According to IMARC Group’s latest report, titled “Connected Drug Delivery Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global connected drug delivery devices market exhibited robust growth during 2015-2020. Connected drug delivery devices refer to smart wireless electronic systems that are used for administrating various drugs. They are equipped with dose reminders, adherence trackers, sensors, and examining tools to provide instant feedback for personalized patient care. As a result, these devices are commonly used for treating and managing various diseases, such as diabetes, hepatitis C, hypertension, multiple sclerosis, and clinically isolated syndrome.
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The global market is primarily being driven by the growing importance of preventive care. Furthermore, connected drug delivery devices aid in reducing dosing errors improving, as well as patient adherence and outcomes, which, in turn, is fueling their demand. In addition, the widespread adoption of networked electronic health records (EHR) in hospitals and laboratories is stimulating the market growth. Some of the other factors, including the rising preference for connected devices, the growing prevalence of chronic diseases, and the rising geriatric population, are projected to drive the market growth in the upcoming years. Looking forward, IMARC Group expects the connected drug delivery devices market to grow at a CAGR of around 40% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
Adherium Ltd.
BioCorp Production
Cohero Health Inc. (AptarGroup Inc.)
Elcam Medical ACS. Ltd
Findair Sp. z o. o.
Merck KGaA
Phillips Medisize (Molex LLC)
Propeller Health (Resmed Inc.)
Teva Pharmaceutical Industries Ltd.
West Pharmaceutical Services Inc.
Market Segmentation:
Breakup by Product:
Connected Sensors
Connected Inhaler Sensors
Connectable Injection Sensors
Integrated Connected Devices
Connected Inhalation Devices
Connected Injection Devices
Breakup by End User:
Hospitals and Healthcare Providers
Homecare
Breakup by Technology:
Bluetooth
NFC
Others
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
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