“Global Smart Inhalers Market Share, Trends and Growth Analysis by Type (Dry Powder Inhaler and Metered Dose Inhaler), Application (Asthma, Chronic Obstructive Pulmonary Disease), End User (Hospitals & Clinics, Respiratory Care Centers) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) – Forecast till 2025”
The global smart inhalers market is expected to exhibit a robust 45.06% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The global smart inhalers market is expected to reach a valuation of USD 4.7 billion by 2025, according to the MRFR report. The research report profiles the global smart inhalers market in great detail and provides readers with a comprehensive overview of the market. The market’s historical growth trajectory, present conditions, and future growth prospects are studied in the report. The report provides a comprehensive overview of the market’s historical growth trajectory by detailing the historical stats regarding the market. Future projections are based on the detailed historical stats offered in the report. Based on this platform, future projections for the smart inhalers market’s growth trajectory over the forecast period are provided in the report. The report also profiles the leading players in the global smart inhalers market and gives readers a comprehensive analysis of the leading players in the global smart inhalers market. The report also profiles the major drivers and restraints affecting the global smart inhalers market. The factors making the market tick and those holding the market back are studied in detail in the report. The impact of the COVID-19 pandemic on the smart inhalers market is also assessed in the report.
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Smart inhalers are inhalers equipped with digital technology that helps keep track of the dosage. Smart inhalers are a product of 21st-century medical innovation and are being widely preferred in place of conventional inhalers due to the various advantages they provide. The digital technology used in smart inhalers can provide patients reminders to take their medication, which solves the age-old problem of patients forgetting to take their medication. This has been a revolutionary step in the respiratory care and management sector, as this allows for error-free medication dispensation for all patients. Smart inhalers also improve the efficacy of the prescribed medicine, which has also been a major driver for the global smart inhalers market over the last few years.
The increasing prevalence of respiratory diseases such as asthma and chronic obstructive pulmonary disease (COPD) is likely to be a major driver for the global smart inhalers market over the forecast period. The increasing threat of air pollution has led to a growing prevalence of respiratory conditions in the modern world, with urban areas in particular witnessing a rapid growth in the prevalence of several respiratory diseases, including asthma and COPD.
Smart Inhalers Market Competitive Leaderboard:
Leading players in the global smart inhaler market include Propeller Health, Inspiro Medical, Gecko Health Innovations Inc., GSK plc, Cohero Health, AstraZeneca, and Adherium. Major players in the global smart inhalers market are likely to engage in product diversification and improvement in the coming years, as the growing usage of smart inhalers has led to a growing demand for technologically competent smart inhalers that provide added functionality. Health apps that link to the smart inhaler and provide users reminders to take their medication are also likely to be a key area for investment among the major players operating in the global smart inhalers market over the forecast period.
Smart Inhalers Market Segmentation:
The global smart inhalers market is segmented on the basis of type, application, end use, and region.
By type, the global smart inhalers market is segmented into dry powder inhaler and metered dose inhaler.
By application, the market is segmented into asthma, COPD, and others.
By end use, the global smart inhalers market is segmented into hospitals and clinics, respiratory care centers, and others.
Smart Inhalers Market Regional Analysis:
Geographically, the Americas dominate the global smart inhalers market and held a majority share in the global market in 2018. The dominance of the Americas region is likely to continue over the forecast period due to the growing prevalence of respiratory diseases in the region and the growing awareness about smart inhalers. Europe accounted for more than 31% of the global smart inhalers market in 2018.
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