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Connected Smart Drug Delivery Systems Market Booming (2024-2028) The Future of Medication

06-05-2024 04:21 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: InsightAce Analytic Pvt.Ltd

/ PR Agency: InsightAce Analytic Pvt.Ltd
Connected Smart Drug Delivery Systems Market Booming

Connected Smart Drug Delivery Systems Market worth $ 7.19 Billion by 2028 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Connected Smart Drug Delivery Systems Market- by Products (Connected Inhalers, Connected Autoinjectors, Connected Needle-Free Injectors, Connected Pen injectors,

Connected Insulin Pumps, Connected Wearable Injectors/Patch Pumps, and Add-On Sensors), Therapeutic Area (Metabolic Disorders, Neurological Disorders, Respiratory Disorders and Others), End-User (Hospitals, Clinics and Homecare), Trends, Industry Competition Analysis, Revenue and Forecast To 2028."

Get a free sample copy of the report: https://www.insightaceanalytic.com/request-sample/1291

Connected Drug Delivery Revolution: A Market Poised for Explosive Growth (2024-2028)

InsightAce Analytics paints a promising picture for the connected innovative medicine delivery systems market. This sector is projected to skyrocket from US$799.3 million in 2021 to a staggering US$7,190.8 million by 2028, reflecting a remarkable CAGR of 37.4%.

Transforming Drug Delivery: Smarter Systems, Better Outcomes
Connected drug delivery systems leverage advanced technology to revolutionize medication administration. These intelligent systems encompass various techniques, formulations, equipment, and technologies for targeted and controlled drug delivery.

Key Benefits of Connected Drug Delivery:

• Minimized Side Effects: Precise targeting reduces the risk of adverse effects associated with traditional drug delivery methods.

• Enhanced Therapeutic Efficacy: Controlled release and targeted delivery improve drug effectiveness.

• Chronic Disease Management: Connected systems offer valuable tools for managing chronic conditions like diabetes, cardiovascular diseases, and respiratory ailments.

COVID-19 Impact: A Catalyst for Innovation
The COVID-19 pandemic has significantly bolstered the demand for contactless drug delivery solutions. This trend is expected to continue, driving the adoption of connected and intelligent devices.

Unlocking Market Growth: A Recipe for Success
Several factors will fuel the expansion of the connected drug delivery market:

• Integration with Digital Healthcare: The growing use of user-friendly digital healthcare platforms creates opportunities for seamless integration with connected drug delivery systems.

• Smart Features: Features like remote tracking, dosage reminders, patient feedback, and educational tools enhance patient engagement and medication adherence.

• Patient-Centric Design: Developing a range of affordable, user-friendly devices catering to specific patient needs will be crucial for market leadership.

• Industry Collaboration: Collaboration between biopharmaceutical companies and healthcare technology providers will accelerate the development and adoption of connected drug delivery solutions.

Market Leaders: A Global Perspective
North America is anticipated to remain at the forefront of the connected drug delivery market throughout the forecast period. Factors like high healthcare spending, rapid technology adoption, and growing awareness of medication adherence are fueling regional growth. Additionally, the Asia Pacific market is expected to witness significant expansion due to increasing competition and potential price reductions.

The Road Ahead: A Connected Future for Drug Delivery
The connected innovative medicine delivery systems market is poised for a transformative journey. As technology advances and patient needs are prioritized, these intelligent systems hold immense potential to revolutionize healthcare delivery, leading to improved patient outcomes and a healthier future.

Major market players operating in the Connected Smart Drug Delivery Systems market include West Pharmaceutical Services Inc., Emperra GmbH E-Health Technologies, Amiko Digital Health Limited, Cognita Labs, DIAMESCO CO., Ltd., Eitan Medical (Q Core Medical Ltd., Avocet Health, Sorrel Medical), Enable Injections, Bigfoot Biomedical Inc., BIOCORP, Elcam Drug Delivery Devices (E3D), Novo Nordisk, Merck, Pneuma Respiratory, H&T Press part, Nemera, Ypsomed Holdings, Unolife Corporation, Quio Technologies, SHL Group, Haselmeier Inc., Portal Instruments Inc, Medtronic Plc,

Companion Medical, Sorrel Medical, Cohero Health, Inc., Propeller Health, Pendiq Intelligent Diabetes Care, Phillips-Medisize, Becton, Dickinson and Company (BD), Noble International Inc, etectRx, Aterica Inc., Findair Sp. z o. o., Recipharm AB, Aero Pump GmbH, Jiangsu Delfu medical device Co., Ltd, and other prominent players.

Recent collaborations and agreements in the market:

• In April 2022, to improve patients' experiences with drug therapy, Pneuma Systems Corporation and West Pharmaceutical Services, Inc. formed a complex commercial relationship. West will develop medicine delivery solutions for pharmaceutical companies and clinical end users using Pneuma's exclusive closed-loop fluid flow control platform.

• In March 2022, recently, Novo Nordisk strengthened its collaboration with Brigham and Women's Hospital and the Massachusetts Institute of Technology (MIT) on oral medicine delivery research (BWH). The partnership will now extend through 2026, and its purview has been widened to include the creation and incorporation of bioelectronics, biosensors, and delivery systems with stimuli-responsive capabilities.

Curious about this latest version of the report? Obtain Report Details @ https://www.insightaceanalytic.com/enquiry-before-buying/1291

Market Segments
Global Connected Smart Drug Delivery Systems Market, by Products, 2022-2028 (Value US$ Mn)
• Connected Inhalers
• Connected Autoinjectors
• Connected Needle-Free Injectors
• Connected Pen injectors
• Connected Insulin Pumps
• Connected Wearable Injectors/Patch Pumps
• Add-On Sensors

Global Connected Smart Drug Delivery Systems Market, by Therapeutic Area, 2022-2028 (Value US$ Mn)
• Metabolic Disorders
• Neurological Disorders
• Respiratory Disorders
• Others

Global Connected Smart Drug Delivery Systems Market, by End-User, 2022-2028 (Value US$ Mn)
• Hospitals
• Clinics
• Homecare
Global Connected Smart Drug Delivery Systems Market, by Region, 2022-2028 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Connected Smart Drug Delivery Systems Market, by Country, 2022-2028 (Value US$ Mn)
• U.S.
• Canada

Europe Connected Smart Drug Delivery Systems Market, by Country, 2022-2028 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Connected Smart Drug Delivery Systems Market, by Country, 2022-2028 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Connected Smart Drug Delivery Systems Market, by Country, 2022-2028 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Connected Smart Drug Delivery Systems Market, by Country, 2022-2028 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global connected smart drug delivery systems market
 To receive an industry overview and future trends of the connected smart drug delivery systems market
 To analyze the connected smart drug delivery systems market drivers and challenges
 To get information on the connected smart drug delivery systems market value (US$Mn) forecast to 2028
 Significant investments, mergers & acquisitions in the connected smart drug delivery systems market industry

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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions.
Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.
We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products.
Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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