Press release
Global Smart Inhalers Market to reach USD 829.3 Million by 2025 : Top Keyplayers are Teva Pharmaceuticals Industries Ltd, Vectura Group PLC, AstraZeneca PLC, Boehringer Ingelheim Gmbh, Propeller Health, Cohero Health LLC, Adherium Limited, Novartis AG, Gl
Global smart inhalers market is mainly driven by rising prevalence of respiratory diseases such as asthma and COPD. According to WHO, over 90 % of COPD (Chronic obstructive pulmonary disease) observed in middle- & low-income countries. The prevalence of COPD and asthma is rising due to several reasons such as growing consumption of tobacco and cigarettes, rising aging population and growth of air pollutants. The prevalence rate of COPD is high in the United States. COPD is the third leading cause of death in the United States. Further, according to the Asthma Organization UK, in 2015 around 5.4 million people in United Kingdom are presently receiving asthma treatment out of which 4.3 million are adults and rest 1.1 million are children. Moreover, in United Kingdom one in every 11 people is suffering from asthma. This clearly states that there is high prevalence of respiratory diseases positively affects the demand for the smart inhalers. However, lower acceptance in emerging economies is the major factor that impede the growth of global smart inhalers market.
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On the basis of segmentation, the smart inhalers market is segmented into product, indication and end-user. The product segment of global smart inhalers market is classified into inhalers and nebulizers of which inhalers dominates the major as inhalers are preferred as first option of treatment, portability. Based on indication, the smart inhalers market is classified into asthma and COPD. On the basis of end-user, the market is classified into patients and research & development.
The regional analysis of smart inhalers market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. North America have occupied major share in the global smart inhalers market. The major reasons for the dominance of North America are high awareness regarding asthma and COPD treatment, high technological innovations in healthcare sector, high adoption of smart inhaler device and growing adoption of IOT in healthcare industry. Whereas, Asia-Pacific is expected to emerge as the fastest growing region in terms of market share. The growth of Asia-Pacific region is witnessed owing to growing population affected with respiratory diseases due to rising air pollution.
The leading market players mainly include-
Teva Pharmaceuticals Industries Ltd
Vectura Group PLC
AstraZeneca PLC
Boehringer Ingelheim Gmbh
Propeller Health
Cohero Health LLC
Adherium Limited
Novartis AG
Glaxo SmithKine PLC
OPKO Health
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Inhalers
Metered Dose Inhalers
Dry powder inhalers
Nebulizers
By Indication:
Asthma
COPD
By end-user:
Patients
R&D
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
ROE
Asia Pacific
China
India
Japan
ROAPEC
LAMEA
Brazil
Mexico
ROW
Middle East & Africa
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Smart Inhalers Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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