Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 48.2 Billion | USD 66.91 Billion | 3.70% | 2023 |
The global tablet based e-detailing market size was worth around USD 48.25 billion in 2023 and is predicted to grow to around USD 66.91 billion by 2032 with a compound annual growth rate (CAGR) of roughly 3.70% between 2024 and 2032.
Tablet based e-detailing refers to the use of digital systems such as tablets for educating healthcare professionals about pharmaceutical development. Pharma sales content is presented to medical professionals using modern tools, especially tablets or laptops. It replaces the traditional form of paper-method communications between pharma sales representatives and medical professionals. E-detailing has become widely prevalent in the pharmaceutical industry as the integration of technology allows medicine producers to communicate pharmaceutical developments, ongoing research, medicine potential, and other aspects with higher transparency and accuracy.
During the forecast period, the demand for tablet-based e-detailing is projected to increase further, driven by the growing digitalization in the pharma sector. Additionally, increased preference by healthcare professionals for communication transparency will encourage greater adoption of tablet-based e-detailing. However, cost limitations and the risk of cyber security may threaten the smooth market flow rate.
Advantages of tablet based e-detailing to promote market growth rate
The global tablet based e-detailing market is expected to grow due to the several advantages offered by the service. Leveraging modern digital systems for generating awareness and enhancing communication has been helpful to pharmaceutical companies. Drug developers can effectively showcase new medicines and ways in which the drugs manage medical conditions. Moreover, using tablets for e-detailing helps drug sales representatives create a more engaging and immersive experience for medical professionals, thus resulting in a higher probability of converting the meeting into actual sales. A major cost benefit of using tablets during e-detailing is the reduced need for printing paper-based materials, which is a resource-intensive process. E-detailing solutions are more scalable, and they can be customized depending on customer needs. Consistent use of tablet-based e-detailing can provide monetary and non-monetary benefits to pharma companies.
Developments in tablet technology may further promote extensive growth in the industry
Tablet technology is ever-evolving. Companies producing tablets are increasingly experimenting with providing improved solutions to customers. They are actively working on developing tablets with more comprehensive features such as higher resolution, increased battery life, lighter weight, and superior security. Several studies have been undertaken in recent times to understand if the iPad, an intellectual property (IP) of Apple Inc., is used by pharma companies as a marketing tool. The advanced tablet has several features that can be used by sales representatives to communicate with medical professionals and conduct knowledge-sharing sessions. The development of affordable tablets with good features will further promote the adoption of technology.
Higher initial cost of investment will limit the industry’s growth rate
The global tablet based e-detailing market is expected to be restricted due to the higher initial cost of investment. Tablets are expensive, especially the ones with advanced features. Deploying tablets on a large scale will increase the total cost of technology rollout. In addition, developing customized tablets for e-detailing will further increase the overall expense. Traditional ways of detailing in the pharmaceutical industry are still popular in certain parts of the world.
Emergence and acceptance of telemedicine to prove beneficial for the market growth rate
The global industry for tablet based e-detailing is expected to generate massive growth opportunities due to the increasing recognition of telemedicine. Market players must invest in leveraging the growing demand for remote healthcare. Telemedicine deals with the use of digital systems and solutions for diagnosing medical conditions and treating patients remotely. The concept of telemedicine surged during COVID-19 and has continued since then. Tablet-based e-detailing and telemedicine can form a coherent ecosystem, allowing accurate medical care to be provided on premises that are comfortable for the patients.
Investments in regions with growing healthcare industry hold high growth potential
While certain countries enjoy an existing robust healthcare infrastructure, several nations are currently in the development phase. These countries are registering a steady rise in healthcare-related investments. Market players can grab opportunities to expand in emerging healthcare markets thus benefiting from first-mover’s advantage. Regional governments are increasingly seeking measures to improve healthcare investments. This includes launching investment-friendly policies, tax subsidies, and other monetary advantages.
Reality (VR) in market products may create more curiosity
The global tablet based e-detailing industry can generate more growth opportunities by integrating sophisticated technologies such as AI and VR into the e-detailing process. The use of these tools can help drug sales representatives deliver optimal presentations and create more transparent communication channels. In addition, these solutions can prove to be a brand differentiation point for pharma companies, giving them a lead over competitors.
