#Smart Pills Technology Market Share

[businessintelligenceinsightsblog]

As per Business Intelligence Insights (BII) study, the global Smart Pills Technology Market attained revenue growth of USD 3,291.5 million in 2021 and it is projected to reach around USD 6,321.6 million by 2030, growing at an 8.5% CAGR.

[jayanthitbrc]

Global Automatic Pill Dispenser Market Analysis 2024: Size Forecast and Growth Prospects

The automatic pill dispenser global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Automatic Pill Dispenser Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The automatic pill dispenser market size has grown strongly in recent years. It will grow from $2.67 billion in 2023 to $2.90 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to the aging population, medication non-adherence, increased chronic diseases, regulatory support, and awareness campaigns.

The automatic pill dispenser market size is expected to see strong growth in the next few years. It will grow to $4.00 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to advancements in AI and robotics, personalized healthcare solutions, increasing remote patient monitoring, growth in digital health startups, and expanding telehealth services. Major trends in the forecast period include integration with smart home systems, AI-driven customization, telemedicine integration, voice assistant features, and remote monitoring capabilities.\

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Scope Of Automatic Pill Dispenser Market The Business Research Company's reports encompass a wide range of information, including:

Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

Drivers: Examination of the key factors propelling market growth.

Trends: Identification of emerging trends and patterns shaping the market landscape.

Key Segments: Breakdown of the market into its primary segments and their respective performance.

Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

Macro Economic Factors: Assessment of broader economic elements impacting the market.

Automatic Pill Dispenser Market Overview

Market Drivers - Increasing cases of dementia are expected to propel the growth of the automatic pill dispenser market going forward. Dementia refers to a group of symptoms affecting memory, thinking, and social abilities severely enough to interfere with daily functioning. It is caused by various conditions, including Alzheimer's disease, vascular issues, and Lewy body dementia. The rise in dementia cases is largely attributed to an aging population, increased awareness, and improved diagnostic practices. Automatic pill dispensers are utilized in dementia care to ensure timely and accurate medication administration, helping to reduce the risk of missed or incorrect doses. For instance, in October 2022, according to the National Health Service England, a UK-based government department, there were 451,992 individuals with a coded diagnosis of dementia in September 2022, marking an increase of 1,450 since August 2022. Among individuals aged 65 and older estimated to have dementia, 62.2% had received a coded diagnosis by September 30, 2022, slightly up from 62.1% by August 2022. Therefore, the increasing cases of dementia are driving the growth of the automatic pill dispenser market.

Market Trends - Major companies operating in the automatic pill dispenser market are adopting a strategic partnership approach to enhance their technological capabilities and expand their market reach. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in February 2022, Dignio AS, a Norway-based provider of digital remote care solutions, partnered with AceAge Inc., a Canada-based healthcare technology company, to offer the Karie smart pill dispenser in Norway. The Karie smart pill companion is designed to deliver, remind, connect, and secure medication, promoting medication adherence and independence for patients. This integration is part of Dignio's connected care solution, which includes web-based software and user-friendly patient applications.

The automatic pill dispenser market covered in this report is segmented –

1) By Type: Centralized Automatic Dispenser, Decentralized Automatic Dispenser, Other Types 2) By Indication: Physical Disability, Neurodegenerative Disorders And Dementia, Other Indications 3) By Application: Hospital Pharmacy, Retail Pharmacy, Home Healthcare

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Regional Insights - North America was the largest region in the automatic pill dispenser market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automatic pill dispenser market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies - Major companies operating in the automatic pill dispenser market are McKesson Corporation, Koninklijke Philips N.V., Becton Dickinson and Company, Omnicell Inc., MedMinder Systems Inc, Capsa Healthcare, Hero Health Inc., Swisslog Healthcare, ARxIUM Inc., Aesynt Inc, PillDrill Inc., Talyst LLC, Tunstall Healthcare Group Ltd, Yuyama Co Ltd, InstyMeds Corporation, Accu-Chart Plus Healthcare Systems Inc., Capsule Technologies Inc., CareFusion Corporation, E-pill Medication Reminders, MedaCube, MedReady Inc., PharmaSystems Inc.

Table of Contents

Executive Summary

Automatic Pill Dispenser Market Report Structure

Automatic Pill Dispenser Market Trends And Strategies

Automatic Pill Dispenser Market – Macro Economic Scenario

Automatic Pill Dispenser Market Size And Growth …..

Automatic Pill Dispenser Market Competitor Landscape And Company Profiles

Key Mergers And Acquisitions

Future Outlook and Potential Analysis

Appendix

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[tmr-blogs2]

Blister Packaging Market to Reach USD 8.9 billion by 2031, expanding at a CAGR of 5.1%

The global blister packaging market for pharmaceutical industry was estimated to have acquired US$ 5.6 billion in 2022. It is anticipated to register a 5.1% CAGR from 2022 to 2031 and by 2031 the market is likely to gain US$ 8.9 billion.

