Press release
Intelligent Asthma Monitoring Devices Market generated the highest revenue valued at $1,696.7 Million by 2030
Increase in indoor air pollutants, rise in prevalence of chronic obstructive pulmonary disease (COPD) and asthma, and surge in adoption of smart inhalers drive the growth of the global intelligent asthma monitoring devices market. However, concerns about data privacy hamper the market growth. On the contrary, increased focus toward advanced treatment protocols and unmet needs in respiratory care across developing countries are expected to create lucrative opportunities for the market players in the near future.
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Home use segment to retain largest share through 2030
The home use segment is register the fastest CAGR of 53.8% from 2021 to 2030, as these products are user-friendly, help avoid severe attack due to real-time monitoring, and assist in drug dose and time of medication. However, hospitals segment held the largest share in 2017, contributing about two-fifths of total revenue, as it offers basic services for asthma monitoring along with availability of skilled nurses and trained professionals.
What is the Impact of COVID-19 Pandemic on the Intelligent Asthma Monitoring Devices Market?
For instance, the Indian Council of Medical Research and the National Institute of Virology collaborated to develop Bharat Biotech's vaccine COVAXIN. For instance, in January 2021, the DCGI announced the approval of COVAXIN for emergency use to prevent COVID-19. Meanwhile, the Oxford-AstraZeneca coronavirus vaccine is undergoing Phase III trials.
The COVID-19 outbreak is anticipated to have a positive impact on intelligent asthma monitoring devices Market. Rise in prevalence rate of chronic respiratory diseases is expected to further drive the growth of the respiratory monitoring devices market in the near future.
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Key Market Players:
Adherium, AstraZeneca PLC, Cohero Health, Inc., GlaxoSmithKline plc, Health Care Originals, Koninklijke Philips N.V.,, PROPELLER HEALTH, Teva Pharmaceutical Industries Ltd. (Gecko Health Innovations), Vectura Group plc, Volansys Technologies.
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