26 March 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.
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. Pharmaceutical bottle is likely to grow
higher in the
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.
Market Segment:
The various contributors involved in the
value chain of Smart Bottle include manufacturers, suppliers, distributors,
intermediaries, and customers. The key manufacturers in the Smart Bottle
include
•
Adheretech
•
Kuvee
•
Trago
•
Thermos
•
Hidrate
•
Ecomo
•
Sippo
•
HYDRASMART
•
Myhydrate
•
Spritz
Market Size Split by Type
•
Glass Bottles
•
Plastic Bottles
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