In 2022, the global smart pill boxes and bottles market was valued at US$ 144.2 million, and it is projected to reach US$ 160.2 million in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 9.3% between 2023 and 2033, reaching US$ 388.2 million by the end of 2033. The healthcare industry has long been concerned about medication adherence, as non-adherence can lead to various problems, including death and increased healthcare costs. Smart pill boxes and bottles, which help patients take their medication on time and without errors, have garnered interest in the global market.
Smart pill boxes and bottles are multi-compartment devices designed to store medication doses and aid patients in adhering to their medication schedules. By making drug dispensing easier, these devices can enhance patients' medication compliance and adherence.
The increasing prevalence of chronic conditions and rising healthcare costs have led to a growing demand for smart pill boxes and bottles as a potential solution. The dementia sector is expected to hold a significant market share due to the growing senior therapy pool, which is more susceptible to dementia. From 2017 to 2022, the dementia market grew at an 11.2% CAGR, and it is projected to grow at a CAGR of 9.3% from 2023 to 2033.
Competitive Landscape
Key Players in the Smart Pill Boxes and Bottles Market are: Adhere Tech, Medipense Inc., Koninklijke Philips N.V., Pillsy, Inc., MedMinder, PharmRight Corporation & Livi, MedReady Inc., e-pill, LLC, DoseSmart Inc, SMRxT INC, Pillo, INC, and Prill Drill, Inc. are a few of the top makers of smart pill boxes & bottles.
Get More Details@ https://www.futuremarketinsights.com/reports/smart-pill-boxes-bottles-market
Key Segments Smart Pill Boxes & Bottles Industry Survey
Smart Pill Boxes & Bottles Market by Product:
- Smart Pill Boxes
- Smart Pill Bottles
Smart Pill Boxes & Bottles Market by Indication:
- Dementia
- Parkinson’s Disease
- Cancer Management
- Diabetes Care
- Geriatric Care
- Disability
- Others
Smart Pill Boxes & Bottles Market by End User:
- Seniors Care & Assisted Living
- Long-term Care Centers
- Home Care Settings
They use text, phone-call, light and sound to remind people to take medicines.
Smart pill boxes are mainly connected to blood glucose monitors and blood pressure monitors.
They are largely used in retirement homes and hospitals across the world.Smart pill boxes and bottles are preferred over traditional pills technology owing to better patient compliance and statistics on poor medical adherence in the past.
Smart pills boxes and bottles provide several advantages in terms of patient monitoring, increased understanding and awareness in endoscopy procedures and control in the usage of drugs.
In spite of this, growing adoption of smart pill boxes and bottles in hospitals and home care settings is anticipated to reduce the impact of the limitation during the forecast period.
Request For Report Sample: https://www.researchreportinsights.com/report/upsample/120124907/Smart-Pill-Boxes-and-Bottles-Market Global smart pill boxes and bottles market can be segmented on the basis of indication, product type, end-use, and geography.
Smart pill boxes keep a record of the amount of pills consumed by the patients, their timings, as well as services provided in a stipulated time period. They act as a pill organizer and reminder that deals with sorting huge number of pills each day. They use text, phone-call, light and sound to remind people to take medicines. Smart pill boxes are mainly connected to blood glucose monitors and blood pressure monitors. They are largely used in retirement homes and hospitals across the world.Smart pill boxes and bottles are preferred over traditional pills technology owing to better patient compliance and statistics on poor medical adherence in the past. With rising incidents of chronic diseases, the demand of smart medicine technology has significantly increased.
Get More Information About Smart Pill Boxes and Bottles Market: https://www.trendsmarketresearch.com/report/sample/3054
This increase in demand is anticipated to drive the smart pill boxes and bottles market. Smart pills boxes and bottles provide several advantages in terms of patient monitoring, increased understanding and awareness in endoscopy procedures and control in the usage of drugs. However, lacking awareness regarding their benefits is limiting their growth in the developing countries. In spite of this, growing adoption of smart pill boxes and bottles in hospitals and home care settings is anticipated to reduce the impact of the limitation during the forecast period.Global smart pill boxes and bottles market can be segmented on the basis of indication, product type, end-use, and geography.
Request For Table of Contents: https://www.trendsmarketresearch.com/report/requesttoc/3054
In terms of product type, the smart pill and bottles market can be segmented into smart pill boxes and smart pill bottles. In terms of indication, smart pill boxes and bottles market can be segmented into cancer management, dementia, disability, geriatric care, diabetes care, Parkinson's disease, and others. In terms of end-use, the market can be segmented into home care settings,extended-term care centers, and senior care and assisted living. In terms of geography, the smart pill boxes and bottles market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America. Amongst all, North America is expected to be the most lucrative owing to high penetration of technology facilitated smart pill boxes and bottles in the region.
Key players operating in smart pill boxes and bottles market include Medready Inc., Medipense Inc., DoseSmart Inc., Pharmright Corporation & Livi, e-pill, LLC., PillDrill Inc., Pillo, Inc., Group Medical Supply LLC, Pillsy Inc., Koninklijke Philips N.V., DoseSMart Inc., AdhereTech Inc., and Medminder Systems Inc. among others.
Contact Us:
One Vincent Square
Westminster, London SW1P 2PN
United Kingdom
T: +44 2033221521
Email: [email protected]
Website: https://www.trendsmarketresearch.com
Report Discription: https://www.trendsmarketresearch.com/report/smart-pill-boxes-and-bottles-market
The global Smart Pill Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share..The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Smart Pill Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/smart-pill-market/download-sampleMarket DynamicsSmart pill is gaining robust popularity in pharmaceutical and healthcare sector.
Currently, smart pills are available for brain disease, chronic disease, and cancer.
Researchers are now investigating it for other diseases too.
This is projected to raise a concern about its application.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
The Smart Pill Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Smart Pill Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/smart-pill-market/download-sampleMarket DynamicsSmart pill is gaining robust popularity in pharmaceutical and healthcare sector.
Currently, smart pills are available for brain disease, chronic disease, and cancer.
The study revealed that half of the medications for chronic disease aren't taken as directed while about one-third of patients don't even fill their prescriptions.
This is projected to raise a concern about its application.
