Bharat Book Bureau Provides the Trending Market Research Report on “Smart Inhalers Market: Current Analysis and Forecast (2019-2025) ”under Healthcare Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

Smart Inhalers Market: Current Analysis and Forecast (2019-2025): Emphasis on Product (Inhalers (Metered Dose Inhalers, Dry Powder Inhalers), Nebulizers), By Indication (Chronic Obstructive Pulmonary Disease (COPD), Asthma), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Channel), End-user (Hospitals & Clinics, Respiratory Care Centers, Others) and Region/Country

A Smart Inhaler Market device is biosensor laden inhalers with extra digital features. The embedded biosensor is linked to an app on a phone or tablet to help patients and doctors manage their asthma and COPD better. Some smart inhalers have sensors that can work out if a patient is in high pollution or high pollen area, some can send handy reminders, and some can tell if the patient needs to check the inhaler technique. They’re all designed to automatically track how often a patient is using an inhaler, so the patient doesn’t need to keep records.

The wireless data transmission, real-time feedback, alerting mechanism are some of the common features that are incorporated inside a smart inhaler device. Several factors such as rising geriatric population, increasing prevalence of respiratory disorders, rising air pollution and healthcare spending along with escalation in the penetration of smartphones and the internet are driving the market.

According to World Health Organisation (WHO), the number of people aged 65 and above is projected to grow from 524 million in 2010 to nearly 1.5 billion in 2050 with the maximum increase in developing countries. The major restraints that are affecting the market of smart inhalers include data security issues and the high cost of smart inhalers. However, the emergence of IoT and Significant Growth in IoMT Market will act as an opportunity for the growth of the market.

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A smart inhaler integrates with mobile phones using sensors and Bluetooth technology to track daily usage and alerts patients when missed a dosage. The mobile app may also provide insights into health that may be shared with the doctor. The technology is believed to increase medication adherence which in turn decreases severe flare-ups and emergency hospitalizations.

The market is projected to grow from US$ 1,444 Million in 2019 to US$ 4,563.1 Million in 2025 with a high CAGR of 15.72%. Smart inhaler include can be a smart nebulizer and smart inhalers. Smart Inhalers are of two types namely Dry Powdered Inhaler (DPI) and Metered Dose Inhaler (MDI). These devices can be used for both therapeutics and diagnostics as well as monitoring purposes.

These devices can be used for drug delivery by patients suffering from asthma and COPD. The end-users in this market can be hospitals & clinics and home care settings. Smart inhaler devices can be delivered to the end-users by online channels and pharmacies that can be located in hospitals or outside.

North America is projected to dominate the smart inhaler market with a market value of US$ 1,904.8 Million (2025) followed by Europe which is projected to constitute a market share of 42% in 2025. Asia-Pacific is projected to show the highest growth during the forecast period.
Presently, there are several novel technologies available on the healthcare market designed to improve respiratory health management and therapeutic compliance. Some of the players that are working in this segment include Boehringer Ingelheim group, Novartis AG, Teva Pharmaceutical Industries Limited, Vectura Group plc, GlaxoSmithKline, 3M Drug Delivery Systems, Adherium Limited, Cohero Health, Inc., AstraZeneca plc, OMRON Healthcare Europe B.V are some of the prominent players of this industry. These players tend to expand their geographical reach by the commencement of several M&As along with partnerships. Moreover, the startup funding has raised enormously in the past few years.

Global Smart Inhalers market stood at US$ 1,655.2 million in 2018. The sector is expected to grow at a CAGR of 15.72% during the forecast period 2020-2025 to reach a market valuation of US$ 4,563.1 million by 2025. North America dominated the Global Smart Inhalers market in 2019, generating revenue of US$ 739.3 million. However, the APAC is expected to witness the highest CAGR growth of 17.43% during the analyzed period.

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