Medication Adherence Market - Global Industry Size & Research Report Medication Adherence Market | Page 3

Medication Adherence Market
Insights on market segments
In terms of product type, the medication adherence market has been
categorized as software centric and hardware centric, where software
centric occupied a larger share in the global market in 2016. Hardware
centric products are projected to register faster growth during the forecast
period, at a CAGR of 13.1%. This is substantiated by the fact that the major
players in the market are focused on launching hardware centric products,
such as Smart Wireless Pill Bottles by AdhereTech, Inc., and HealthAssist
Watch by Adherence Solutions, LLC, that improve and track adherence in
real time. By medication, the medication adherence market is predicted to
be led by demand for the products used for compliance in cardiovascular
diseases, both in terms of size and growth. The leading position of the
category is due to the increasing cases of cardiovascular diseases across the
globe. As per the 2015 global data from WHO, out of 17.7 million deaths
caused by cardiovascular diseases, approximately 7.4 million deaths were
due to coronary heart disease and 6.7 million were due to stroke.