Global Intelligent Asthma Monitoring Devices Market Expected to Reach $654.96 Million Growing By Double Digit CAGR at 54.5%

The global intelligent asthma monitoring market was valued at $20 million in 2017, and is projected to reach $655 million by 2025, growing at a CAGR of 54.5% from 2018 to 2025.

Asthma monitoring is monitoring of asthma to avoid attacks and related morbidity. Asthma management requires patients active commitment to engage in self-monitoring routines. Asthma self-monitoring includes symptom-based and peak expiratory flow (PEF) monitoring. The increase in the incidence of asthma cases increases the demand for cost-effective treatment option. However, proper handling of devices and product recall is anticipated to impede the market growth.

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Intelligent asthma monitoring devices are devices used to monitor asthma and prevent asthma attacks related complications. Growth in geriatric population and increase in cases of asthma drive the growth of the global intelligent asthma monitoring devices market. Moreover, some of the factors such as increase in healthcare expenditure and better clinical outcomes fuel the market growth. However, product recall and lack of skilled healthcare professionals are expected to hinder the growth of the global market.

Based on product, the global intelligent asthma monitoring devices market is segmented into wearable asthma monitoring devices and smart inhalers. Smart inhaler segment is further bifurcated into inhalers and nebulizers. Inhalers segment is further bifurcated into dose metered inhalers (DMIs) and metered dose inhalers (MDIs). Currently, smart inhalers segment is leading the market and is estimated to grow at the fastest rate.

Based on end user, the global intelligent asthma monitoring devices market is classified into hospitals, clinics, and home use. Presently, hospital segment is dominating the global market and is estimated to grow during the forecast period. Whereas, home use segment is expected to show fastest growth in the market during the forecast period due to increase in the number of phone-based apps and smart inhalers that can be handled with ease.

Snapshot of Asia-Pacific intelligent asthma monitoring devices market

Asia-Pacific provides lucrative growth opportunities for the key players operating in the intelligent asthma monitoring devices market due to high population base, growth in awareness about intelligent asthma monitoring, development in healthcare infrastructure, and increase in number of asthma patients and asthma attacks. However, as insurance companies do not cover the entire material expenses of a surgery, it is estimated to hamper the market growth in Asia-Pacific.

The key players profiled in this report include

• Vectura Group plc,
• Propeller Health,
• Teva Pharmaceutical Industries Ltd. (Gecko Health Innovations),
• Adherium Limited,
• Qualcomm Life,
• AstraZeneca plc,
• Health Care Originals,
• Philips Healthcare,
• GlaxoSmithKline plc, and
• Volansys Technologies.

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Key Findings of the Intelligent Asthma Monitoring Devices Market:

• Based on product, the smart inhaler segment is expected to experience rapid growth in the market and is projected to grow at a CAGR of 57.0% from 2018 to 2025.
• Based on end user, the hospital & clinic segment held approximately half of the global market share in 2017 and is expected to remain dominant throughout the forecast period.
• Based on region, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 56.7% during the forecast period.

North America accounted for approximately one-half of the global market share in 2017 and is expected to remain dominant throughout the forecast period. This is attributed to the rise in demand for smart inhalers, increase in number of asthma patients and asthmatic attacks, higher number of trained medical professionals, and rise in geriatric population. While Asia-Pacific is expected to experience the highest growth rate during the forecast period majorly due to rise in number of asthma patients and increase in adoption of intelligent asthma monitoring devices.

Table Of Content

Chapter: 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key Market Segments
1.3.1. List of key players profiled in the report:
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.5. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective

Chapter: 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. key findings
3.2.1. Top investment pockets
3.3. Top player positioning
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Global Increase in air pollution
3.4.1.2. Increase in population susceptible to indoor air pollutants
3.4.1.3. Increasing prevalence of COPD and asthma globally
3.4.1.4. Expected increase in adherence to smart inhalers
3.4.1.5. Increasing collaboration between pharmaceutical companies and smart inhaler manufacturers
3.4.1.6. Rising incidences of asthma cases
3.4.2. Restraints
3.4.2.1. Misusing data and data privacy
3.4.2.2. Resistance towards adoption of smart inhalers
3.4.3. Opportunities
3.4.3.1. Increased focus towards advanced treatment protocols
3.4.3.2. Significant unmet need in respiratory care
3.4.3.3. Opportunities in emerging economies
3.4.3.4. Impact analysis

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