices, which is also called mHealth. As per the United Nations Food and Drug Administration, about 500 million people around the world were utilizing personal healthcare applications in 2015, which was projected to grow to over 1 billion in 2018. A major application of mHealth is medication adherence, which is the degree to which the person’s behavior corresponds to the agreed recommendations from healthcare providers. Poor adherence to the prescribed regimens can lead to serious healthcare consequences. Attributed to this, the medication adherence market size is projected to witness significant growth in the coming years.
Medication adherence products are both software and hardware centric. In the past, software centric medication adherence products, including mobile apps, various web portals, and could based application, were more in demand in the past. However, the demand for hardware centric medication adherence products, including devices and packaging, are expected to advance considerably in the coming years. The reason for this is the growing focus of companies in the medication adherence market on launching hardware centric products including HealthAssist Watch by Adherence Solutions LLC, and Smart Wireless Pill Bottles by AdhereTech Inc.
Pre-Purchase Inquiry at: https://www.psmarketresearch.com/send-enquiry?enquiry-url=medical-adherence
Hence, the demand for medical adherence is growing due to the rising penetration of mobile devices.
This study covers
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
- Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
- Major players operating in the market and their service offerings
- Recent strategic developments by the major players in the market
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