Many drug delivery device manufacturer are combining their medical devices or drug-delivery systems with connected capabilities like Bluetooth, Near Field Communication (NFC), and other technologies to boost patient compliance and innovate new products. Thus, connected drug delivery devices are game changers in therapeutics.
The connected drug delivery devices market is anticipated to grow during the forecast period owing to key factors such as growing patient connectivity and engagement, and increasing patient awareness about adherence to prescribed therapies. However, high cost of such devices and the concern of cybersecurity restrain the growth of the market.
(**Note: The sample of this report is updated with COVID-19 impact analysis**)
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Top Leading companies like
Phillips-Medisize , West Pharma, Aterica Inc. , Panasonic Corporation, BIOCORP, Merck KGaA, Propeller Health, Proteus Digital Health, Adherium Limited, and Qualcomm Technologies, Inc. among others.
Report Introduction, Overview, and In-depth industry analysis
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
North America is expected to contribute to the largest share in the connected drug delivery devices market in the forecast period, due to presence of large number of market players in the U.S. and growing efforts by the key market players to enhance their product portfolio, rapid adoption of latest medical technologies and devices, high per capita healthcare expenditure, and growing awareness regarding the side effects of non-adherence to medication. However, Asia Pacific region is expected to be the fastest growing region owing to the increasing incidences of chronic diseases, large patient population, and rising per capita animal health expenditure in this region and increased preference for smart technology devices by the patients drives the market growth in this region.
The global connected drug delivery devices market is segmented on the basis of product, technology and end user. Based on product, the connected drug delivery devices market is segmented as connected sensors, integrated connected devices. Based on technology, the connected drug delivery devices market is segmented as Bluetooth, NFC, and other. On the basis of end user the connected drug delivery devices market is segmented as healthcare providers, and home care.
The report is a combination of qualitative and quantitative analysis of the Connected Drug Delivery Devices industry. The global market majorly considers five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SACM). The report also focuses on the exhaustive PEST analysis and extensive market dynamics during the forecast period.
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