Leading Connected Drug Delivery Devices Technology Markets Databank

Leading Connected Drug Delivery Devices Technology Markets Databank

The Connected Drug Delivery Devices market was valued at $319.0 Million in 2020, and is projected to reach $743.8 Million by 2029 growing at a CAGR of 9.92% from 2021 to 2029. Service segment is expected to be the highest contributor to this market, with $163.2 Million in 2020, and is anticipated to reach $377.5 Million by 2029, registering a CAGR of 9.83%. Bluetooth segment is anticipated to reach $156.0 Million by 2029 with the highest CAGR of 10.04%. Service and Near field communication segments collectively expected to account for about 79.2% share of the Connected Drug Delivery Devices market in 2020, with the former constituting around 51.1% share. Bluetooth and Near field communication segments are expected to witness significant growth rates at a CAGR of 10.04% and 10.00% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 48.9% in the overall Connected Drug Delivery Devices market in 2020, and is anticipated to reach 49.2% by 2029.