The Connected Drug Delivery Devices Market report offers insights into the latest trends. It highlights leading companies in the market and discusses the strategies that these companies have adopted in recent years. Additionally, the report encompasses several factors that have contributed to the growth of the market in recent years.
The global “connected drug delivery devices” market size is projected to reach USD 4,062.7 million by 2026, exhibiting a CAGR of 35.4% during the forecast period. However, the market size was USD 361.1 million in 2018. This information is published in a recent report by Fortune Business Insights, titled, “Connected Drug Delivery Devices Market Size, Share and Industry Analysis, By Type (Injectable Devices and Inhalation Devices and Others) By Technology (Bluetooth, NFC, and Others) By End User (Homecare Settings and Hospitals) and Regional Forecast, 2019-2026.” As per the report, a rising incidence of diabetes, COPD, and asthma are anticipated to boost the connected drug delivery devices market growth in the coming years.
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Key Players Operating in The Connected Drug Delivery Devices Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
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Highlights of the Report:
Increasing Demand for Digital Medical Devices to Favor Growth in Europe
North America had generated USD 253.0 million connected drug delivery devices market revenue in 2018. The region is anticipated to lead the market throughout the forthcoming years. Strategic collaborations, existence of major players, increasing healthcare expenditure, and well-established infrastructure are some of the most significant drivers of the market in this region. Europe is experiencing a rising demand for digital medical devices as well as a higher adoption of connected drug delivery devices on account of an urgent requirement to improve the patient experience.
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Asia Pacific is showcasing a rise in the number of awareness programs regarding the cost benefits of connected drug delivery devices. It is also exhibiting an increasing adoption of innovative medical technology. These factors are set to create high growth opportunities.
Rising Emphasis on Preventive Care of Chronic Diseases to Propel Growth
A rising incidence of chronic diseases across the world is creating more opportunities for the connected drug delivery devices market growth. In 2016, the Global Burden of Disease Study mentioned that the prevalence of COPD went up by approximately 14.7 percent between the period of 1990 to 2015. Besides, connected drug delivery devices possess various novel benefits. So, people are rapidly inclining towards them by replacing the manual devices.
Moreover, an increasing focus on preventive care of chronic disorders is likely to contribute to the market growth in the coming years. The Lancet Respiratory Medicine, for instance, had published a study in 2015 that highlighted that in New Zealand, the adoption of smart inhalers grew up to 84.0 percent amongst asthmatic children from 2014 to 2015.
Detailed Table of Content:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4.1. Technological advancements in Connected Drug Delivery Devices Market
4.2. Recent Industry Developments- Partnerships, Mergers, And Acquisitions
4.3. New Product Launches by Key Players
4.4. Regulatory Scenarios
4.5. Trends of Usage of Connected Drug Delivery Devices
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast By Type
5.2.1. Injectable Devices
5.2.2. Inhalation Devices and Others
5.3. Market Analysis, Insights and Forecast By Technology
5.3.1. Bluetooth
5.3.2. NFC (Near Field Communication)
5.3.3. Others
5.4. Market Analysis, Insights and Forecast By End User
5.4.1. Homecare Settings
5.4.2. Hospitals
5.5. Market Analysis, Insights and Forecast By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia pacific
5.5.4. Rest of the World
TOC Continued….
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Connected Drug Delivery Devices Market 2020 – 2026, Details in Relation to the Value, Supply Chain Analysis and Recent Technological Developments