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Connected Drug Delivery Devices Market Size Overview by Industry Trends, Share, Growth Factor and Analysis to 2026
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/connected-drug-delivery-devices-market-100380
On the basis of region, in 2018 North America accounted for a considerable share in the global market. The region is expected to keep exhibiting impressive growth through the forecast period 2019-2026. The high presence of key market players, gives North America edge over other regional markets for connected drug delivery. Moreover, technological advancements in drug delivery devices is anticipated to contribute towards market expansion. Europe is projected to emerge as one of the lucrative markets. The region is witnessing high demand for home treatment. Furthermore, favorable reimbursement policies will drive the market in the region.
Key Segmentation:
By Product Type
o Sensors
o Integrated devices
By Application
o Diabetes
o Multiple Sclerosis
o Asthma and COPD
o Hypertension
By End User
o Home Care Settings
o Hospitals
o Surgical Centers
o Others
By Geography
o North America (USA and Canada)
o Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
o Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
o Latin America (Brazil, Mexico and Rest of Latin America)
o Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Besides this, the Asia Pacific connected drug delivery devices market is likely to witness lucrative growth prospects. Owing to the high prevalence of chronic disorders in the region, the market is likely to witness a steep growth. The increasing healthcare expenditure in the region is further expected to contribute towards the market growth.
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Technological Advancements in Devices to Aid Market Expansion
Factors expected to drive the global market include advantages of the devices such as reimbursement evidence, better dose measurement, and efficient monitoring of the patient. Moreover, recent innovations in connected drug delivery devices are expected to fuel the demand in the market.
In 2018, the U.S. Food and Drug Administration, approved Companion Medical's new product, InPen. The system includes a special insulin pen enabled with diabetes management mobile app. Such advancements are expected to contribute towards the market expansion.
On the flip side, threats to data privacy associated with devices is a factor that may restrain the global connected drug delivery devices market to a certain extent. Additionally, high cost associated with these devices is a factor that might hamper the growth in the market.
Some of the Main Key Players Covered in the Report:
o Propeller Health
o Cohero Health Inc.
o AliveCor, Inc.
o Teva Pharmaceutical Industries Ltd.
o Phillips-Medisize, Medtronic
o 3M
o Proteus Digital Health, Inc
o West Pharmaceutical Services, Inc
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