Smart Inhalers Market to Reach US$ 8,033.21 Mn with Key Players GlaxoSmithKline plc, Adherium Ltd., Vectura Group plc, Novartis AG, Findair Sp. z o. o., Cohero Health

The market for smart inhalers is expected to grow, owing to factors such as increasing levels of air pollution as well as the rise in the smoking habits, rising prevalence of asthma and COPD across the globe and growing geriatric population. In addition, growth in the global healthcare market and increasing usage of smartphones, tablets & pads are likely to have a positive impact on the growth of the market in the coming years.

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The major players operating in the smart inhalers market include GlaxoSmithKline plc, Adherium Ltd., Vectura Group plc, Novartis AG, Findair Sp. z o. o., Cohero Health, Crux Product Design Ltd, Teva Pharmaceuticals, 3M, and Amiko Digital Health Limited. The market has witnessed various organic as well as inorganic developments during recent years in the smart inhaler market. During December 2018, GlaxoSmithKline plc and Pfizer Inc signed an agreement in order to combine their consumer health businesses into a new world-leading Joint Venture. This agreement has helped the companies to offer better services to its customers across the globe.

The report segments the global smart inhalers market as follows:

Global Smart Inhalers Market - By Product

-Inhalers
-Nebulizers

Global Smart Inhalers Market - By Disorder

-Asthma
-Chronic Obstructive Pulmonary Disease (COPD)

Global Smart Inhalers Market - By End User

-Home-Care Settings
-Hospitals & Clinics

Market Insights

The cases of asthma and COPD has been increasing across the globe at a significant rate. During recent years, there has been a rise in the number of smokers as well as air pollution in developed as well as developing countries across the globe. As per estimates provided by the WHO, there are currently 235 million people suffering from asthma across the globe. As per the Centers for Disease Control and Prevention (CDC), the number of adults above 18 years of age currently having asthma is approximately 19 million in the United States, accounting for almost 7.7% of the total adult population. Whereas, the number of individuals below 18 years of age suffering from asthma is 6.2 million, accounting for 8.4% of the total children population. Also, as per the WHO estimates published during December 2016, there were 383 000 deaths due to asthma in 2015.

Product Insights

The global smart inhalers market by product was led by inhalers segment. In 2018, the segment of inhalers held the largest market share in the smart inhalers market, by product. The segment is also expected to witness growth at a significant rate during the forecast period, owing to a rise in the cases of asthma, coupled with increased adoption of inhalers by patients.

End User Insights

The global smart inhalers market by end user segment was led by home-care settings segment. In 2018, the home-care settings segment with a significant share in the smart inhalers market, by end user. The segment is also expected to dominate the market in 2027 owing to the rising prevalence of asthma among the developed as well as developing economies.

Strategic Insights

There have been limited developments made in the smart inhalers market during recent years. However, growth strategies such as approvals, collaborations, and partnerships have been witnessed in the market of smart inhalers. For instance, during July, 2018 Adherium received FDA approval for its Hailie sensor, which can be used along with ProAir HFA, Ventolin HFA, and Flovent HFA asthma inhalers. Also, during August 2018, Novartis AG and Propeller Health entered into a collaboration for the development of custom add-on sensor for the Breezhaler inhaler, a device intended to be used for the treatment of COPD.

Report Spotlights

Progressive industry trends in the global Cough Suppressant Drugs Market to help players develop effective long-term strategies

Business growth strategies adopted by developed and developing markets

Quantitative analysis of the Cough Suppressant Drugs Market from 2020 to 2027

Estimation of Cough Suppressant Drugs demand across various industries

PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth

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