+1-888-308-5802     
News Contact Us

Smart Inhalers Market 2020 By Regional Trend & Growth Forecast To 2025

Author : Ronak Bora | Published Date : 2020-09-10 

Smart Inhalers Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Highly influenced by the surging cases of respiratory diseases, smart inhalers market is slated to experience immense growth opportunities over 2019-2025. The rising popularity of connected devices for monitoring medication use in COPD and asthma has resulted in an increased deployment of smart devices globally. The device is witnessing widespread preference over general respiratory devices, which lack efficiency as well as accuracy in delivering quality treatment.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/3994

GMI estimates that smart inhalers market will exceed USD 260 million by 2025 in terms of revenue. Innovative approaches offered by the product in delivering patient self-management is considered one of the chief factors driving smart inhalers market trends.

Technological advancements and product innovations are likely to favor smart inhalers market outlook in the prescribed timeframe. The launch of SDP3x by Sensirion can be one of the major instances which validates the same. The differential pressure device is said to have a vast application potential in ehealth.

High cost for treating respiratory illness is considered a major concern for the patients worldwide. Increasing medical adherence can reduce the treatment cost and augment the adoption of smart inhalers. Several pharmaceutical and digital health companies are thus forming partnerships in order to develop innovative products, which will create growth opportunities in smart inhalers market.

A paradigm shift towards the adoption of smart inhalers by the healthcare professionals will bolster the smart inhalers market outlook over the forecast period. However, privacy issues and security risks can deter the smart inhalers market demand in the ensuing years.

In terms of product, dry powder inhaler based smart inhalers market is estimated to procure a substantial chunk of the global share by 2025. The segment, in 2018, surpassed a valuation of USD 82 million. DPI delivers medication in form of dry powder, which is easy to consume and provides patient with real-time feedback.

Speaking of disease indication, chronic obstructive pulmonary disease segment held 57% in 2018 and is likely to garner a moderate share in the long run. COPD is considered a life-threatening disease, accounting for 5% global annual deaths and requires constant care management. The rising prevalence of the disease will thus provide substantial impetus to the product penetration.

Considering the distribution channel, retail pharmacies are anticipated to attain 11.7% over 2019-2025. Companies developing smart inhalers do not provide direct access of these devices to the patients. They majorly focus on getting FDA approval and increase their sales through retail pharmacists.

Speaking of regional landscape, North America is estimated to expand exponentially against the backdrop of constant technological advancements made in the respiratory disease management industry. The regional market share stood at USD 44 million in 2018 and is predicted to exhibit tremendous growth opportunities in the foreseeable future. Rising per capita income is encouraging individuals to spend on healthcare, which is further driving the regional revenue.

GlaxoSmithKline, AstraZeneca plc, Novartis, Aptar Pharma, Teva Pharmaceuticals, Boehringer Ingelheim, Findair Sp. z o. o., H&T Presspart Manufacturing Ltd., Zeolr Technologies Pvt Ltd., Vectura Group, and others are some of the notable players operational in this industry. Collaborations and partnerships between device manufacturers and digital firms coupled with product portfolio expansion are anticipated to underline the strategic landscape of smart inhalers market over the coming years. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/smart-inhalers-market

Partial Chapter of the Table of Content 

Chapter 4. Smart Inhalers Market, By Product

4.1.Key segment trends

4.2.Dry Powder Inhaler (DPI)- based smart inhalers

4.2.1.Market size, by region, 2016 – 2025 (USD Million)

4.3.Metered Dose Inhaler (MDI)- based smart inhalers

4.3.1.Market size, by region, 2016 – 2025 (USD Million)

Chapter 5. Smart Inhalers Market, By Disease indication

5.1.Key segment trends

5.2.Asthma

5.2.1.Market size, by region, 2016-2025 (USD Million)

5.3.COPD

5.3.1.Market size, by region, 2016-2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

Related News

Healthcare Gamification Market 2020 By Revenue, Top Trend & Regional Growth Forecast

Published Date: 2020-09-22         Author: Ronak Bora

Healthcare Gamification Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry ... Read More

Steam Autoclaves Market 2020 By Regional Trend & Growth Forecast To 2024

Published Date: 2020-09-22         Author: Ronak Bora

Steam Autoclaves Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challen... Read More

Vaccines Market Future Challenges and Industry Growth Outlook by 2020-2025

Published Date: 2020-09-22         Author: Ronak Bora

Vaccines Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges. ... Read More

© 2020 Fractovia. All Rights Reserved