Medication Reminder Devices Market to be dominated by Rise in Number of Different Types of Diseases through 2027
Increase in occurrences of
several diseases and rising awareness about medical adherence to drive the
Medication Reminder Devices market in the forecast period, 2023-2027.
According to TechSci Research report, “Medication
Reminder Devices Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2017-2027”, the global medication reminder devices market is
anticipated to grow at a significant rate in the forecast period, 2023-2027. The
increase in number of several diseases, rising awareness about medical
adherence, and adoption of advanced technologies are the primary factors
driving the growth for the global medication reminder devices market. Growing population,
stressed and hectic lifestyle, and support from governments related to smart
device development are expected to influence the market demand. The increasing
awareness among masses in developing as well as developed countries are increasing
the growth of the medication reminder devices market, globally.
However, lack of knowledge among people on how to
operate these devices and complexity in some devices use may likely to hamper
the growth of global medication reminder devices market.
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data Figures spread through 110 Pages and an in-depth TOC on "Medication Reminder Devices Market"
The global medication
reminder devices market is segmented into type, end user, and company.
Based on type, the market is
divided into mobile phone reminders, in-home electronic devices, and portable
reminder devices. Based on mobile phone reminders, the market is further
divided into phone call/SMS services, reminder apps, and built-in alarms. Based
on in-home electronic devices, the market is further divided into smart homes,
in-home sensors, wearable sensors, and others. Based on portable reminder device,
the market is further divided into electronic pillbox, medication event
monitoring system (MEMS), and others. Among them, mobile phone reminders
segment is expected to witness the largest market share. This is attributed to
the frequent use of phone by people of all age, and phone can be used anywhere.
Based on end user, the market
is divided into homecare, hospitals & clinics, and others. The homecare segment is projected to grow at
a significant rate over the forecast period. This is ascribed to the busy life
schedule, and rising awareness about medication adherence.
Major operating companies
operating in global medication reminder devices market are:
- InforMedix Holdings, Inc.
- Bang & Olufsen Medicom A/S
- MedSignals / VitalSignals LLC
- MedCenter Systems LLC
- MedMinder Systems Inc.
- Medisafe Limited
- Walmart Inc. (CareZone)
- PillDrill, Inc.
- Pillsy, Inc.
- PillTracker Ltd.
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“North America dominates the market in
2021 and is expected to maintain its dominance in the coming years due to the rise
in population and the high adoption of medication adherence programs. Also,
growing government initiatives for
developing smart medication reminder devices and rising geriatric population
base, and growing number of diseases in these regions are expected to propel
the global medication reminder devices market growth till 2027” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Medication Reminder
Devices Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2017-2027 Segmented By Type (Mobile Phone Reminders, In-Home
Electronic Devices, Portable Reminder Devices), By End User (Homecare, Hospitals
& Clinics, Others), By Company and By Region”, has evaluated the future growth
potential of global medication reminder devices and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global medication reminder devices market.
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