Connected Drug Delivery Devices Market Size US$ 3,517.0 Million, Growth Rate (CAGR) of 33.6% and Forecast 2023-2028

According to IMARC Group’s latest report, titled “Connected Drug Delivery Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global connected drug delivery devices market size reached US$ 652.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,517.0 Million by 2028, exhibiting a growth rate (CAGR) of 33.6% during 2023-2028.

Connected drug delivery devices refer to smart wireless electronic systems that support patient supervision and counseling in home settings. They are equipped with dose reminders, adherence trackers, sensors, and monitoring tools to provide instant feedback and education tools for personalized sufferer care. Connected drug delivery devices are convenient and save costs associated with clinic-based treatment. Consequently, they are widely utilized in the remote monitoring of patients with asthma, diabetes, hepatitis C, hypertension, tuberculosis, clinically isolated syndrome, multiple sclerosis, chronic obstructive pulmonary disease (COPD), and liver and renal transplant recipients.

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Connected Drug Delivery Devices Market Trends:

The increasing expenditure on medical management and the rising need to improve patient treatment outcomes are primarily augmenting the connected drug delivery devices market. Furthermore, the shifting preferences of consumers toward home-based supervision are positively influencing the global market. Apart from this, the inflating number of individuals suffering from chronic diseases and the growing focus on preventive care are acting as significant growth-inducing factors. Moreover, the widespread adoption of these devices in hospitals and laboratories for maintaining electronic health records (EHR) is also bolstering the market growth. Besides this, numerous manufacturers are offering devices that can connect to apps and programs, allow data transfer, enable automated tracking, and maximize sufferer safety, which is further catalyzing the global market. Additionally, the escalating demand for these devices in biopharma companies, as they provide access to real-time patient data for determining adherence improvement outcomes to regulators, payers, and sufferers, is expected to drive the connected drug delivery devices market in the coming years.

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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the 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.

Key Market Segmentation:

The report has categorized the market based on product, end user, technology and region.

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, South Africa, Others)

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Key Highlights of The Report:                                                    

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Related Reports by IMARC Group:

Apoptosis Assay Market Report
Stroke Management Market Report

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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