A recent report published by Infinium Global Research on smart inhalers market provides in-depth analysis of segments and sub-segments in the global as well as regional smart inhalers market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional smart inhalers market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global smart inhalers market. According to the report, the global smart inhalers market is projected to grow at a CAGR of 13.4% over the forecast period of 2019-2025.
Smart inhalers are the modified traditional inhalers which are made up with the association of clip-on sensors and are also called as connected inhalers. Smart inhalers are wirelessly connected to phone or tablet through an app which provides information to patient and doctor to help in managing respiratory disease also eliminate the need to keep own record. Smart inhalers help to track the medication, drug dosage, and time taken for each dose. Some smart inhalers have sensors that can track air changes in an environment like high pollution or high pollen area, while some can send prior reminders to use an inhaler. Data recorded by a smart inhaler can be used for understanding the patient’s daily routine.
Rising prevalence of respiratory disease globally is one of the major factor driving the growth of smart inhalers market, respiratory diseases like asthma and COPD are considered one of the major respiratory disorders which causes health complexities such as chronic cough, difficulty in breathing, chest pain, and fatigue. CDC report has stated more than 24 million people in the US are asthma affected and more than 3600 deaths have occurred. Moreover, rising air pollution levels and an increasing number of tobacco smokers is another major factor contributing to the growth of the market. Prolonged exposure to air pollution can result in a significant adverse effect on human health, and become a reason for acute COPD and the onset of asthma, results in respiratory morbidity and mortality, the effect of air pollution on health depends upon the source of pollutants. The combustion of solid waste is a major source of air pollution in developing countries. However, the high cost associated with devices and the finite availability of smart inhaler can affect the growth of the market. On the other hand, new innovations in the smart inhaler sector to overcome existing drawbacks will provide a better opportunity in the near future.
Among the regions, North America holds the largest share of the smart inhalers market in terms of revenue. Factors such as increasing awareness about respiratory disease and advancement in the healthcare devices are attributing the growth of the region, following North America, Asia-Pacific is the second largest market for a smart inhaler, and is anticipated to grow with high CAGR over the forecast period. Rapid industrialization and rising expenditure on the healthcare sector in developing countries like India and China contributing to the growth of the region.
The report on global smart inhalers market covers segments such as product type, disease type, and end user. On the basis of product type, the sub-markets include inhalers, dry powder inhalers, nebulizers, and other product types. On the basis of disease type, the sub-markets include asthma, and COPD. On the basis of end user, the sub-markets include hospitals & clinics, respiratory care centres, and other end users.
The report provides profiles of the companies in the market such as Sensirion AG, The 3M Company, Adherium Limited, AstraZeneca Plc, Boehringer Ingelheim International GmbH, Cohero Health, Inc., GlaxoSmithKline Plc, Glenmark Pharmaceuticals, Novartis AG, Vectura Group Plc, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of smart inhalers market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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