Smart Inhalers Market – Overview
The
use of smart technology has established a smart presence in the healthcare
domain. This has led to an increased number of smart devices. Market focused
reports linked with the healthcare industry among others recently have been
made available by Market Research Future which issues reports on this industry.
The smart
inhalers market share is projected to expand with a 23.50% CAGR
approximately while earning revenues worth USD 2.00 billion by the end of the
forecast period 2032.
The need to monitor medicine dosage and schedule the medicine intake in the market for smart inhalers has grown considerably. Due to the prevalence of ailments like asthma, the market has grown considerably over the past few years. As asthma patients are required to monitor their drug intake diligently, the smart inhalers provide a great degree of convenience in that regard. The development of the market is also powered by the incorporation of cutting-edge technologies in these products.
Industry Segments
The smart
inhalers market outlook has been segmented on the basis of
application, type, end user, and region. On the basis of type, the segment
involves metered dose inhaler and dry powder inhaler. The dry powder inhalers
control the principal share of the market. The application basis of
segmentation of the market consists of asthma, COPD, and others. The end user
segmentation of the market is segmented into respiratory care center, hospitals
& clinics, and others. On the basis of regions, the market includes North
America, APAC, Europe and rest of the world.
Global Competitive Analysis
The impetus for the market’s growth has altered the competitive background of the market. By ensuring supply and demand are in balance the competitors can unlock new opportunities for growth. The key players and trends have created a positive tone for development. The important trends and players have established a positive tone for development. The opportunities for growth and innovation have increased at a rapid pace transforming the landscape of the market. Engaging and converting prospective opportunities is modifying the growth pace of the market considerably. The competitors in the market have been spurred to devise strategic road-maps that capitalize on the positive market cues.
Smart inhalers market players are AstraZeneca, Gecko Health Innovations Inc., Cohero Health, Adherium, GlaxoSmithKline, Inspiro Medical, and Propeller Health.
Detailed Regional Analysis
The
smart inhalers market insights comprises regions such as North America, Middle
East, Europe, Africa, APAC and rest of the world. Globally, the North
American region is the major market for smart inhalers which is predicted to
touch $888.4 million in revenues approximately by 2023. The European region was
the second biggest market in 2016 which is worth $57.4 million. Additionally,
the Asia Pacific market is anticipated to be the most rapidly growing market
and is likely to develop at a CAGR of 55.3 percent during the forecast period
from 2016 to 2022. The smart inhalers market in the rest of world is
anticipated to surge after 2019.
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