Data security concerns may challenge the market expansion rate
The global tablet based e-detailing industry is projected to be challenged by the growing number of security breach incidents. Saving confidential company information on tablets makes businesses more vulnerable to cyber-attacks. The growing threat of harmful malware or computer viruses may generate doubts among potential customers against the use of tablets for e-detailing.
The global tablet based e-detailing market is segmented based on application, type, and region.
Based on the application, the global market segments are the biotechnology industry, pharmaceutical industry, and others. In 2023, the highest growth was witnessed in the pharmaceutical industry. The main reason for higher segmental demand is the market dominance of pharma companies as compared to biotechnology firms. Additionally, more medical professionals rely on pharmaceutical drugs for treating known medical disorders. In 2023, the global pharma industry was valued at over USD 1.5 trillion.
Based on the type, the tablet based e-detailing industry divisions are laptops and tablets. In 2023, the highest growth was registered in the tablets segment. The segmental demand is driven by the ease of use offered by tablets. They are easy to carry, lightweight, and appropriate for e-detailing. The innovation in tablet technology is also benefiting the segmental revenue. The introduction of AI-powered tablets equipped with VR or augmented reality (AR) technologies could help market players generate significant revenue. By 2032, the global VR market is expected to cross over USD 245 billion.
Report Attributes | Report Details |
---|---|
Report Name | Tablet Based E-Detailing Market |
Market Size in 2023 | USD 48.25 Billion |
Market Forecast in 2032 | USD 66.91 Billion |
Growth Rate | CAGR of 3.70% |
Number of Pages | 233 |
Key Companies Covered | Cegedim, Veeva Systems, Interactive Medica, Pitcher, Medisafe, Proscape, Agnitio, Aptus Health, Indegene, IMS Health, StayinFront, ACTO, Ogilvy Health, Seismic, Exploria, and others. |
Segments Covered | By Application, By Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to be led by the US during the projection period
The global tablet based e-detailing market will be led by North America during the projection period. The US is estimated to emerge as the leading revenue generator. The country has a mature market for technology-driven industries. It has led for multiple years in terms of incorporating advanced digital solutions for improving healthcare facilities. The US is home to some of the leading tablet-based e-detailing companies extending services to the regional healthcare sector. The US has seen heavy investments in ensuring greater transparency between pharmaceutical companies and healthcare professionals, with the latter group demanding more clear ways of communicating recent pharma-based developments and other related information.
Europe is projected to register significant growth in the tablet based e-detailing industry due to the rising number of patients in the region. The European market is heavily dominated by the growing acceptance of telemedicine which works in the favor of pharma companies using tablet based e-detailing business models. Additionally, the surge in regional medtech companies and associated investments will further promote the regional market growth rate.
Asia-Pacific has huge growth potential. Countries such as Japan, Singapore, China, and India will provide sufficient growth momentum to the regional market. For instance, information technology (IT) companies in these regions are consistently working on developing solutions for tablet-based e-detailing seekers within and outside the region.
The global tablet-based e-detailing market is led by players like:
By Application
By Type
FrequentlyAsked Questions
Tablet based e-detailing refers to the use of digital systems such as tablets for educating healthcare professionals about pharmaceutical development.
The global tablet based e-detailing market is expected to grow due to the several advantages offered by the service.
According to study, the global tablet based e-detailing market size was worth around USD 48.25 billion in 2023 and is predicted to grow to around USD 66.91 billion by 2032.
The CAGR value of the tablet based e-detailing market is expected to be around 3.70% during 2024-2032.
The global tablet based e-detailing market will be led by North America during the projection period.
The global tablet based e-detailing market is led by players like Cegedim, Veeva Systems, Interactive Medica, Pitcher, Medisafe, Proscape, Agnitio, Aptus Health, Indegene, IMS Health, StayinFront, ACTO, Ogilvy Health, Seismic, and Exploria.
The report explores crucial aspects of the tablet-based e-detailing market, including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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