A market study of blister packaging for the pharmaceutical sector indicates that this kind of packaging is widely used for tablets, capsules, pills, granules, and lozenges. The blister packing method is preferred by the pharmaceutical industry since it effectively preserves and shields product quality from various external pollutants.

Marketing and the methods by which medications are delivered both heavily depend on packaging. Items can last longer as blister packs protect them from outside factors like moisture and contaminants.

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Market Segmentation

The blister packaging market can be segmented based on several criteria:

By Service Type:

Thermoforming

Cold Forming

By Sourcing Type:

In-House Production

Outsourced Production

By Application:

Pharmaceuticals

Food and Beverages

Consumer Goods

Industrial Goods

Electronics

Others

By Industry Vertical:

Healthcare

Food and Beverage

Consumer Electronics

Automotive

Others

By Region:

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Regional Analysis

North America: Holds a significant share of the market due to advanced healthcare infrastructure and high demand for pharmaceutical packaging.

Europe: Follows closely with strong growth driven by stringent regulations regarding packaging and safety standards.

Asia Pacific: Expected to witness the fastest growth due to rapid industrialization, expanding pharmaceutical sector, and increasing consumer awareness about product safety.

Latin America and Middle East & Africa: These regions are also showing promising growth potential, driven by improving healthcare infrastructure and rising demand for packaged goods.

Market Drivers and Challenges

Drivers:

Growing pharmaceutical industry and demand for safe and tamper-evident packaging.

Advancements in packaging technology enhancing the efficiency and appeal of blister packaging.

Increasing consumer preference for convenient and easy-to-use packaging solutions.

Rising demand for packaged foods and consumer goods.

Challenges:

High initial costs associated with the setup of blister packaging machinery.

Environmental concerns related to plastic waste and the need for sustainable packaging solutions.

Stringent regulatory requirements for pharmaceutical packaging.

Market Trends

Increasing adoption of eco-friendly and recyclable materials in blister packaging.

Advancements in blister packaging technologies, such as smart packaging and anti-counterfeit features.

Growing use of blister packaging in the electronics and automotive industries.

Expansion of blister packaging applications in emerging markets.

Future Outlook

The blister packaging market is poised for robust growth, driven by technological advancements and increasing demand from various end-use industries. The focus on sustainability and the development of innovative packaging solutions will be key to the market's future. Emerging economies will offer significant growth opportunities as their industrial and healthcare sectors continue to expand.

Key Market Study Points

In-depth analysis of market dynamics and growth drivers.

Detailed segmentation and regional analysis.

Examination of market trends and future growth prospects.

Competitive landscape and strategies of key players.

Impact of technological advancements and regulatory changes.

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Competitive Landscape

The blister packaging market is highly competitive, with key players focusing on innovation, sustainability, and strategic partnerships to enhance their market position. Major companies operating in the market include:

Amcor Plc

Bemis Company, Inc.

Sonoco Products Company

Constantia Flexibles Group GmbH

WestRock Company

Recent Developments

Introduction of biodegradable and recyclable blister packaging solutions.

Strategic collaborations between packaging companies and pharmaceutical firms to develop specialized packaging solutions.

Investment in advanced manufacturing technologies to improve production efficiency and reduce costs.

Expansion of product portfolios to cater to diverse end-use industries.

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[priyanshisingh]

Lint Remover Market Landscape: Trends, Drivers, and Forecast (2023-2032)

The lint remover market is projected to grow from USD 2312.79 million in 2023 to USD 3606.39 million by 2032, with a compound annual growth rate of 5.06%.

A lint remover is a device specifically designed to remove lint, which are small fibers that detach from textiles and garments during wear or washing. These fibers can accumulate on clothing, giving it a less clean and worn-out appearance. Lint removers come in various forms, including lint rollers, brushes, and shavers. They can be manual or electric, with electric models sometimes offering features like rechargeability for added convenience. Lint removers are essential for maintaining the appearance and longevity of clothing, especially for materials that are prone to pilling or gathering lint. They are widely used both in residential settings for personal clothing care and in industrial applications, such as in laundry services and the garment industry, where maintaining a lint-free fabric is crucial for quality control.

The lint remover market is currently experiencing several dynamic trends that are shaping its growth and development:

Technological Advancements: There is a strong trend toward technological innovation in lint removers, with new features that enhance convenience and effectiveness. This includes the development of portable, battery-operated devices and smart lint removers that offer automated features, catering to the growing consumer demand for easy-to-use and efficient fabric care solutions​.

Eco-Friendly Solutions: Increasing consumer awareness of environmental issues is driving demand for eco-friendly lint removers. This includes products with rechargeable batteries and those made from sustainable materials, aligning with broader sustainability trends across consumer goods​.

Market Expansion: Significant market growth is projected, particularly in regions like Asia Pacific, which is expected to see substantial growth due to increasing disposable incomes and urbanization. This region's market expansion is supported by the growing middle class and enhanced access to home care products via e-commerce platforms​.

