The report for smart inhalers Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.
Global Smart Inhalers Market is expected to grow at the rate of about 42.8% from 2016 to 2022.
Smart Inhalers are a part of new age digital technology which is designed to improve the disease management in the respiratory diseases. Smart Inhalers are basically the respiratory inhalers equipped with a digital sensor. The sensor tracks the data such as the dosage timing, monitors the use of the inhaler, and schedules the next dosage. Smart Inhalers can generate alerts for the daily dosage for the user using the smart devices connected to the sensors via Bluetooth. Wide variety of benefits ranging from improving medication adherence to reducing hospital admissions, which makes smart inhalers the next big thing of respiratory care segment. Globally the market for smart inhalers is increasing rapidly.
Key Players for Smart Inhalers Market:
Adherium, AstraZeneca, Cohero Health, GlaxoSmithKline, Gecko Health Innovations Inc., Inspiro Medical, and Propeller Health.
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The Smart Inhalers global market and is expected to reach $1636.1 million by 2022.
Dry Powder Inhalers hold the largest share of the market.
North America holds the largest market share of 54.3% of smart inhalers market and is anticipated to reach $888.4 million by the end of forecast period.
Globally, Asia-Pacific the fastest growing region and expected to grow at the rate of 55.3% during the forecast period.
Smart Inhalers market has been segmented on the basis of type which comprises of dry powder inhaler, and metered dose inhaler. On the basis of application, market is segmented into Asthma, COPD, and others. On the basis of end user, market is segmented into hospitals & clinics, respiratory care center, and others.
Regional Analysis of Smart Inhalers Market:
Globally North America is the largest market for Smart Inhalers which is anticipated to reach $888.4 million by 2023. Europe is the second-largest market in 2016 which is valued at $57.4 million. Furthermore Asia pacific market is expected to be the fastest growing market and is projected to grow at a CAGR of 55.3% during the forecast period from 2016-2022. Smart inhalers market in rest of world is expected to rise after 2019.
TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.1 Definition 9
1.2 Scope Of Study 9
1.3 Research Objective 9
1.4 Assumptions & Limitations 10
1.4.1 Assumptions 10
1.4.2 Limitations 10
1.5 Market Structure 10
2 RESEARCH METHODOLOGY
2.1 Research Process 11
2.2 Primary Research 12
2.3 Secondary Research 12
3 MARKET DYNAMICS
3.1 Drivers 14
3.1.1 Advantage Over Conventional Inhalers 14
3.1.2 Improve Adherence 14
3.1.3 Technological Advancements Worldwide 14
3.1.4 Extensive Use Of Smart Computing Devices 15
3.1.5 Prevalence Of Respiratory Disorders 15
3.2 Restraints 15
3.2.1 High Price Of Smart Inhalers 15
3.2.2 Limited Availability Of These Products In Some Regions 15
3.2.3 Data Security Concern Related To Security Devices 15
3.2.4 Regulating Government Policies 16
3.3 Opportunities 16
3.3.1 Expansion In Developing Countries 16
3.3.2 Partnering With Big Pharmaceutical Giants 16
3.3.3 New Product, Innovative Products 17
4 MARKET FACTOR ANALYSIS
4.1 Porter’s Five Forces Model 18
4.1.1 Bargaining Power Of Suppliers 19
4.1.2 Bargaining Power Of Buyers 19
4.1.3 Threat Of New Entrants 19
4.1.4 Threat Of Substitutes 19
4.1.5 Intensity Of Rivalry 19
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