Detailed overview of leading pill timer companies, their products, market presence, innovations, and strategic focus in improving medication adherence.
Med-E-Lert
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Headquarters: Minneapolis, Minnesota, USA
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Product offerings: Automatic pill dispensers with programmable timers and locking mechanisms for medication adherence
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Market share and revenue: Estimated revenue under $5 million; market share data unavailable
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Recent developments: No significant recent news reported
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Strategic focus: User-friendly medication dispensing systems aimed at helping patients and caregivers with dosing schedules and adherence
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Key customers/industries: Individual users, caregivers, home care facilities
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Financial performance: Revenue under $5 million
e-pill Medication Reminders (e-pill, LLC)
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Headquarters: Wellesley, Massachusetts, USA
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Product offerings: 51 different medication reminder devices including automatic pill dispensers, alarm watches, and pill boxes with alarms
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Market share and revenue: Largest US manufacturer/distributor of such devices; exact revenue data unavailable
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Recent developments: No specific recent innovations publicly noted
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Strategic focus: Enhancing patient compliance with practical medication adherence solutions
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Key customers/industries: Distributors, hospitals, clinics, pharmaceutical companies, biotech firms, insurance companies, and direct patient sales
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Financial performance: Operating since 1999; detailed financials not disclosed
Tricella Inc
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Headquarters: Mountain View, California, USA
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Product offerings: Wireless pill reminders, IoT-enabled medication management devices, software solutions for healthcare monitoring
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Market share and revenue: Data not disclosed; private startup with 10-50 employees
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Recent developments: Holds 10 patents related to wireless and IoT medication solutions
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Strategic focus: Remote patient monitoring, automation, and AI to improve healthcare outcomes and family connectivity
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Key customers/industries: Healthcare providers, caregivers, patients
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Financial performance: Private company; specific financials not publicly available
TabTime Ltd
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Headquarters: United Kingdom
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Product offerings: Medication management products including automatic pill dispensers, pill cutters, and pill boxes with alarms
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Market share and revenue: Revenue estimated under $5 million
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Recent developments: Continues to expand product range focusing on medication management
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Strategic focus: Simplifying medication adherence especially for dementia and Parkinson’s patients
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Key customers/industries: Older adults, caregivers
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Financial performance: Undisclosed
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MedReady Inc.
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Headquarters: Torrance, California, USA
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Product offerings: Automated, timed, secure medication dispensers with over 100,000 devices in operation worldwide
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Market share and revenue: Revenue under $5 million; recognized leader in timed electronic medication dispensers
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Recent developments: Operating in over 10 countries, expanding globally through MedReady Australia
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Strategic focus: Enhancing medication adherence to reduce medication errors and improve user independence
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Key customers/industries: Individuals, caregivers, pharmacies, health insurance, government
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Financial performance: Private company, no detailed financial data
Philips Medication Dispensing Service (Philips)
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Headquarters: Netherlands
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Product offerings: Integrated medication dispensing and management solutions as part of its health technology portfolio
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Market share and revenue: Philips has a broad health tech portfolio with 2015 sales of EUR 16.8 billion; segment-specific revenue not detailed
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Recent developments: Innovation in connected tech solutions improving medication adherence, including Philips Medido
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Strategic focus: Health technology across the continuum including home care and patient monitoring
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Key customers/industries: Healthcare providers, chronically ill patients, care providers
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Financial performance: Large multinational with extensive financial reporting
LiveFine
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Headquarters: India (Delhi)
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Product offerings: Smart pill dispensers and related lifestyle health devices
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Market share and revenue: Data not publicly available
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Recent developments: Focus on product innovation for healthier lifestyles
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Strategic focus: Consumer health improvement through smart lifestyle products
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Key customers/industries: Consumers interested in health and wellness
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Financial performance: Private with no public data
MedMinder Systems Inc.
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Headquarters: Norwood, Massachusetts, USA
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Product offerings: Automated pill dispensers with smart reminder capabilities, pharmacy solutions, remote monitoring
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Market share and revenue: Employs 51-200 people; financials private
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Recent developments: Strong remote monitoring capabilities integrating caregiver and pharmacist notification systems
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Strategic focus: Medication adherence through technology-enabled services enabling aging in place
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Key customers/industries: Seniors, caregivers, healthcare providers
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Financial performance: Private company; no detailed revenue disclosed
For other named companies like
TimerCap LLC, Apothecary Products LLC, Hero Health, Vigilant LLC, EllieGrid, GMS Group Medical Supply, Careousel (Pivotell Ltd), iCap (Information Mediary Corp), PillDrill Inc., AdhereTech, Maya Health, and Tunstall Healthcare, detailed profiles specific to pill timers are not readily available or insufficient publicly. They may offer related medication adherence or health monitoring devices, but specifics on market share, revenue, strategic focus, and key customers in the pill timer segment remain undisclosed.