Connected Drug Delivery Devices Market Expected To Witness Lucrative Growth At CAGR Of 25.1% For The Forecast Period From 2018 To 2025 : Grand View Research Inc.
San Francisco, 4 July 2019: The Report Connected Drug Delivery Devices Market Analysis Report By Technology (Bluetooth, NFC), By Product (Connected Sensors, Integrated Connected Devices), By End User, And Segment Forecasts, 2018 – 2025 The global connected drug delivery devices market size is expected to reach USD 717.7 million by 2025, according to a new report by Grand View Research, Inc. The market is projected to expand at a strong CAGR of 25.1% during the forecast period. Factors contributing to the growth of this market include rise in awareness regarding adverse effects of non-adherence to medication and increased adoption of IoT, patient connectivity, and engagement. Based on the product type, connected drug delivery systems are categorized as sensors and integrated devices. The sensors segment accounted for the largest market share of 72.6% in 2017. The connected sensors are cost-effective as compared to their integrated counterparts. Moreover, the cost of switching fr