Smart Medication Adherence Sensors Market Latest Scenario On Innovation, Revolutionary Opportunities & Top Consumers 2031

Non-adherence of medication is widespread problem, where a patient fails to follow the medication schedule which results into the delayed or no cure of the disease which may lead to death in fatal cases. For the best possible outcome of the treatment, adherence to follow the medication schedule is required. Non-adherence significantly increases healthcare costs as a result of disease-related complications and hence to overcome this problem many companies are focusing on developing smart medication adherence sensors.

Smart medication adherence sensors often comes with the system where patient specific medication schedule is followed through the technologically advanced means. Smart medication adherence sensors is useful in the patients such as who live in assisted living or old aged patients who often forgets about the medication schedule. Various companies are manufacturing the smart medication adherence sensors embedded drugs for the better monitoring of the dose. Smart medication adherence sensors not only track the dose but also helps to detect dose timing, physiologic response such as activity, heart rate, skin temperature and rest, etc.

Smart Medication Adherence Sensors Market: Drivers and Restraints

Around 50% of prescribed medications remain unadministered, which affects the healthcare cost as well as therapeutic effect of the drug indicating the significant market potential of smart medication adherence sensors. Smart medication adherence sensors technology helps in monitoring about patient taking either oral medications or medical injections at home or any facility.

The data is automatically uploaded, which can be review healthcare provider and can be tracked in real-time, this multidimensional approach driving smart medication adherence sensors market growth.

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The aging population of the world is expected to grow at 250% till 2050 as compared to 2013 and old age brings a lot of health complication, hence to have a healthy aged population smart medication adherence sensors can play a significant role. The smart medication adherence sensors market is currently growing at the fastest rate possible due to rapidly evolving technologies in the field and increasing prevalence of chronic diseases where frequent patient monitoring becomes inevitable.

Various manufacturing companies are focusing on the patient specific approach rather than traditional the physician specific approach and patient specificity plays important role in the smart medication adherence sensors market by offering most desired product. Whereas, comparatively high price of smart medication adherence sensors and low penetration of smart medication adherence sensors in developing countries can hamper the growth of smart medication adherence sensors market.