Medication Telemanagement Devices Market Analysis By Product(Inhalers, Pill Boxes, Insulin Pumps), By End User(Hospitals, Clinics) & Forecast 2024-2035
- PUBLISHED ON
- 11/23/2022
- NO OF PAGES
- 271
- CATEGORY
- Healthcare & Life Sciences
The global medication telemanagement devices market size was valued at USD 105.0 billion in 2021 and is projected to reach around USD 125.0 billion in 2030 exhibiting a CAGR of 3.5% in the forecasted period. The high durability and flexibility, rise in demand for remote patient monitoring, increasing domestic as well as global trades, and higher incomes are driving the medication telemanagement devices market growth. On the other hand, restriction imposed by governments concerning use of particular medication telemanagement device is one of the confining factors limiting the growth.
The development of cutting-edge technology such as internet of things (IoT) and Bluetooth connectivity has made medication telemanagement devices more effective and user-friendly. This has risen their acceptance by healthcare providers and patients. Furthermore, the growing prevalence of chronic diseases such as hypertension and diabetes has led to an increased demand for medication telemanagement devices. These devices help patients manage their medications and prevent the deteriorating their condition.
As the COVID-19 pandemic has risen the demand for remote patient monitoring, the need for medication telemanagement devices has also grown. These devices enable healthcare providers to remotely monitor their patients' medicines intake and adherence, decreasing the need for in-person visits.
Product Insights
The inhalers segment is predicted to hold largest share by 2021. Smart inhalers include sensors that attach to present inhalers and record when the medication is taken. They are Bluetooth-enabled, so can be combined wirelessly with a smart device like a phone or tablet or with a computer to enable data to be transported from the smart inhaler robotically, boosting the medication telemanagement devices market.
End User Insights
The hospitals segment was the major contributor in 2021 and is expected to maintain its lead during the forecasted period. The hospitals are dominating the market due to presence of higher number of hospitals in developed as well as developing nations with all the required facilities for the medication telemanagement devices.
Region Insights
North America accounted for the major share for the market in 2021. The higher number of chronic diseases along with presence of well-established and equipped health care infrastructure and risen blood donation activities, along with government initiatives is expected to drive market development in the region throughout the forecast period.
However, the market in Asia Pacific is anticipated to boost at a rapid pace in the next few years due to the growth in chronic diseases and increasing medical tourism.
Key Companies Insights
To stay competitive in the total market, players are using new approaches such as new product development, mergers and acquisitions, joint ventures, and geographic expansions. Some of the key players working in the global medication telemanagement devices market include:
· Abiogenix
· Adherium
· IA Collaborative
· Insulet
· MedFolio
· Medissimo
· MedMinder
· MedSignals
· Propeller Health
· Robotik Technology
· Tandem Diabetes Care
· Other players
Some of the Recent Developments:
· In February 2022, Aptar Pharma launched the HeroTracker Sense, a new digital respiratory health solution that changes a standard metered dose inhaler (pMDI) into a smart connected healthcare device.
· In July 2020, Teva Respiratory launched the first digital rescue inhaler for patients aged 4 years and older and a companion app. This rescue inhaler is furnished with Bluetooth wireless technology sensors that connect with a companion mobile app.
Segments
By Product
· Inhalers
· Pill Boxes
· Insulin Pumps
· Others
By End User
· Hospitals
· Clinics
· Others
By Geography
· North America
o U.S.
o Canada
o Mexico
· Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
· Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
· Latin America
o Brazil
o Argentina
o Colombia
· MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Reasons to Purchase Medication Telemanagement Devices Market Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Historic Year: 2016-2022
Forecast: 2024-2035
1.1 Product Overview and Scope of Medication Telemanagement Devices
1.2 Medication Telemanagement Devices Segment by Type
1.2.1 Global Medication Telemanagement Devices Sales Growth Rate Comparison by Type (2022-2030)
1.2.2 Inhalers
1.2.3 Pill Boxes
1.2.4 Insulin Pumps
1.2.5 Other
1.3 Medication Telemanagement Devices Segment by Application
1.3.1 Medication Telemanagement Devices Sales Comparison by Application: (2022-2030)
1.3.2 Hospitals
1.3.3 Clinics
1.3.4 Other
1.4 Global Medication Telemanagement Devices Market Size Estimates and Forecasts
1.4.1 Global Medication Telemanagement Devices Revenue 2016-2030
1.4.2 Global Medication Telemanagement Devices Sales 2016-2030
1.4.3 Medication Telemanagement Devices Market Size by Region: 2016 Versus 2022 Versus 2030
2 Medication Telemanagement Devices Market Competition by Manufacturers
2.1 Global Medication Telemanagement Devices Sales Market Share by Manufacturers (2016-2021)
2.2 Global Medication Telemanagement Devices Revenue Market Share by Manufacturers (2016-2021)
2.3 Global Medication Telemanagement Devices Average Price by Manufacturers (2016-2021)
2.4 Manufacturers Medication Telemanagement Devices Manufacturing Sites, Area Served, Product Type
2.5 Medication Telemanagement Devices Market Competitive Situation and Trends
2.5.1 Medication Telemanagement Devices Market Concentration Rate
2.5.2 The Global Top 5 and Top 10 Largest Medication Telemanagement Devices Players Market Share by Revenue
2.5.3 Global Medication Telemanagement Devices Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.6 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Medication Telemanagement Devices Retrospective Market Scenario by Region
