According to a recent study report published by the Market Research Future The Global Market for Smart Inhalers is growing continuously and expected to grow at a CAGR of 42.8% during the forecast period 2017-2023. Smart Inhalers market information, by type (dry powder inhaler, and metered dose inhaler), by application (Asthma, COPD, and others), by end user (hospitals & clinics, respiratory care center, and others) – Forecast to 2022
Global Smart Inhalers Market – Overview
Smart Inhaler technology is quickly becoming one of the most valuable areas of pharmaceutical engagement in digital health. Due to the scope of market growth, smart inhalers industry is witnessing huge innovations regarding asthma treatment and pediatric sciences. For the treatment of respiratory diseases, increasing technological advancements and the need for integrated cloud-based technologies are the key factors that are contributing to the market growth.
Cloud-based solutions are being emphasized to simplify chronic respiratory disease management. These solutions also connect patients and caregivers through real-time tools and remote monitoring. Clinical approvals and growing acquisitions for various competitive products by the major players also highlight the growth of the global smart inhalers market.
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Global Smart Inhalers Market – Key Players
Adherium Limited (New Zealand), AstraZeneca (England), Cohero Health (USA), GlaxoSmithKline (U.K.), Gecko Health Innovations Inc (USA), Inspiro Medical Ltd., and Propeller Health (USA) are some of the prominent players at the forefront of competition in the Global Smart Inhalers Market and are profiled in MRFR Analysis.
Global Smart Inhalers Market – Segments
The Global Smart Inhaler Market has been segmented based on type, application, and end user.
By type, the global smart inhaler market has been segmented into dry powder inhaler and metered dose inhaler.
By application, the global smart inhaler market has been segmented into Asthma, COPD, and others.
By end user, the global smart inhaler market has been segmented into hospitals & clinics, respiratory care center, and others.
Global Smart Inhalers Market – Regional Analysis
By region, the Global Smart Inhalers Market has been segmented into North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW).
North America is the largest market for smart inhalers and is estimated to reach USD 888.4 Mn by the end of 2023. The existence of market players in the region coupled with a high investment in R&D activities boosts the market growth. In addition, the region is a frontrunner in the adoption of the latest technologies which acts as a plus for the market growth. Other factors driving growth include improving reimbursement scenario and a high prevalence of respiratory diseases in the region.
Europe ranks the second in the global smart inhalers market and was valued at USD 57.4 Mn in 2016. Government support for R&D and the growing burden of chronic respiratory diseases is fostering market growth in Europe.
APAC is poised to showcase the highest growth rate and capture a remarkable CAGR of 55.3% over the forecast period. Expansion of the healthcare sector in the emerging economies of the region and huge patient pool favor market growth.
Latest Industry News:
In February 2019, Propeller Health, a leading mobile platform for respiratory health announced a partnership with Orion Corporation, a pharmaceutical and diagnostics company to co-develop a custom-built Propeller sensor for Orion’s Easyhaler line of inhaled pulmonary drugs. The new sensor will enable tracking of medication use and improve medication adherence.
Global Smart Inhalers Market – Key Finding
- 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.
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