Market Overview:
The global smart pill dispenser market is expected to grow at a CAGR of 7.5% 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 growing demand for technologically advanced healthcare products. By type, the portable smart pill dispensers segment is expected to grow at a higher CAGR than the desktop segment during the forecast period. By application, the household segment is expected to dominate the global smart pill dispenser market in terms of revenue share during 2018-2030.
Product Definition:
A Smart Pill Dispenser is a device that dispenses medication to a person on a preset schedule. The importance of Smart Pill Dispensers is that they help ensure that people take their medication as prescribed, which can improve their health outcomes.
Portable:
The global portable market is expected to witness significant growth over the forecast period. The major factor that propels the demand for portable is increasing number of people with chronic diseases and a growing aging population. Portable devices are more convenient, flexible, and offer greater patient compliance owing to which they are preferred by patients over conventional devices such as bottles or cups.
Desktop:
The desktop is a portable or fixed unit used to access information and files. It can be used in smart pill dispenser market for inventory control, sales analysis, customer data base search and many more. The desktop helps the user to access their personal computer from remote locations using software applications such as Microsoft Windows Aero and Mac OS X Aqua.
Application Insights:
In 2017, the household application segment accounted for the largest share in the global smart pill dispenser market. The growth of this segment can be attributed to increasing demand for efficient and easy-to-use healthcare devices at home. Furthermore, growing awareness about taking pills consistently is expected to drive growth over the forecast period.
The hospitals and aged care facilities application segment is projected to witness significant growth during the forecast period owing to rising geriatric population across countries, such as Japan and Germany that are driving investments for developing new treatment options for them. Moreover, technological advancements in robotics coupled with sensors have enabled advanced hospital automation that includes patient monitoring systems which dispense medicine through a robotic arm attached with a tablet computer on an overhead projector screen thus eliminating human effort from dispensing medicines into capsules or tablets. Such technological advancements are anticipated to further boost adoption of smart pill dispensers in hospitals over next few years thereby contributing towards revenue generation during 2018 - 2030 period.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to increasing adoption of smart pill dispensers by pharmacies and rising healthcare expenditure. Moreover, growing demand for smart pill organizers and remote monitoring systems is expected to drive the regional market over the forecast period. Europe accounted for a significant share in terms of revenue in 2017 owing to high demand from countries such as Germany, U.K., Italy, France, Spain among others.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing awareness about advanced medical technologies coupled with growing health care spending by governments and private sectors especially hospitals & clinics that are adopting these dispensing systems at large scale across Japan, China among other Asian countries are anticipated boost market growth over next eight years till 2030 time-frame).
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 smart pill dispensers, as they help seniors stay independent and manage their medication schedules effectively.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as diabetes, heart disease, and arthritis is increasing rapidly across the world due to changing lifestyles and aging populations. This is leading to an increased demand for smart pill dispensers that can help patients manage their medication schedules more effectively.
- Growing awareness about health benefits of smart pill dispensers: There is growing awareness among consumers about the health benefits offered by smart pill dispensers such as improved medication adherence, reduced hospital admissions, etc. This is resulting in an increase in demand for these devices from consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Pill Dispenser Market Research Report
By Type
Portable, Desktop
By Application
Household, Hospitals and Aged Care Facilities, Pharmacy
By Companies
Hero Health, Lepu Medical, LiveFine, e-pill，LLC, TabTimer, Philips, Pivotell Ltd, Pharmacell Medication Systems Ltd.,, Karie Health, MedMinder, Medipense, PharmRight Corporation
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
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Smart Pill Dispenser Market Report Segments:
The global Smart Pill Dispenser market is segmented on the basis of:
Types
Portable, Desktop
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, Hospitals and Aged Care Facilities, Pharmacy
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:
- Hero Health
- Lepu Medical
- LiveFine
- e-pill，LLC
- TabTimer
- Philips
- Pivotell Ltd
- Pharmacell Medication Systems Ltd.,
- Karie Health
- MedMinder
- Medipense
- PharmRight Corporation
Highlights of The Smart Pill Dispenser 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:
- Portable
- Desktop
- By Application:
- Household
- Hospitals and Aged Care Facilities
- Pharmacy
- 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 Smart Pill Dispenser 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?
A Smart Pill Dispenser is a machine that dispenses pills automatically. It can be used to administer medications, supplements, or other substances.
Some of the key players operating in the smart pill dispenser market are Hero Health, Lepu Medical, LiveFine, e-pill，LLC, TabTimer, Philips, Pivotell Ltd, Pharmacell Medication Systems Ltd.,, Karie Health, MedMinder, Medipense, PharmRight Corporation.
The smart pill dispenser market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Pill Dispenser 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 Smart Pill Dispenser Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Pill Dispenser 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 Smart Pill Dispenser 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 Smart Pill Dispenser Market Size & Forecast, 2020-2028
4.5.1 Smart Pill Dispenser Market Size and Y-o-Y Growth
4.5.2 Smart Pill Dispenser 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 Portable
5.2.2 Desktop
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 Hospitals and Aged Care Facilities
6.2.3 Pharmacy
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Pill Dispenser 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 Smart Pill Dispenser 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 Portable
9.6.2 Desktop
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 Hospitals and Aged Care Facilities
9.10.3 Pharmacy
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 Portable
10.6.2 Desktop
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 Hospitals and Aged Care Facilities
10.10.3 Pharmacy
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 Portable
11.6.2 Desktop
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 Hospitals and Aged Care Facilities
11.10.3 Pharmacy
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 Portable
12.6.2 Desktop
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 Hospitals and Aged Care Facilities
12.10.3 Pharmacy
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 Portable
13.6.2 Desktop
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 Hospitals and Aged Care Facilities
13.10.3 Pharmacy
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 Smart Pill Dispenser Market: Competitive Dashboard
14.2 Global Smart Pill Dispenser Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hero Health
14.3.2 Lepu Medical
14.3.3 LiveFine
14.3.4 e-pill，LLC
14.3.5 TabTimer
14.3.6 Philips
14.3.7 Pivotell Ltd
14.3.8 Pharmacell Medication Systems Ltd.,
14.3.9 Karie Health
14.3.10 MedMinder
14.3.11 Medipense
14.3.12 PharmRight Corporation
