Press release
Global Connected/Smart Drug Delivery Systems Market to reach over USD 7.19 billion by the year 2028
The global Connected/Smart Drug Delivery Systems Market is estimated to reach over USD 7.19 billion by 2028, exhibiting a CAGR of 37.4% during the forecast period.
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Connected/smart drug delivery systems utilise embedded electronics and sensors to transmit information to the clinician, such as the time, volume, and location of self-administration. This provides professionals with a crucial tool for tracking patient adherence and understanding the outcome of treatment for each particular patient based on concrete facts. These devices are beneficial for treating respiratory diseases, diabetes, and other cardiovascular conditions. In addition, smart sensors monitor dose administration and timing and provide immediate feedback to patients. Connected devices provide patients with access to their own treatment data, allowing for increased comprehension of their illness and the body's response to prescribed medication. The global pandemic has raised the urgent need to decrease the burden on healthcare systems and resources and has highlighted the advantages of connected devices.
The primary drivers of the expansion of connected/smart drug devices are the prevalence of chronic diseases and rising awareness of self-administered therapy. In the upcoming years, the demand is anticipated to increase due to the proliferation of smart drug delivery systems and the rapid evolution of healthcare IT infrastructure. In addition, increased research and development in the field of medical drug delivery devices, the technological advancement and high connectivity of the devices, and the rise in remote patient monitoring are expected to generate significant growth potential throughout the projection period.
In 2021, North America dominated worldwide and held the largest market share. The regional growth can be attributed to rising healthcare expenditures, rising R&D investments, a well-developed healthcare infrastructure, and increasing investment in developing innovative products by significant companies. Additionally, the region has expanded as a result of government initiatives.
List of Prominent Players in the Connected/Smart Drug Delivery Systems Market:
BIOCORP
Elcam Drug Delivery Devices (E3D)
Novo Nordisk
Merck
Pneuma Respiratory
H&T Presspart
Nemera
Ypsomed Holdings
Unolife Corporation
Quio Technologies
SHL Group
Haselmeier Inc.
Portal Instruments Inc
West Pharmaceutical Services Inc.
Emperra GmbH E-Health Technologies
Amiko Digital Health Limited
Cognita Labs
DIAMESCO CO., Ltd.
Eitan Medical (Q Core Medical Ltd., Avoset Health, Sorrel Medical)
Enable Injections
Bigfoot Biomedical Inc.
Medtronic Plc
Companion Medical
Sorrel Medical
Cohero Health, Inc.
Propeller Health
Pendiq Intelligent Diabetes Care
Phillips-Medisize
Becton, Dickinson and Company (BD)
Noble International Inc
etectRx
Aterica Inc.
Findair Sp. z o. o.
Recipharm AB
Aero Pump GmbH
Jiangsu Delfu medical device Co.,Ltd,
other prominent players
Enquiry Before Buying: https://www.insightaceanalytic.com/enquiry-before-buying/1291
Recent Developments:
• In Oct 2022, Merck KGaA extended its partnership with Biocorp to create a Bluetooth-enabled clip-on accessory for one of its medication delivery systems. Merck will provide up to 5 million euros ($5 million) over the course of three years to boost the device's development.
• In Oct 2022, BIOCORP and Merck KGaA partnered to develop and global marketing of a variant of Mallya designed for medication delivery systems. BIOCORP has inked major agreements with Sanofi, Novo Nordisk, and Merck KGaA to develop specialised versions of the technology in the areas of Insulin and Human Growth Hormone (HGH).
• In Sept 2022, Microsoft and Novo Nordisk established a new strategic partnership to combine Microsoft's computational services, cloud, and artificial intelligence (AI) with Novo Nordisk's drug discovery, development, and data science expertise.
• In March 2022, Jabil Healthcare, a branch of Jabil Inc., is collaborating on drug delivery device technology with E3D, a member of the Elcam Medical Group. A recent strategic alliance between the two companies grants Jabil access to E3D's reusable mechanical auto-injector. In addition, the agreement grants Jabil exclusive rights to develop a high-volume reusable auto-injector and related variants.
Segmentation of Connected/Smart Drug Delivery Systems Market-
By Products
• Connected Inhalers
• Connected Auto injectors
• Connected Needle-Free Injectors
• Connected Pen injectors
• Connected Insulin Pumps
• Connected Wearable Injectors/Patch Pumps
• Add-On Sensors
By Therapeutic Area
• Metabolic Disorders
• Neurological Disorders
• Respiratory Disorders
• Others
By End-use
• Hospitals
• Clinics
• Homecare
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
For More Information @ https://www.insightaceanalytic.com/report/global-connected-smart-drug-delivery-systems-market/1291
InsightAce Analytic Pvt. Ltd.
