Digital Devices Revolutionize Management of Chronic Respiratory Diseases Tech Takes a Breath

Digital Respiratory Devices Market
Digital Respiratory Devices Market to reach over USD 361.17 billion by the year 2030;

Market Synopsis-
The newly published report titled "Global Digital Respiratory Devices Market (Product (Sensors and Apps, Smart Inhalers and Nebulizers), Indication (Asthma and Chronic Obstructive Pulmonary Disease))- By Trends, Industry Competition Analysis, Covid-19 Analysis, Revenue (US$ Billions) and Forecast Till 2030." of InsightAce Analytic Pvt. Ltd. features detailed industry analysis and an extensive study on the market, exploring its significant factors.

The global digital respiratory devices market is estimated to reach over USD 361.17 billion by 2024-2031, exhibiting a CAGR of 28.56% during the forecast period.

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Breathing Easy in the Digital Age: The Digital Respiratory Devices Market Takes Flight (2024 and Beyond)

Digital respiratory devices, a powerful combination of therapeutic and diagnostic equipment paired with smartphone apps or data collection modules, are transforming lung health. These innovative tools empower patients with chronic respiratory disorders like asthma and COPD to manage their condition more effectively.

A Growing Need: The Rise of Chronic Respiratory Diseases
The digital respiratory devices market is driven by a critical factor: the alarming rise in chronic respiratory diseases (CRDs). This category encompasses various lung ailments like:
• Asthma
• Chronic obstructive pulmonary disease (COPD)
• Pulmonary hypertension (PH)
• Cystic fibrosis

Factors Fueling the Increase in CRDs:
• Aging Population: As the global population ages, the risk of developing CRDs naturally increases.

• Tobacco Use: The continued prevalence of tobacco use remains a significant contributor to respiratory problems.

• Air Pollution: Rising air pollution levels, particularly in urban areas, exacerbate respiratory issues.

• Occupational Exposure: Workers in industries like mining, forestry, and agriculture face a higher risk of CRDs due to dust exposure.
The Digital Solution: Empowering Patients, Improving Outcomes
Digital respiratory devices offer a beacon of hope, with potential benefits including:

• Reduced Hospitalizations: Improved disease management can lead to fewer hospital visits and emergency room admissions.

• Enhanced Medication Adherence: Digital tools provide reminders and track medication use, promoting better adherence.

• Fewer Doctor Visits: Remote monitoring capabilities can enable fewer in-person consultations, while still ensuring timely medical intervention when necessary.

The COVID-19 Effect: A Catalyst for Innovation
The COVID-19 pandemic has further accentuated the need for advanced respiratory technologies. This has spurred the development and adoption of cutting-edge digital respiratory devices.

A Market Poised for Growth: The Future of Respiratory Care
As healthcare companies integrate digital functionalities into their products, the demand for digital respiratory devices is projected to soar. This market presents a promising opportunity to improve lung health outcomes and empower patients to breathe easier, not just in the face of chronic conditions, but also in an increasingly health-conscious world.


List of Prominent Players in the Digital Respiratory Devices Market:
3M Health Care Limited
Adherium Limited
Amiko Digital Health Limited
AstraZeneca
Boehringer Ingelheim International GmbH
Capsule Technologies
Cognita Labs
Cohero Health
Findair Sp. z. o. o
GlaxoSmithKline plc
Novartis AG
Pneuma Respiratory
Propeller Health
Sensiron AG
Teva Pharmaceuticals Industries Ltd.
Market Dynamics:

Drivers-
Infectious respiratory illnesses directly influence the demand for digital respiratory devices. The most recent and serious of these illnesses is COVID-19; due to the epidemic, demand for ventilators and other personal protective equipment has increased significantly. The COVID-19 outbreak has increased the need for ventilators, which has led to governmental and commercial backing for accelerating manufacturing. This demonstrates the importance placed on respiratory treatment in the context of an outbreak; as a result, a reasonable growth rate in the market is anticipated.

The primary factors influencing the growth of digital respiratory devices are the rapid increase in the world's senior population, the cost advantages of home care devices and services (compared to hospital visits), and the increase in cases of chronic diseases (including COPD and asthma). The high growth potential of emerging markets, the decentralization of healthcare, and the development of miniaturized equipment are some of the major drivers that are anticipated to provide companies in the digital respiratory devices market with considerable growth prospects.

Challenges:
Many patients depend on payments to cover the cost of care. The diagnostic sector as a whole, and respiratory care diagnostics, in particular, are now having problems with the issue of inadequate compensation for various diagnostic tests. Additionally, most nations provide very little financial support for respiratory care equipment.

Major respiratory disorders like asthma and COPD continue to be severely underdiagnosed and undertreated despite their high prevalence. The limited awareness of these disorders and the lack of necessary resources to diagnose these diseases is particularly apparent in emerging economies.

Regional Trends:
North America dominated the market in the forecast period due to its sizable geriatric population and the increased prevalence of chronic respiratory disorders. Additionally, the most considerable portion of the North American market is attributable to the availability of reimbursement in U.S. healthcare centre accounts, growing public awareness of healthcare issues, improved healthcare infrastructure, an increase in the number of outpatient surgeries, and economic growth that is aided by expanding insurance coverage.

Asia Pacific market is estimated to grow at a rapid rate during the forecast period due to the region's high concentration of respiratory patients, rising healthcare spending, quickly evolving healthcare infrastructure, rising per capita income, expanding middle-class population, and rising tobacco use rates. APAC is also becoming a hotspot for medical tourism and is thought to be one of the markets for medical procedures and devices that is expanding the fastest. Medical tourists have been drawn to APAC nations, especially India and China, because of the region's affordable infrastructure, healthcare services, and highly trained doctors.

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Recent Developments:
• In February 2022, Aptar Pharma, a global leader in drug delivery systems, services, and active material science solutions, launched HeroTracker® Sense, a unique digital respiratory health solution that converts a regular metered dosage inhaler (pMDI) into an intelligent linked healthcare device. HeroTracker® Sense is a metered-dose inhaler (MDI) add-on connected device that addresses patient inhalation technique and adherence.

• In September 2021, Adherium Limited, a market leader in respiratory eHealth, remote monitoring, and data management, announced that the FDA's 510(k) approval had enabled it to begin selling its first, next-generation Hailie Sensor, which includes physiological measures for tracking the use of asthma and COPD medications.

Segmentation of Digital Respiratory Devices Market -
By Product
• Sensors and Apps
• Smart Inhalers and Nebulizers
By Indication
• Asthma
• Chronic Obstructive Pulmonary Disease

By Region-
• North America-
o US
o Canada
o Mexico
• Europe-
o Germany
o UK
o France
o Italy
o Spain
o Rest of Europe
• Asia-Pacific-
o China
o Japan
o India
o South Korea
o South East Asia
o Rest of Asia Pacific
• Latin America-
o Brazil
o Argentina
o Rest of Latin America
• Middle East & Africa-
o GCC Countries
o South Africa
o Rest of the Middle East and Africa

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