The global smart pill boxes and bottles market was valued at USD 144.2 million in 2022 and is expected to reach USD 160.2 million in 2023. With the increasing usage of smart pill boxes and bottles to enhance medication adherence in patients, the market is expected to register a CAGR of 9.3% between 2023 and 2033, reaching USD 388.2 million by the end of 2033.
| Attributes | Details |
|---|---|
| Market CAGR (From 2023 to 2033) | 9.3% |
| Market Size (2022) | USD 144.2 million |
| Market Size (2023) | USD 160.2 million |
| Market Size (2033) | USD 388.2 million |
| Global Market Absolute Dollar Growth (USD million/billion) | USD 228.0 million |
Medication adherence has always been a significant challenge for the healthcare industry. Poor adherence to appropriate medication therapy often leads to complications, death, and increased healthcare costs. In order to improve this medication adherence, patients adopt smart medication adherence technologies like smart pill boxes and bottles. This has brought the global smart pill boxes and bottle market into the spotlight.
A small pill box or pill container is a multi-compartment compliance aid for storing scheduled doses of medications. The adoption of smart pill boxes and bottles helps patients consume medicines on time without any errors, making it easier to dispense medication. Therefore, smart pill boxes and bottles play a key role in improving medication compliance and adherence in patients.
The rising incidence of chronic disease along with the rapidly increasing geriatric population and growing need for improving medication adherence is a key factor boosting smart pill boxes and bottle sales. According to the Centers for Disease Control and Prevention’s (CDC’s) report published in September 2016, one in four Medicare participants aged 65 or older (i.e., 5 million people), do not take their blood pressure medicine as directed. As a result, medical professionals recommend smart pill boxes and bottles for older patients with chronic diseases.
Innovation has been a key tool for manufacturers to increase their smart pill boxes and bottle sales. Leading smart pill box & bottle manufacturers have developed advanced smart medication products with web-based applications and mobile applications to help patients take their medications correctly. For instance, in 2021, AdhereTech, a leading provider and pioneer of smart devices that connect patients to care via real-time interventions, unveiled the Aidia System to advance medication adherence technologies.
Regionally, North America remains at the epicenter of smart pill boxes and bottles market growth, accounting for a significant market share in 2023. Growth in the North American market is driven by the availability of advanced Research and Development facilities, increased prevalence of several chronic diseases, presence of leading market players, and growing need for tablets with simple dispensing systems and easy-to-open systems for the elderly population.
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The key developments in the market are based upon the introduction of smart sensors and cellular technology into the plastic walls of the bottle to accurately measure single units of solid or liquid medication.
The market observed a decline in the BPS values owed to the additional cost incurred for the device, over the actual cost of medication. The adverse effects observed among the patients switching from sporadic to smart pill boxes & bottles resulted in poor patient adoption of these devices.
Patients who need regular supervision for medication routines can benefit from these devices, and hence the market is anticipated to be expected to observe positive growth over the forecast years.
As per FMI, the global demand for smart pill boxes & bottles is set to grow at a CAGR of 9.3% between 2023 and 2033. Growth in the smart pill boxes & bottles market is driven by the rising prevalence of chronic diseases worldwide, the increasing need for improving patient medication compliance and adherence, the growing popularity of personalized medicine/treatment, technological advancements in smart pill boxes and bottles, the growing popularity of home healthcare services, surge in geriatric population worldwide.
Smart pillboxes and smart pill bottles have made the process of filling and distributing medications much easier. These smart medication adherence technologies help patients and caregivers track medication compliance by sending alerts and are especially gaining traction in home healthcare.
Smart products are like automatic pill dispensers that organize pills that need to be taken as per a schedule. They significantly increase efficiency in drug dispensation count and thus eliminate the life-threatening errors made by humans.
The rising prevalence of chronic diseases coupled with an increasing need for improving patient compliance and adherence with medication is a significant factor boosting the growth of the smart pill boxes and bottle market.
According to a report published in the National Library of Medicine (NLM), stated that the rates of no adherence to any medication treatment vary from 15% to 93%, with an average estimated rate of 50% worldwide.
In order to improve medication adherence, people usually opt for smart technologies like smart pill boxes and bottles. This may continue to expand the global market size during the forecast period.
Short-term Growth: Growing geriatric population worldwide along with the rising popularity of home healthcare is expected to improve the smart pill boxes and bottle market growth.
Mid-term Growth: Advancements in smart pill boxes and bottles that are focusing on developing smart pill boxes and bottles with advanced features like remote monitoring may influence the sales of smart pill boxes & bottles.
Long-term Growth: The rapid expansion of the medication adherence packaging market, growing demand for medical healthcare devices, growth in the automatic pill dispenser market across developing regions, and advancement in telehealth software are poised to further expand the smart pill boxes & bottles market size.
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The use of smart pill boxes and bottles has considerably increased medication adherence in patients, though, there are numerous challenges restricting the market expansion. Some of these factors include the high cost of smart pill boxes and bottles, as well as a lack of understanding of smart pill dispensers in emerging markets.
