Market Overview:
The global electronic pill box market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in the field of medication management. Based on type, the global electronic pill box market is segmented into wire-based and wireless-based devices. The wireless-based devices segment is expected to grow at a higher CAGR than the wire-based devices segment during the forecast period. This can be attributed to the growing demand for technologically advanced products and increasing preference for convenience among consumers. Based on application, the global electronic pill box market is divided into household and commercial applications. The household application segment dominates this market owing to rising awareness about medication management among consumers across all age groups.
Product Definition:
An electronic pill box is a device that helps people with medication management. The device has several compartments for storing pills, and it prompts the user to take their medication at the appropriate time. Electronic pill boxes are often used by people who have difficulty remembering to take their medication, or by people who need to take medications at specific times throughout the day.
Wire:
Wire is one of the important components in electronic pill box market. It has a wide range of applications such as it can be used for making semiconductors, computer memory, electric motors and many other industrial products. The growth factor in this market is increasing demand from end-user industries such as healthcare & pharmaceuticals industry which uses these electronic pill boxes to store medicines and other health related material.
Wireless:
Wireless is the transfer of information without connecting wires. It uses radio waves or wireless technology to communicate. Wireless technology has many different applications such as communication, computing, navigation and medical diagnosis. The electronic pill box is one of the most popular application of wireless technology in daily use because it helps in keeping track of pills and medicines with no effort at all.
Application Insights:
The household segment dominated the global market in 2017. The growth of this segment can be attributed to increasing disposable income among the middle-class population, especially in countries such as India and China. Furthermore, rising demand for energy-efficient products has also positively influenced product demand in this segment. Electronic pill boxes are considered more convenient and user-friendly than conventional pill boxes due to the inclusion of features such as LED lights that indicate when a dose is remaining or pills have been taken already. These factors have led to increased penetration of electronic pillboxes among households across various regions globally.
Commercial application is expected register a significant CAGR during the forecast period owing to an increase in healthcare awareness coupled with growing adoption of these devices by hospitals and clinics worldwide due to their ease of use.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing awareness among consumers regarding health and safety, technological advancements, and high disposable income of consumers in this region. Moreover, presence of major electronic pill boxes manufacturers such as Accu-Chek; Abbott; Alarm Clock Systems Inc.; AllClear ID; American Well Corporation; Ascensa LLC; BAYADA Home Health Care Inc.; BioDirectional Technology LLC (BETTER); C3 Medical Solutions Ltd.; Compounding Pharmacy Group, LLC (CPG) ; Datronik Holdings BVBA DATRONEK S.A.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising geriatric population base coupled with growing disposable income especially in developing economies such as China.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increase in demand for electronic pill boxes, as they help seniors keep track of their medication schedules and manage their health conditions effectively.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as cancer, diabetes, heart disease, and Alzheimer’s is increasing rapidly across the world due to changing lifestyles and aging populations. This is leading to an increased demand for electronic pill boxes as they help patients manage their medications more effectively.
- Technological advancements: Electronic pill box manufacturers are constantly innovating new technologies that make it easier for patients to keep track of their medication schedules electronically or through voice recognition software etc., thereby making it simpler for them adhere to their treatment plans accurately. This is driving the growth of this market significantly worldwide .
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Pill Box Market Research Report
By Type
Wire, Wireless
By Application
Household, Commercial
By Companies
MedMinder, Vaica, Alert 1, Bioland Technology, MedFolio, Robotik Technology, Eocene Systems, Medissimo, MedSignals
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Pill Box Market Report Segments:
The global Electronic Pill Box market is segmented on the basis of:
Types
Wire, Wireless
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MedMinder
- Vaica
- Alert 1
- Bioland Technology
- MedFolio
- Robotik Technology
- Eocene Systems
- Medissimo
- MedSignals
Highlights of The Electronic Pill Box Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wire
- Wireless
- By Application:
- Household
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electronic Pill Box Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electronic pill box is a small, portable device that helps you to keep track of your medication. It typically has a screen and buttons for entering the date, time, and dosage of each dose of medication. The electronic pill box can also be programmed to remind you to take your medications at specific times or days.
Some of the major companies in the electronic pill box market are MedMinder, Vaica, Alert 1, Bioland Technology, MedFolio, Robotik Technology, Eocene Systems, Medissimo, MedSignals.
The electronic pill box market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electronic Pill Box Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electronic Pill Box Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electronic Pill Box Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electronic Pill Box Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electronic Pill Box Market Size & Forecast, 2020-2028
4.5.1 Electronic Pill Box Market Size and Y-o-Y Growth
4.5.2 Electronic Pill Box Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Wire
5.2.2 Wireless
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electronic Pill Box Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electronic Pill Box Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Wire
9.6.2 Wireless
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Wire
10.6.2 Wireless
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Wire
11.6.2 Wireless
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Wire
12.6.2 Wireless
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Wire
13.6.2 Wireless
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electronic Pill Box Market: Competitive Dashboard
14.2 Global Electronic Pill Box Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MedMinder
14.3.2 Vaica
14.3.3 Alert 1
14.3.4 Bioland Technology
14.3.5 MedFolio
14.3.6 Robotik Technology
14.3.7 Eocene Systems
14.3.8 Medissimo
14.3.9 MedSignals
