Report Description

Global connected drug delivery devices market is expected to grow at an impressive CAGR in the forecast years. Some of the key factors that are favorably affecting the sales of connected drug delivery devices around the world include increasing IoT (Internet of Things) penetration in the medical industry, advancements in drug delivery nanotechnology, among others. Additionally, growing popularity of remoted patient monitoring especially after the sudden breakdown and spread of pandemic COVID-19 is expected to open new prospects for the growth of global connected drug delivery devices market. COVID-19 increased the awareness of connected drug delivery devices and established the importance of remote monitoring for medication adherence. A lot of patients & providers started adopting connected drug delivery devices.

However, lack of awareness related to connected drug delivery devices especially in the emerging countries can slow down the market growth during the forecast period. Also, concerns related to patient data safety can slow down the market growth.

Advanced Features of Connected Drug Delivery Devices

Connected drug delivery devices are equipped with features such as connectivity to wide range of digital services. These designs provide improved patient monitoring. These devices are equipped with features such as reminders for taking doses, adherence trackers, among others. These devices are used for the management of various chronic diseases such as diabetes, chronic obstructive pulmonary disease, cardiovascular disorders, among others. According to International Diabetes Federation, the number of people suffering from diabetes is expected to reach 643 million by 2030. The growing prevalence of diabetes is expected to create lucrative opportunities for the growth of global connected drug delivery devices market in the coming years. 

Rising Mergers and Acquisitions along with R&D Activities

One of the main factors driving the market is the rise in R&D activity and partnerships with key market players. For instance, in May 2021, Glooko Inc., DexCom Inc., Roche, and myDiabby Healthcare joined up with Eli Lilly and Company to expand connected solutions for diabetics in markets outside of the United States. The firms' diabetes management systems should work with Lilly's Tempo Pen (on the market in many countries across the world) and Tempo Smart Button (in late-stage development), supporting diabetic patients and fostering market expansion. Further, due to the strong product pipeline of numerous important participants, which is predicted to be commercially released throughout the forecast period, it also contributes to an exponential growth rate of the Connected Drug Delivery Market. Moreover, product launches by key market players is expected to boost the growth of the market during the forecast period. Hence, these factors are expected to drive the growth of the market during the forecast period.


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Market Segmentation

Global connected drug delivery devices market is segmented by product type, technology, application, end-user, and regional distribution. Based on product type the market is further fragmented into connected sensors and integrated connected devices. based on technology the market is divided into Bluetooth, Near Field Communications, and others. Based on application the market is categorized into Asthma & COPD, Diabetes, and others. Based on end-use the market is divided into Healthcare Providers and Home Care.

Market Players

Abbott Laboratories, Inc., Reciprocal Labs Corporation (Propeller Health), F. Hoffmann-La Roche Ltd., Teva Pharmaceutical Industries Ltd., Biocorp Production SA, Merck KGaA, Adherium Ltd, West Pharmaceutical Services, Inc., Aterica Digital Health, Molex LLC (Phillips Medisize), Cohero Health, Inc., Elcam Medical ACS. Ltd, Becton, Dickinson, and Company, Ypsomed Holding AG, Unilife Corporation, among others.

Recent Developments

Aptar Pharma in February 2022 launched HeroTracker Sense, a metered-dose inhaler (MDI) add-on which transforms a standard inhaler into a smart connected drug delivery device.

In June 2021, Adherium Limited made an announcement that they have submitted 510(k) application to the U.S. FDA for getting market clearance for their first generation Hailie sensor. This sensor is equipped with physiological measures to monitor asthma and COPD medication use.

Mallya, a smart cap for pen injectors which automatically captures data (such as the injection dose, date, and time) and transmits it in real-time via Bluetooth to companion software was launched in November 2020 by Biocorp Production SA.

Attribute

Details

Base Year

2022

Historical Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023E-2028F

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Product Type

·         Technology

·         Application

·         End User

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States, Mexico, Canada, China, India, Japan, Australia; South Korea, Germany, France, United Kingdom, Italy, Spain, South Africa, UAE, Saudi Arabia, Brazil, Argentina, Colombia.

