Connected Drug Delivery Devices Market Segmentation, Opportunities, Forecast 2026
The global connected drug delivery devices market size was $361.1 million in 2018 and is expected to reach $4,062.7 million by 2026, with a CAGR of 35.4% during the forecast period.
Fortune Business Insights latest research report, titled “Connected
Drug Delivery Devices Market: Global Industry Trends, Share, Size,
Growth, Opportunity, and Forecast 2023-2030,” provides a thorough analysis
of the market dynamics, segmentation, growth opportunities, trends, and
competitive landscape to comprehend the present and foreseeable market
conditions. The study provides a variety of market forecasts that take
into account factors such as revenue size, production, CAGR, consumption,
growth opportunities, industry trends and technologies, and other essential
elements. The report provides a comprehensive analysis of the next trends and
developments in Connected Drug Delivery Devices Market, while highlighting the
key driving and restraining forces in this market. The Connected Drug Delivery
Devices Market industry assessment includes the key market trends with respect
to the current situation and anticipated advancements.
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Market Overview:
Here, we examine the current state of the market, including
its size, growth trends, segmentation, industry structure, and the competitive
landscape. Statistical data, graphs, and charts may be included to support our
findings.
In other words, we will provide a comprehensive overview of
the market, including its size, growth trends, segmentation, industry
structure, and the competitive landscape. We will also include statistical
data, graphs, and charts to support our findings.
Major Key Players Are:
- Proteus
Digital Health
- Ypsomed
Holding
- F.
Hoffmann-La Roche Ltd
- BD
- West
Pharmaceutical Services
- Propeller
Health (A ResMed Company)
- Adherium
- Cohero
Health, Inc.
Key Highlights:
·
Connected drug delivery devices offer features
like adherence tracking, dosing reminders, and patient diaries to support
patient care in conditions such as asthma, COPD, diabetes, and cardiovascular
disorders.
·
Market growth is driven by the adoption of
electronic technology in healthcare devices, the prevalence of chronic
diseases, and increased healthcare expenditure.
·
The adoption of smart inhalers is on the rise,
with significant reductions in hospital visits for patients using
sensor-connected inhalers.
·
The market is segmented into injectable devices
and inhalation devices, with injectable devices dominating due to their
benefits and drug manufacturers' interest in developing smart injectable
devices.
·
Technology segments include Bluetooth, NFC, and
others, with Bluetooth dominating due to its compatibility with smartphones and
other devices.
·
Homecare settings are the primary end user
segment, driven by the need to provide a better patient experience and
increasing prevalence of COPD and asthma.
·
North America is the leading region in the
market, with highly developed healthcare infrastructure and a focus on
preventive care. Europe and Asia Pacific also show growth due to increasing
adoption and demand for digital medical devices.
·
Key players in the market include Adherium,
Propeller Health, Cohero Health, Proteus Digital Health, and others.
·
Market developments include the submission of a
510(k) application by Adherium for their Hailie sensor and the launch of
Lupin's connected smart device, ADHERO, in 2019.
What are the key dynamic factors that are detailed in the
report?
Key Market Dynamics: The Connected Drug Delivery
Devices Market research report covers the most recent market trends, expansion
patterns, and research techniques. The production strategies and methodologies,
development platforms, and the product model themselves are the factors that
directly influence the market's growth, and even a minor adjustment can cause
further changes to the report as a whole. The research study goes into great
detail to explain each of these factors.
Market Outlook: On a regional and international
level, the report discusses some of the key factors, such as R&D, new
product launches, M&A, agreements, partnerships, joint ventures,
collaborations, and growth of the key industry participants.
Major Features: The report analyzes costs, capacity,
production, revenue, consumption, import/export, supply/demand, gross, market
share, CAGR, and gross margin. It also studies key influencing factors and
market inclinations.
Analytical Tools: The Connected Drug Delivery Devices
Market report contains information that has been thoroughly researched and
evaluated about the major players and the scope of their markets using a
variety of analytical tools, such as SWOT analysis, Porter's five forces
analysis, investment return analysis, and feasibility study. These tools have
been used to efficiently study the growth of major industry participants.
Potential Customers: The report provides in-depth
information to users, service providers, suppliers, manufacturers,
stockholders, and individuals who are interested in evaluating or self-studying
this market.
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