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Digital Dose Inhalers Market estimated to expand at a CAGR of ~ 10% during the forecast period

09-07-2021 04:42 AM CET | Health & Medicine

Press release from: Transparancy Market Research

Digital Dose Inhalers Market

Digital Dose Inhalers Market

Global Digital Dose Inhalers Market: Introduction

Transparency Market Research delivers key insights on the global digital dose inhalers market. In terms of revenue, the global digital dose inhalers market is estimated to expand at a CAGR of ~ 10% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the digital dose inhalers market report.

Digital dose inhalers possess advanced features that aid in the treatment of respiratory diseases such as asthma and COPD (chronic obstructive pulmonary disease). Digital dose inhalers detect inhaler use and also transmit data. These inhalers contain sensors that record when the medication is being administered. They are Bluetooth-enabled, and can therefore be paired wirelessly with a tablet, smartphone, or computer, in order to enable automatic transfer of data from the digital dose inhaler.

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In this market report, TMR proposes that, the dry powder inhalers segment of the digital dose inhalers market is anticipated to expand at a high CAGR during the forecast period. Dry powder inhalers are drug delivery devices that are used to deliver the dry powder formulation of an active drug for systemic or local effects through a pulmonary route. Dry powder inhalers are utilized to deliver the drug directly deep into the lungs via through respiration. Furthermore, dry powder inhalers do not require coordination between actuation and inhalation, and they are increasingly being explored as devices for systemic drugs delivery.

In terms of application, the asthma segment held a leading share of the global digital dose inhalers market in 2018. According to WHO, currently, around 235 million people suffer from asthma. It is considered to be a common disease among children. Surge in the incidences of asthma and increasing combination of genetic predisposition with environmental exposure to inhaled substances and particles can irritate the airways or provoke allergic reactions. Increase in geriatric population, pollution, allergens, occupational hazards, number of respiratory disease cases, tobacco consumption, and patient population are expected to drive the digital dose inhalers market. Additionally, technological features, including advanced features such as detection of inhaler usage and transmission of data comprising dose counters, and spray technology boost the digital dose inhalers market. Furthermore, technologies in digital dose inhalers include sensors and recording of medication intake time and also inclusion of wireless Bluetooth technology, accompanied with applications on digital devices such as smartphones, tablets, and computers, leads to increased patient adherence to medication and better outcomes. This, in turn, drives the digital dose inhalers market.

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Global Digital Dose Inhalers Market: Prominent Regions

North America accounts for a key share of the global digital dose inhalers market. The digital dose inhalers market in the region is likely to expand in the near future, due to rapid increase in the geriatric and population, and surge in extensive research and development to provide more advanced and efficient products. Furthermore, the digital dose inhalers market in Asia Pacific is projected to expand at a rapid pace during the forecast period, due to the increasing geriatric population, increasing prevalence of respiratory diseases, growing urbanization, and increasing pollution and allergens. The digital dose inhalers market in the Middle East and Latin America is expected to expand at a moderate pace in the near future.

Key players operating in the global digital dose inhalers market are emphasizing on approvals from government bodies for new digital dose inhalers, launching more advanced digital dose inhalers constituting novel technologies, thereby providing superior products in the digital dose inhalers market.

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Global Digital Dose Inhalers Market: Key Players

Key players operating in the global digital dose inhalers market include Novartis AG, AstraZeneca, Glenmark, GlaxoSmithKline plc., Teva Pharmaceutical Industries Ltd, 3M, Sensirion AG Switzerland, AptarGroup, Inc., Cipla Inc., and H&T Presspart Manufacturing Ltd.

Global Digital Dose Inhalers Market: Segmentation

Digital Dose Inhalers Market by Product

Metered Dose Inhalers
Dry Powder Inhalers

Digital Dose Inhalers Market by Application

Asthma
COPD (Chronic Obstructive Pulmonary Disease)
Others

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Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

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