Connected Drug Delivery Devices Market Size By End User, By Region 2021 | Overview, Growth, Economics, Demand And Forecast Research Report To 2027
A
comprehensive overview of the Connected
Drug Delivery Devices Market is recently added by UnivDatos Market Insights
to its humongous database. The Connected Drug Delivery Devices market report
has been aggregated by collecting informative data of various dynamics such as
market drivers, restraints, and opportunities. This innovative report makes use
of several analyses to get a closer outlook on the Connected Drug Delivery
Devices market. The Connected Drug Delivery Devices market report offers a
detailed analysis of the latest industry developments and trending factors in
the market that are influencing the market growth. Furthermore, this
statistical market research repository examines and estimates the Connected
Drug Delivery Devices market at the global and regional levels. The Global Connected Drug
Delivery Devices Market was valued at 219 million in 2020 and is expected to grow at a CAGR of 25.7% by 2027.
Market Overview
The
Global Connected Drug Delivery Devices Market is booming due to increasing
penetration of the Internet of Things (IoT) in the healthcare devices,
increasing focus on patient compliance, quality of healthcare, rising awareness
of costs, increasing use of self-administered drugs, rising healthcare
programs, and initiatives to spread the connected drug delivery devices’
awareness. For example, Propeller Health company has conducted around 60
connected medical programs to spread awareness of connected drug delivery
devices. The company provides add-on devices for inhalers that are synchronized
with the patient’s software for the analysis of symptoms and diseases.
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COVID-19 Impact
Due to
COVID-19, each industry across the world is affected and its long-term effects
are going to influence the growth of the industry in the upcoming period. During the Covid-19 pandemic, the
market is experiencing significant growth on account of the increasing demand
for drug delivery solutions to be used at home.
Furthermore, the market is expected to observe enormous growth because
of the increase in focus on improving patient compliance and quality of care, raising
the awareness of associated costs, and increasing the use of self-administered
therapy.
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Global Connected Drug Delivery Devices Market report is studied
thoroughly with several aspects that would help stakeholders in making their
decisions more curated.
By Product, the market is primarily bifurcated into
· Connected Inhaler Sensors
· Connectable Injection Sensors
Integrated Connected Devices
·
Connected Inhaler Devices
·
Connected Injection Devices
Based on
Product, the Connected sensors segment dominated the global Connected Drug
Delivery Devices market and is expected to grow at a noteworthy CAGR of XX% to
reach a market value of US$ XX billion by the year 2027.
By Technology, the market is primarily segmented into
·
Bluetooth
·
Near-field communication (NFC)
·
Other Technologies
Amongst Technology,
Bluetooth accounted for the largest share in 2020 and is expected to grow at a
significant CAGR of XX% during the forecast period 2021-2027.
By End-User, the market is primarily segmented into
· Healthcare
Providers
· Homecare
· Hospitals
· Other
end-users
Amongst End-users,
Homecare accounted for the largest share in 2020 and is
expected to grow at a significant CAGR of XX% during the forecast period 2021-2027.
Connected Drug Delivery Devices Market Geographical Segmentation Includes:
·
North America (United States, Canada,
Rest of North America)
·
Europe (Germany, United Kingdom,
Italy, France, Spain, and Rest of Europe)
·
Asia-Pacific (China, Japan, India, Australia,
and Rest of Asia-Pacific)
·
Rest of the World
North
America is dominating the Connected Drug Delivery Devices market in 2020 and is
anticipated to maintain its dominance during the forecast period.
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The
major players targeting the market includes
· Propeller Health (Reciprocal Labs Corporation)
· Proteus Digital Health
· BIOCORP
· Merck KGaA
· Adherium Limited
· West Pharmaceutical Services, Inc.
· Aterica Digital Health
· Phillips Medisize
·
FindAir
·
Teva
Pharmaceutical Industries Ltd
Competitive Landscape
The degree of competition among prominent global companies has been
elaborated by analyzing several leading key players operating worldwide. The
specialist team of research analysts sheds light on various traits such as
global market competition, market share, most recent industry advancements,
innovative product launches, partnerships, mergers, or acquisitions by leading
companies in the Connected Drug Delivery Devices market. The major players have
been analyzed by using research methodologies for getting insight views on
global competition.
Key questions resolved through this
analytical market research report include:
·
What are the latest trends, new
patterns, and technological advancements in the Connected Drug Delivery Devices
market?
·
Which factors are influencing
the Connected Drug Delivery Devices market over the forecast period?
·
What are the global challenges,
threats, and risks in the Connected Drug Delivery Devices market?
·
Which factors are propelling
and restraining the Connected Drug Delivery Devices market?
·
What are the demanding global
regions of the Connected Drug Delivery Devices market?
·
What will be the global market
size in the upcoming years?
·
What are the crucial market
acquisition strategies and policies applied by global companies?
We understand the
requirement of different businesses, regions, and countries, we offer
customized reports as per your requirements of business nature and geography. Please
let us know If you have any custom needs.
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