Global Connected Drug Delivery Devices
Market Report
2024
Global Connected Drug Delivery Devices market size was USD 4.85 Billion in 2022 and it is forecasted to reach USD 34.12 Billion by 2030. Connected Drug Delivery Devices Industry's Compound Annual Growth Rate will be 23.5% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Global Connected Drug Delivery Devices market size was USD 4.85 Billion in 2022 and it is forecasted to reach USD 34.12 Billion by 2030. Connected Drug Delivery Devices Industry's Compound Annual Growth Rate will be 23.5% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Connected Drug Delivery Devices Market Sales Revenue 2022 | $ 4.85 Billion |
Global Connected Drug Delivery Devices Market Sales Revenue 2030 | $ 34.12 Billion |
Global Connected Drug Delivery Devices Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 23.5% |
Market Split by Product Type |
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Market Split by Application |
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Market Split by Route of Administration |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Connected Drug Delivery Devices Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The connected drug delivery devices market is driven by factors such as increasing connectivity of devices, the desire to improve patient medication adherence, R&D activities, and the rapid growth of remote digital monitoring conducted by COVID-19.
A connected drug delivery system is a device that enables the introduction of a drug into the body and improves its efficiency and safety by controlling the rate, time, and place of release of drugs in the body. The system contains syringes, jet injectors, and auto-injectors as well as other medication delivery tools. Pharmaceutical firms or customers may purchase drug delivery systems from manufacturers by using a variety of pharmacies, including retail pharmacies, hospital pharmacies, and online pharmacies.
The increase in the shift of patients towards advanced products is due to reduced variability in systemic drug concentrations and increased ability to distribute pharmaceuticals more precisely and selectively to a specific site. These features have increased the demand for a connected drug delivery market. In addition to this, its ability to provide less frequent dosing, increased absorption that is more consistent with the site and mechanism of action, and reductions in toxic metabolites are the factor involved in rising the demand for connected drug delivery devices. Furthermore, the digitalization of medical devices has increased the awareness of advanced products among patients. The digitalization system provides various advantages such as needle-free injection, controlled dosage, and higher flexibility of self-administration, leading to an increase in the adoption of devices.
However, concerns regarding patient data security are predicted to restrain the connected drug delivery devices market. The loss of crucial data such as insurance IDs and medical records that may contain bank information, medical information, and location may have a negative impact on patient data privacy and affect the manufacturer's reputation for connected medication delivery systems.
Due to the threat of cyber security, hospitals, patients, and outside service providers are all in severe danger. Such serious and significant dangers associated with connected drug delivery device solutions could lower market revenue. This is expected to slow the market's expansion for connected drug delivery devices.
The outbreak of COVID-19 has negatively affected the world and increased the demand for healthcare facilities. This accelerated the trend toward improving the healthcare system for better support and a growing rate of technological innovation. In 2020, despite difficult conditions and a lockdown in most of the globe's nations, the connected medicine delivery devices sector showed remarkable expansion. The lockdown restrictions caused an unexpected rise in demand for connected drug delivery systems for use in-home care, which in turn increased demand for standalone drug delivery systems. As a result, during the past few years, connected drug delivery device utilization has increased.
However, in June 2020, the digital health startup, Propeller Health, partnered with Novartis. Through this collaboration, the Enerzair Breezhaler has been co-packed by Propeller's digital health platform for the efficient treatment of asthmatic patients. Furthermore, the Enerzair Breezhaler inhaler includes sensors installed by Propeller Health that transmit data to the Propeller mobile application on the patient's smartphone. These initiatives and technological developments might result in the creation of lucrative business prospects for the expansion of the connected drug delivery systems market globally. Companies all over the world are winning the public's trust and working to create more opportunities for the global connected drug delivery devices market in the projected period.
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Jabil Healthcare Announced the Launch of the Qfinity Autoinjector Platform.
Jabil Healthcare, a division of Jabil Inc. launched the Qfinity autoinjector platform in the United States, a reusable drug delivery device for subcutaneous (SC) drug self-administration. The product also comes in a connected option.
Top Companies Market Share in Connected Drug Delivery Devices Industry: (In no particular order of Rank)
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In 2022, North America dominated the connected drug delivery devices with the largest market share of 30.2%. This is due to the increasing healthcare spending, rapid adoption of technology, and presence of major market players, which are expected to drive the market in the North American region. Furthermore, the increasing incidence rate of chronic diseases as well as the presence of a huge target population base is anticipated to dominate the target market. For instance, in 2022, the Asthma and Allergy Foundation of America (AAFA) reported that there were an estimated 25 million asthma sufferers in the US. Men are more susceptible than women to developing asthma throughout childhood. The high rate of asthma in the US is therefore expected to accelerate the adoption of connected drug-delivery systems.
Asia Pacific connected drug delivery devices market is projected to witness the fastest growth during the forecast period, from 2023 to 2030. This is attributed to increasing demand for the devices due to the rising population and healthcare expenditure in India and China which utilizes advanced drug-device combination products in the treatment and monitoring of disease.
The current report Scope analyzes Connected Drug Delivery Devices Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Connected Drug Delivery Devices Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Connected Drug Delivery Devices Industry growth. Connected Drug Delivery Devices market has been segmented with the help of its Product Type, Application Route of Administration, and others. Connected Drug Delivery Devices market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
In 2022, The injectable segment dominates the market with the highest revenue share.
The injectable devices segment dominated the market in 2022. This is due to the efficiency of medication delivery to the target, a predictable drug-release profile during a defined period of time during each injection, better patient compliance, ease of application, improved systemic availability by avoidance of first-pass metabolism, and reduced dosing frequency are the factors that drive the demand for the injectable devices segment.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Connected Drug Delivery Devices Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Connected Drug Delivery Devices from 2019 to 2031. This will also help to analyze the demand for Connected Drug Delivery Devices across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Application of Connected Drug Delivery Devices are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Connected Drug Delivery Devices market report 2024 Edition by contacting our team.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Connected Drug Delivery Devices Market is witnessing significant growth in the near future.
In 2023, the Injectable devices segment accounted for noticeable share of global Connected Drug Delivery Devices Market and is projected to experience significant growth in the near future.
The Asthma segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Propeller Health , BioCorp and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product Type | Injectable devices, Inhalation Devices |
Application | Asthma, COPD, Diabetes Management, Others |
Route of Administration | Parenteral, Inhalational |
List of Competitors | Propeller Health, Proteus Digital Health, BioCorp, Nemera, Merck KGaA, Bayer AG, Phillips Medisize, Adherium Limited |
This chapter will help you gain GLOBAL Market Analysis of Connected Drug Delivery Devices. Further deep in this chapter, you will be able to review Global Connected Drug Delivery Devices Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Connected Drug Delivery Devices Market Trends North America Connected Drug Delivery Devices Technological Road Map North America Connected Drug Delivery Devices Market Drivers North America Connected Drug Delivery Devices Market Restraints North America Connected Drug Delivery Devices Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Route of Administration Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Connected Drug Delivery Devices market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Injectable devices have a significant impact on Connected Drug Delivery Devices market? |
What are the key factors affecting the Injectable devices and Inhalation Devices of Connected Drug Delivery Devices Market? |
What is the CAGR/Growth Rate of Asthma during the forecast period? |
By type, which segment accounted for largest share of the global Connected Drug Delivery Devices Market? |
Which region is expected to dominate the global Connected Drug Delivery Devices Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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