Key companies profiled

Abbott Laboratories, Inc., Reciprocal Labs Corporation (Propeller Health), F. Hoffmann-La Roche Ltd., Teva Pharmaceutical Industries Ltd., Biocorp Production SA, Merck KGaA, Adherium Ltd, West Pharmaceutical Services, Inc., Aterica Digital Health, Molex LLC (Phillips Medisize), Cohero Health, Inc., Elcam Medical ACS. Ltd, Becton, Dickinson, and Company, Ypsomed Holding AG, Unilife Corporation.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Global connected drug delivery devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Connected Drug Delivery Devices Market, By Product Type:
    • Connected Sensors
    • Integrated Connected Devices
  • Connected Drug Delivery Devices Market, By Technology:
    • Bluetooth
    • Near Field Communications
    • Others
  • Connected Drug Delivery Devices Market, By Application:

o   Asthma & COPD

o   Diabetes

o   Others

  • Connected Drug Delivery Devices Market, By End User:

o   Healthcare Providers

o   Home Care

  • Connected Drug Delivery Devices Market, By Region:
    • North America
    • APAC
    • Europe
    • MEA
    • South America

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global connected drug delivery devices market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Connected Drug Delivery Devices Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, and Trends

4.    Voice of Customer

5.    Global Connected Drug Delivery Devices Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Product Type (Connected Sensors v/s Integrated Connected Devices)

5.2.2.     By Technology (Bluetooth, Near Field Communication, Others)

5.2.3.     By Application (Asthma & COPD, Diabetes, Others)

5.2.4.     By End User (Healthcare Providers v/s Homecare)

5.2.5.     By Company (2021)

5.2.6.     By Region

5.3.  Product Market Map

6.    Asia-Pacific Connected Drug Delivery Devices Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Product Type

6.2.2.     By Technology

6.2.3.     By Application

6.2.4.     By End User

6.2.5.     By Country

6.3.  Asia-Pacific: Country Analysis

6.3.1.     China Connected Drug Delivery Devices Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Product Type

6.3.1.2.2.             By Technology

6.3.1.2.3.             By Application

6.3.1.2.4.             By End User

6.3.2.     India Connected Drug Delivery Devices Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Product Type

6.3.2.2.2.             By Technology

6.3.2.2.3.             By Application

6.3.2.2.4.             By End User

6.3.3.     South Korea Connected Drug Delivery Devices Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Product Type

6.3.3.2.2.             By Technology

6.3.3.2.3.             By Application

6.3.3.2.4.             By End User

6.3.4.     Japan Connected Drug Delivery Devices Market Outlook

6.3.4.1.         Market Size & Forecast

6.3.4.1.1.             By Value

6.3.4.2.         Market Share & Forecast

6.3.4.2.1.             By Product Type

6.3.4.2.2.             By Technology

6.3.4.2.3.             By Application

6.3.4.2.4.             By End User

6.3.5.     Australia Connected Drug Delivery Devices Market Outlook

6.3.5.1.         Market Size & Forecast

6.3.5.1.1.             By Value

6.3.5.2.         Market Share & Forecast

6.3.5.2.1.             By Product Type

6.3.5.2.2.             By Technology

6.3.5.2.3.             By Application

6.3.5.2.4.             By End User

7.    Europe Connected Drug Delivery Devices Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Product Type

7.2.2.     By Technology

7.2.3.     By Application

7.2.4.     By End User

7.2.5.     By Country

7.3.  Europe: Country Analysis

7.3.1.     France Connected Drug Delivery Devices Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Product Type

7.3.1.2.2.             By Technology

7.3.1.2.3.             By Application

7.3.1.2.4.             By End User

7.3.2.     Germany Connected Drug Delivery Devices Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Product Type

7.3.2.2.2.             By Technology

7.3.2.2.3.             By Application

7.3.2.2.4.             By End User

7.3.3.     United Kingdom Connected Drug Delivery Devices Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Product Type

7.3.3.2.2.             By Technology

7.3.3.2.3.             By Application

7.3.3.2.4.             By End User

7.3.4.     Italy Connected Drug Delivery Devices Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Product Type

7.3.4.2.2.             By Technology

7.3.4.2.3.             By Application

7.3.4.2.4.             By End User

7.3.5.     Spain Connected Drug Delivery Devices Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Product Type

7.3.5.2.2.             By Technology

7.3.5.2.3.             By Application

7.3.5.2.4.             By End User

8.    North America Connected Drug Delivery Devices Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Product Type

8.2.2.     By Technology

8.2.3.     By Application

8.2.4.     By End User

8.2.5.     By Country

8.3.  North America: Country Analysis

8.3.1.     United States Connected Drug Delivery Devices Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Product Type

