Electronic Drug Delivery Systems Market Size, Glorious Opportunities, Business Growth, Size and Statistics Forecasts

Electronic drug delivery systems market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 8.9% in the forecast period of 2022 to 2029 and expected to reach USD 16,139.89 million by 2029.
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Market Overview:
• Electronic drug delivery systems are basically electronically enabled, smart drug delivery devices are well suited to home care settings. These devices add value to outdated instruments and increase ease of administration, suitability, and movability.
• The rise in the prevalence of target diseases is the major factor accelerating the growth of the electronic drug delivery systems market. Furthermore, the favorable reimbursement scenario in major markets, rapid advancements in technologies and designs, rise in the prevalence of various chronic disorders and increase in geriatric patient pool are also expected to drive the growth of the electronic drug delivery systems market. However, the strong initial spending on research and development and stringent regulations restrains the electronic drug delivery systems market, whereas, the unfavorable reimbursement structure in developing countries will challenge market growth.
• In addition, increasing healthcare expenditure, and high demand for biologics and mabs will create ample opportunities for the electronic drug delivery systems market.
Market Scope and Size:
The electronic drug delivery systems market is segmented on the basis of type, component, connectivity, system type, application, and end user.
• On the basis of type, the market is segmented into electronic infusion pumps, electronic injection pens, electronic auto-injectors, electronic inhalers, electronic capsules, and others.
• On the basis of component, the market is segmented into sensors, wireless communicator and antennas, micro pumps and flow regulators, drug reservoir, microcontroller and others.
• On the basis of connectivity, the market is segmented into bluetooth low energy (BLE), Wi-Fi, ethernet, NB-IoT, and others.
• On the basis of system type, the market is segmented into battery-powered systems and rechargeable systems.
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