Tel.: +1 551 226 6109
Email: info@insightaceanalytic.com
Site Visit: www.insightaceanalytic.com
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Get Sample copy: https://www.insightaceanalytic.com/enquiry-before-buying/1291
Connected/smart drug delivery systems utilise embedded electronics and sensors to transmit information to the clinician, such as the time, volume, and location of self-administration. This provides professionals with a crucial tool for tracking patient adherence and understanding the outcome of treatment for each particular patient based on concrete facts. These devices are beneficial for treating respiratory diseases, diabetes, and other cardiovascular conditions. In addition, smart sensors monitor dose administration and timing and provide immediate feedback to patients. Connected devices provide patients with access to their own treatment data, allowing for increased comprehension of their illness and the body's response to prescribed medication. The global pandemic has raised the urgent need to decrease the burden on healthcare systems and resources and has highlighted the advantages of connected devices.
The primary drivers of the expansion of connected/smart drug devices are the prevalence of chronic diseases and rising awareness of self-administered therapy. In the upcoming years, the demand is anticipated to increase due to the proliferation of smart drug delivery systems and the rapid evolution of healthcare IT infrastructure. In addition, increased research and development in the field of medical drug delivery devices, the technological advancement and high connectivity of the devices, and the rise in remote patient monitoring are expected to generate significant growth potential throughout the projection period.
In 2021, North America dominated worldwide and held the largest market share. The regional growth can be attributed to rising healthcare expenditures, rising R&D investments, a well-developed healthcare infrastructure, and increasing investment in developing innovative products by significant companies. Additionally, the region has expanded as a result of government initiatives.
List of Prominent Players in the Connected/Smart Drug Delivery Systems Market:
BIOCORP
Elcam Drug Delivery Devices (E3D)
Novo Nordisk
Merck
Pneuma Respiratory
H&T Presspart
Nemera
Ypsomed Holdings
Unolife Corporation
Quio Technologies
SHL Group
Haselmeier Inc.
Portal Instruments Inc
West Pharmaceutical Services Inc.
Emperra GmbH E-Health Technologies
Amiko Digital Health Limited
Cognita Labs
DIAMESCO CO., Ltd.
Eitan Medical (Q Core Medical Ltd., Avoset Health, Sorrel Medical)
Enable Injections
Bigfoot Biomedical Inc.
Medtronic Plc
Companion Medical
Sorrel Medical
Cohero Health, Inc.
Propeller Health
Pendiq Intelligent Diabetes Care
Phillips-Medisize
Becton, Dickinson and Company (BD)
Noble International Inc
etectRx
Aterica Inc.
Findair Sp. z o. o.
Recipharm AB
Aero Pump GmbH
Jiangsu Delfu medical device Co.,Ltd,
other prominent players
Enquiry Before Buying: https://www.insightaceanalytic.com/enquiry-before-buying/1291
Recent Developments:
• In Oct 2022, Merck KGaA extended its partnership with Biocorp to create a Bluetooth-enabled clip-on accessory for one of its medication delivery systems. Merck will provide up to 5 million euros ($5 million) over the course of three years to boost the device's development.
• In Oct 2022, BIOCORP and Merck KGaA partnered to develop and global marketing of a variant of Mallya designed for medication delivery systems. BIOCORP has inked major agreements with Sanofi, Novo Nordisk, and Merck KGaA to develop specialised versions of the technology in the areas of Insulin and Human Growth Hormone (HGH).
• In Sept 2022, Microsoft and Novo Nordisk established a new strategic partnership to combine Microsoft's computational services, cloud, and artificial intelligence (AI) with Novo Nordisk's drug discovery, development, and data science expertise.
• In March 2022, Jabil Healthcare, a branch of Jabil Inc., is collaborating on drug delivery device technology with E3D, a member of the Elcam Medical Group. A recent strategic alliance between the two companies grants Jabil access to E3D's reusable mechanical auto-injector. In addition, the agreement grants Jabil exclusive rights to develop a high-volume reusable auto-injector and related variants.
Segmentation of Connected/Smart Drug Delivery Systems Market-
By Products
• Connected Inhalers
• Connected Auto injectors
• Connected Needle-Free Injectors
• Connected Pen injectors
• Connected Insulin Pumps
• Connected Wearable Injectors/Patch Pumps
• Add-On Sensors
By Therapeutic Area
• Metabolic Disorders
• Neurological Disorders
• Respiratory Disorders
• Others
By End-use
• Hospitals
• Clinics
• Homecare
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
For More Information @ https://www.insightaceanalytic.com/report/global-connected-smart-drug-delivery-systems-market/1291
InsightAce Analytic Pvt. Ltd.
Tel.: +1 551 226 6109
Email: info@insightaceanalytic.com
Site Visit: www.insightaceanalytic.com
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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