Competition and Innovation: The market is highly competitive with key players like Philips, 3M, and Conair continually innovating and expanding their product lines. Companies are focusing on differentiating their offerings through unique features and improved functionalities to capture a larger market share and appeal to a broad consumer base.

Key Player

Koninklijke Philips N.V.

3M Company

FLYCO

SID Superman

Conair LLC

Remington Arms Company LLC

Smartek USA Inc

Kemei Products

RIWA

Ningbo Trueman Electric Co Ltd

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Competitive Analysis

The lint remover market is highly competitive and diverse, with a variety of players and products shaping the landscape. Key companies like Philips, 3M, and Conair dominate the market, focusing on product innovation and quality to maintain their lead. These companies have developed a range of products from manual lint brushes to advanced electric shavers, catering to both residential and industrial users.

The market is segmented by type (lint rollers, brushes, shavers), operation (electric, manual), and end-user (residential, industrial, including garment and laundry services). Each segment caters to specific consumer needs, from household fabric care to professional-grade applications in the garment industry. The market's growth is fueled by increasing consumer awareness of fabric care and advancements in product technology, which offer more efficient and convenient solutions.

Geographically, North America and Europe hold significant market shares due to high standards for clothing care and the presence of major market players. However, the Asia-Pacific region is experiencing rapid growth, driven by rising disposable incomes and urbanization, which are increasing the demand for home care products like lint removers.

Companies are continuously innovating to capture market share, with recent developments including dual-sided pet hair and lint removers and lint filter systems integrated into laundry machines. These innovations reflect the market's dynamic nature and the ongoing competition among manufacturers to meet consumer demands for convenience and efficiency.

Overall, the lint remover market is characterized by its focus on technological advancements, strategic market activities by leading players, and an expanding range of products that address diverse consumer needs globally.

Segments:

Based on Type

Lint Roller

Lint Brush

Lint Shaver

Based on Operation

Electric

Manual

The lint remover market is being primarily driven by increasing awareness regarding hygiene and cleanliness, leading to a growing demand for efficient fabric care solutions. Additionally, the rising adoption of home appliances and the burgeoning trend of fabric maintenance among households are further propelling market growth.

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Size, Share, and Beyond: Understanding the Connected Medical Devices Market

Market Overview –

The Connected Medical Devices Market refers to the sector of the healthcare industry that encompasses medical devices integrated with connectivity features such as wireless technology, Bluetooth, or internet connectivity. These devices collect, monitor, and transmit patient data to healthcare providers or other authorized entities in real-time, enabling remote patient monitoring, telemedicine consultations, and data-driven healthcare management.

One significant driver of the Connected Medical Devices Market's growth is the increasing adoption of digital health solutions and the Internet of Things (IoT) in healthcare. These technologies enable healthcare providers to monitor patients' vital signs, medication adherence, and disease progression remotely, leading to improved patient outcomes, reduced hospital readmissions, and more efficient healthcare delivery.

Connected medical devices span various categories, including wearable fitness trackers, smart insulin pumps, remote cardiac monitors, continuous glucose monitors, and smart inhalers, among others. These devices offer benefits such as early detection of health issues, personalized treatment recommendations, and enhanced patient engagement and empowerment.

Moreover, the COVID-19 pandemic has accelerated the adoption of telehealth and remote patient monitoring solutions, driving further growth in the Connected Medical Devices Market. Patients and healthcare providers increasingly rely on connected devices to manage chronic conditions, conduct virtual consultations, and minimize in-person interactions to reduce the risk of virus transmission.

As healthcare systems worldwide strive to improve patient outcomes, reduce costs, and enhance access to care, the demand for connected medical devices is expected to continue growing. Innovation in sensor technology, data analytics, and cybersecurity will play a crucial role in driving further advancements and opportunities in this dynamic market.

The Connected Medical Devices Market is expanding, driven by the proliferation of mobile healthcare devices. These innovative tools enable remote monitoring, personalized healthcare, and real-time data analysis, enhancing patient engagement and clinical decision-making. With advancements in sensor technology and wireless connectivity, the market for connected medical devices continues to grow, revolutionizing healthcare delivery.

The connected medical devices market is expected to reach USD 5.72 billion by 2032, growing at a 5.8% CAGR over the forecast period 2023-2032.

Despite these challenges, the connected medical devices market is poised for sustained growth, with opportunities for innovation in areas such as personalized medicine, predictive analytics, and population health management. Collaborations between technology companies, healthcare providers, and regulatory agencies are essential to harness the full potential of connected medical devices in transforming the future of healthcare delivery.

Segmentation –

The global connected medical devices market has been segmented on the basis of device, product, application, end-user, and region.

By mode of product, the global connected medical devices market has been segmented into smart pill dispenser, heart rate monitor, portable GPS pers, pulse oximeter, BP monitor, insulin pump, ECG monitoring devices, glucose monitor, and others. Among these, the device segment is further sub-segmented into wearables and non-wearables.

By mode of application, the global connected medical devices market has been segmented into consultation and diagnosis services, remote monitoring, fitness, treatment services, and wellness services.

