Today's healthcare companies believe that combining their drug delivery devices with connected capabilities can help in boosting patient compliance and improve care delivery.
FREMONT, CA: Since the past few years, the healthcare industry has increasingly digitalized with the widespread adoption of connected devices in laboratories and healthcare facilities. The widespread accessibility of low-cost connectivity like near-universal access to technologies, including mobile technology, has opened the avenue to new opportunities in the healthcare sector. Connected drug delivery devices are wirelessly connected and intelligent electronic devices that enable patient-administrated therapy. Primarily, these devices are armed with a sensor that provides several features like adherence trackers, dosing remainder, and patient education tools.
Today's drug delivery devices, when compared with the conventional devices, are much more advanced. Many of these devices are mounted with electronics and sensors that enable tracking dose delivery and timing and offer instant feedback to patients. This assists the patients to know whether a dose has been successfully offered or not. Many devices available are also connected to apps and programs through wireless connectivity or cables that enable data transfer. Hence, the connected drug delivery devices market is estimated to grow at a CAGR of 24.6 percent during the forecast period from 2020 to 2027.
Nowadays, people are managing every aspect of their day-to-day lives online with computers at their fingertips. Meanwhile, the pharmaceutical and medtech firms are looking for ways to help people stay on top of their treatment regimens and thereby enhance outcomes. The foremost step in developing a connected drug-delivery device is defining the product and finding whether it's feasible.
Firms should assess the medical device rapidly to evaluate if the device is even doable in the first place. Once it emerged from the product definition and feasibility stage, firms need to consider creating a document tree related to mechanical, software, and electrical assets with specific requirements.