Connected Drug Delivery Devices Market Size, Share, Trends & Growth Analysis

Global Connected Drug Delivery Devices Market Size, Share, Trends, Industry Growth by Type (Standalone Components & Software, Integrated Devices), by Route of Administration (Parenteral, Inhalational), by Technology, by Application, by Region, and Forecast to 2028

Report ID: RC70380 | Report Format: PDF + Excel | Starting Price: 3600/- USD | Last Updated: June 28th, 2023

The global connected drug delivery devices market size is projected to grow at a significant CAGR of over 23% during the forecast period 2022 to 2028. The growing adoption of advanced technology in medical devices and the rising demand to increase the efficiency of drug delivery devices are some major factors driving the market growth. Furthermore, the increasing prevalence of asthma, COPD, and diabetes across the globe is further anticipated to fuel the market over the forecast period. For instance, as per the latest information shared by the WHO (World Health Organization), it is estimated that 262 million people were affected by asthma in 2019 and 455,000 deaths occur due to the disease in 2019.

Market Drivers:

Technological Advancements: Continuous advancements in technology have significantly contributed to the growth of connected drug delivery devices. These devices leverage technologies such as Internet of Things (IoT), artificial intelligence (AI), and wireless connectivity to enhance patient care, improve medication adherence, and enable remote monitoring.

Rising Prevalence of Chronic Diseases: The increasing prevalence of chronic diseases, such as diabetes, asthma, and cardiovascular diseases, has led to a greater demand for connected drug delivery devices. These devices offer personalized and precise drug delivery, helping patients manage their conditions effectively and improving treatment outcomes.

Growing Aging Population: The global population is aging, leading to a higher incidence of chronic diseases and the need for long-term medication management. Connected drug delivery devices can provide reminders, monitor medication intake, and transmit data to healthcare providers, ensuring older adults receive the appropriate medications and improving their adherence.

Focus on Patient-centric Healthcare: There is a shift in the healthcare industry towards patient-centric care, with an emphasis on empowering patients and improving their engagement in their own health management. Connected drug delivery devices enable patients to actively participate in their treatment plans, providing them with real-time data, feedback, and support, leading to improved medication adherence and health outcomes.

Government Initiatives and Support: Governments and regulatory bodies are increasingly recognizing the potential of connected drug delivery devices in improving patient outcomes and reducing healthcare costs. They are promoting the adoption of these devices through various initiatives, policies, and regulations, which is driving the market growth.

Improved Medication Adherence: Medication non-adherence is a significant issue globally, leading to suboptimal treatment outcomes and increased healthcare costs. Connected drug delivery devices offer features such as reminders, dose tracking, and data sharing with healthcare providers, enhancing medication adherence and reducing the burden of non-adherence.

Enhanced Healthcare Infrastructure: The development and improvement of healthcare infrastructure, including hospitals, clinics, and home healthcare settings, have contributed to the adoption of connected drug delivery devices. These devices integrate seamlessly into the existing healthcare ecosystem, facilitating data sharing, remote monitoring, and streamlined healthcare delivery.

Growing Demand for Home Healthcare: There is a growing preference for home healthcare due to its convenience, cost-effectiveness, and the desire to receive care in the comfort of one’s home. Connected drug delivery devices play a crucial role in enabling effective home healthcare management, providing remote monitoring, personalized treatment plans, and timely intervention.

Increasing Focus on Telemedicine and Remote Patient Monitoring: The COVID-19 pandemic has accelerated the adoption of telemedicine and remote patient monitoring. Connected drug delivery devices play a vital role in these telehealth solutions, enabling healthcare professionals to remotely monitor patients, adjust medication regimens, and provide timely interventions.

Improved Patient Safety and Outcomes: Connected drug delivery devices offer features such as dose verification, error prevention, and real-time monitoring, ensuring patient safety and reducing the risk of medication errors. These devices contribute to improved treatment outcomes by delivering medications accurately and timely.

Market Snapshot:

Benchmark Year		2022
Market Size
Market Growth (CAGR)		> 23% (2023-2030)
Largest Market Share		North America
Analysis Period		2020-2030
Market Players		Teva Respiratory, LLC, Novo Nordisk A/S, Phillips-Medisize, LLC, Medtronic, and Adherium Limited

Market Insights:

By product type, the standalone components & software segment is expected to hold the largest revenue share by 2028

The global connected drug delivery devices market is bifurcated into product type, route of administration, technology, application, and geography. On the basis of product type, the market is further segmented into standalone components & software, and integrated devices. The standalone components & software segment dominated the global market in 2021 and is anticipated to maintain its dominance over the forecast period. The increasing penetration of connected drug delivery devices in treatment procedures is estimated to increase the demand for connected sensors, which is driving the segment growth. On the flip side, the integrated devices segment is accounted to register the fastest growth rate over the forecast period.

