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Connected Drug Delivery Devices Market Size, Share, Growth and Trends, Report 2024-2031
Connected Drug Delivery Devices Market || 2024-2031
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Market Dynamics:
Rising awareness regarding self-administered therapy will spur the connected drug delivery devices market expansion
The number of connected drug delivery devices is rapidly increasing, driven by heightened awareness of self-administered therapy. Advances in technology have led to greater connectivity and accuracy in medication delivery, enhancing patient compliance and healthcare outcomes. For instance, Elcam's FlexiQ eMU-P connected autoinjector is a home-use self-administration device designed for ease of use and to protect patients from needle stick injuries before and after use. It also verifies dosage and allows physicians to monitor patient adherence remotely.
The market for connected drug delivery devices has expanded significantly due to technological progress and improved device connectivity. This growth is further fueled by increased remote patient monitoring, substantial research and development in drug delivery systems, and the widespread adoption of these devices. Rising healthcare costs and the growing demand for enhanced patient treatment outcomes are key drivers for the sector. Additionally, a shift towards home-based care, the prevalence of chronic diseases, and a focus on preventive treatment positively influence market growth.
The industry is also benefiting from the increased use of connected devices in laboratories and hospitals for maintaining electronic health records (EHR). Companies are developing devices that integrate with apps and programs, facilitating data transfer, automating tracking, and improving patient safety. Biopharma companies are leveraging connected drug delivery devices to assess adherence outcomes for regulators, payers, and patients, contributing to the global market's expansion.
Segment Covered in the Connected Drug Delivery Devices Market:
By Device Type: Injectable Devices, Inhalation Devices, Others.
By Technology: Bluetooth, Near Field Communication, Wi-Fi.
By Application: Respiratory, Cardiovascular, Diabetes, Hormone Replacement.
By End User: Hospitals, Clinics, Homecare Settings, Others.
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Key players involved in Connected Drug Delivery Devices Market:
• Teva Pharmaceuticals
• Adherium
• DelSiTech
• Merck
• Phillips Medisize
• Nemera
• BioCorp
• Findair
• Propeller Health
• West Pharmaceuticals Services
• Elcam Medical ACS Ltd
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Product Portfolio:
Teva Pharmaceutical Industries Ltd
Teva Pharmaceutical Industries Ltd is a global pharmaceutical company engaged in the development, manufacturing, and sale of both generic and specialty medications. The company's expertise spans various therapeutic areas, including central nervous system (CNS) disorders, respiratory conditions, dermatology, oncology, women's health, and more. Teva offers a wide range of generic pharmaceuticals in diverse dosage forms such as capsules, tablets, injectables, liquids, inhalants, creams, and ointments. In addition to active pharmaceutical ingredients (APIs), Teva provides over-the-counter (OTC) products. The company's primary focus is on advancing new generic drugs. Teva operates through a network of subsidiaries across North America, Europe, and other international markets, with its headquarters located in Tel Aviv, Israel.
Regional Analysis:
The global Connected Drug Delivery Devices Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Connected Drug Delivery Devices Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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