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Smart Pill Boxes & Bottles Market Trends

Report ID: GMI6061
Published Date: Jun 2023
Report Format: PDF

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Smart Pill Boxes & Bottles Market Trends

Smart pill boxes and bottles have seen several technological advancements that have enhanced their functionality and usability in last few years. Connectivity and integration, sensor technology, voice control and virtual assistants and advanced medication compartment designs are among the key features of smart pill boxes and bottles. Smart pill boxes and bottles can now connect to smartphones, tablets, or other devices through Bluetooth or Wi-Fi. This connectivity enables synchronization with medication management apps, allowing users to set reminders, receive notifications, and track adherence on their mobile devices.

Additionally, miniaturized sensors are being integrated into smart pill boxes and bottles to provide accurate tracking and monitoring capabilities. These sensors can detect when a medication compartment is opened or when a pill is dispensed, enabling real-time tracking of medication adherence. Further, battery efficiency and charging options and data analytics features are other parameters that are projected to propel the product adoption.

Authors: Mariam Faizullabhoy , Shishanka Wangnoo

Frequently Asked Questions (FAQ) :

The global market size for smart pill boxes & bottles was valued at more than USD 158 million in 2022 and will reach over USD 379.5 million by 2032, backed by the aging population, rising cases of chronic diseases, and increasing medication non-adherence.

The industry share from dementia segment is anticipated to reach over USD 172.2 million by 2032, as the smart pill boxes and bottles provide reminders and organization features that help dementia patients to take their medications correctly and on time.

North American market for smart pill boxes and bottles was valued at USD 64.3 million in 2022 and will continue to grow owing to several advantages offered by the product such as better management of chronic ailments.

Medipense Inc., Medminder, Inc., PharmRight Corporation, e-pill Medication Reminders, AdhereTech, Group Medical Supply LLC, and Koninklijke Philips NV among others.