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Digital Dose Inhalers Market Report, Size, Share, Growth, Trends, Industry Outlook to 2033
Digital Dose Inhalers Market
The new report published by The Business Research Company, titled Digital Dose Inhalers Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the digital dose inhalers market size has grown exponentially in recent years. It will grow from $16.08 billion in 2023 to $19.60 billion in 2024 at a compound annual growth rate (CAGR) of 21.9%. The digital dose inhalers market size is expected to see exponential growth in the next few years. It will grow to $43.38 billion in 2028 at a compound annual growth rate (CAGR) of 22.0%.
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What Is Driving The Growth Of The Global Digital Dose Inhalers Market?
Rising Prevalence of Chronic Respiratory Diseases Fuels Growth In The Digital Dose Inhaler Market
The rising prevalence of chronic respiratory diseases is expected to propel the growth of the digital dose inhalers market going forward. Chronic respiratory diseases are long-term ailments affecting the lungs and airways that cause persistent breathing difficulties. The rising prevalence of chronic respiratory diseases can be attributed to several factors, including increased air pollution, an aging population, and rising tobacco use. Digital dose inhalers play an important role in improving medication adherence and monitoring for patients with conditions such as asthma and chronic obstructive pulmonary disease (COPD). For instance, in March 2022, according to the Centers for Disease Control and Prevention, a US-based national public health agency, tuberculosis infections increased in 2021, with a total of 7,860 tuberculosis (TB) cases reported in 2021, an increase from 7,173 cases in 2020. Therefore, the rising prevalence of chronic respiratory diseases is driving the growth of the digital dose inhalers market.
What Is The Key Trend In The Global Digital Dose Inhalers Market?
Advancements In Smart Inhaler Technology For Chronic Disease Management
Major companies operating in the digital dose inhalers market are focused on developing innovative products, such as smart inhalers, to enhance patient outcomes and improve medication management. Smart inhalers are advanced devices with sensors and connectivity features that monitor drug usage, inhalation technique, and adherence while providing real-time feedback via mobile apps. For instance, in June 2024, Aseptika Ltd., a UK-based healthcare company, introduced the PUFFClicker3 universal smart inhaler dose tracker at the Med-Tech Innovation Expo. The PUFFClicker3 is the world's first inhaler dose tracker compatible with both pressurized metered dose inhalers (pMDI) and dry powder inhalers (DPI), supporting 101 SNOMED-coded inhaler types. This innovation simplifies the transition between different inhaler types for patients and offers built-in graphical instructions for using each supported inhaler.
How Is The Global Digital Dose Inhalers Market Segmented?
The digital dose inhalers market covered in this report is segmented -
1) By Product: Metered Dose Inhaler (MDI), Dry Powder Inhaler (DPI)
2) By Type: Branded Medication, Generic Medication
3) By Indications: Asthma, Chronic Obstructive Pulmonary Disease (COPD), Other Indications
4) By End User: Medical Device Industry, Hospital
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How Is The Competitive Landscape Of The Global Digital Dose Inhalers Market?
Major companies operating in the digital dose inhalers market are AstraZeneca plc, Novartis AG, 3M Company, Koninklijke Philips N.V., Teva Pharmaceutical Industries Ltd., C.H. Boehringer Sohn AG & Co. KG, AptarGroup Inc., Cipla Limited, Chiesi Farmaceutici S.p.A., Lupin Limited, Glenmark Pharmaceuticals Limited, OPKO Health Inc., Nemera, Sensirion AG, Sunovion Pharmaceuticals Inc., MannKind Corporation, Adherium Limited, H&T Presspart, Monaghan Medical Corporation, BreatheSuite Inc.
Contents Of The Global Digital Dose Inhalers Market
1. Executive Summary
2. Digital Dose Inhalers Market Report Structure
3. Digital Dose Inhalers Market Trends And Strategies
4. Digital Dose Inhalers Market - Macro Economic Scenario
5. Digital Dose Inhalers Market Size And Growth
…..
27. Digital Dose Inhalers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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