The demand for Connected Drug Delivery Devices is growing at an immense pace owing to the increasing geriatric population and rising prevalence of chronic
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The global connected drug delivery devices market size is expected to reach USD 4.07 billion by 2028 registering a CAGR of 46.7%
Factors contributing to the growth of this market include a rise in awareness about the adverse effects of non-adherence to medication and increased adoption of IoT, patient connectivity, and engagement. The Covid-19 pandemic has further accentuated the need for contactless services, thereby increasing the demand for connected drug delivery devices as well as providing lucrative growth opportunities in the coming years.
Connected drug delivery devices help physicians to monitor the compliance of patients to the therapy prescribed by them as well as to modify the treatment of the patient treatment as required. A growing number of initiatives to create awareness regarding the complexities caused by overdosage or underdosage of medicines is expected to promote the adoption of conn
Connected drug delivery devices market to grow to $4bn by 2028
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A new report reveals the COVID-19 pandemic, prevalence of chronic disease and increasing patient engagement will all drive adoption of connected drug delivery devices.
The global connected drug delivery devices market is expected to reach a value of $4.07 billion by 2028, registering a compound annual growth rate (CAGR) of 46.7 percent between 2021 and 2028.
A new report by
Grand View Research suggests that the market expansion will be driven by increasing awareness surrounding the adverse effects of non-adherence to medication, as wells as increased adoption of IoT, patient connectivity and engagement. For instance, the report highlights that there is a growing number of initiatives to create awareness regarding the complexities caused by overdosage or underdosage of medicines and this is anticipated to promote the adoption of connected drug delivery devices.
Search jobs 01-Mar-2021 Global Connected Drug Delivery Devices (Bluetooth, NFC, Other) Market Size, Share & Trends Analysis Report 2021-2028 - ResearchAndMarkets.com
ResearchAndMarkets.com s offering.
The global connected drug delivery devices market size is expected to reach USD 4.07 billion by 2028 registering a CAGR of 46.7%
Factors contributing to the growth of this market include a rise in awareness about the adverse effects of non-adherence to medication and increased adoption of IoT, patient connectivity, and engagement. The Covid-19 pandemic has further accentuated the need for contactless services, thereby increasing the demand for connected drug delivery devices as well as providing lucrative growth opportunities in the coming years.