Connected Drug Delivery Devices Market Is Expected to Reach5 min read
Portland, OR, Nov. 17, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global connected drug delivery devices market generated $290.3 million in 2021, and is estimated to reach $2.1 billion by 2030, witnessing a CAGR of 24.3% from 2022 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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Report coverage & details:
|Market Size in 2021||$290.3 Million|
|Market Size in 2030||$2.1 Billion|
|No. of Pages in Report||210|
|Segments Covered||Type, Technology, End Use, and Region|
|Drivers||The rapidly increasing cost of medical management.|
|Increase in need to improve patient treatment outcomes.|
|A shift in preferences towards home-based care.|
|Rise in the number of individuals suffering from chronic diseases along with increasing emphasis on preventive care|
|Widespread adoption of connected devices in laboratories and hospitals for maintaining Electronic Health Records (EHR)|
|Opportunities||Rise in awareness regarding the benefits of connected systems over conventional systems.|
|Restraints||Concerns about patient treatments data security.|
- The outbreak of the Covid-19 pandemic made the healthcare system strenuous and created a respiratory state of emergency for patients with severe respiratory conditions.
- Digital health, telemedicine, and remote monitoring made it possible to keep these patients safer in their homes by avoiding unnecessary in-person office and emergency room visits, improving engagement and overall health, and providing more direct communication between patients and their providers.
The report offers a detailed segmentation of the global connected drug delivery devices market based on type, technology, end use, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on type, the injectable segment held the largest share of nearly three-fifths of the global connected drug delivery devices market in 2021 and would dominate in terms of revenue during the forecast period. However, the inhalation devices segment is estimated to witness the fastest CAGR of 24.95% during the forecast period.
Based on technology, the bluetooth segment was the largest in 2021, capturing nearly two-thirds of the global connected drug delivery devices market share, and would rule the roost through 2030. However, the NFC segment is estimated to witness the fastest CAGR of 24.82% during the forecast period.
Based on end-use, the hospitals segment was the largest in 2021, grabbing nearly three-fourths of the global connected drug delivery devices market share, and would dominate in terms of revenue during the forecast period. However, the homecare segment is expected to witness the fastest CAGR of 24.85% during the forecast period.
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Based on region, the market in North America was the largest in 2021, accounting for more than one-third of the global connected drug delivery devices market share and would maintain a progressive revenue growth during the forecast period. However, the market in Asia-Pacific is expected to manifest the highest CAGR of 24.93% from 2022 to 2030. The other regions analyzed in the study include Europe and LAMEA.
Leading players of the global connected drug delivery devices market analyzed in the research include Adherium, BD, Proteus Digital Health, Propeller Health, F. Hoffmann-La Roche Ltd., Ypsomed AG, Cohero Health, Inc., West Pharmaceutical Services, Syncro Technology Corp., and AptarGroup Inc.
The report analyzes these key players of the global connected drug delivery devices market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
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“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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