By mode of end-users, the global connected medical devices market has been segmented into ambulatory surgical centers, specialty clinics, hospitals, home care settings/monitoring, and others.

Regional Analysis –

Regional analysis of the connected medical devices market reflects disparities in healthcare infrastructure, technological adoption, and regulatory frameworks. North America dominates the market with a well-established healthcare system, high adoption of digital health solutions, and supportive regulatory policies. Europe follows suit, driven by investments in healthcare IT infrastructure and increasing demand for remote patient monitoring. The Asia-Pacific region exhibits significant growth potential due to expanding healthcare access, rising chronic disease burden, and government initiatives promoting digital health technologies.

 Key Companies –

The connected medical devices major market players include Capsule Technologies, Inc. (US), Cerner Corporation (US), Infosys Limited (India), iHealth Labs (US), Medtronic plc (Ireland), Lantronix Inc. (US), GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), Digi International Inc. (US), Masimo Corporation (US), Hill-Rom Technologies Inc. (US), True Process (US), and Cisco Systems, Inc. (US).

Neurostimulation Devices

Crohn’s Disease

Healthcare Biometrics

Osteoporosis Drugs

For more information visit at MarketResearchFuture

[globalinsightblog]

💊🌟 Prescription for Success: Navigating the Thriving Pharmaceutical Packaging Market! 🌟💊

Join me on a journey through the world of pharmaceutical packaging, where innovation meets safety, sustainability, and style to deliver the medicines that matter most! 🚀✨

🔍 Beyond the Pill: The Importance of Packaging

In the fast-paced world of healthcare, packaging isn't just about aesthetics—it's a critical component of medication safety and efficacy. From ensuring proper dosing to protecting against contamination, pharmaceutical packaging plays a vital role in preserving the integrity of life-saving treatments. 💡💊

🌱 Sustainability in Focus

As environmental consciousness continues to grow, so too does the demand for sustainable packaging solutions. From biodegradable materials to eco-friendly designs, the pharmaceutical packaging market is embracing innovation to reduce waste and minimize its carbon footprint. 🌍🌿

🚀 Innovation in Every Dose

From child-resistant caps to smart packaging with built-in sensors, the pharmaceutical packaging market is constantly evolving to meet the changing needs of patients and healthcare providers alike. With advancements in technology and materials, the possibilities for innovation are endless. 🛡️🔬

💬 Join the Conversation

How do you envision the future of pharmaceutical packaging shaping the healthcare landscape? Share your thoughts, experiences, and ideas as we explore the intersection of innovation, sustainability, and safety in the world of medication packaging. Let's spark a dialogue and inspire positive change together! 💬💊

#PharmaceuticalPackaging #HealthcareInnovation #SustainableSolutions #FutureOfMedicine #PackagingMatters 🌟💊

[jahidur369]

Limited by the capabilities

The biggest problem facing the He Tuber elderly comes from health threats. Traditional smart devices, such as the smart spoon we have reported, use AI algorithms to reduce hand shaking so that Alzheimer's patients can eat independently; smart pill boxes remind elderly patients with chronic diseases to take medicine regularly; or wearable devices, such as Clothing sensors and shoe sensors can timely track the body and travel status of the elderly through data collection and positioning.

Limited by the capabilities of traditional machine learning, it can often only achieve relatively simple health management capabilities, and it is difficult to bring about qualitative changes in improving the health level and quality of life of the elderly.

The large model + health management has also undergone major changes in the past year.

In terms of software, with the help of general large models, some barriers to health knowledge and health management for the elderly are reduced. For example, at the Baidu World Conference in 2023, interactive AI medication instructions were launched in response to the country’s call for age-appropriate reform of drug instructions. Users interact with virtual humans in real time to solve the problem of unclear, incomprehensible and font-size problems in traditional paper instructions. Small pain point. You can also set medication time and remind users to take medication on time through message notification or voice.

In terms of hardware, active health management using new wearable devices will become possible in 2023. Wearable devices are no longer passive collectors of data, but medical assistants that actively provide health guidance for the elderly. At the Huawei HDC 2023 Sports and Health themed exchange event, experts from major domestic hospitals and medical academies shared reports on the use of wearable devices using pulse wave PPG signals to screen and manage risks such as atrial fibrillation and sleep disordered breathing syndrome. , cardiovascular disease risk screening, non-invasive hyperglycemia risk assessment, portable and accurate hypertension measurement, emotion recognition and intervention, etc., have played a significant role.

The "three highs" problem of the elderly may be well-known to everyone. There are many wearable devices and professional equipment on the market that can detect them. The gap in emotion detection is particularly expected to be filled in 2023.

