Maximize Market Research, a Global Business Consultancy, Launches the Highly Anticipated Connected Drug Delivery Devices Market Report
Maximize Market Research, renowned for serving large and medium-sized enterprises worldwide, announces the release of its eagerly awaited "Connected Drug Delivery Devices Market" Report. With a global presence spanning 34 countries, the report provides valuable insights for industry players and stakeholders.
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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 Research Methods and Report Scope
Report Scope: The report underscores the Asia Pacific region's immense potential as a lucrative opportunity for the Connected Drug Delivery Devices market and its component manufacturers over the next decade. Notably, the market has demonstrated resilience and an upward trend post the Covid lockdown period, even amid economic challenges. The report delves into the promising prospects and opportunities in the Asia Pacific region for the Connected Drug Delivery Devices market in the coming years.
Research Methods: Market experts anticipate a steady rise in the Connected Drug Delivery Devices market between 2022 and 2030. Leading industry players are expected to take aggressive measures to fuel sector growth through 2022. The report covers import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits in the Connected Drug Delivery Devices market. It also analyzes manufacturing bases, capacity, production, factory prices, revenues, and market share for each manufacturer. The report explores countries (regions) such as the United States, Canada, Mexico, Germany, France, the United Kingdom, Russia, Italy, China, Japan, South Korea, India, Southeast Asia, Australia, Brazil, and Saudi Arabia.
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 Segmentation
Market Segment Analysis for Connected Drug Delivery Devices:
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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Regional Analysis
The Connected Drug Delivery Devices market report offers an extensive regional analysis across Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It delves into key geographies, highlighting segments and sub-segments within the industry. The report presents figures, revenue data, and a thorough analysis of the business chain structure, providing insights into opportunities and industry news. Businesses can gain a profound understanding of market dynamics, enabling informed decisions and capitalizing on emerging prospects.
Key Questions answered in the Connected Drug Delivery Devices Market Report are:
- What is Connected Drug Delivery Devices Market?
- What is the forecast period of the Connected Drug Delivery Devices Market?
- What is the competitive scenario of the Connected Drug Delivery Devices market?
- Which region held the largest market share in the Connected Drug Delivery Devices Market?
- What are the opportunities for the Connected Drug Delivery Devices Market?
- What are the restraining factors in the Connected Drug Delivery Devices market?
- Who are the key players of the Connected Drug Delivery Devices market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Connected Drug Delivery Devices
- Landscape- Leading key players and other prominent key players.
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 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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