Smart Inhalers Market (Covid-19) Impact and Analysis by 2027 | GlaxoSmithKline, Adherium, Vectura Group, Novartis AG, Findair Sp. z o. o., Cohero Health, Crux Product Design, Teva Pharmaceuticals, 3M, and Amiko Digital Health Limited

The Insight Partners analysts forecasts the latest report on “Smart Inhalers Market (Covid-19) Impact and Analysis by 2027”, according to report; The Smart Inhalers Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Smart Inhalers Market.

The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Smart Inhalers Market.

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The global smart inhalers market expected to be US$ 1,094.26 Mn in 2018 and is predicted to grow at a CAGR of 25.5% during the forecast period 2019 – 2027, to reach US$ 8,033.21 Mn by 2027.

Some of the Major Market Players Are:

GlaxoSmithKline plc
Adherium Ltd.
Vectura Group plc
Novartis AG
Findair Sp. z o. o.
Cohero Health
Crux Product Design Ltd
Teva Pharmaceuticals
3M
Amiko Digital Health Limited

Market Insights

Rising Prevalence of Asthma and COPD Across the Globe

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.

In addition, as per the Global Burden of Disease Study report, the prevalence of around 251 million cases of COPD was recorded globally during the year 2016. It is estimated that globally, approximately 3.17 million deaths were caused due to COPD during the year 2015, accounting for almost 5% of all deaths in 2015. The prevalence of COPD has been high in developed nations during recent years. For instance, COPD is recognized as the third leading cause of death by disease in the United States. More than 11 million people have been diagnosed with COPD. Hence, the rising prevalence of respiratory conditions such as asthma and COPD is anticipated to fuel the growth of the smart inhalers market across the globe at an exponential rate.

Increasing Usage of Smartphones, Tablets & Pads To Boost Adoption Of Solutions
Advancements in technology have always had a significant impact in the field of medicine. Smartphone is one of the most dynamic and ubiquitous trends in communication. Mobile phones can also be used for communicating through different platforms such as email, performing Internet searches, and various other applications. Smartphones are one of the fastest growing sectors in the technology industry, and its impact in medicine has already been observed significantly. Smartphones aren’t just making it easier in terms of day to day chores; the technology is also streamlining care for both physicians and patients. Hospitals are making significant investments in smartphone and secure mobile platforms to enable communications between clinicians and between them and patients, according to a new survey. Clinicians will often use both a hardened device and a consumer-grade smartphone to communicate with one another and patients. For example, purpose-built devices can be integrated with in-hospital patient call systems, so nurses are paged when a patient hits the call button, increasing responsiveness. The increasing use of smartphones is thereby expected to provide opportunities for the rising use of mobile-based applications by both healthcare providers and patients to streamline workflow and avoid inconvenience such as hospital waiting time, availability of admission beds and others.

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.

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.

SMART INHALERS – MARKET SEGMENTATION

By Product
• Inhalers
• Nebulizers

By Disorder
• Asthma
• Chronic Obstructive Pulmonary Disease (COPD)

By End User
• Home-care Settings
• Hospitals & Clinics

The report analyses factors affecting the Smart Inhalers Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Smart Inhalers Market in these regions.

Moreover, the report entails the estimate and analysis for the Smart Inhalers Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Smart Inhalers Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Smart Inhalers Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Smart Inhalers Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in The Smart Inhalers Market Report:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Major Features of Smart Inhalers Market Report:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Smart Inhalers market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Smart Inhalers market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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