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What key factors are powering the surge in the smart drug delivery systems market right now?

The smart drug delivery systems market has grown swiftly and is forecasted to rise from $12.65 billion in 2024 to $15.17 billion in 2025 at a CAGR of 19.9%. This growth has been fueled by increasing demand for drug delivery systems, higher patient compliance, a rising prevalence of chronic diseases, personalized medicine advancements, and cost-effective healthcare solutions.

How fast Is the smart drug delivery systems market expected to grow, and what’s its future value?

The smart drug delivery systems market is expected to experience significant growth, reaching $31.01 billion in 2029 with a CAGR of 19.6%. Key growth factors include increasing prevalence of non-communicable diseases, precision medicine advancements, rising demand for non-invasive drug delivery, and growing healthcare expenditures. Trends include miniaturization, AI and machine learning integration, nano-drug delivery system advancements, and wearable IoT technology.

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What are the leading drivers of growth in the smart drug delivery systems market?

The escalating rates of chronic diseases are anticipated to augment the growth of the smart drug delivery systems market in the future. Chronic diseases, defined as health conditions that develop slowly over a long period of time and often have multifaceted origins, are becoming more prevalent due to growing elderly populations, environmental factors, and differences in healthcare accessibility. The management of chronic diseases could be significantly improved by smart drug delivery systems, which bolster medication efficacy and elevate patient compliance. For example, data from the National Library of Medicine, a medical library based in the US, indicates that by 2050, about 142.66 million individuals will have at least one chronic disease, reflecting a 99.5% increase from 71.522 million in 2020. Hence, the increasing rates of chronic illnesses fuel the growth of the smart drug delivery systems market.

What are the key segments defining the smart drug delivery systems market?

The smart drug delivery systems market covered in this report is segmented –

1) By Product: Connected Inhalers, Connected Autoinjectors, Connected Pen Injectors, Connected Wearable Injectors, Add-On Sensors, Other Products

2) By Therapeutic Area: Metabolic Disorders, Neurological Disorders, Respiratory Disorders, Hormonal Disorders, Other Therapeutic Areas

3) By Drug Delivery Mode: Injectable, Inhalation, Oral

4) By End-User: Hospitals, Clinics, Home Care, Ambulatory Care Settings, Other End-Users

Subsegments:

1) By Connected Inhalers: Dry Powder Inhalers (DPIs), Metered Dose Inhalers (MDIs)

2) By Connected Autoinjectors: Single-Dose Autoinjectors, Multi-Dose Autoinjectors

3) By Connected Pen Injectors: Insulin Pen Injectors, Biologic Pen Injectors

4) By Connected Wearable Injectors: Insulin Wearable Injectors, Infusion Pump Wearable Injectors

5) By Add-On Sensors: Glucose Monitoring Sensors, Medication Adherence Sensors, Temperature Sensors

6) By Other Products: Smart Syringes, Smart Patches, Smart Implants

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Who are the key players steering the development of the smart drug delivery systems market?

Major companies operating in the smart drug delivery systems market are Pfizer Inc., Johnson & Johnson, Bayer AG, Abbott Laboratories, Novartis International AG, Medtronic plc, Eli Lilly and Company, Amgen Inc., Novo Nordisk, Merck Group, Becton Dickinson and Company, Stryker Corporation, Baxter International Inc., Boston Scientific Corporation, Biogen Inc., Vertex Pharmaceuticals Incorporated, Phillips-Medisize Corporation, ResMed Inc., West Pharmaceutical Services Inc., Insulet Corporation, Owen Mumford Ltd., Sonceboz, H&T Presspart Manufacturing Ltd., E3D Elcam Drug Delivery Devices, CeQur Corporation

What emerging trends are influencing the growth of the smart drug delivery systems market?

Prominent enterprises in the smart drug delivery systems domain are focusing their efforts on creating reusable drug delivery apparatuses, such as Qfinity, that could potentially transform the field of drug dispensation. Qfinity, a reusable drug delivery piece of equipment, is devised to dispense medicine, providing a sustainable alternative to single-use devices which are discarded after a single use. Take for example Jabil Inc., a manufacturing services firm based in the US, which in May 2022 introduced Qfinity, a reusable drug administration gadget devised for subcutaneous self-administration of medicines. This device has the capacity to manage over 100 injections for each device, fitting 1 mL or 2.25 mL pre-loaded cartridges and allowing a substantial 60% decrease in carbon footprint each injection. The Qfinity autoinjector platform is adaptable with wide-ranging technical specifications for drug volumes and viscosities. In addition, an interconnected edition named Qfinity+ enables distant monitoring of patients’ care and adherences with built-in sensors and electronics, guaranteeing connectivity without sacrificing user-friendliness.

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Which regions are most influential in expanding the smart drug delivery systems market?

North America was the largest region in the smart drug delivery systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart drug delivery systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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