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The Medication Compliance Monitoring Market - 1st Edition

  • PDF Icon

    Report

  • 120 Pages
  • October 2023
  • Region: Global
  • Berg Insight AB
  • ID: 5890965
Description Jump to:

The Medication Compliance Monitoring Market is a new report that gives first-hand insights into the adoption of wireless solutions that help patients to improve medication adherence. This strategic research report provides you with unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.

How should the mobile industry address the vast business opportunity in wireless healthcare monitoring? There were 4.4 million connected medication compliance monitoring devices being used worldwide at the end of 2022. The market is forecasted to grow at a compound annual growth rate (CAGR) of 13.2 percent during the next years to reach an installed base of 8.2 million units by 2027. Medication compliance monitoring solutions include injected medication solutions, inhaled medication solutions as well as pill bottles and dispensers. Learn more about how wireless technology can become seamlessly integrated with these devices in this 120-page in-depth report.

This report will allow you to

  • Profit from numerous executive interviews with market leading companies
  • Learn about key medication compliance monitoring devices and services
  • Study the strategies of 43 key players in the medication compliance monitoring ecosystem
  • Understand the market dynamics in North America, Europe and the Rest of World
  • Comprehend how technology can become seamlessly integrated with medical devices
  • Evaluate the business opportunities in the emerging medication adherence monitoring segment
  • Predict future market and technology developments

The report answers the following questions

  • Who are the leading providers of connected medication compliance monitoring devices?
  • What are the strategies of medical device vendors and pharmaceutical companies?
  • What are the general technology trends for medication monitoring solutions?
  • How is AI transforming the connected medication device market?
  • Why are smartphone applications so significant for this market?
  • How can connectivity redefine the use cases of medical devices?
  • How can healthcare providers and payers benefit from these solutions?
  • How are new reimbursement policies affecting this market?

Table of Contents


Executive Summary
1 The Challenge of Chronic Diseases
1.1 Introduction
1.1.1 The ageing population
1.2 Chronic diseases
1.2.1 Cardiovascular diseases
1.2.2 Chronic respiratory diseases
1.2.3 Diabetes
1.3 Healthcare systems
1.3.1 Healthcare in North America
1.3.2 Healthcare in Europe
1.3.3 Healthcare in Asia-Pacific
1.4 The regulatory environment
1.4.1 Regulatory environment in North America
1.4.2 Regulatory environment in Europe
1.4.3 Regulatory environment in other major markets
1.4.4 Medical data regulations
1.4.5 Standardisation
1.5 The reimbursement environment

2 Medication Compliance Monitoring
2.1 Market overview
2.2 Form factors and use cases
2.2.1 Injected medication solutions
2.2.2 Inhaled medication solutions
2.2.3 Pill bottle and dispenser solutions
2.3 Challenges with existing medication compliance technologies
2.4 Injected medication solution providers
2.4.1 Beta Bionics
2.4.2 Bigfoot Biomedical
2.4.3 Biocorp
2.4.4 Credence MedSystems
2.4.5 Eli Lilly and Company
2.4.6 Innovation Zed
2.4.7 Insulet Corporation
2.4.8 Medtronic
2.4.9 Medtrum Technologies
2.4.10 Merck Group
2.4.11 Noble International (Aptar Group)
2.4.12 Novo Nordisk
2.4.13 Phillips-Medisize
2.4.14 Roche
2.4.15 Tandem Diabetes Care
2.4.16 Ypsomed
2.5 Inhaled medication solution providers
2.5.1 Adherium
2.5.2 Amiko Digital Health
2.5.3 Aptar Group
2.5.4 Cognita Labs
2.5.5 FindAir
2.5.6 NuvoAir
2.5.7 Propeller Health
2.5.8 Teva Pharmaceutical Industries
2.6 Pill bottle and dispenser solution providers
2.6.1 AARDEX Group
2.6.2 AceAge
2.6.3 AdhereTech
2.6.4 Compliance Meds Technologies
2.6.5 Evondos Group
2.6.6 Hero Health
2.6.7 Information Mediary Corporation
2.6.8 iZafe Group
2.6.9 Legrand Care
2.6.10 Medimi
2.6.11 MedMinder
2.6.12 MedReady
2.6.13 PharmAdva
2.6.14 SMRxT
2.6.15 Spencer Health Solutions
2.6.16 Vaica
2.7 Medication compliance packaging solution providers
2.7.1 Schreiner MediPharm
2.7.2 WestRock
2.8 Digital Pills
2.8.1 etectRx

