21 June 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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| Smart Bottle Market |
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.
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