Asthma Monitoring Devices Market Development Trends & Competitive Analysis by Leading Industry Players

According to the data released in 2017 by the World Health Organization, there are about 235 million people across the globe suffering from asthma. In 2015, the number of deaths reached up to 383,000 due to asthma. Among children in the United States, the prevalence of asthma increased by 8.4% according to the United States Environmental Protection Agency (EPA). Thus, with rising incidence of asthma there is a high need for asthma mentoring devices. Asthma monitoring devices help in monitoring symptoms of asthma on daily basis. Moreover, these devices help in preventing asthma attack and its severe complications.

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As asthma monitoring devices are non-invasive devices, it uses different parameters to monitor the patients’ health, onset of asthma attack, treatment compliance, and similar factors. Technological advancements and integration of advanced technologies in the healthcare sector led in the development of digital solutions that alerts patients from possible asthma attacks.

Large number of individuals suffering from allergic reactions due to dust, pollen, and other allergens has led the demand in the global asthma monitoring devices market. But there are a certain things that need to be kept in mind is the high prices of asthma monitoring devices that might hamper the growth in this market. Low patient compliance is also expected to deter demand in this market.

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Availability of Technically Advanced Medical Devices Spurred demand for Asthma Monitoring Devices

Developed economies in North America are the key regional market that let the demand in the global asthma monitoring devices market. Availability of technically advanced medical devices and high awareness among asthma patients to the use of these devices are the key factors driving growth in North America asthma monitoring devices market. Rising private health care expenditure and well-established healthcare facilities have increased the demand for asthma monitoring devices on both developed and developing regions.

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