Connected Drug Delivery Devices Market Report Overview

Maximize Market Research provides a comprehensive analysis of Connected Drug Delivery Devices to provide a current snapshot of the market to understand its feature in an optimized way. The Connected Drug Delivery Devices Market report presents market characteristics in terms of accumulation, segmentation, dominance, and combination traits. The report provides a Connected Drug Delivery Devices market overview by standard topics which are highlighted with customized data according to the necessity. This overview helps in decisions on how to approach the market and understand the context of the Connected Drug Delivery Devices industry.

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Market Value

Connected Drug Delivery Devices Market size was valued at USD 1219.93 Mn. in 2022 and the total Connected Drug Delivery Devices revenue is expected to grow at a CAGR of 36.10% from 2023 to 2029, reaching nearly USD 10552.30 Mn.
Connected Drug Delivery Devices Market Report Scope and Research Methodology

The Competitive landscape section illustrates the growth strategies embraced by suppliers in the Connected Drug Delivery Devices industry. The coverage in this segment offers valuable perspectives at various tiers, enabling stakeholders to stay current with industry trends and engage in the economic dynamics. Within the Connected Drug Delivery Devices market report's competitive scenario, companies' activities are categorized into Merger & Acquisition, Agreement, Collaboration & Partnership, Product Launch & Enhancement, Investment & Funding, as well as Award, Recognition & Expansion.

Market dynamics for Connected Drug Delivery Devices:

A High Rate of Chronic Illnesses

Globally, the incidence of chronic conditions including diabetes, COPD, and asthma is on the rise, which presents enormous potential for the connected drug delivery devices market to flourish. For example, a study on diabetes prevalence predictions for 2021 released in January 2022 by the National Library of Medicine and National Centre for Biotechnology Information indicated that 10.5% of people aged 20 to 79 had diabetes in 2021 and that number might increase to 12.2% by 2045. Diabetes is predicted to affect both men and women equally, with people 75 to 79 years old having the highest prevalence.

Connected Drug Delivery Devices Market Regional Insights

Each regional Connected Drug Delivery Devices market sector is thoroughly investigated to determine its current and future growth prospects. This helps clients to grow their businesses. The Connected Drug Delivery Devices market report covers all five regions and their country-wise distribution. Their market size and trends are also included in the Connected Drug Delivery Devices report.

Connected Drug Delivery Devices Market Segmentation:

With the biggest share of over 64% in the Connected Drug Delivery Devices market in 2021, the Connected Sensors segment led the market based on product and is anticipated to expand at a CAGR of 35.5% over the course of the forecast period. In fact, if the device is disposable, attached sensors can be reused in conjunction with current delivery systems without causing any disruption to their normal functioning. These sensors are subdivided into linked inhaler sensors and connectable injectable sensors.

In 2021, the Connected Drug Delivery Devices market was dominated by the Healthcare Providers sector, which had the greatest market share among End-users. Over the course of the projection period, the category is anticipated to continue to dominate with the highest CAGR of over 32.8%. Adequate patient health record-keeping is necessary due to the increased prevalence of chronic diseases such as diabetes, cardiovascular conditions (CVDs), and lung cancer. Connected drug delivery systems store health data in addition to tracking medication delivery and use. The goal of clinicians is to treat as many patients as possible with the greatest potential health outcomes. For the benefit of the patient, they want to ensure adherence, and they are thinking about using linked devices to do so.

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Connected Drug Delivery Devices Market Key Players:

1. Propeller Health (US)
2. West Pharmaceutical Services, Inc. (US)
3. 3M Company (US)
4. OPKO HEALTH, INC. (US)
5. BD Medical - Pharmaceutical Systems (US)
6. Antares Pharma, Inc. (US)
7. Johnson & Johnson Services, Inc. (US)
8. CeQur Corporation (US)
9. SMC Ltd. (US)
10.Philips Medisize (US)
11.ViVO Smart Medical Devices Ltd. (UK)
12.Sagentia (UK)
13.Bayer AG (Germany)
14.Gerresheimer AG (Germany)
15.Merck Group (Germany)
16.Biocorp Production SA (France)
17.Sanofi (France)
18.Novartis AG (Switzerland)
19.Sulzer Ltd. (Switzerland)
20.MEDMIX SYSTEMS AG. (Switzerland)
21.Novosanis NV (Belgium)
22.FindAir (Poland)
23.Adherium Lmited (New Zealand)

Table of content for the Connected Drug Delivery Devices Market includes:

Part 01: Executive Summary

Part 02: Scope of the Connected Drug Delivery Devices Market Report

Part 03: Global Connected Drug Delivery Devices Market Landscape

Part 04: Global Connected Drug Delivery Devices Market Sizing

Part 05: Global Connected Drug Delivery Devices Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Key Questions answered in the Connected Drug Delivery Devices Market Report are:

What is Connected Drug Delivery Devices?
What is the CAGR of the Connected Drug Delivery Devices market during the forecast period?
What is the expected Connected Drug Delivery Devices market size by 2029?
Which segment held the largest Connected Drug Delivery Devices market share in 2022?
What is the competitive scenario of the Connected Drug Delivery Devices market?
What are the main factors driving the growth of the Connected Drug Delivery Devices market?
Which region has the maximum Connected Drug Delivery Devices market share?
Who are the major players in the Connected Drug Delivery Devices market?
About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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