Smart inhalers market accounted forever US $137.6millionin 2019. The market is anticipated to grow at a CAGR of 11.5% from 2020 to 2030.
The market growth of smart inhalers can be attributed to factors such as the growing geriatric population globally and the rising number of patients suffering from respiratory diseases. According to the Office of Disease Prevention and Health Promotion, more than 25 million in the U.S. are suffering from asthma and 14.8 million adults have been diagnosed with COPD. Also, according to the WHO, smoking is considered to be a primary cause for COPD and more than 1 billion people inhale polluted air exposed to tobacco outdoors. These are among the primary factors that will lead to market growth.
Major Key Players of the Smart Inhalers Market are:
Astra Zeneca plc, GlaxoSmithKline plc, Novartis AG, Boehringer Ingelheim International GmbH, Teva Pharmaceutical Industries Ltd., AptarGroup, Inc., Vectura Group plc, Findair Sp. z o. o., H&T Presspart Manufacturing Ltd., and Zeolr Technologies Pvt Ltd, among others.
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A smart inhaler offers better drug delivery for the treatment of the respiratory tract diseases through noninvasive means to deliver either topically active medications or systemic drugs to target organs. The nose and the lungs are the target organs for the deposition of an aerosol drug. In asthma, drug delivery to the upper airways is needed while for alveolar lung diseases, such as chronic obstructive pulmonary disease (COPD) and idiopathic pulmonary fibrosis, it is important to have drug deposition deep within the lungs rather than just the upper airways. Other factors, such as the rising number of digital partnerships between pharmaceutical and software companies to offer smart inhaler devices is expected to offer lucrative growth opportunities to the market. Moreover, technological advancements for the development of innovative products by the key players are also boosting market growth.
The Smart Inhalers Market is segmented on the basis of Product Types, Disease Indication, Distribution Channel and region.
Major Product Types of Smart Inhalers Market covered are:
- Dry Powder Inhalers
- Metered Dose Inhalers
Major Disease Indication of Smart Inhalers Market covered are:
- Chronic Obstructive Pulmonary Disease (COPD)
- Asthma
Major Distribution Channel of Smart Inhalers Market covered are:
However, the lack of awareness among the patients regarding novel technology is a major factor hampering market growth. Additionally, limited product availability in emerging regions is expected to hamper the growth of the target market.
Research objectives:-
– To study and analyze the global Smart Inhalers consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Smart Inhalers market by identifying its various sub-segments.
– Focuses on the key global Smart Inhalers manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Smart Inhalers with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Contents
- INTRODUCTION
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2017 & 2018; Base Year – 2019; Forecast Years – 2020 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
- GLOBAL SMART INHALERS MARKET- ANALYSIS & FORECAST, BY PRODUCT TYPE
- Dry Powder Inhalers
- Metered Dose Inhalers
- GLOBAL SMART INHALERS MARKET- ANALYSIS & FORECAST, BYDISEASE INDICATION
- Chronic Obstructive Pulmonary Disease (COPD)
- Asthma
- Others
- GLOBAL SMART INHALERS MARKET – ANALYSIS & FORECAST, BY DISTRIBUTION CHANNEL
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- GLOBAL SMART INHALERS MARKET- ANALYSIS & FORECAST, BY REGION
- North America Smart Inhalers Market
- Europe Smart Inhalers Market
- Asia Pacific Smart Inhalers Market
- Rest of the World (ROW) Smart Inhalers Market
- COMPANY PROFILES (Business Overview, Products Offered, Financial Performance*, Recent Developments)
- AstraZeneca plc
- GlaxoSmithKline plc
- Novartis AG
- Boehringer Ingelheim International GmbH
- Teva Pharmaceutical Industries Ltd.
- AptarGroup, Inc.
- Vectura Group plc
- Findair Sp. z o. o.
- H&T Presspart Manufacturing Ltd.
- Zeolr Technologies Pvt Ltd *Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain
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In the end, Smart Inhalers industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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