Smart Inhalers Market estimated to expand at a CAGR of 10.2% to reach US$ 235.7 Mn by the end of 2033

The smart inhalers market refers to the use of digital technology to improve the management and treatment of respiratory diseases, such as asthma and chronic obstructive pulmonary disease (COPD). These inhalers are equipped with sensors that track medication usage, inhaler technique, and environmental factors to help patients manage their condition more effectively.

Worldwide revenue from the smart inhalers market stands at US$ 80.5 Mn in 2022, with the global market estimated to expand at a CAGR of 10.2% to reach US$ 235.7 Mn by the end of 2033.

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One of the main drivers of the smart inhalers market is the growing prevalence of respiratory diseases worldwide. According to the World Health Organization, respiratory diseases are the fourth leading cause of death globally, with an estimated 3 million deaths in 2020. This has led to a growing demand for more effective and personalized treatments that can improve patient outcomes and quality of life.

Companies

OPKO Health, Inc
AstraZeneca plc
GlaxoSmithKline Plc.
Propeller Health
Aptar Pharma
Adherium Limited
Novartis AG
Boehringer Ingelheim
Teva Pharmaceutical Industries Ltd
H&T Presspart Manufacturing Ltd.
Sensirion AG
Cohero Health, Inc.
RYAH Medtech Inc.

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Another factor driving the smart inhalers market is the increasing adoption of digital health technologies. Patients and healthcare providers are increasingly using mobile health apps, wearables, and other connected devices to monitor and manage health conditions. Smart inhalers can be integrated into this digital ecosystem, providing real-time data and insights that can inform treatment decisions and improve patient engagement.

The smart inhalers market includes a variety of products, such as inhaler sensors, nebulizers, and spacer devices. These products can be used by patients of all ages, from children to seniors, and can be customized to meet individual treatment needs. The choice of device depends on the patient's condition, medication type, and inhalation technique.

Competitive Landscape

To enhance their market position, players in the market are putting more and more emphasis on partnerships, acquisitions, mergers, and expansion.

For instance,

Adherium Limited formed a partnership with Trudell Medical Limited in August 2022 to provide remote monitoring and respiratory eHealth solutions to patients in the United States. With the aim of lowering readmissions and improving patient outcomes, both businesses will examine COPD patients after they leave the hospital utilising the Trudell U.S. unit Monaghan Health center and its subsidiary Aetonix's TouchAway platform in conjunction with Adherium's Hailie sensors.
The U.S. FDA 510(k) approved the Hailie Sensor, which contains physiological parameters for monitoring the use of asthma and COPD medicines for sale in the U.S. region, in September 2021, according to an announcement made by Adherium Limited, a major player in the respiratory eHealth remote monitoring market.

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Key Segments of the Smart Inhalers Industry Research

By Product:

Dry Powder Inhaler (DPI)- based Smart Inhalers
Metered Dose Inhaler (MDI)- based Smart Inhalers

By Disease Indication:

Asthma
COPD

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

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This release was published on openPR.