A scientist said that the team cooperated with Anhui Feidong Traditional Chinese Medicine Hospital and used Huawei bracelets to monitor the emotional problems of hundreds of elderly people. Within a month, they successfully predicted two cases of suicide intention and prevented the elderly from committing suicide. Rural nursing homes generally do not have professional psychological counselors, only nursing and service staff. It is difficult to detect the negative emotions of the elderly in time. The team later distributed more than a hundred bracelets to the elderly in the nursing homes. The elderly responded very well. Think of it as the invisible doctor around you. Questionnaire results also show that using a smart bracelet combined with simple conversations can significantly reduce the depression and anxiety levels of elderly users.

We know that domestic medical institutions are "top-heavy", and large tertiary hospitals bear a very heavy burden of diagnosis and treatment. The efficiency of the elderly in obtaining these medical resources is low. In the end, health management still largely falls on the elderly users themselves. Take the initiative to participate. Through intelligent health management products suitable for aging, real-time monitoring, proactive prevention, and early intervention can increase the elderly's compliance with medical advice on health management and greatly improve the health of the elderly.

If the first two items are "AI assisting the elderly", then technology empowering the elderly also gives them more choices besides "being taken care of".

At an event in 2023, I heard a not-so-grand, but very warm story from a smart agricultural machinery entrepreneur. It is now difficult to force young people to engage in hard, dangerous, low-paying agricultural production. Even people in Africa and Southeast Asia are unwilling to work in the fields. This is human nature. Our driverless tractor kit allows the tractor to run in straight lines and curves in the field. People don’t have to sit in the car in the wind and sun, and can just play with their mobile phones next to them.

Because the aging of the rural labor force has become very serious, our customers may not have received higher education, and they may be very old, already 60 years old, so we must solve the problem of aging-friendly design before a new technology can be truly implemented.

"Then, I was shocked by the learning ability of Chinese farmers. Even a 60-year-old man, his acceptance of technology far exceeded our expectations. If he can use a smartphone well, he can use intelligent production tools well. ".

To sum up, the biggest progress in AI for aging in 2023 is from "AI assisting the elderly" to "AI assisting the elderly" and "AI filial piety for the elderly". Because of the substantial progress in technology, it has gained a broader landing stage.

A JD.com technician said when he heard an AI smart outbound call to an elderly person living at home: “When users feedback that the technology has really helped us and truly feel the care and warmth that the technology has given them, I feel All the overtime work was worth it."

The founder of Fengjiang Intelligence said, "Just now, all the big names have shared their cases of high-precision technology and reaching for the stars and the moon technology. The story I shared is not particularly high-tech, but how cheap technology has changed The corners we can’t see.”

Today, we are getting closer and closer to AGI general artificial intelligence, but increasingly powerful AI must eventually be polished into a product that users can afford, use well, and have very low barriers to use. Suitable aging is where AI or AGI will inevitably reach.

AI is suitable for aging. In addition to "it should be so" ethically, it must practice technology for good; economically, it will also be the main focus of the silver economy.

The market is mainly left to the market. In the future, the government and public sectors will still be the main users of smart aging products. However, at the same time, technology companies will also accelerate the development of new aging products to meet the needs of the elderly and seize the opportunity. Seize the business opportunities of the “golden generation” and silver-haired economy.

The most anticipated AGI+ aging-appropriate product in 2023 should be embodied intelligence that can provide elderly care.

At the end of the year, Stanford's housekeeping robot Aloha became popular because it was "good at" housework such as closing curtains, using a vacuum cleaner, twisting bottle caps, taking out the trash, and doing laundry. It has quickly become the "first choice for elderly care" in the minds of netizens. Even though its cost is as high as 200,000, it cannot stop everyone's enthusiasm for robot elderly care. Some even claim that it "will change the desire to have children."

But soon, the robot overturned. Its developers later released a series of rollover videos. It turns out that Aloha will knock over the wine glass when pouring red wine, burn the pot black when cooking, and cannot find the plate when trying to pour the food out... It seems that the robot is taking over the work of the caregiver. , but it still takes time.

Despite this, the potential of embodied intelligence supported by large models in elderly care scenarios cannot be underestimated.

In 2023, technology companies such as Google, Microsoft, and Tesla have successively announced their own embodied intelligence products. Domestic leading technology companies such as Huawei and JD.com have also begun to lay out their own related layouts in the field of embodied intelligence.

To put it simply, AGI is to move from the digital world to the physical world, and be implemented in robots, robotic arms, unmanned vehicles, and drones, so that robots/simulators in the physical world are intelligent and can interact with the environment, perceive, and execute like humans. Various tasks.

Embodied intelligence is the next development direction of large models. Robots can better understand and apply high-level semantic knowledge, automatically analyze their tasks and split them into specific actions. This is a task that is difficult for traditional AI to complete, and it also allows The vision of AI-based elderly care has never been clearer.

Perhaps Aloha is still some way off from commercial use, but the development of senior care technology has been evolving at a speed beyond our imagination.

Another thing worth looking forward to is the smart aging-friendly renovation of the whole house.

The home scene is a key area of ​​the silver economy. Japanese scholar Chizuru Ueno mentioned in her book that a survey on elderly care methods in Japan showed that what determines the satisfaction of elderly life is having truly trustworthy friends in a familiar place. (relatives), and living as you please, these conditions are not possible no matter how high-end a nursing home is.

