Connected Drug Delivery Devices Market:
The GMI Research forecasts that the connected drug delivery devices market is witnessing an upsurge in demand during the forecast period. This is mainly due to growing patient engagement and connectivity due to the rising penetration of the Internet of Things in the medical devices industry.
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Connected Drug Delivery Devices Market ’s leading Manufacturers:
- Phillips-Medisize
- West Pharmaceutical Service
- Biocorp Production SA
- Aterica
- Unilife Corporation
- Panasonic
- Propeller Health
- Qualcomm Technologies
- Bayer AG
- 3M Company
Connected Drug Delivery Devices Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The global connected drug delivery devices market is projected to experience strong demand over the coming years. This is attributed to the growing patient engagement and connectivity due to the rising penetration of the Internet of Things in the medical devices sector. Moreover, the rising geriatric population, growing preference for connected injectable drug delivery, and increasing cases of chronic disease are the major factors surging the growth of the global connected drug delivery device market in the upcoming years. Furthermore, the launch of the monitoring device, cloud-based computing models, advancement in healthcare IT, and the proliferation of mobile health applications are some other drivers fuelling the growth of the connected drug delivery devices market. Additionally, the growing adoption of electronic technology in healthcare devices, followed by effective drug delivery devices in treatment procedures, will propel the market growth.
The rising prevalence of asthma, diabetes, and COPD will bring various new growth opportunities for the market in the upcoming years. The rise in the usage of self-administration of drugs via connected drug delivery devices and growth in the penetration of artificial intelligence technology and big data analytics, particularly for real-time decision making to manage medication, will further accelerate the market growth. Moreover, the increasing awareness associated with the ill effects of non-adherence is further augmenting the growth of the market. Awareness related to the benefits of connected systems over conventional systems is another factor that will have a positive influence on the demand of the market, thus propelling the market in the upcoming years. On the other hand, the factors hindering the growth of the market include limited awareness among patients associated with the latest technology, inadequate reimbursement policies in developing countries, and cost containment.
Connected Drug Delivery Devices Market Segmentation:
Segmentation by Product Type:
- Inhalation Devices
- Solid Dosage Forms Devices
- Injectable Devices
- Handheld Injectable Devices
- Wearable Injectable Devices
Segmentation by Technology:
- Bluetooth
- Near Field Communication
- Others
Segmentation by End-User:
- Hospitals
- Ambulatory Surgical Centers
- Homecare Settings
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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