3.1 Global Medication Telemanagement Devices Retrospective Market Scenario in Revenue by Region: 2016-2021
3.2 Global Medication Telemanagement Devices Retrospective Market Scenario in Sales by Region: 2016-2021
3.3 North America Medication Telemanagement Devices Market Facts & Figures by Country
3.3.1 North America Medication Telemanagement Devices Sales by Country
3.3.2 North America Medication Telemanagement Devices Revenue by Country
3.3.3 U.S.
3.3.4 Canada
3.4 Europe Medication Telemanagement Devices Market Facts & Figures by Country
3.4.1 Europe Medication Telemanagement Devices Sales by Country
3.4.2 Europe Medication Telemanagement Devices Revenue by Country
3.4.3 Germany
3.4.4 France
3.4.5 U.K.
3.4.6 Italy
3.4.7 Russia
3.5 Asia Pacific Medication Telemanagement Devices Market Facts & Figures by Region
3.5.1 Asia Pacific Medication Telemanagement Devices Sales by Region
3.5.2 Asia Pacific Medication Telemanagement Devices Revenue by Region
3.5.3 China
3.5.4 Japan
3.5.5 South Korea
3.5.6 India
3.5.7 Australia
3.5.8 Taiwan
3.5.9 Indonesia
3.5.10 Thailand
3.5.11 Malaysia
3.5.12 Philippines
3.5.13 Vietnam
3.6 Latin America Medication Telemanagement Devices Market Facts & Figures by Country
3.6.1 Latin America Medication Telemanagement Devices Sales by Country
3.6.2 Latin America Medication Telemanagement Devices Revenue by Country
3.6.3 Mexico
3.6.4 Brazil
3.6.5 Argentina
3.7 Middle East and Africa Medication Telemanagement Devices Market Facts & Figures by Country
3.7.1 Middle East and Africa Medication Telemanagement Devices Sales by Country
3.7.2 Middle East and Africa Medication Telemanagement Devices Revenue by Country
3.7.3 Turkey
3.7.4 Saudi Arabia
3.7.5 U.A.E
4 Global Medication Telemanagement Devices Historic Market Analysis by Type
4.1 Global Medication Telemanagement Devices Sales Market Share by Type (2016-2021)
4.2 Global Medication Telemanagement Devices Revenue Market Share by Type (2016-2021)
4.3 Global Medication Telemanagement Devices Price by Type (2016-2021)
5 Global Medication Telemanagement Devices Historic Market Analysis by Application
5.1 Global Medication Telemanagement Devices Sales Market Share by Application (2016-2021)
5.2 Global Medication Telemanagement Devices Revenue Market Share by Application (2016-2021)
5.3 Global Medication Telemanagement Devices Price by Application (2016-2021)
6 Key Companies Profiled
6.1 Abiogenix
6.1.1 Abiogenix Corporation Information
6.1.2 Abiogenix Description and Business Overview
6.1.3 Abiogenix Medication Telemanagement Devices Sales, Revenue and Gross Margin (2016-2021)
6.1.4 Abiogenix Product Portfolio
6.1.5 Abiogenix Recent Developments/Updates
6.2 Adherium
6.2.1 Adherium Corporation Information
6.2.2 Adherium Description and Business Overview
6.2.3 Adherium Medication Telemanagement Devices Sales, Revenue and Gross Margin (2016-2021)
6.2.4 Adherium Product Portfolio
6.2.5 Adherium Recent Developments/Updates
6.3 IA Collaborative
6.3.1 IA Collaborative Corporation Information
6.3.2 IA Collaborative Description and Business Overview
6.3.3 IA Collaborative Medication Telemanagement Devices Sales, Revenue and Gross Margin (2016-2021)
6.3.4 IA Collaborative Product Portfolio
6.3.5 IA Collaborative Recent Developments/Updates
6.4 Insulet
6.4.1 Insulet Corporation Information
6.4.2 Insulet Description and Business Overview
6.4.3 Insulet Medication Telemanagement Devices Sales, Revenue and Gross Margin (2016-2021)
6.4.4 Insulet Product Portfolio
6.4.5 Insulet Recent Developments/Updates
6.5 MedFolio
6.5.1 MedFolio Corporation Information
6.5.2 MedFolio Description and Business Overview
6.5.3 MedFolio Medication Telemanagement Devices Sales, Revenue and Gross Margin (2016-2021)
6.5.4 MedFolio Product Portfolio
6.5.5 MedFolio Recent Developments/Updates