8.3.1.2.2.             By Technology

8.3.1.2.3.             By Application

8.3.1.2.4.             By End User

8.3.2.     Mexico Connected Drug Delivery Devices Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Product Type

8.3.2.2.2.             By Technology

8.3.2.2.3.             By Application

8.3.2.2.4.             By End User

8.3.3.     Canada Connected Drug Delivery Devices Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Product Type

8.3.3.2.2.             By Technology

8.3.3.2.3.             By Application

8.3.3.2.4.             By End User

9.    South America Connected Drug Delivery Devices Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Product Type

9.2.2.     By Technology

9.2.3.     By Application

9.2.4.     By End User

9.2.5.     By Country

9.3.  South America: Country Analysis

9.3.1.     Brazil Connected Drug Delivery Devices Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Product Type

9.3.1.2.2.             By Technology

9.3.1.2.3.             By Application

9.3.1.2.4.             By End User

9.3.2.     Argentina Connected Drug Delivery Devices Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Product Type

9.3.2.2.2.             By Technology

9.3.2.2.3.             By Application

9.3.2.2.4.             By End User

9.3.3.     Colombia Connected Drug Delivery Devices Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Product Type

9.3.3.2.2.             By Technology

9.3.3.2.3.             By Application

9.3.3.2.4.             By End User

10.  Middle East and Africa Connected Drug Delivery Devices Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Product Type

10.2.2.  By Technology

10.2.3.  By Application

10.2.4.  By End User

10.2.5.  By Country

10.3.              MEA: Country Analysis

10.3.1.  South Africa Connected Drug Delivery Devices Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Product Type

10.3.1.2.2.           By Technology

10.3.1.2.3.           By Application

10.3.1.2.4.           By End User

10.3.2.  Saudi Arabia Connected Drug Delivery Devices Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Product Type

10.3.2.2.2.           By Technology

10.3.2.2.3.           By Application

10.3.2.2.4.           By End User

10.3.3.  UAE Connected Drug Delivery Devices Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Product Type

10.3.3.2.2.           By Technology

10.3.3.2.3.           By Application

10.3.3.2.4.           By End User

10.3.4.  Kuwait Connected Drug Delivery Devices Market Outlook

10.3.4.1.      Market Size & Forecast

10.3.4.1.1.           By Value

10.3.4.2.      Market Share & Forecast

10.3.4.2.1.           By Product Type

10.3.4.2.2.           By Technology

10.3.4.2.3.           By Application

10.3.4.2.4.           By End User

11.  Market Dynamics

11.1.              Drivers

11.1.1.  Rapidly Moving Healthcare IT Infrastructure

11.1.2.  Rising Adoption of Machine Learning

11.2.              Challenges

11.2.1.  High Price of Devices

11.2.2.  Security concerns related to patient data

12.  Market Trends & Developments

13.  Clinical Trial Analysis

14.  Competitive Landscape

14.1.              Abbott Laboratories, Inc.

14.1.1.  Business Overview

14.1.2.  Product Offerings

14.1.3.  Recent Developments

14.1.4.  Financials (In Case of Listed Companies)

14.1.5.  Key Personnel

14.1.6.  SWOT Analysis

14.2.              Reciprocal Labs Corporation (Propeller Health)

14.3.              F. Hoffmann-La Roche Ltd.

14.4.              Teva Pharmaceutical Industries Ltd.

14.5.              Biocorp Production SA

14.6.              Merck KGaA

14.7.              Adherium Ltd

14.8.              West Pharmaceutical Services, Inc.

14.9.              Aterica Digital Health

14.10.            Molex LLC (Phillips Medisize)

14.11.            Cohero Health, Inc.

14.12.            Elcam Medical ACS. Ltd

14.13.            Becton, Dickinson, and Company

14.14.            Ypsomed Holding AG

14.15.            Unilife Corporation

15.  Strategic Recommendations

About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Key factors that are driving the connected drug delivery devices market growth include increased patient awareness regarding advanced facilities and connectivity owing to the rising penetration of the Internet of Things (IoT).

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Abbott Laboratories, Inc., Reciprocal Labs Corporation (Propeller Health), F. Hoffmann-La Roche Ltd., Teva Pharmaceutical Industries Ltd., Biocorp Production SA, Merck KGaA, Adherium Ltd, West Pharmaceutical Services, Inc., Aterica Digital Health, Molex LLC (Phillips Medisize), Cohero Health, Inc., Elcam Medical ACS. Ltd, Becton, Dickinson, and Company, Ypsomed Holding AG, Unilife Corporation.

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Based on application the market is divided into o Asthma & COPD, Diabetes, and others. The diabetes segment is expected to gain significant market share during the forecast period owing to the increasing prevalence of diabetes globally.

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In the regional segment, North America dominated the connected drug delivery devices market. This is attributable to the high per capita healthcare expenditure, quick adoption of the latest technologies, and devices, and rising awareness regarding the adverse effects of non-adherence to medication.