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Smart Medicine Bottle Market is estimated to grow at a CAGR of 9.9%. within the forecast period of 2023-2030 : Cognitive Market Research
Smart Medicine Bottle Market is estimated to grow at a CAGR of 9.9%. within the forecast period of 2023-2030 : Cognitive Market Re
A smart medicine bottle is a device that detects when the container is opened and calculates the number of pills or amount of liquid remaining. The data is wirelessly transferred to the cloud, where a patient can be alerted by phone, text message, or email. A flashing light and sound from the bottle itself might also serve as a reminder to patients. In this way, these bottles automatically detect when the bottle is opened and record the dose as "taken" if a planned dose is present.
Summary:
The smart medicine bottle market is expected to grow from USD 131.53 million in 2021 to USD 307.62 million by 2030, at a CAGR of 9.9%. The smart medicine bottle market is driven by the growing inclination towards medication adherence and the integration of technologies. It is high in demand in the North American region.
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Market Dynamics
Treatment adherence is a major factor in treatment success. Failure to adhere is a severe issue that impacts not just the patient but also the health care system. Medication nonadherence in patients results in significant disease progression, mortality, and higher healthcare expenses. As a result of their busy schedules, patients frequently forget to take their medications. This raises the demand for smart medicine bottles
However, these smart medicine bottles are sometimes complex to use. It needs training to use these bottles. This factor can hamper the growth of the market. Nevertheless, the usage of alarms, timers, GPS tracking systems, artificial intelligence, and others are expected to provide enormous opportunities for the growth of the smart medicine bottle market.
Market Segmentation:
• Based on the type android has dominated the market due to the rising usage of android smartphones.
• Based on the application home use segment dominated the smart medicine bottles market as a number of patients have to take their medicines on a daily or hourly basis. In these conditions, smart medicine bottles allow them to take medicine on time.
Type: IOS System, Android System
Application: Hospital and Clinic,Home Use
The Major Players: Pillsy, Euclid mHealth,SMRxT,AdhereTech, IMC, NousLogic, Medikyu, DoseSmart, TimerCap
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Regional Analysis:
Geographically, the global smart medicine bottle market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. North America dominates the smart medicine bottle market owing to the rising adoption of technologies, growing disease prevalence, and growing healthcare automation.
News:
• In June 2021, AdhereTech has established a strategic alliance with the AARDEX Group of Belgium, the world leader in medication adherence solutions. The partnership will connect AARDEX's unique Medication Event Monitoring System (MEMS) with AdhereTech's Smart Adherence System, which includes the AdhereTech Smart Pill Bottle. This device facilitates a constant link between trial organizers and their patients, assuring regulated dosing behavior and prompt intervention when needed.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Smart Medicine Bottles Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Global Smart Medicine Bottles Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling
Chapter 8 Global Smart Medicine Bottles Market by Type Segmentation Analysis (2018-2030)
• 8.1 Detailed Qualitative Analysis
• 8.2 Global Smart Medicine Bottles Revenue and Market Share (%) by Type (2018-2030)
8.2.1 IOS System
8.2.1.1 Global IOS System Market Size Revenue (USD Million) for 2018-2030
8.2.2 Android System
8.2.2.1 Global Android System Market Size Revenue (USD Million) for 2018-2030
Chapter 9 Global Smart Medicine Bottles Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Smart Medicine Bottles Market Regional Analysis
Chapter 11 North America Smart Medicine Bottles Market Development Status and Opportunities
Chapter 12 Europe Smart Medicine Bottles Market Development Status and Opportunities
Chapter 13 Asia Pacific Smart Medicine Bottles Market Development Status and Opportunities
Chapter 14 Latin America Smart Medicine Bottles Market Development Status and Opportunities
Chapter 15 Middle East and Africa Smart Medicine Bottles Market Development Status and Opportunities
Chapter 16 Research Findings
To know more The Smart Medicine Bottle market TOC click here: https://www.cognitivemarketresearch.com/smart-medicine-bottles-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research:
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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