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Intelligent Asthma Monitoring Devices Market Expected to Reach $1.69 billion by 2030 | Glaxosmithkline PLC, Health Care Originals, Koninklijke Philips N.V, Propeller Health
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COVID-19 Impact Analysis-
The outbreak of the COVID-19 pandemic has had a positive impact on the global 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 post pandemic period.
Major Factors Driving the Growth of Intelligent Asthma Monitoring Devices Market:
Rising Prevalence of Asthma: The global prevalence of asthma has been on the rise, creating a substantial patient population in need of effective monitoring and management solutions. Intelligent asthma monitoring devices offer real-time data and insights to improve patient care and outcomes.
Technological Advancements: Advances in sensor technology, data analytics, and connectivity have made it possible to develop intelligent asthma monitoring devices that are more accurate, user-friendly, and capable of providing valuable insights into a patient's condition. These technologies enhance both patient care and healthcare provider decision-making.
Telehealth and Remote Monitoring: The COVID-19 pandemic accelerated the adoption of telehealth and remote monitoring solutions. Intelligent asthma monitoring devices allow healthcare providers to remotely monitor patients, making it easier to manage chronic conditions like asthma, especially for those who cannot easily access healthcare facilities.
Patient Empowerment: Patients are increasingly taking an active role in managing their asthma. Intelligent monitoring devices empower patients with real-time data on their condition, helping them better understand their triggers and symptoms. This leads to more proactive self-management.
Precision Medicine: The concept of personalized or precision medicine is gaining traction in asthma management. Intelligent devices can collect data on an individual's asthma triggers and responses, which can inform personalized treatment plans and medication choices.
Regional Growth Dynamics:
North America contributed to the highest share in terms of revenue in 2020, holding around two-fifths of the total market share, and is estimated to continue its dominant share by 2030. Moreover, the Asia-Pacific region is projected to manifest the fastest CAGR of 27.3% during the forecast period.
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Market Segmentation:
Type of Monitoring Device:
Portable Spirometers
Peak Flow Meters
Smart Inhalers
Wearable Devices
Environmental Sensors
Data Connectivity and Integration:
Connected Devices
Non-Connected Devices
End User:
Hospitals and Clinics
Home Use
Research and Academic Institutions
By Region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, Rest of Europe)
Asia-Pacific (Japan, China, India, Australia, Rest of Asia-Pacific)
LAMEA (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
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Competitive Landscape:
Astrazeneca, Cohero Health Inc, Glaxosmithkline PLC, Health Care Originals, Koninklijke Philips N.V, Propeller Health, Teva Pharmaceuticals Industries Ltd., Vectura group Plc., and Volansys Technologies.
VALUE PROPOSITIONS RELATED TO THE REPORT:
Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
Comprehensive quantitative and qualitative insights at segment and sub-segment level
Covid 19 impact trends and perspective
Granular insights at global/regional/country level
Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
Blanket coverage on competitive landscape
Winning imperatives
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