It is expected to surpass USD 185.64 Million by 2028 with a CAGR of 18.5% over the forecast period.in 2021, The smart Inhalers Market was valued at USD 56.58 Million.
Smart Inhalers Market: Global Size, Trends, Competitive, and Historical & Forecast Analysis, 2021-2028. Advanced technological requirements in healthcare products and lack of awareness about the treatment of pulmonary diseases and the rising number of patients affected by bronchospasm are the major factors driving the market growth.
Market Analysis of Smart Inhalers: –
Smart inhalers are inhalers that can be connected to multiple devices to take the patients’ health updates on a daily basis, especially for people who have respiratory diseases like asthma and COPD these diseases. It has sensors that remind about the daily dosage and how much can actually take. As technology is getting smarter it’s getting useful in healthcare products too.
The global smart inhaler market is segmented on the basis of product type, application, indication, and region & country level. On the basis of product type, the market is segmented into inhalers and nebulizers. On the basis of application, the market is segmented into patients and research and development. On the basis of indication, the market is segmented into asthma and COPD.
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Smart Inhalers Companies:
- Teva Pharmaceutical Industries Ltd.
- Vectura Group plc.
- Boehringer Ingelheim GmbH.
- AstraZeneca plc.
- Propeller Health.
- OPKO Health.
- Adherium Limited.
- Novartis AG.
- GlaxoSmithKline plc.
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Global Smart Inhaler Market Segmentation: –
By Product Type:
By Application Type:
- Research and Development
By Indication Type:
The advanced technological requirement in healthcare products is one of the drivers of this market. Nowadays people and technology are getting way more advanced than traditional techniques. In the scenario of pulmonary diseases, many people are still unaware of their symptoms. However, the stats published by the World Health Organization (WHO) on currently affected people with asthma are around 235 million worldwide.
Population and pollution are two main factors which are rapidly growing. With the increasing population, there are several diseases coming to be known. Some of them can be diagnosed within a few days and some can be diagnosed for a limited period. For example, bronchospasm, is a chronic disease and it is not for a limited period, it affects people for life long.
It is happening due to a lack of awareness about asthma and COPD among people and leading to the increasing number of incidences of these diseases and driving the demand for smart inhalers. In addition, the increasing adoption IoT devices in healthcare is also expected to supplement the market growth.
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The smart inhalers market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the global smart inhaler market. Around 25 million Americans have asthma of which 7.7% of adults and 8.2% of children have asthma. Behind every 13 people, 1 person has asthma and the number is increasing rapidly. High awareness about chronic diseases and the benefits of smart inhalers is one of the major factors driving the market growth in this region. Europe is the second-largest region of asthma-affected people around 30 million adults and children.
On Special Requirement the Smart Inhalers Market. The report is also available for the below Regions and Countries: –
- Rest of Europe
- South Korea
- Rest Of APAC
- Rest of South America
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest Of MEA
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