Global rise in air pollution, increase in population susceptible to indoor air pollutants, growing adherence to smart inhalers, and surge in incidences of asthma cases drive the growth of the global intelligent asthma monitoring devices market. However, misusing data & data privacy and resistance toward adoption of smart inhalers restrain the market to some extent. On the other hand, increased focus toward advanced treatment protocols and significant unmet need in respiratory care present new opportunities in the upcoming years.
the global intelligent asthma monitoring devices market generated $180.5 million in 2020, and is projected to reach $1.69 billion by 2030, witnessing a CAGR of 25.1% from 2021 to 2030..The report offers in-depth analyses of the market size & estimations, key player positioning, drivers & opportunities, major market segments, top-winning strategies, and competitive landscape.
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Increase in indoor air pollutants, rise in prevalence of chronic obstructive pulmonary disease (COPD) and asthma, and surge in adoption of smart inhalers drive the growth of the global intelligent asthma monitoring devices market. However, concerns about data privacy hamper the market growth. On the contrary, increased focus toward advanced treatment protocols and unmet needs in respiratory care across developing countries are expected to create lucrative opportunities for the market players in the near future.
COVID-19 Impact Analysis-
- The outbreak of the COVID-19 pandemic has had a positive impact on the global intelligent asthma monitoring devices market.
- Rise in prevalence rate of chronic respiratory diseases is expected to further drive the growth of the respiratory monitoring devices market in the post pandemic period.
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The home use segment is anticipated to grow exponentially at CAGR of 53.8% from 2018 to 2025, as these products are user-friendly, help avoid severe attack due to real-time monitoring, and assist in drug dose and time of medication. However, hospitals segment held the largest share in 2017, contributing about two-fifths of total revenue, as it offers basic services for asthma monitoring along with availability of skilled nurses and trained professionals.
Asia-Pacific region is projected to grow at the fastest CAGR of 56.7% through 2025, owing to presence of high patient base, increase in healthcare expenditure by the populace, and technology advancements to launch cost-effective devices. However, North America held the largest share in 2017, contributing more than two-fifths of the total market revenue, owing to increased awareness about intelligent asthma monitoring devices among healthcare professionals & patients, availability of trained healthcare personnel, and high reimbursement policies. The other regions analyzed in the report include Europe and Latin America, Middle East and Africa (LAMEA).
The key market players analyzed in the report include
Leading players of the global intelligent asthma monitoring devices market analyzed in the research include Adherium, Astrazeneca, Cohero Health Inc, Glaxosmithkline PLC, Health Care Originals, Koninklijke Philips N.V, Propeller Health, Teva Pharmaceuticals Industries Ltd., Vectura group Plc., and Volansys Technologies.
Key Findings of the Intelligent Asthma Monitoring Devices Market:
- The smart inhalers segment accounted for around 92.2% share of the global intelligent asthma monitoring devices market in 2020.
- The wearable asthma monitoring segment is expected to grow at a CAGR of 15.90% from 2020 to 2030.
- The home care segment accounted for around 32.78% share in 2020.
- North America accounted for around 40.22% share of the global intelligent asthma monitoring devices market in 2020.
- Asia-Pacific is expected to grow at the highest CAGR of 27%.
Scope of the Report
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