6.6 Medissimo
6.6.1 Medissimo Corporation Information
6.6.2 Medissimo Description and Business Overview
6.6.3 Medissimo Medication Telemanagement Devices Sales, Revenue and Gross Margin (2016-2021)
6.6.4 Medissimo Product Portfolio
6.6.5 Medissimo Recent Developments/Updates
6.7 MedMinder
6.6.1 MedMinder Corporation Information
6.6.2 MedMinder Description and Business Overview
6.6.3 MedMinder Medication Telemanagement Devices Sales, Revenue and Gross Margin (2016-2021)
6.4.4 MedMinder Product Portfolio
6.7.5 MedMinder Recent Developments/Updates
6.8 MedSignals
6.8.1 MedSignals Corporation Information
6.8.2 MedSignals Description and Business Overview
6.8.3 MedSignals Medication Telemanagement Devices Sales, Revenue and Gross Margin (2016-2021)
6.8.4 MedSignals Product Portfolio
6.8.5 MedSignals Recent Developments/Updates
6.9 Propeller Health
6.9.1 Propeller Health Corporation Information
6.9.2 Propeller Health Description and Business Overview
6.9.3 Propeller Health Medication Telemanagement Devices Sales, Revenue and Gross Margin (2016-2021)
6.9.4 Propeller Health Product Portfolio
6.9.5 Propeller Health Recent Developments/Updates
6.10 Robotik Technology
6.10.1 Robotik Technology Corporation Information
6.10.2 Robotik Technology Description and Business Overview
6.10.3 Robotik Technology Medication Telemanagement Devices Sales, Revenue and Gross Margin (2016-2021)
6.10.4 Robotik Technology Product Portfolio
6.10.5 Robotik Technology Recent Developments/Updates
6.11 Tandem Diabetes Care
6.11.1 Tandem Diabetes Care Corporation Information
6.11.2 Tandem Diabetes Care Medication Telemanagement Devices Description and Business Overview
6.11.3 Tandem Diabetes Care Medication Telemanagement Devices Sales, Revenue and Gross Margin (2016-2021)
6.11.4 Tandem Diabetes Care Product Portfolio
6.11.5 Tandem Diabetes Care Recent Developments/Updates
7 Medication Telemanagement Devices Manufacturing Cost Analysis
7.1 Medication Telemanagement Devices Key Raw Materials Analysis
7.1.1 Key Raw Materials
7.1.2 Key Suppliers of Raw Materials
7.2 Proportion of Manufacturing Cost Structure
7.3 Manufacturing Process Analysis of Medication Telemanagement Devices
7.4 Medication Telemanagement Devices Industrial Chain Analysis
8 Marketing Channel, Distributors and Customers
8.1 Marketing Channel
8.2 Medication Telemanagement Devices Distributors List
8.3 Medication Telemanagement Devices Customers
9 Medication Telemanagement Devices Market Dynamics
9.1 Medication Telemanagement Devices Industry Trends
9.2 Medication Telemanagement Devices Growth Drivers
9.3 Medication Telemanagement Devices Market Challenges
9.4 Medication Telemanagement Devices Market Restraints
10 Global Market Forecast
10.1 Medication Telemanagement Devices Market Estimates and Projections by Type
10.1.1 Global Forecasted Sales of Medication Telemanagement Devices by Type (2022-2030)
10.1.2 Global Forecasted Revenue of Medication Telemanagement Devices by Type (2022-2030)
10.2 Medication Telemanagement Devices Market Estimates and Projections by Application
10.2.1 Global Forecasted Sales of Medication Telemanagement Devices by Application (2022-2030)
10.2.2 Global Forecasted Revenue of Medication Telemanagement Devices by Application (2022-2030)
10.3 Medication Telemanagement Devices Market Estimates and Projections by Region
10.3.1 Global Forecasted Sales of Medication Telemanagement Devices by Region (2022-2030)
10.3.2 Global Forecasted Revenue of Medication Telemanagement Devices by Region (2022-2030)
11 Research Finding and Conclusion
12 Methodology and Data Source
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Source
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Author List
12.4 Disclaimer
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