Connected Drug Delivery Devices Market | North America, Europe Regions to Dominate the Global Industry

 The 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.

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/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.

Bluetooth Segment to Dominate: Need to Connect Smartphones with Drug Delivery Devices Will Surge Demand

In terms of technology, the market is grouped into near field communication (NFC), Bluetooth, and others. The Bluetooth segment is expected to lead the market. It is occurring because of the increasing utilization of this technology for connecting drug delivery devices with smartphones. Apart from that, ease-of-use, as well as high compatibility of this technology with other devices, would drive the growth of this segment. NFC devices, on the other hand, provide superior data transmission and extended battery life. These properties would increase the adoption of these devices in the near future.

Key Market Players

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

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.

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