Sarasota, FL -- (SBWIRE) -- 03/18/2019 -- Global Connected Drug Delivery Devices Market: Overview
In spite of uncertainties related to economic and political scenario in the last few years, the global healthcare industry is growing continuously owing to technological advancements related to pharmaceuticals, medical devices, in-vitro diagnostics, and others. The key healthcare markets globally are witnessing an increased demand for critical care services, which, in turn, are driving the global healthcare spending levels to new heights. The demand and popularity of the connected drug delivery devices market across the globe can be attributed to the growing awareness about the various harmful effects of non-adherence to the prescribed medicines by healthcare professionals.
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Global Connected Drug Delivery Devices Market: Growth Factors
The major growth driver of the global connected drug delivery devices market in the future is the growing awareness about the various harmful effects of non-adherence to the prescribed medicines by healthcare professionals. Other factors that are anticipated to contribute notably toward the expansion of the connected drug delivery devices market globally over the estimated timeframe include the rising adoption rates of IoT, engagement, and patient connectivity, the growing prevalence of chronic diseases, such as CVD, cancer, depression, etc., and increasing geriatric population base. Furthermore, growing awareness among patients regarding connected drug delivery devices and increasing investments made for innovation in the healthcare sector are projected to positively impact the market for connected drug delivery devices in the years ahead.
Global Connected Drug Delivery Devices Market: Segmentation
The global connected drug delivery devices market is categorized into product type, application, technology, and end-user. By product type, the connected drug delivery devices market includes inhalation devices and injectable devices (wearable and handheld injectable devices). On the basis of application, the market for connected drug delivery devices is classified into hormone replacement, diabetes, cardiovascular diseases, anaphylaxis, and others. Based on technology, the market is segmented into Near Field Communication and Bluetooth. The end-user segment of the connected drug delivery devices market includes home care, hospitals, and clinics.
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Global Connected Drug Delivery Devices Market: Regional Analysis
By region, this global market is primarily divided into Asia Pacific, North America, the Middle East and Africa, Europe, and Latin America. The North American region is projected to dominate the global connected drug delivery devices market over the estimated time period. This can be attributed to the increasing collaborations between healthcare service providers and customers and improving penetration related to big data analytics and artificial intelligence in developing healthcare technologies. Furthermore, the rising geriatric population base in the U.S. in also is driving the patient monitoring and home healthcare devices demand, which, in turn, is likely to fuel the North American market for connected drug delivery devices globally in the future. Europe is expected to emerge as the second leading market for connected drug delivery devices in the future. Spain, Italy, Germany, and France are likely to witness increased demand for connected drug delivery devices in the years ahead, growing digitalization in the healthcare sector and increasing adoption of connected drug delivery devices among other mobile health-related devices.
Global Connected Drug Delivery Devices Market: Competitive Players
Some most important players of the global connected drug delivery devices market are BioCorp Production, CeQur, Care TRx, Cohero Health, Sagentia, OPKO Health, 3M Company, West Pharmaceutical Services, Propeller Health, and Bayer AG, among others.
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Global Connected Drug Delivery Devices Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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