2021-2030 Analysis and Review Pill Organizer Market
Pill Organizer Market by Application (Prescription Medication, OTC Medication and Others) by Distribution Channel (Hospital Pharmacy, Homecare and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2027
The pill organizer market was valued at USD 602.0 Mn by 2019. Rising prevalence of chronic illness requiring daily medication primarily drives the pill organizer market growth. Furthermore, the effective implementation of the treatment regimen for managing non-communicable diseases and growing public health awareness pertaining to strict adherence to prescribed medicines together increase the demand for pill organizers.
Pill organizer is a multicompartment box which is widely used by patients throughout the globe for storing the scheduled doses of life-saving drugs. Stress, unhealthy eating habits, sedentary lifestyle has increased the healthcare burden associated with chronic lifestyle diseases led to the burgeoning requirement of pill organizers to plan the daily intake of medicines.
The major segments related to the pill organizer market are:
By Application (2017–2027; US$ Mn)
Prescription Medication
OTC Medication
Others
By Distribution Channel (2017–2027; US$ Mn)
Hospital Pharmacy
Homecare
Others
Geography Segment (2017–2027; US$ Mn)
North America
U.S.
Canada
Europe
United Kingdom
Germany
Russia
France
Italy
Spain
Ukraine
Rest of Europe
Asia Pacific
China
Japan
Rest of Asia Pacific
Latin America (LATAM)
Brazil
Mexico
Rest of Latin America
Middle East and Africa (MEA)
GCC
Rest of MEA
Justification for study?
Report gist?
The study includes the profiles of major market players with a significant global and regional presence along with top company positioning.
Significant customers?
Segment Analysis
Prescribed medicines are ruling the application segment for the pill organizer market. As per the latest statistics provided by the World Health Organization (WHO), the prevalence rate associated with non-communicable diseases is said to reach 57% by the year 2020. The looming threat of microbial resistance and effective implementation of treatment guidelines regarding the management of infectious diseases across the globe together increases the demand for pill organizers. Additionally, the daily intake of medicines for patients suffering from autoimmune diseases will further consolidate the share of prescribed medicines in the pill organizer market. Over the counter (OTC) products are going to witness sturdy market growth in the near future on account of the flourishing generic drugs market and proactive expansion by supermarket chains worldwide in providing non-prescribed medicines at attractive discounts. Access to smart mobiles and positive marketing strategies adopted by the nutraceutical segment has led to the demand for pill organizers by health enthusiasts to plan their daily intake of dietary supplements to fortify their immune system.
Hospital pharmacy is reigning the distribution channel segment for the pill organizer market. The constant rise in the number of inpatient visits to primary health care centers worldwide for receiving medications for treating chronic illnesses such as cardiovascular disease, diabetes, thyroid diseases, etc. Homecare is expected to registered exemplary market growth during the forecast period on account of the increasing demand for personalized medications and increasing public health awareness regarding strict compliance to prescribed medications on a daily basis.
North America is representing the largest market share in the geography segment for the pill organizer market. Rising prevalence of chronic illness requiring daily medications primarily drives the market growth in the region. As per the recent statistics presented by the Center for Disease Control and Prevention (CDC), approximately 40% of the American population is suffering from chronic diseases requiring daily medicines. Increasing public health awareness regarding strict adherence to prescribed medications and developed healthcare infrastructure further propel market growth. Europe is considered as the second-largest regional segment for the pill organizer market owing to the domicile of major players such as Philips N.V., DoseSmart, Inc., AdhereTech, etc. The Asia Pacific is anticipated to be the fastest-growing regional segment for the pill organizer market on account of the effective implementation of treatment guidelines requiring prescription of essential medications and increasing disposable income.
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