Press release
Smart Inhalers Market Size Forecasted To Achieve $2.66 Billion By 2029 With Steady Growth
Smart Inhalers
What Is the Smart Inhalers Market Size and Projected Growth Rate?
The market for smart inhalers has experienced rapid expansion in the last few years. The market is predicted to ascend from $1.65 billion in 2024 to $1.81 billion in 2025, boasting a compound annual growth rate (CAGR) of 10.1%. The historic growth is linked to heightened medical adherence, a rising emphasis on patient-centric healthcare, and an increasing demand for interconnected healthcare devices.
In the succeeding years, the market size of smart inhalers is projected to experience swift expansion. Its value is anticipated to surge to $2.66 billion by 2029 with a compound annual growth rate (CAGR) of 10.1%. This growth within the projected timeframe can be credited to the escalating incidence of chronic respiratory diseases (CRDs), surge in demand for home healthcare, and the growing utilization of digital healthcare solutions. Predominant trends within this period encompass technological progression in smart inhalers, the introduction of big data analytics, the use of chip-on-sensors, and advancements in sensor technology.
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What Are the Major Segments in the Smart Inhalers Market?
The smart inhalers market covered in this report is segmented -
1) By Type: Dry Powdered Inhalers (DPIs), Metered Dose Inhalers (MDIs)
2) By Indication: Asthma, Chronic Obstructive Pulmonary Disease (COPD), Other Indications
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
4) By End-User: Hospitals, Homecare Settings, Other End-Users
Subsegments:
1) By Dry Powdered Inhalers (DPIs): Single-Dose DPIs, Multi-Dose DPIs
2) By Metered Dose Inhalers (MDIs): Conventional MDIs, Smart MDIs With Connectivity Features
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What Are The Driving Smart Inhalers Market Evolution?
The increasing incidence of chronic respiratory diseases (CRDs) is anticipated to propel the expansion of the smart inhaler market. CRDs include a variety of enduring ailments that impact the lungs and the airways. Through usage tracking and dose reminder capabilities, smart inhalers manage chronic respiratory diseases like asthma and COPD, ensuring regular medication intake for symptom management and exacerbation prevention. For example, the 2022 National Health Survey executed by the Australian Bureau of Statistics, an agency based in Australia, revealed that nearly 8.5 million Australians, around 34% of the population, are afflicted by chronic respiratory diseases. Among this group, roughly 2.8 million people (11%) suffer from asthma characterized by airway inflammation leading to wheezing and breathlessness. Furthermore, an estimated 638,000 individuals (2.5%) are thought to have chronic obstructive pulmonary disease (COPD), a disease that causes persistent airflow restrictions and can lead to serious breathing issues. Both these diseases pose significant health problems, disrupting daily activities and negatively affecting life quality. Hence, the growing occurrence of chronic respiratory diseases (CRDs) is stimulating the smart inhaler market's growth.
Which Firms Dominate The Smart Inhalers Market Segments?
Major companies operating in the smart inhalers market are Novartis AG, AstraZeneca Plc, GlaxoSmithKline Plc., 3M Health Care Limited, Boehringer Ingelheim International GmbH, Teva Pharmaceutical Industries Ltd., Berry Global Group Inc., Aptar Group Inc., Lupin Limited, Findair Sp.Z.o.o., OPKO Health Inc., Nemera France SAS, Vectura Group Limited, Propeller Health, Inspiro Medical Ltd., Biocorp Production, Cohero Health Inc., Pneuma Respiratory Inc., Amiko Digital Health Limited, Cognita Labs LLC, AireHealth Inc., Adherium Ltd., Zeolr Technologies Pvt Ltd., H&T Presspart Manufacturing Ltd.
What Trends Are Driving Growth in The Smart Inhalers Market?
Major businesses in the smart inhaler marketplace are advancing their technologies, including digital solutions for respiratory health, to expand their customer reach, augment sales, and boost their revenues. Digital respiratory health solutions employ technology to help manage respiratory health issues. For example, in February 2022, Aptar Pharma, a pharmaceutical service company based in the USA, introduced the HeroTracker Sense. This is an additional device and a unique digital respiratory health solution devised to upgrade regular metered-dose inhalers (MDIs) into intelligent, connected medical devices. This innovative device was crafted specifically for patients suffering from chronic respiratory conditions like asthma, COPD, cystic fibrosis, and diseases stemming from COVID-19. By attaching to an MDI canister, the HeroTracker Sense delivers a range of advanced features, such as sensors to monitor inhalation, flow rate, and duration. Information is relayed through an associated app, providing reminders for medication alongside date and time stamps, as well as environmental alerts such as changes in temperature and humidity. The primary goal of this device is to boost patient compliance to prescribed treatments by enabling informed and obedient medication consumption.
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Which Is The Largest Region In The Smart Inhalers Market?
North America was the largest region in the smart inhalers market in 2024. The regions covered in the smart inhalers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Smart Inhalers Market?
2. What is the CAGR expected in the Smart Inhalers Market?
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4. Which Region Is Leading the Smart Inhalers Market?
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Market leaders and key company profiles
3M
Agilent Technologies
GlaxoSmithKline
Novartis
Propeller Health
Boehringer Ingelheim
BESPAK
AstraZeneca
Cohero Health
Segments Covered By Devices
Metered Dose Inhalers
Dry Powder Inhalers
Nebulizers
Nasal Inhalers
By Type
Preventive Inhalers
Reliever Inhalers
Long-Acting Bronchodilators Inhalers
By Application
Asthma
Chronic Obstructive Pulmonary Diseases
Others
By End User
Home Care
Hospitals and Clinics
Others
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