5 March 2019: Adherence
Monitoring Cap Market is expected to grow significantly in the
near future owing to the increasing geriatric population. Adherence monitoring
caps are designed for the geriatric population who require reminders for
medicinal dosage. The caps also offer visual detectability and are highly
effective products for all the patients. They are integrated with microcircuits
that record time & date every time the patient opens a container. The
wireless cap transfers medicating data when used with the cap reader.
The market is driven by ageing population, government
agencies that are enforcing stringent regulations on packaging. In addition,
the increasing public interest for smart packaging is expected to boost the
market in the years to come. On the global scale, the average age of population
is rising and hence the coming decade will witness a rise in demand for highly
effective medication products, thereby driving adherence monitoring cap market.
Moreover, market is also driven by changing consumer choice towards smart
devices. However, lack of awareness and high price of the product are expected
to obstruct the growth of the market.
Read the full report:
https://www.millioninsights.com/industry-reports/adherence-monitoring-cap-market/request-sample
Adherence Monitoring
Cap Market by Geographical Regions:-
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
The market is categorized on
the basis of type, end user, sales channel and geography. On the basis of type,
market is divided into liquid dispenser and capsule dispenser. Capsule
dispenser segment is expected to lead the market in the coming years due to its
growing acceptance and higher efficiency. Based on end user, market is split
into food industry, pharmaceutical industry and health supplements. Medical
industry is predicted to register a substantial growth due to the growth in
geriatric population.
Geographically, market is
segmented as North America, Latin America, Europe, Asia Pacific and Middle East
& Africa. North America is expected to dominate the market owing to the
increase in population especially elderly population. The key players in
adherence monitoring cap market are etectRx, Vitality, Inc. and WestRock
Company.
For detailed
Information of Market Dynamics, Size, Trends, Visit our report at: https://www.millioninsights.com/industry-reports/adherence-monitoring-cap-market
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