Press release
Digital Respiratory Device Navigating the Market Maze: A Comprehensive Analysis by 2023 -2029 | 3M Health Care, Adherium, Capsule Technologies, Cohero Health
The qualitative report published by market intelligence data research on the "Digital Respiratory Device Market offers an in-depth examination of the current trends, latest expansions, conditions, market size, various drivers, limitations, and key players along with their profile details. The Digital Respiratory Device market report offers the historical data for 2017 to 2022 and also makes available the forecast data from the year 2023 to 2029 which is based on revenue. With the help of all this information research report helps the Market contributors to expand their market positions. With the benefit of all these explanations, this market research report recommends a business strategy for present market participants to strengthen their role in the market. This report analyzes the impact of the Covid 19 pandemic on the Digital Respiratory Device Market from a Global and Regional perspective.The global Digital Respiratory Device Navigating the Market size was valued at USD 36.2 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 28.6% from 2023 to 2029.
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Top Key Players are covered in the Digital Respiratory Device Market Report:
3M Health Care, Adherium, Capsule Technologies, Cohero Health, Novartis AG, Propeller Health, Sensiron AG, Teva Pharmaceuticals Industries, Amiko Digital Health, AstraZeneca, Boehringer Ingelheim International GmbH, GlaxoSmithKline
Recent Development:
September 2021, Adherium Limited, a key player in the respiratory eHealth, remote monitoring, and data management market, announced that the FDA's 510(k) approval has allowed it to begin selling its first, next-generation Hailie Sensor, which includes physiological measures for tracking the use of asthma and COPD medications.
In November 2019, Propeller Health broadened a pharmacy refill app to include CVS, Rite-Aid, Kroger, and Walmart pharmacies. The company also introduced My Pharmacy, an in-app feature in January 2019 with Walgreens, which connects customers to manage their prescription refills for COPD and asthma to locate a nearby pharmacy.
Regional Analysis:
The region-wise coverage of the market is mentioned in the report, mainly focusing on the regions:
North America (NA) - US, Canada, and Mexico
Europe (EU) - UK, Germany, France, Italy, Russia, Spain & Rest of Europe
Asia-Pacific (APAC) - China, India, Japan, South Korea, Australia & Rest of APAC
Latin America (LA) - Brazil, Argentina, Peru, Chile & Rest of Latin America
The Middle East and Africa (MEA) - Saudi Arabia, UAE, Israel, South Africa
In 2021, North America dominated the market with a revenue share of over 45.0% owing to the rising rates of asthma, COPD, and other chronic respiratory diseases. Asthma affects more than 25 million people in the U.S. Moreover, 14.8 million adults have COPD, and annually, more than 150,000 Americans die from COPD or one death every four minutes. Furthermore, significant improvements in digital respiratory products and their growing acceptability and accuracy are expected to fuel the market growth during the forecast period. The U. S. Centers for Medicare & Medicaid Services (CMS) recently released the 2022 reimbursement rates for Current Procedural Terminology (CPT) codes for Remote Physiologic Monitoring (RPM) as well as Remote Therapeutic Monitoring (RTM) services. This amendment will increase the use of and demand for digital respiratory devices during the forecast period in the U.S.
Market Segment Analysis:
The Digital Respiratory Device Market Report provides a preliminary review of the industry, definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, hostile view evaluation, and key regions development. Development policies and plans are discussed, and manufacturing strategies and fee systems are also analyzed.
Digital Respiratory Device Market Segmentation by Types:
Sensors
Smart Inhalers
Nebulizers
Other
Digital Respiratory Device Market Segmentation by Applications:
Smart Inhalers and Nebulizers
Chronic Obstructive Pulmonary Disease (COPD)
Other
For The Full Report Click here:
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Significant Features and Key Highlights of the Digital Respiratory Device Market Reports:
- Detailed overview of The Digital Respiratory Device market.
- Changing market dynamics of the industry.
- In-depth market breakdown by Type, Application, etc.
- Historic, existing, and predictable market size in terms of extent and worth.
- Recent manufacturing trends and developments.
- Competitive landscape of The Digital Respiratory Device market.
- Approaches to significant performers and product help.
- Prospective and niche sectors/regions exhibiting promising growth.
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Detailed TOC of Digital Respiratory Device Market Research Report 2023 - 2029
Chapter 1 Digital Respiratory Device Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers and, Market data
Chapter 4 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 5 Global Production, Revenue (Value), Price Trend by Type and Region
Chapter 6 Global Market Analysis by Application
Chapter 7 Manufacturing Cost and, Gross profit Analysis
Chapter 8 Industrial Chain, Sourcing Strategy, and Downstream Buyers
Chapter 9 Marketing Strategy and, Status Analysis, Distributors/Traders
Chapter 10 Market Driving Effect Factors Analysis
Chapter 11 Global Digital Respiratory Device Market Trends and, Forecast
Chapter 12 Research Methodology
COVID-19 and Russia-Ukraine War Influence Analysis
The readers in the section will recognize how the Digital Respiratory Device market scenario changed across the globe during the pandemic, post-pandemic, and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transference, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come. These factors negatively affected the market during the war."
The Digital Respiratory Device Market report gives answers to the following:
What guidelines are followed by key performers to contest this Covid-19 condition?
What are the important matters drivers, opportunities, challenges, and dangers of the market?
will face surviving?
Which are the essential market players in the Digital Respiratory Device industry?
What is the forecast compound annual growth rate (CAGR) of the global market for the duration of the forecast period (2023-2029)?
What could be the anticipated value of the Digital Respiratory Device marketplace during the forecast period?
Customization:
The Digital Respiratory Device Market Report may well be modified to meet your detailed business essentials. Because we understand what our clients want, we provide up to 20% customization for any of our market intelligence data reports at no added cost to all of our Users.
Further segmentation of the market on the basis of type, application, end use, product, technology, method, process and any other segment depending on the market
Segmentation on the basis of any specific country or region
Any segment can be classified on the basis of application
Application segment can be further divided on the basis of companies
The companies profiled are not limited, we can incorporate additional companies of your choice
We can split the company market share on the basis of product, application and region
Report can be prepared for any specific country/region/segment
Customers can be added on the basis of regions and countries
Thanks for reading this article...!! you can also customize this report to get select chapters or region-wise coverage with regions such as Asia, North America, and Europe.
About us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view that includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Contact Us:
Irfan Tamboli (Head of Sales) - market intelligence data
Phone: + 1704 266 3234 | +91-750-707-8687
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