The demand for aging-friendly home decoration is particularly strong, and is currently mainly met by traditional furniture companies, such as VETO's smart lift toilets, sit-stand smart thermostatic showers, wall-mounted folding shower stools and other aging-friendly bathroom products. At the 2023 Beijing Old Expo, household products such as mattresses for Olympic athletes and storage cabinets specially created for Alzheimer's patients also became highlights.

However, aging-friendly smart homes have higher requirements for the intelligence level, collaboration capabilities, interactive experience, appearance design, etc. of IoT devices. At present, whole-house smart manufacturers and technology companies may have greater opportunities. As the demand for smartphone replacements driven by large models is gradually met, terminal manufacturers will definitely focus on the aging-friendly transformation of AIoT smart devices throughout the house to meet the needs of the huge home-based elderly care population.

After a long period of deliberation and 2023 upgrade and evolution, AI adaptive aging is being presented to us in a more complete, socially valuable and economically beneficial way. Smart China will inevitably be accompanied by the continuous improvement of the wisdom level of the elderly. The vigorous development of China's AI-based aging will become a "beacon" for all elderly people in the world who want a better life to refer to.

[cmr-insights]

Beyond the Pill Market Size, Share | Global Report 2030

Healthcare industry is far beyond simple diagnosis and pharmaceutical treatment. Increasing demand for the fluid healthcare services that enhances the effects of the drugs and therapeutic procedures is anticipated to drive the growth of the beyond the pill market.

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The beyond the pill market is expanding at a CAGR of 11.3% from 2023 to 2030 (forecast period).

Beyond-the-pill services are a comprehensive package of integrated goods and services that cover all aspects of patient care while incorporating patients, caretakers, and service providers in addition to pharmaceutical firms. These services are add-ons to pharmaceutical or therapeutic products that are used for patient care and are also viewed as a source of competitive advantages among the major pharmaceutical and therapeutical global players. Physicians, regulators, and payers—the three parties with a stake in the customer experience—actively affect the market’s expansion and demand for services.

Increasing Prevalence of Chronic Diseases, Digital Pharma And Personalized Medicine Demand To Boost Beyond The Pill Market

Rising rates of chronic diseases like cancer, neural diseases, cardiovascular diseases, etc. are having an impact on the healthcare industry, with 75% of healthcare costs in the US going toward the detection and treatment of chronic diseases. The future development of the beyond-the-pill market is being influenced by cutting-edge tools and technologies like remote monitoring devices, smart phone apps, and location-based healthcare services.

Digitalization is transforming the healthcare industry, from drug-development, commercialization, to information & education. Value added services such as monitoring devices, monitoring services, pharmaceutical management services, maintenance, education and information provision are influencing the growth of the global beyond the pill market in the next five years. These services act as a means to improve health outcomes, and competition among global players is expected to increase.

The beyond the pill market will expand over the next five years as a result of rising consumer demand and patient adherence to personalized medicine. Because of increasing competition among market players and the evolution of personalized therapeutics for patient care, biopharmaceutical companies must adopt strategic approaches to personalized medicine and therapeutics. The additional benefits of personalized medicine, such as its ability to identify and classify genetic variations and diagnose and detect diseases in patient-specific ways, further improve the market’s development prospects.

North America to Spearhead the Beyond the Pill Market

North America is the fastest-growing segment in the beyond the pill market due to several factors, including:

Enhanced technological improvement in healthcare industry: The beyond-the-pill market in North America is expanding significantly as a result of the region’s healthcare sector’s increased use of technology.

Increasing Investment in Healthcare: Governments and private organizations in North America are investing heavily in healthcare infrastructure and research and development. This investment is driving innovation and the development of beyond the pill market.

Rising government and other agency investments: The government and other agencies in North America are carrying out various investments which are contributing to the growth of beyond the pill market in this region.

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Competitive Insights

Companies operating in the beyond the pill market have adopted several growth strategies to expand their market share and increase their revenue. Some of the key players in beyond the pill market are  F. Hoffmann-La Roche AG (Flatiron Health), Otsuka Pharmaceuticals Co., Ltd., Amgen, Inc., AstraZeneca Plc., Novartis AG, Sanofi S.A., Novo Nordisk A/S, Eli Lilly and Company, Johnson & Johnson, Teva Pharmaceutical Industries Ltd.

[techninja]

The Future of Healthcare in Your Home: Smart Home Medical Devices

In recent years, the healthcare industry has been undergoing a remarkable transformation, driven by the integration of advanced technology into our daily lives. One of the most notable developments in this paradigm shift is the rapid growth of the Smart Home Medical Device Market. Smart home medical devices, also known as home health technologies, have emerged as a transformative force, providing individuals with the tools to monitor and manage their health conveniently from the comfort of their homes.

