Market Overview:
The global medication telemanagement devices market is expected to grow at a CAGR of 10.8% during the forecast period 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 medication telemanagement devices. Based on type, the global medication telemanagement devices market is segmented into inhalers, pill boxes, insulin pumps, and others. Inhalers are further sub-segmented into metered dose inhalers (MDIs) and dry powder inhalers (DPIs). The pill boxes segment is further divided into weekly pill boxes and daily pill boxes. Based on application, the global medication telemanagement devices market is segmented into hospitals, clinics, and others.
Product Definition:
Medication Telemanagement Devices are used to manage and monitor the medication usage of a patient. This can include devices that track when a patient takes their medication, how much medication is taken, or what side effects may occur. The importance of Medication Telemanagement Devices is that they can help ensure that patients are taking their medications as prescribed and that any potential side effects are monitored.
Inhalers:
Inhalers is a class of respiratory devices that delivers medication by compressed air to the lungs. The most common types of inhalers are nebulizers and metered dose inhalers. Inhaled medications can be used for treating conditions such as asthma, COPD, bronchospasm, pulmonary fibrosis and other diseases associated with breathing difficulties.
Pill Boxes:
Pill boxes are small containers that hold multiple pills of specific doses. They are available in different sizes and shapes to suit the needs of consumers. The number of compartments in a pill box can vary from one to six, with each compartment holding up to three pills. Pill boxes come in various forms such as plastic, glass or metal and can be used by patients at home as well as by those taking medication at hospitals or pharmacies.
Application Insights:
Based on application, the global market has been segmented into hospitals, clinics and other medical facilities, home healthcare management systems and others. The hospital segment dominated the market in 2017 due to factors such as increasing prevalence of chronic diseases that require regular medication and a high number of hospitalized patients. Furthermore, an increase in R&D activities pertaining to new product development for telehealth applications is expected to drive the growth of this segment over the forecast period.
The clinic or other medical facility sub-segment is anticipated to witness significant growth during the forecast period owing to factors such as an increase in patient visits at outpatient departments (OPDs) due to rising awareness about health issues coupled with growing disposable income levels among consumers across developing countries including China India Brazil Thailand Mexico Indonesia etc.
Regional Analysis:
North America dominated the global medication telemanagement devices market in 2017. This can be attributed to the presence of a large number of pharmaceutical companies, which are actively involved in developing and marketing these systems. Moreover, high healthcare expenditure levels and technological advancements are also contributing towards market growth in this region.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to factors such as improving healthcare infrastructure and growing target population base with rising incidences of chronic diseases requiring long-term treatment. Furthermore, increasing government initiatives for usage of remote monitoring tools for reducing treatment costs are anticipated to fuel regional growth during the forecast period (2018 - 2030).
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 increased demand for medication telemanagement devices, as they help seniors manage their medications effectively.
- Growing prevalence of chronic diseases: The prevalence of chronic diseases such as diabetes, heart disease, and asthma is increasing globally due to changing lifestyles and environmental factors. This is leading to an increase in the demand for medication telemanagement devices, as they help patients manage their medications effectively and improve compliance with treatment plans.
- Technological advancements: Medication telemanagement devices are becoming increasingly sophisticated with new features being added regularly. This is resulting in greater adoption rates among consumers, healthcare providers, payers, etc., fuelling market growth further..
Scope Of The Report
Report Attributes
Report Details
Report Title
Medication Telemanagement Devices Market Research Report
By Type
Inhalers, Pill Boxes, Insulin Pumps, Others
By Application
Hospitals, Clinics, Others
By Companies
Abiogenix, Adherium, IA Collaborative, Insulet, MedFolio, Medissimo, MedMinder, MedSignals, Propeller Health, Robotik Technology, Tandem Diabetes Care
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Medication Telemanagement Devices Market Report Segments:
The global Medication Telemanagement Devices market is segmented on the basis of:
Types
Inhalers, Pill Boxes, Insulin Pumps, Others
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
Hospitals, Clinics, Others
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:
- Abiogenix
- Adherium
- IA Collaborative
- Insulet
- MedFolio
- Medissimo
- MedMinder
- MedSignals
- Propeller Health
- Robotik Technology
- Tandem Diabetes Care
Highlights of The Medication Telemanagement Devices 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:
- Inhalers
- Pill Boxes
- Insulin Pumps
- Others
- By Application:
- Hospitals
- Clinics
- Others
- 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 Medication Telemanagement Devices 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.
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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?
Medication telemanagement devices (MTD) are electronic medical equipment that allow healthcare professionals to remotely monitor and administer medications to patients. MTDs can be used in hospitals, clinics, or homes.
Some of the key players operating in the medication telemanagement devices market are Abiogenix, Adherium, IA Collaborative, Insulet, MedFolio, Medissimo, MedMinder, MedSignals, Propeller Health, Robotik Technology, Tandem Diabetes Care.
The medication telemanagement devices market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medication Telemanagement Devices 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 Medication Telemanagement Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medication Telemanagement Devices 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 Medication Telemanagement Devices 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 Medication Telemanagement Devices Market Size & Forecast, 2018-2028
4.5.1 Medication Telemanagement Devices Market Size and Y-o-Y Growth
4.5.2 Medication Telemanagement Devices Market Absolute $ Opportunity
Chapter 5 Global Medication Telemanagement Devices 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 Medication Telemanagement Devices Market Size Forecast by Type
5.2.1 Inhalers
5.2.2 Pill Boxes
5.2.3 Insulin Pumps
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medication Telemanagement Devices 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 Medication Telemanagement Devices Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medication Telemanagement Devices 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 Medication Telemanagement Devices 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 Medication Telemanagement Devices Analysis and Forecast
9.1 Introduction
9.2 North America Medication Telemanagement Devices 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 Medication Telemanagement Devices Market Size Forecast by Type
9.6.1 Inhalers
9.6.2 Pill Boxes
9.6.3 Insulin Pumps
9.6.4 Others
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 Medication Telemanagement Devices Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Others
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 Medication Telemanagement Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Medication Telemanagement Devices 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 Medication Telemanagement Devices Market Size Forecast by Type
10.6.1 Inhalers
10.6.2 Pill Boxes
10.6.3 Insulin Pumps
10.6.4 Others
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 Medication Telemanagement Devices Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Others
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 Medication Telemanagement Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medication Telemanagement Devices 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 Medication Telemanagement Devices Market Size Forecast by Type
11.6.1 Inhalers
11.6.2 Pill Boxes
11.6.3 Insulin Pumps
11.6.4 Others
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 Medication Telemanagement Devices Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Others
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 Medication Telemanagement Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Medication Telemanagement Devices 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 Medication Telemanagement Devices Market Size Forecast by Type
12.6.1 Inhalers
12.6.2 Pill Boxes
12.6.3 Insulin Pumps
12.6.4 Others
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 Medication Telemanagement Devices Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Others
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) Medication Telemanagement Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medication Telemanagement Devices 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) Medication Telemanagement Devices Market Size Forecast by Type
13.6.1 Inhalers
13.6.2 Pill Boxes
13.6.3 Insulin Pumps
13.6.4 Others
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) Medication Telemanagement Devices Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Others
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 Medication Telemanagement Devices Market: Competitive Dashboard
14.2 Global Medication Telemanagement Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abiogenix
14.3.2 Adherium
14.3.3 IA Collaborative
14.3.4 Insulet
14.3.5 MedFolio
14.3.6 Medissimo
14.3.7 MedMinder
14.3.8 MedSignals
14.3.9 Propeller Health
14.3.10 Robotik Technology
14.3.11 Tandem Diabetes Care