Smart Pill Boxes Sales Expected to Outpace Smart Pill Boxes Through 2033
| Attributes | Details |
|---|---|
| Product Type | Smart Pill Boxes |
| CAGR % 2017 to 2022 | 10.6% |
| CAGR % 2023 to 2033 | 9.1% |
Based on product type, the smart pill boxes & bottles market is segmented into smart pill boxes and smart pill bottles. Among these, the smart pill boxes segment accounts for a substantial share of 75.3% of the global market during the forecast period. However, according to FMI, smart pill bottles are expected to lead the segment growth, owing to the rising adoption of smart pill bottles due to improved adherence and patient satisfaction, and their ability to effectively track patient behaviour.
During the projection period, the rapid expansion of the prescription bottle market is anticipated to boost the growth of this category.
| Attributes | Details |
|---|---|
| Top Indication | Dementia |
| CAGR % 2017 to 2022 | 11.2% |
| CAGR % 2023 to 2033 | 9.3% |
In light of the expanding senior therapy pool, which is more prone to dementia, the dementia sector is predicted to hold a significant market share. Previously, the dementia market recorded a CAGR of 11.2% from 2017 to 2022. Whereas, the market's dementia category is expected to register a CAGR of 9.3% from 2023 to 2033.
According to the WHO, over 50 million individuals worldwide have dementia, with nearly 60% living in low- and middle-income countries. Every year, about 10 million new cases are reported. At any given time, the estimated proportion of the general population aged 60 and up with dementia is between 5-8%.
Demand for Smart Pill Boxes & Bottles to Remain High in Long-Term Care Centres
In terms of end users, the market is segmented into seniors care & assisted living, long-term care centres, and home care settings. As per the latest smart pill boxes & bottles market trends, the long-term care centres segment is likely to dominate the global market during the forecast period.
This can be attributed to the rising prevalence of disabilities, the increasing geriatric population who cannot care for themselves, and the increase in long-term care facilities worldwide.
Long-term care facilities provide a wide range of services, including medical and personal care, to persons who are unable to live independently. Healthcare professionals in these centres employ smart technologies like smart pill boxes and bottles to improve medication adherence and monitor patient behaviour.
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| Country | United States of America |
|---|---|
| HCAGR (From 2017 to 2022) | 10.5% |
| CAGR (From 2023 to 2033) | 7.4% |
| Country | United Kingdom |
|---|---|
| HCAGR (From 2017 to 2022) | 8.7% |
| CAGR (From 2023 to 2033) | 10.2% |
| Country | China |
|---|---|
| HCAGR (From 2017 to 2022) | 13.4% |
| CAGR (From 2023 to 2033) | 11.3% |
| Country | Japan |
|---|---|
| HCAGR (From 2017 to 2022) | 12.6% |
| CAGR (From 2023 to 2033) | 8.0% |
| Country | South Korea |
|---|---|
| HCAGR (From 2017 to 2022) | 12.8% |
| CAGR (From 2023 to 2033) | 9.9% |
Rise in Alzheimer's Diseases and Availability of Advanced Bluetooth-based Pill Boxes Driving Growth in the USA Market
| Attributes | Details |
|---|---|
| United States Market Size (USD million/billion) by End of Forecast Period (2033) | USD 111.7 million |
| United States Market Absolute Dollar Growth (USD million/billion) | USD 56.9 million |
Over the years, the USA has become one of the most lucrative markets for smart pill boxes and bottles and this trend is likely to continue during the forecast period. Growth in the USA market is driven by the increasing adoption of advanced technologies, the surge in chronic diseases like diabetes, cancer, and dementia, the strong presence of leading smart pill boxes and bottle manufacturers, and the rapid expansion of the automatic pill dispenser market.
The rising incidence of Alzheimer's disease is the key factor pushing sales of smart pill boxes and bottles in the USA. According to the USA Department of Health and Human Services, Administration for Community Living (ACL), Alzheimer’s disease is the most common dementia among older adults, affecting about 5.8 million United States residents aged 65 and older in 2020. Furthermore, this is expected to reach around 14 million by 2050. Therefore, creating a conducive environment for the smart pill boxes and bottle market growth in the country.
Similarly, the growing popularity of smart pill technologies and the availability of advanced products like Bluetooth smart pill boxes and bottles are going to further expand the market size in the country during the forthcoming years.
The surging Use of Automatic Pill Dispensers is Propelling the Market Expansion in the United Kingdom
| Attributes | Details |
|---|---|
| United Kingdom Market Size (USD million/billion) by End of Forecast Period (2033) | USD 22.0 million |
| United Kingdom Market Absolute Dollar Growth (USD million/billion) | USD 13.7 million |
The smart pill boxes and bottles market in the United Kingdom is expected to grow rapidly due to rising government backing, the presence of advantageous reimbursement policies, rising Research and Development expenditure, and the growing popularity of home healthcare.