Understanding the Smart Home Medical Device Market

The Smart Home Medical Device Market encompasses a diverse range of healthcare products and systems designed to make healthcare more accessible and convenient for individuals. These devices leverage cutting-edge technologies such as the Internet of Things (IoT), artificial intelligence (AI), and remote monitoring to empower users to take charge of their health.

Market Growth and Driving Factors

The market for smart home medical devices has experienced substantial growth in recent years, and this trend shows no sign of slowing down. Several key factors are fueling this expansion:

1. Aging Population: With an increasing aging population, there's a growing need for innovative solutions to address the healthcare demands of elderly individuals. Smart home medical devices offer a means for older adults to monitor their health, receive timely medical assistance, and maintain independence.

2. Consumer Empowerment: Patients are becoming more proactive in managing their health. Smart devices provide a means for users to monitor vital signs, chronic conditions, and fitness levels. They can share this data with healthcare professionals for better-informed decisions.

3. Advancements in Technology: Rapid advancements in sensor technology, wireless connectivity, and data analytics have enabled the creation of sophisticated home medical devices. These devices offer real-time monitoring, timely alerts, and valuable insights into health conditions.

4. Telehealth and Remote Patient Monitoring: The COVID-19 pandemic accelerated the adoption of telehealth services and remote patient monitoring. Smart home medical devices play a crucial role in supporting these healthcare delivery models.

Key Categories of Smart Home Medical Devices

The Smart Home Medical Device Market is composed of several key categories:

1. Wearable Health Devices: These include smartwatches and fitness trackers equipped with heart rate monitors, sleep tracking, and activity tracking features. They help individuals maintain an active lifestyle and monitor their health metrics.

2. Telemedicine Solutions: These devices enable remote consultations with healthcare professionals. They often include video conferencing platforms, diagnostic tools, and electronic health record management.

3. Remote Patient Monitoring Devices: These devices are designed for individuals with chronic conditions such as diabetes, hypertension, or heart disease. They monitor vital signs and transmit data to healthcare providers, allowing for early intervention.

4. Smart Medication Dispensers: These devices help individuals manage their medication schedules and provide reminders for taking pills, reducing the risk of medication errors.

5. Smart Health Hubs: These central devices collect data from various sensors and transmit it to healthcare providers, acting as a hub for a connected healthcare ecosystem.

Challenges and Concerns

While the Smart Home Medical Device Market holds immense potential, it also faces several challenges. Data security and privacy concerns, interoperability between devices, and the need for regulatory oversight are some of the pressing issues that need to be addressed.

In conclusion, the Smart Home Medical Device Market is revolutionizing healthcare by empowering individuals to take control of their health. As technology continues to evolve, we can expect even more innovative solutions that enhance our ability to monitor, manage, and improve our well-being. With the aging population and the increased demand for telehealth services, the growth of this market is set to continue, making it an exciting and dynamic sector within the broader healthcare industry.

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[adityarana1687-blog]

Internet of Things in Healthcare Market Is Anticipated To Attain Around $861.3 Billion By 2030

The global internet of things in healthcare market size is expected to reach USD 861.3 billion by 2030 and is expected to expand at 16.8% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. High penetration of smartphones is one of the significant factors boosting the growth of the market. As per the statistics published in GSM Association’s report, The Mobile Economy 2018, the number of people connected to mobile services surpassed 5 billion in 2017 and the number of unique mobile subscribers is expected to reach 5.9 billion by 2030 (71% of the global population).

There is rising awareness among people for self-health monitoring and diagnosis due to the increase in the burden of various health issues at the early component of life. Rising awareness regarding healthy lifestyles among the young and adult population to adopt smart wearables to remotely monitor health activities and track them and monitor health issues is driving the market growth. Furthermore, many companies and healthcare institutions are launching mHealth programs for remote patient monitoring, which is leading to an increase in the adoption of IoT solutions for remote patient monitoring services.

Technological advancements in healthcare IT infrastructure, including the use of IoT, AI, and big data are one of the key factors boosting the market growth. Moreover, the growing demand for efficient & effective treatment and increasing awareness among patients about upgraded technology are also some of the factors expected to boost the internet of things in the healthcare market over the forecast period. Advanced technologies, such as smart sensors, robotic pills, microcontroller, digital networking, automotive microcontrollers, radiofrequency, and sensors, play a significant role in driving the market.

Rise in healthcare spending across the globe is driving the demand for the implementation of IoT solutions in the healthcare sector. According to estimates published by WHO in 2020, global spending on healthcare witnessed a significant surge, accounting for 11% of the global GDP or USD 9 trillion. The healthcare industry is evolving from fee-for-service model to value-based model, wherein treatment outcomes are reimbursed. The pressure of reducing healthcare costs is escalating globally as its cost is increasing faster than the growth of economies.

Furthermore, IoT solutions-enabled clinical trials also offer an opportunity for cost reduction as IoT simplifies the overall process and captures sophisticated endpoints. Remote patient monitoring solutions help in handling of noncritical patients at home, which eventually reduces hospital admissions and improves workflow efficiency. In addition, IoT solutions also enhance clinical operations through asset tracking and improvement in data capturing helping in significant cost savings. Thus, the demand for the development of the internet of things in healthcare is rising globally.

