Adherence Monitoring Caps Market 2019 | Worldwide Market Outlook 2027 | Major Manufacturers – Aardex Group, Pillsy, Inc., DoseSmart, ePill, Rx Timer Cap, LLC, Round Health, etectRx, NantHealth, Inc., Compliance Meds Technologies, LLC, and TimerCap LLC

The Adherence Monitoring Caps Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

Adherence monitoring caps are smart bottle caps that stores, dispenses and tracks prescription medication. It is designed for both patients and caregivers. According to the World Health Organization every year 125,000 deaths in US are due to poor patient medication adherence. The adherence monitoring cap connects to your smartphone wirelessly and records and tracks medication usage every time that you open the bottle. The stored data can be transferred easily for immediate analysis and interpretation. These devices are highly compact and portable and can be easily carried in a handbag or pocket. These devices also have send reminders on patient's mobile phone or the cap starts glowing in order to remind patient about its medication time. These Adherence monitoring caps have a long battery life of about 3 days and can be recharged easily using a USB cable.

Some of the key players influencing the market are Aardex Group, Pillsy, Inc., DoseSmart, ePill, Rx Timer Cap, LLC, Round Health, etectRx, NantHealth, Inc., Compliance Meds Technologies, LLC, and TimerCap LLC among others.

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The market for adherence monitoring caps market is expected to witness growth due to growing integration of smart technology in healthcare, rapid technological advancements in the field of healthcare IT, rising geriatric population, rising prevalence of diseases like Alzheimer's, schizophrenia and others where medication adherence is important and growing public preference for products inundated with smart technology. However, high price of these devices and lack of awareness about this product restraints the market growth.

As leading companies in Adherence Monitoring Caps market continues to broaden their addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from start-ups as well the leading global technology and industrial companies in the world. Various companies in the value chain are acquiring other local players and operating through joint ventures with retailers in the market to maintain their position in market and provide efficient solutions to its customers.

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Posted by on Tuesday December 18 2018, 9:00 AM EST. All trademarks acknowledged. Filed under Business & Financial Services, Business Services, Diagnostics, Featured Press Release, Healthcare, Medical Devices. Comments and Trackbacks closed. Follow responses: RSS 2.0

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