Smart Inhalers Market Demand, Growth Opportunities, Future Trends, Key Players, and Forecast to 2030
The use of
smart technology has established a smart presence in the healthcare domain.
This has led to an increased number of smart devices. Market focused reports
linked with the healthcare industry among others recently have been made
available by Market Research Future which issues reports on this industry. The Smart Inhalers Market globally is anticipated to acquire
the market value of USD 1.35 Billion while thriving at a CAGR of 23.5% by 2030.
The need to
monitor medicine dosage and schedule the medicine intake the market for smart
inhalers has grown considerably. Due to the prevalence of ailments like asthma,
the market has grown considerably over the past few years. As asthma patients
are required to monitor their drug intake diligently, the smart inhalers
provide a great degree of convenience in that regard. The development of the
market is also powered by the incorporation of cutting-edge technologies in
these products.
Key Players- A few of the noteworthy competitors in this Smart
Inhalerss Market Players are AstraZeneca, Gecko Health Innovations
Inc., Cohero Health, Adherium, GlaxoSmithKline, Inspiro Medical, and Propeller
Health.
Industry Segments
The smart
inhalers market has been segmented on the basis of application, type, end user,
and region.
·
On the basis of type, the segment involves metered dose inhaler and dry powder
inhaler. The dry powder inhalers control the principal share of the market.
·
The application basis of segmentation of the market consists of asthma, COPD, and
others.
·
The end user segmentation of the market is segmented into respiratory care center, hospitals
& clinics, and others.
·
On the basis of regions, the market includes North America, APAC, Europe and rest of the world.
Detailed Regional Analysis
The
regional analysis of the smart inhalers comprises regions such as North
America, Middle East, Europe, Africa, APAC and rest of the world. Globally, the North American region is the
major market for smart inhalers which is predicted to touch $888.4 million in
revenues approximately by 2023. The European region was the second biggest
market in 2016 which is worth $57.4 million. Additionally, the Asia Pacific
market is anticipated to be the most rapidly growing market and is likely to
develop at a CAGR of 55.3 percent during the forecast period from 2016 to 2022.
The smart inhalers market in the rest of world is anticipated to surge after
2019.
Global Competitive Analysis
The impetus
for the market’s growth has altered the competitive background of the market.
By ensuring supply and demand are in balance the competitors can unlock new
opportunities for growth. The key players and trends have created a positive
tone for development. The important trends and players have established a
positive tone for development. The opportunities for growth and innovation have
increased at a rapid pace transforming the landscape of the market. Engaging
and converting prospective opportunities is modifying the growth pace of the
market considerably. The competitors in the market have been spurred to devise
strategic road-maps that capitalize on the positive market cues.
Industry Updates:
·
April 2018 Adherium which is a smart inhaler
company recently stated last week that it has gained a 510(k) clearance
for OTC sales of its inhaler monitoring device for AstraZeneca’s Symbicort
aerosol inhaler, named the SmartTouch for Symbicort. The company creates a device
that grafts onto a patient’s inhaler to observe and inspire medication
adherence as part of a self-management plan. It is aimed to be easy to install
and remove and comprises of three buttons that aid patients access the battery
monitoring, audio visual-reminders, and Bluetooth low-energy pairing features.
The sensor was initially by the FDA in September last year and is planned
for usage by patients with respiratory conditions like COPD and asthma.
https://www.linkedin.com/pulse/cardiopulmonary-resuscitation-market-2022-in-depth-research-gupta-1c
https://famenest.com/read-blog/20891
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