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Internet of Things in Healthcare Market Report Highlights

Medical devices segment held the largest share of 2022 owing to the growing demand for self-monitoring devices and the launch of novel instruments. For instance, in March 2022, Amrita University introduced Amrita Spandanam, a wearable non-prick health monitoring device that can monitor blood pressure and measure blood glucose without pressure cuffs

By connectivity technology, the cellular network segment accounted for the largest share in 2022. This can be attributed to the benefits of cellular network including increased capacity, less power consumption, and reduced interference

By application, telemedicine segment dominated the market in 2022 owing to the increasing number of patients suffering from conditions requiring Long-Term Care (LTC), including Alzheimer’s disease, cancer, diabetes, and cardiovascular diseases

Based on end-use, hospitals and clinics segment dominated the market in 2022. Rising investments by hospitals for accelerating the adoption of IoT solutions is a key factor propelling the segment growth

Due to the rising adoption of electronic health records, increasing government support for internet of things in healthcare and growing usage of e-prescribing, telehealth, and other HC IT technologies in North America, the region had the largest market share

Internet of Things in Healthcare Market Segmentation

Grand view research has segmented the global internet of things in the healthcare market based on component, connectivity technology, application, end-use, and region:

IoT in Healthcare Component Outlook (Revenue, USD Million, 2018 - 2030)

Medical Devices

Wearable External Devices

Implanted Medical Devices

Stationary Medical Devices

System and Software

Remote Device Management

Network Bandwidth Management

Data Analytics

Application Security

Network Security

Services

System Integration Services

Consulting, Training, and Education

Support and Maintenance Services

IoT in Healthcare Connectivity Technology Outlook (Revenue, USD Million, 2018 - 2030)

Cellular

Wi-Fi

Bluetooth

LPWANs

Zigbee

RFID

IoT in Healthcare Application Outlook (Revenue, USD Million, 2018 - 2030)

Telemedicine

Patient Monitoring

Connected Imaging

Clinical Operations

Medical Management

Others

IoT in Healthcare End-use Outlook (Revenue, USD Million, 2018 - 2030)

Hospitals and Clinics

Clinical Research Organizations

Research and Diagnostic Laboratories

Others

IoT in Healthcare Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

U.S.

Canada

Europe

U.K.

Germany

France

Italy

Spain

Sweden

Norway

Denmark

Asia Pacific

Japan

China

India

South Korea

Australia

Thailand

Latin America

Brazil

Mexico

Argentina

MEA

South Africa

Saudi Arabia

UAE

Kuwait

List of Key Players in the IoT in Healthcare Market

Medtronic

Cisco Systems, Inc.

IBM Corporation

GE Healthcare

Microsoft Corporation

SAP SE

Infosys Limited

Cerner Corporation

QUALCOMM Incorporated

Amazon

Intel Corporation

Wipro ltd

[healthcaremarketfmi]

Smart Pill Technologies Market Growth Factors Shaping the Cell Regeneration Medicine Market: In-depth Analysis by 2032

The Smart Pill Technologies Market is anticipated to grow at a CAGR of 21% over the course of the forecast period, from US$ 627.1 Mn in 2020 to US$ 6176 Mn in valuation by 2032.

The Global Smart Pill Technologies Market Size study provides critical information related to the global, regional and top players including Smart Pill Technologies market share analysis, winning strategies, recent developments, and financial planning. Besides providing information regarding the key players in the Smart Pill Technologies market, the study also recalibrates, the impact of macroeconomic and microeconomic factors that has the potential to impact the growth of the Smart Pill Technologies market.

Over the past decade, healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancement in technology has created impressive scope within the medical sector for diagnostics and therapeutics.

The report firstly introduced Smart Pill Technologies basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analysed the world’s main region market conditions, including the product price, profit, capacity, production, supply, demand and Smart Pill Technologies market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

The FMI’s latest report on the Smart Pill Technologies market gives a detailed analysis on the impact of COVID-19 with an incisive coverage on the innovative strategies adopted by the market players to survive the challenges due to pandemic.

Report Highlights:

Detailed overview of parent market

Changing market dynamics in the industry

In-depth market segmentation

Historical, current and projected market size in terms of volume and value

Recent industry trends and developments

Competitive landscape

Strategies of key players and products offered

Potential and niche segments, geographical regions exhibiting promising growth

A neutral perspective on market performance

Must-have information for market players to sustain and enhance their market footprint.

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Competitive Analysis

By Prominent Market Players

CapsoVision, Inc., Given Imaging, Inc., Medimetrics S.A. de C.V., Olympus Corporation, and Bio-Images Research Limited, IntroMedic Inc., Chongqing Jinshan Science & Technology Group Co. Ltd., Proteus Digital Health Inc., Novartis AG, and Philips Healthcare.