July 8, 2019
— 8 July 2019 - The Global Smart Bottle Market is expected to witness a significant CAGR of 14.75% during the forecast period. A smart bottle is a game-changing innovation that addresses more on efficiency and customer experience. Technically, a smart bottle comprises two components. Electrical component contains the circuitry for power, microcontroller unit, and Bluetooth connectivity. The mechanical unit functions as the locking mechanism of the bottle. There are certain unique features and advantages associated with its use.
Firstly, from the medicine perspective, the push notification sent over patient’s smartphone serves as an active reminder to take his medicines accordingly. The notifications stop coming only when the user unlocks his bottle only to avoid the possibility of forgetting to take medications for a longer period. Secondly, every “unlock” operation of the bottle enables the user to log the event of the medicine taken. This information gets stored on the server and is available to the pharmacist through his app. Lastly, the user’s information cannot be misused by pharmacist and is protected via authentic credentials of user.
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The smart bottle market is driven by rising demand for smart bottles in pharmaceuticals and alcoholic beverages. Technological advances such as implementation of AI and IoT are likely to boost the market growth during the forecast period. Several companies are now coming up with mobile applications that help users with easy of storage and display proper nutrition levels present in the fluid.
In addition, market growth is highly influenced by the rise in awareness regarding environmental hazards caused by plastics. Extensive research and development are likely to contribute significantly to the global market scenario to gain a notable rise. The market is segmented by type into glass bottles and plastic bottles. By application, market is segmented into water bottle, pharmaceutical bottle and alcoholic beverage bottle.
Geographical segmentation for the market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America leads the market in the global scenario owing to rise in demand for innovative products. Presence of technological startups with a zeal for software management & apps is likely to propel the market growth. Asia-Pacific followed by Europe is more likely to witness a fair growth due to rise in environmental awareness and favourable market conditions for automation technologies. The key players profiled in the global smart bottle market are Adheretech, Kuvee, Trago, Thermos, Hidrate, Ecomo, Sippo, Myhydrate and Spritz.
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The key points of this report are:
To study and analyze the global Smart Bottle market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025.
To understand the structure of Smart Bottle market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Smart Bottle manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Smart Bottle with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Smart Bottle submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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