Smart Pill Bottle Market

The market home to a large number of new technological advancements which are expected to cater to various demands of the healthcare sector.

Smart pill bottle market.

The smart pill boxes bottles market is expected to register robust growth in the near future. The pill connect bottle works in conjunction with an app on the patient s smartphone. These include demands for efficiency hygiene robust packaging and marketing solutions. The smart pill cap will beep every ten minutes for up to an hour or until you open it.

Further the market for smart pill boxes bottles was valued at usd xxx x million in 2018. These manufacturers are competing on the basis of the new product launched improving software technology and develop new innovation in the existing systems. The smart pill boxes bottles market is dominated by the top 3 manufacturers which include koninklijke philips n v adheretech pharmright corporation livi. The global smart pills market was valued at 257 million in 2017 and is expected to reach 650 million by 2025 registering a cagr of 12 1 from 2018 to 2025.

Water bottles to remain most promising application for smart bottles. According to this study over the next five years the smart pill boxes and bottles market will register a xx cagr in terms of revenue the global market size will reach us xx million by 2024 from us xx million in 2019. The decision by big pharmacies like walgreens to compete with online deliveries the invent of 3d printing and growing demand for personal medicine in the region are likely to drive this growth. Smart pills being non invasive can be a potent alternative approach against invasive procedures such as gastrointestinal endoscopy colonoscopy.

Pill connect is not a consumer market product. The minimum supply that can be stored in the bottle is 30 pills or capsules. Growth drivers smart pill boxes bottles market. The global smart pill boxes and bottles market is likely to witness robust growth in north america.

Transparency market research estimates that the global smart bottle market which was pegged at us 88 6 mn in 2016 will reach us 258 8 mn by 2024 registering a cagr of 14 3 between 2016 and 2024. The bottle holds one prescription and can be set to dispense various pill and capsule sizes. The smart pill boxes bottles market is anticipated to flourish at a cagr of 10 7 over the forecast period i e.