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.
Please Choose One of them.