Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Research Reports

Long-term Care Facilities may boost the Smart Pill Boxes & Bottles Market by Improving Healthcare System. With FMI, See Inside the Competitive Market’s Operations

The USA has emerged as one of the most lucrative markets for intelligent pill bottles and boxes, and this pattern is anticipated to hold during the projection period. The rise in the prevalence of chronic diseases including diabetes, cancer, and dementia, the strong presence of top smart pill boxes and bottle makers, and the quick growth of the automatic pill dispenser industry are all contributing factors to the market’s expansion in the USA.

NEWARK, Del:  The global smart pill boxes and bottles market was estimated at US$ 144.2 million in 2022 and is estimated to reach US$ 160.2 million in 2023. With the increased use of smart pill boxes and bottles to improve medication adherence in patients, the market is expected to record a CAGR of 9.3% from 2023 to 2033, attaining US$ 388.2 million by the end of 2033.

Increasing Risk of Chronic Diseases Drives the Smart Pill Boxes & Bottles Market Growth 

The smart pill boxes and bottle market is expanding as a result of a considerable rise in the elderly population, chronic diseases, and the incidence of problems linked to lifestyle. The market continues to grow as a result of increased research and development efforts to create smart pills. Bioelectronics, microprocessors, micro-cameras, miniaturization, and other technological breakthroughs in smart pills are expected to provide profitable prospects in the future.

Request Sample @

Growth Roadblocks in the Smart Pill Boxes & Bottles Market

Despite the fact that the usage of smart pill boxes and bottles has significantly boosted medication adherence in patients, a number of difficulties are impeding the market growth. The expensive cost of smart pill boxes and bottles, as well as a lack of awareness of smart pill dispensers in emerging markets, are among these factors.

Stringent government restrictions governing the expanding usage of these devices, as well as the high cost of ingestible sensors, are further expected to limit the market expansion.

Asia Pacific to Experience the Profitable Growth Potential in the Market

Asia Pacific is seeing robust growth due to factors like the ageing population’s increased susceptibility to chronic diseases, growing public awareness, supportive governmental policies, rising healthcare costs, and the modernization of the medical infrastructure, particularly in developing countries like India, China, and Japan. The market growth is impacted by the prevalence of psoriasis and the rise in awareness about it.

Ask An Analyst @

Key Takeaways

  • The dementia sector of the indication category may expand at a CAGR of 9.3% over the forecast period.
  • The smart pill boxes portion of the product type category is expected to exhibit a CAGR of 9.1% from 2023 to 2033.
  • The smart pill boxes and bottles market in the United States is anticipated to grow rapidly throughout the projection period, with a CAGR of 7.4%, to reach US$ 111.7 million in 2033.
  • The smart pill boxes and bottles market in China is anticipated to grow throughout the projected period at a strong CAGR of 11.3%, reaching US$ 25.8 million in 2033.
  • The Japan market is expected to grow at a CAGR of 8% during the forecasted period, reaching US$ 18.8 million in 2033.
  • The smart pill boxes and bottles market in the United Kingdom is anticipated to grow rapidly over the projection period, with a CAGR of 10.2%, to reach US$ 22 million in 2033.
  • In South Korea, the market for smart pill bottles and boxes is likely to register a CAGR of 9.9% over the forecasted period, reaching US$ 9.3 million in 2033.

Request Customization @

Competitive Landscape

There are a few key companies in the competitive market for smart pill boxes and bottles. A sizeable portion of the market is controlled by businesses, including e-pill Medication Reminders, Group Medical Supply LLC, Medipense Inc., Medminder Inc., MedReady, PharmRight Corporation, PillDrill Inc., and Pillo Inc.

Recent Development

Strategic Agreement 

In June 2021, AdhereTech and AARDEX Group reached a strategic agreement. Through this agreement, the innovative Medication Event Monitoring System (MEMS) from AARDEX is going to be linked to AdhereTech’s Smart Adherence System, which includes the AdhereTech Smart Pill Bottle.

Strategic Partnership

In February 2021, Pill Connect Ltd. entered into a strategic partnership with AARDEX Group, the world leader in medication adherence solutions. Through the arrangement, Pill Connect’s add-on solutions for medication delivery devices and AARDEX’s proprietary Medication Event Monitoring System (MEMS) are going to be connected.

Explore FMI’s Extensive Coverage On Healthcare Domain:

Radiopharmaceuticals Market Size : Future Market Insights (FMI) predicted that the market for radiopharmaceuticals would be valued US$ 6.2 billion in 2022. The market for radiopharmaceuticals is expected to grow at a value CAGR of 4.3% between 2022 and 2032, reaching US$ 9.5 billion.

Orthopaedic Imaging Equipment Market Demand : The market for orthopaedic imaging equipment was estimated at $9.8 billion in 2021 and is anticipated to grow to $14.6 billion by 2031. The demand for orthopaedic diagnostic imaging is rising due to the rise in accidents and sports-related injuries resulting in fractures and bone injuries.

Companion Animal Vaccines Market Growth : Researchers at Future Market Insights, Inc. have noted that from 2023 to 2033, the market for companion animal vaccinations is anticipated to grow at a CAGR of 6.8%.

Dry Eye Syndrome Treatment Market Analysis : The size of the global market for the treatment of dry eye syndrome is anticipated to be US$ 4.80 billion in 2022 and to increase at a robust CAGR of 7.0% from 2022 to 2032, exceeding a valuation of US$ 9.44 billion by the end of 2032.

Knee Reconstruction Devices Market Share : By 2022, the market for knee reconstruction devices is projected to be worth US$ 8.28 billion, growing at a moderate CAGR of 4.3% between 2022 and 2032.

About Future Market Insights, Inc : 

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]

Global Banking & Finance Review


Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post