Connected Drug Delivery Devices Market by Type (Injectable, Inhalation Devices), by Technology (Bluetooth, NFC, Others), by End-use (Homecare, Hospitals): Global Opportunity Analysis and Industry Forecast, 2023-2032

The global connected drug delivery devices market size was $290.3 million in 2021, and is projected to reach $2.1 billion by 2030, growing at a CAGR of 24.3% from 2023 to 2032.

In residential settings, connected drug delivery devices are smart wireless electronic systems that facilitate patient monitoring and counselling. They are equipped with sensors, adherence trackers, dose reminders, monitoring systems, and teaching tools that provide real-time feedback and tailored patient care. They are more affordable and more practical than care received in a clinic. As a result, connected drug delivery devices are frequently used in the remote monitoring of patients suffering from conditions like asthma, diabetes, hepatitis C, hypertension, tuberculosis, multiple sclerosis, clinically isolated syndrome, chronic obstructive pulmonary disease (COPD), and those who have received kidney and liver transplants.

Concerns about patient treatments and data security, though, may limit the sector's ability to expand. A breach in data protection could result in the serious loss of information including medical records, insurance IDs that may contain social security and bank information, medical facts, and location. As a result, the manufacturer of medical devices may experience a loss in reputation. Hospitals and patients may be gravely endangered by threats to cyber security. Such significant and serious dangers associated with medicine delivery device solutions may result in a decline in market revenue within the predicted time frame.
It has been found that networked drug delivery systems can help physicians track patients' adherence to prescribed therapies and modify a patient's care as necessary. An increase in efforts to raise awareness about the problems caused by under- or overdose on pharmaceuticals is predicted to hasten the adoption of linked drug delivery systems. As a result, the market is anticipated to grow as awareness of the detrimental effects of non-adherence increases demand for linked medication delivery devices. Additionally, rising consumer awareness of connected systems' advantages over traditional systems is anticipated to boost product demand, which will ultimately fuel the market's revenue growth throughout the forecast period.

Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Connected Drug Delivery Devices manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Connected Drug Delivery Devices market covering all its essential aspects.

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Global Connected Drug Delivery Devices Market: Segmentations

Global Connected Drug Delivery Devices Market: By Key Players
Bayer AG
Propeller Health
West Pharmaceutical Services, Inc
3M Company
OPKO Health
Sagentia (Science Group)
Cohero Health
Care TRx
CeQur SA
Biocorp Production SA

Global Connected Drug Delivery Devices Market: By Types
Inhalation Devices
Injectable Devices

Global Connected Drug Delivery Devices Market: By Applications
Hospitals
Clinics
Home Care

Global Connected Drug Delivery Devices Market: Regional Analysis
The countries covered in the regional analysis of the Global Connected Drug Delivery Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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COVID-19 Impact on Connected Drug Delivery Devices Industry
• For individuals with severe respiratory diseases, the COVID-19 pandemic has produced a respiratory state of emergency and placed a tremendous load on the healthcare system. By reducing unneeded in-person office and ER trips, enhancing engagement and general health, and facilitating more direct communication between patients and their doctors, digital health, telemedicine, and remote monitoring are making it possible to keep these patients safer in their homes.

• Telehealth and remote monitoring are quickly replacing current standards of care and adding new value. For the purpose of lowering health care costs while enhancing patient management, it is crucial to continuously expand telehealth and remote monitoring services, particularly for solutions for respiratory ailments.

Reasons to Get this Report:
The analysis covers global market and its advancements across different industry verticals as well as regions. It targets estimating the current market size and growth potential of the global market across sections such as also application and representatives.

In an insight outlook, this research report has dedicated to several quantities of analysis - industry research (global industry trends) and global market share analysis of high players, along with company profiles, and which collectively include about the fundamental opinions regarding the market landscape; emerging and high-growth sections of global market; high-growth regions; and market drivers, restraints, and also market chances.

Additionally, the analysis also has a comprehensive review of the crucial players on the global market together side their company profiles, SWOT analysis, latest advancements, and business plans.

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