By application, the diabetes segment dominated the global market in 2021

On the basis of application, the market is segmented into asthma, COPD, diabetes management, and others. The diabetes segment dominated the global connected drug delivery devices market in 2021 and is expected to hold the largest revenue share of around 1/3 market share by the end of the analysis period. The increasing incidence of diabetes around the world and the growing research & development activities in insulin delivery devices are some major factors driving the segment growth. On the other hand, the other segment is expected to grow at the highest growth rate over the forecast period. This includes autoimmune diseases such as multiple sclerosis, migraines, and osteoporosis.

Connected Drug Delivery Devices Market Growth

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The connected drug delivery devices comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The connected drug delivery devices market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

2019-20 – Historical Year
2021 – Base Year
2022-2028 – Forecast Period

Market Segmentation:

By Product Type:

Standalone Components & Software
Integrated Devices

By Route of Administration:

Parenteral
Inhalational

By Technology:

Bluetooth
NFC
Others

By Application:

Asthma
COPD
Diabetes Management
Others

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Regional Analysis:

On the basis of region, North America dominated the global connected drug delivery devices market in 2021 and is expected to hold the largest revenue share of around 1/3 share by the end of the analysis period. The increasing prevalence of asthma, diabetes and COPD is a significant factor driving the market growth in the region. Furthermore, the higher expenditure in healthcare, growing adoption of advanced technologies, and the presence of some major market players are further anticipated to propel the market in North America.

Geographically, the connected drug delivery devices market report comprises dedicated sections centering on the regional market revenue and trends. The connected drug delivery devices market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The connected drug delivery devices market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Connected drug delivery devices market estimates have also been provided for the historical years 2019 & 2020 along with forecasts for the period from 2022 – 2028.

Competitive Assessment:

Some of the major market players operating in the globally connected drug delivery devices market are Teva Respiratory, LLC, Novo Nordisk A/S, Phillips-Medisize, LLC, Medtronic, and Adherium Limited. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

Teva Respiratory, LLC
Novo Nordisk A/S
Phillips-Medisize, LLC
Medtronic
Adherium Limited
Tandem Diabetes Care, Inc.
Biocorp
Propeller health
Ypsomed AG
Aptar Pharma

Key Questions Answered by Connected Drug Delivery Devices Market Report

Global connected drug delivery devices market forecasts from 2022-2028
Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
Connected drug delivery devices submarket forecasts from 2022-2028 covering the market by product type, by route of administration, by technology, by application, and geography
Various industry models such as SWOT analysis, Value Chain Analysis about the market
Analysis of the key factors driving and restraining the growth of the global, regional, and country-level connected drug delivery devices markets from 2022-2028
Competitive Landscape and market positioning of top 10 players operating in the market

Table of Content:

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

2. Executive Summary

2.1. Global Connected Drug Delivery Devices Market Portraiture
2.2. Global Connected Drug Delivery Devices Market, by Product Type, 2021 (USD Mn)
2.3. Global Connected Drug Delivery Devices Market, by Route of Administration, 2021 (USD Mn)
2.4. Global Connected Drug Delivery Devices Market, by Technology, 2021 (USD Mn)
2.5. Global Connected Drug Delivery Devices Market, by Application, 2021 (USD Mn)
2.6. Global Connected Drug Delivery Devices Market, by Geography, 2021 (USD Mn)

3. Global Connected Drug Delivery Devices Market Analysis

3.1. Connected Drug Delivery Devices Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

4. Global Connected Drug Delivery Devices Market By Product Type, 2019 – 2028 (USD Mn)

4.1. Overview
4.2. Standalone Components & Software
4.3. Integrated Devices

5. Global Connected Drug Delivery Devices Market By Route of Administration, 2019 – 2028 (USD Mn)

5.1. Overview
5.2. Parenteral
5.3. Inhalational

6. Global Connected Drug Delivery Devices Market By Technology, 2019 – 2028 (USD Mn)

6.1. Overview
6.2. Bluetooth
6.3. NFC
6.4. Others

7. Global Connected Drug Delivery Devices Market By Application, 2019 – 2028 (USD Mn)

7.1. Overview
7.2. Asthma
7.3. COPD
7.4. Diabetes Management
7.5. Others

8. North America Connected Drug Delivery Devices Market Analysis and Forecast, 2019 – 2028 (USD Mn)

8.1. Overview
8.2. North America Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
8.3. North America Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
8.4. North America Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
8.5. North America Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)
8.6. North America Connected Drug Delivery Devices Market by Country, (2019-2028 USD Mn)
8.6.1. U.S.
8.6.1.1. U.S. Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
8.6.1.2. U.S. Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
8.6.1.3. U.S. Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
8.6.1.4. U.S. Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)
8.6.2. Canada
8.6.2.1. Canada Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
8.6.2.2. Canada Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
8.6.2.3. Canada Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
8.6.2.4. Canada Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)

