Smart Inhaler Market- Global Thematic research (2017-2022)
The Global Smart Inhaler Market was worth USD 19.91 million in 2017 and estimated to be growing at a CAGR of 68.27%, to reach USD 268.6 million by 2022. Smart inhalers are digitally operated and sensor equipped inhalers that help patients by sending timely reminders in order to keep a track on inhaler dose at required time. These inhalers work on different inputs given by users. They are mainly prescribed for patients suffering with asthma or chronic obstructive pulmonary disease who has to inhale the medicine at particular intervals.
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Smart inhalers also have the facility to directly transfer the medication data to the cloud server or any mobile application in order to analyse by the physician. With the increase in technology advancements in the medical sector, top pharmaceutical companies are including the digital technology for improving the efficacy of prescribed medicines. Smart inhalers are gaining popularity all over the world, that help in gathering data from the sensor and altering the patient in the particular time.
Rise in air pollution which causes disorders like asthma and COPD, inclination of patients towards digitalized medical devices, increasing aging population, rising awareness about medication, rising investments in R&D of medical devices, growing respiratory diseases, new product innovations in medical industry and the technology advancements in the pharma-medical devices industry are driving the Global Smart Inhalers Market. However, limitations in data privacy, high costs and lack of availability in many regions are hindering the market growth.
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The Global Smart Inhaler Market is segmented on the basis of product type, disorder, end-user and region. Based on the product type, the market is segmented into nebulizers and inhalers. The inhalers segment is further segmented into metered dose inhalers and dry powder inhalers. Depending on the disorder, the market is segmented into Chronic Obstructive Pulmonary Disease (COPD), Asthma and other respiratory diseases. On the basis of End-user, the market is segmented into patients, R&D, and others. The market has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. North America has the largest share in terms of revenue and product due to the high awareness about the digital medications, presence of large private companies and the favourable reimbursements in the medical sector. However, Asia-Pacific region is anticipated to have the fastest growing rate due to the high investments by the government organizations and private companies in the medical industry, growth in aging population and emerging economies like China and India.
Major companies like Global Smart Inhaler Market are Vectura Group plc, Teva Pharmaceutical Industries Ltd., GlaxoSmithKline plc, Boehringer Ingelheim GmbH, AstraZeneca plc, Adherium Limited, Cohero Health, LLC, Propeller Health, GlaxoSmithKline plc and OPKO Health, Inc.
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Some Point from Table of Content:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
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