Rising rates of different chronic and acute diseases in the United Kingdom have highlighted the need to improve patient adherence to treatment. As a result, modern technological goods such as automatic pill dispensers are used to keep track of drugs and reduce difficulties.
Increasing automatic pill dispenser manufacturers in the country, as well as rising healthcare spending, may boost the United Kingdom's smart pill boxes & bottles market share in the coming years.
| Attributes | Details |
|---|---|
| China Market Size (USD million/billion) by End of Forecast Period (2033) | USD 25.8 million |
| China Market Absolute Dollar Growth (USD million/billion) | USD 17.0 million |
Asia Pacific is experiencing a rising trend due to the geriatric population that is more susceptible to chronic diseases. Increasing awareness, favorable government policies, increased healthcare expenditure, and modernization of medical infrastructure, primarily in emerging nations such as India, China, and Japan are expected to drive market growth. The prevalence of psoriasis and increased awareness about it has an impact on market growth.
| Attributes | Details |
|---|---|
| Japan Market Size (USD million/billion) by End of Forecast Period (2033) | USD 18.8 million |
| Japan Market Absolute Dollar Growth (USD million/billion) | USD 10.1 million |
Due to the increasing number of elderly people and growing consumer awareness of technologically advanced items, the Asia Pacific region is predicted to have considerable growth throughout the projection period. It is anticipated that growing smart device adoption in homecare settings would support the expansion of the Asia Pacific market.
| Attributes | Details |
|---|---|
| South Korea Market Size (USD million/billion) by End of Forecast Period (2033) | USD 9.3 million |
| South Korea Market Absolute Dollar Growth (USD million/billion) | USD 5.7 million |
Big Sky Labs has raised USD 1 million in seed funding to create a gadget that can dispense pharmaceuticals as well as deliver other home health services including wellness checks and health monitoring.
The PillPez device, a medication dispenser, delivers pills at predetermined periods throughout the day from pre-loaded pharmaceutical strips accessible at most pharmacies. If a person fails to take the medications, PillPez sends an escalating series of reminders, including to caretakers or family members.
Adhere Tech, Medipense Inc., Koninklijke Philips N.V., Pillsy, Inc., MedMinder, PharmRight Corporation & Livi, MedReady Inc., e-pill, LLC, DoseSmart Inc, SMRxT INC, Pillo, INC, and Prill Drill, Inc. are a few of the top makers of smart pill boxes & bottles.
Recent Development:
Partnership
| Date | In 2019 |
|---|---|
| Company | Pilloxa |
| Details | In order to address the rising issue of patient compliance, Pilloxa, a digital healthcare company, and Bayer AB embarked on a strategic partnership for an innovative smart pillbox. |
Investment
| Date | November 2020 |
|---|---|
| Company | Pill Connect |
| Details | Jonathan Milner, Catapult Ventures, and Shallcross Partners funded GBP 510,000 in Pill Connect, formerly known as Elucid mHealth, for the commercial launch of its electronic smart pill container in the USA and Europe. |
Introduction
| Date | January 2020 |
|---|---|
| Company | Medipense |
| Details | Medipense, a digital devices manufacturer, live demonstrated about medication management and remote monitoring solution named RxPense, at Arab Health 2020. |
The smart pill boxes & bottles market was valued at USD 144.2 million in 2022.
By 2033, the smart pill boxes & bottles market is anticipated to reach USD 388.2 M million.
The smart pill boxes & bottles market is expected to yield USD 160.2 million by 2023.
From 2017 to 2022, the smart pill boxes & bottles market a CAGR of 10.7%.
From 2023 to 2033, the smart pill boxes & bottles market is expected to register a CAGR of 9.3%.
Smart pill boxes segment in product type category to expand at a CAGR of 9.1% during the forecast period.
From 2023 to 2033, the Dementia segment is likely to accelerate at a CAGR of 9.3%.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Smart Pill Boxes 5.2. Smart Pill Bottles 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Indication 6.1. Dementia 6.2. Parkinson’s Disease 6.3. Cancer Management 6.4. Diabetes Care 6.5. Geriatric Care 6.6. Disability 6.7. Others 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End User 7.1. Seniors Care & Assisted Living 7.2. Long-term Care Centers 7.3. Home Care Settings 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. Middle East and Africa (MEA) 9. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. East Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. MEA Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Adhere Tech 18.2. Medipense Inc. 18.3. Koninklijke Philips N.V. 18.4. Pillsy, Inc. 18.5. MedMinder 18.6. PharmRight Corporation & Livi 18.7. MedReady Inc. 18.8. e-pill, LLC 18.9. DoseSmart Inc 18.10. SMRxT Inc 18.11. Pillo, Inc 18.12. Prill Drill, Inc. 19. Assumptions & Acronyms Used 20. Research Methodology
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Smart Pill Boxes & Bottles Market