3 Market Forecasts and Trends
3.1 Vendor landscape
3.2 Market analysis and forecasts
3.2.1 Injected medication compliance monitoring solutions
3.2.2 Inhaled medication compliance monitoring solutions
3.2.3 Pill bottle and dispenser solutions
3.3 Market trends
3.3.1 The market for connected medication management is gaining traction
3.3.2 Launch of AI-based inhalers are revolutionizing the respiratory care market
3.3.3 COVID-19 became a catalyst for the growth of mHealth solutions
3.3.4 Healthcare staff shortages calls for efficient healthcare
3.3.5 Advancing ingestible biosensor technology
3.3.6 From remote patient monitoring to data-driven patient engagement
3.3.7 Solution vendors show interest in sustainability
3.3.8 Favourable policies that align financial incentives are driving RPM adoption
3.3.9 A growing market and new entrants lead to a changing market landscape
3.3.10 Shift in preference from traditional drug delivery to smart drug delivery
3.3.11 BYOD has become a common option for telehealth
3.3.12 M&As drive consolidation in the connected medication technology landscape 110
3.3.13 Growing investment interest in the digital health market
3.3.14 An ageing population increases healthcare expenditures
  • List of Acronyms and Abbreviations
List of Figures
Figure 1.1: Population by age group and region
Figure 1.2: Prevalence of diabetes by region (World 2021)
Figure 1.3: Share of the population covered by private health insurance (2021)
Figure 1.4: Total health expenditure per capita by country (2021)
Figure 1.5: Total and per capita healthcare expenditure by country (North America 2021)
Figure 1.6: Healthcare spending by type of service and product (Canada 2022)
Figure 1.7: Health insurance coverage by type of insurance (US 2021)
Figure 1.8: Healthcare spending by type of service and product (US 2021)
Figure 1.9: Summary of RPM and RTM codes
Figure 2.1: Common causes of medication non-adherence
Figure 2.2: Examples of medication management solutions
Figure 2.3: Pill bottle and dispenser solution types
Figure 2.4: Injected medication solution providers and their product offerings
Figure 2.5: Current and forthcoming insulin-pump devices
Figure 2.6: Bigfoot Biomedical Unity system
Figure 2.7: Eli Lilly’s Tempo Personalized Diabetes Management Platform
Figure 2.8: Medtronic Diabetes revenues by sub-segment (World 2022)
Figure 2.9: Phillips-Medisize Aria Smart Autoinjector
Figure 2.10: Roche mySugr app
Figure 2.11: The FindAir asthma management app and inhaler sensor
Figure 2.12: Propeller Health’s asthma management app and inhaler sensor
Figure 2.13: Teva Respiratory Digihaler system
Figure 2.14: The AdhereTech smart pill bottle
Figure 2.15: The Hero Health smart medication dispenser
Figure 2.16: The Spencer SmartHub from Spencer Health Solutions
Figure 2.17: Schreiner MediPharm Smart Blister Wallet and Smart Blister Card
Figure 3.1: Medication management solutions by form factor
Figure 3.2: Medication compliance monitoring devices by segment (World 2021-2027)
Figure 3.3: Medication compliance monitoring market value (World 2021-2027)
Figure 3.4: Leading injected medication solution providers (2022)
Figure 3.5: Leading connected pill bottle and dispenser solution providers (World 2022)
Figure 3.6: Strategic activity in the connected medication compliance market (2019-2023)
Figure 3.7: Elderly population (65+) as a percentage of total population

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Beta Bionics
  • Bigfoot Biomedical 
  • Biocorp 
  • Credence MedSystems 
  • Eli Lilly and Company
  • Innovation Zed
  • Insulet Corporation 
  • Medtronic
  • Medtrum Technologies
  • Merck Group
  • Noble International (Aptar Group)
  • Novo Nordisk
  • Phillips-Medisize 
  • Roche
  • Tandem Diabetes Care
  • Ypsomed 
  • Adherium 
  • Amiko Digital Health 
  • Aptar Group 
  • Cognita Labs 
  • FindAir
  • NuvoAir 
  • Propeller Health
  • Teva Pharmaceutical Industries 
  • AARDEX Group
  • AceAge 
  • AdhereTech 
  • Compliance Meds Technologies
  • Evondos Group 
  • Hero Health
  • Information Mediary Corporation 
  • iZafe Group
  • Legrand Care
  • Medimi 
  • MedMinder
  • MedReady 
  • PharmAdva 
  • SMRxT 
  • Spencer Health Solutions
  • Vaica 
  • Schreiner MediPharm
  • WestRock
  • etectRx 

Methodology

 

 

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