Press Release

Connected Drug Delivery Devices Market Growth, Developments, Industry Analysis, Trends, Share Forecast till 2026

Connected Drug Delivery Devices Market by Top Key Players are BD, Proteus Digital Health, Cohero Health, Inc., F. Hoffmann-La Roche Ltd., Adherium, West Pharmaceutical Services, Ypsomed Holding, Propeller Health (A ResMed Company) Forecast till 2026

Connected Drug Delivery Devices MarketThe global connected drug delivery devices market size is projected to reach USD 4,062.7 million by 2026, exhibiting a CAGR of 35.4% during the forecast period. However, the market size was USD 361.1 million in 2018. This information is published in a recent report by Fortune Business Insights, titled, “Connected Drug Delivery Devices Market Size, Share & Industry Analysis, By Type (Injectable Devices and Inhalation Devices & Others) By Technology (Bluetooth, NFC, and Others) By End User (Homecare Settings and Hospitals) and Regional Forecast, 2019-2026.” As per the report, a rising incidence of diabetes, COPD, and asthma are anticipated to boost the connected drug delivery devices market growth in the coming years.

For more information in the analysis of this report, visit:https://www.fortunebusinessinsights.com/industry-reports/connected-drug-delivery-devices-market-100380

Highlights of the Report

  • Elaborate information regarding the connected drug delivery devices market trends, growth drivers, obstacles, opportunities, and challenges.
  • Competitive landscape, namely, mergers & acquisitions, new product launches, agreements, etc.
  • Regional analysis consisting of North America, Europe, Asia pacific, and Rest of the World.

Key Market Players

Fortune Business Insights profiles some of the renowned companies operating in the connected drug delivery devices market. They are as follows:

  • BD
  • Proteus Digital Health
  • Cohero Health, Inc.
  • Hoffmann-La Roche Ltd.
  • Adherium
  • West Pharmaceutical Services
  • Ypsomed Holding
  • Propeller Health (A ResMed Company)

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Rising Emphasis on Preventive Care of Chronic Diseases to Propel Growth

A rising incidence of chronic diseases across the world is creating more opportunities for the connected drug delivery devices market growth. In 2016, the Global Burden of Disease Study mentioned that the prevalence of COPD went up by approximately 14.7 percent between the period of 1990 to 2015. Besides, connected drug delivery devices possess various novel benefits. So, people are rapidly inclining towards them by replacing the manual devices.

Moreover, an increasing focus on preventive care of chronic disorders is likely to contribute to the market growth in the coming years. The Lancet Respiratory Medicine, for instance, had published a study in 2015 that highlighted that in New Zealand, the adoption of smart inhalers grew up to 84.0 percent amongst asthmatic children from 2014 to 2015.

Increasing Demand for Digital Medical Devices to Favor Growth in Europe

North America had generated USD 253.0 million connected drug delivery devices market revenue in 2018. The region is anticipated to lead the market throughout the forthcoming years. Strategic collaborations, existence of major players, increasing healthcare expenditure, and well-established infrastructure are some of the most significant drivers of the market in this region. Europe is experiencing a rising demand for digital medical devices as well as a higher adoption of connected drug delivery devices on account of an urgent requirement to improve the patient experience.

Asia Pacific is showcasing a rise in the number of awareness programs regarding the cost benefits of connected drug delivery devices. It is also exhibiting an increasing adoption of innovative medical technology. These factors are set to create high growth opportunities.

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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

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