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Market Research Report

From Aging in Place to Clinical Trials: Lowering Health Care Costs with Medication Adherence

Published by Lux Research Product code 368690
Published Content info 20 Pages
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From Aging in Place to Clinical Trials: Lowering Health Care Costs with Medication Adherence
Published: June 28, 2016 Content info: 20 Pages
Description

Medication nonadherence has a significant negative impact on disease prevention and treatment; from increasing the likelihood of preventable disease progression and hospitalizations to avoidable doctor and emergency room visits, nonadherence can adversely affect patients1 long-term health and increase costs of care. With the rapidly growing elderly population disproportionally affected by this issue, finding ways to promote better adherence can significantly reduce potential complications and allow elderly to independently age in place. In this report, we evaluate the different medication adherence technologies and how they satisfy the needs of the key stakeholders patients, physicians, pharma, and payers.

Through this analysis, we determine that smart delivery technologies stand the best chance of having a positive impact on increasing medication adherence, but still require technology improvements to achieve widespread adoption.

Table of Contents

TABLE OF CONTENTS

EXECUTIVE SUMMARY

LANDSCAPE

  • Key stakeholder groups often have opposing views on medication adherence, fueling the growing problem contributing to more than $290 billion in direct costs in the U.S. alone.

ANALYSIS

  • Smart delivery technologies are leveraging high accuracy and seamless integration into patients1 lives to deliver high-impact solutions for medication adherence monitoring.

OUTLOOK

TABLE OF FIGURES

  • Figure 1: Graphic Historical Timeline of Adherence Monitoring Approaches
  • Figure 2: Table Impact and Usability Scores Are Based on Multiple Parameters
  • Figure 3: Table Criteria for Impact Score Factors
  • Figure 4: Table Scoring for Usability
  • Figure 5: Graphic Top Technologies Sit in the Dominant Quadrant
  • Figure 6: Table Relative Contribution of Individual Parameters to Impact and Usability Scores for Patients
  • Figure 7: Graphic Hardware Solutions Dominate the Field from the Patients1 Perspective
  • Figure 8: Table Relative Contribution of Individual Parameters to Impact and Usability Scores for Physicians
  • Figure 9: Graphic Physicians Prefer Smart Delivery and Smart Packaging Solutions
  • Figure 10: Table Relative contribution of Individual Parameters to Impact and Usability scores for Pharma
  • Figure 11: Graphic Pharmaceutical Companies Place Emphasis on Objective Detection of Medication Consumption
  • Figure 12: Table Relative Contribution of Individual Parameters to Impact and Usability Scores for Payers
  • Figure 13: Graphic Payers Balance Boosts in Adherence Rates with Costs When Evaluating Adherence Technologies
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