9. Europe Connected Drug Delivery Devices Market Analysis and Forecast, 2019 – 2028 (USD Mn)

9.1. Overview
9.2. Europe Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
9.3. Europe Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
9.4. Europe Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
9.5. Europe Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)
9.6. Europe Connected Drug Delivery Devices Market by Country, (2019-2028 USD Mn)
9.6.1. Germany
9.6.1.1. Germany Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
9.6.1.2. Germany Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
9.6.1.3. Germany Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
9.6.1.4. Germany Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)
9.6.2. U.K.
9.6.2.1. U.K. Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
9.6.2.2. U.K. Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
9.6.2.3. U.K. Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
9.6.2.4. U.K. Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)
9.6.3. France
9.6.3.1. France Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
9.6.3.2. France Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
9.6.3.3. France Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
9.6.3.4. France Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)
9.6.4. Italy
9.6.4.1. Italy Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
9.6.4.2. Italy Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
9.6.4.3. Italy Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
9.6.4.4. Italy Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)
9.6.5. Rest of Europe
9.6.5.1. Rest of Europe Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
9.6.5.2. Rest of Europe Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
9.6.5.3. Rest of Europe Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
9.6.5.4. Rest of Europe Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)

10. Asia Pacific Connected Drug Delivery Devices Market Analysis and Forecast, 2019 – 2028 (USD Mn)

10.1. Overview
10.2. Asia Pacific Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
10.3. Asia Pacific Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
10.4. Asia Pacific Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
10.5. Asia Pacific Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)
10.6. Asia Pacific Connected Drug Delivery Devices Market by Country, (2019-2028 USD Mn)
10.6.1. China
10.6.1.1. China Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
10.6.1.2. China Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
10.6.1.3. China Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
10.6.1.4. China Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)
10.6.2. Japan
10.6.2.1. Japan Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
10.6.2.2. Japan Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
10.6.2.3. Japan Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
10.6.2.4. Japan Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)
10.6.3. India
10.6.3.1. India Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
10.6.3.2. India Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
10.6.3.3. India Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
10.6.3.4. India Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)
10.6.4. Rest of Asia Pacific
10.6.4.1. Rest of Asia Pacific Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
10.6.4.2. Rest of Asia Pacific Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
10.6.4.3. Rest of Asia Pacific Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
10.6.4.4. Rest of Asia Pacific Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)

11. Latin America (LATAM) Connected Drug Delivery Devices Market Analysis and Forecast, 2019 – 2028 (USD Mn)

11.1. Overview
11.2. Latin America Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
11.3. Latin America Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
11.4. Latin America Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
11.5. Latin America Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)
11.6. Latin America Connected Drug Delivery Devices Market by Country, (2019-2028 USD Mn)
11.6.1. Brazil
11.6.1.1. Brazil Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
11.6.1.2. Brazil Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
11.6.1.3. Brazil Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
11.6.1.4. Brazil Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)
11.6.2. Mexico
11.6.2.1. Mexico Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
11.6.2.2. Mexico Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
11.6.2.3. Mexico Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
11.6.2.4. Mexico Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)
11.6.3. Rest of Latin America
11.6.3.1. Rest of Latin America Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
11.6.3.2. Rest of Latin America Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
11.6.3.3. Rest of Latin America Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
11.6.3.4. Rest of Latin America Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)

12. Middle East and Africa Connected Drug Delivery Devices Market Analysis and Forecast, 2019 – 2028 (USD Mn)

12.1. Overview
12.2. MEA Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
12.3. MEA Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
12.4. MEA Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
12.5. MEA Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)
12.6. Middle East and Africa Connected Drug Delivery Devices Market, by Country, (2019-2028 USD Mn)
12.6.1. GCC
12.6.1.1. GCC Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
12.6.1.2. GCC Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
12.6.1.3. GCC Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
12.6.1.4. GCC Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)
12.6.2. South Africa
12.6.2.1. South Africa Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
12.6.2.2. South Africa Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
12.6.2.3. South Africa Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
12.6.2.4. South Africa Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)
12.6.3. Rest of MEA
12.6.3.1. Rest of MEA Connected Drug Delivery Devices Market by Product Type, (2019-2028 USD Mn)
12.6.3.2. Rest of MEA Connected Drug Delivery Devices Market by Route of Administration, (2019-2028 USD Mn)
12.6.3.3. Rest of MEA Connected Drug Delivery Devices Market by Technology, (2019-2028 USD Mn)
12.6.3.4. Rest of MEA Connected Drug Delivery Devices Market by Application, (2019-2028 USD Mn)

13. Company Profiles

13.1. Teva Respiratory, LLC
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Novo Nordisk A/S
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. Phillips-Medisize, LLC
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Medtronic
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. Adherium Limited
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Tandem Diabetes Care, Inc.
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. Biocorp
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. Propeller health
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Ypsomed AG
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. Aptar Pharm
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis

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