Smart inhalers market is growing rapidly post 2016 as the market is boosted due to increasing prevalence of respiratory disorders and demand for the advanced technologies and devices
The global market for smart inhalers is growing continuously and expected to reach USD ~213 million by the end of 2022.
The global Smart Inhalers Market has been evaluated as rapidly growing market and it is expected that the market will continue to grow similarly in the near future. Respiratory disorders has always been a big challenge for the drug makers and the medical practitioners. There has been continuous rise in the respiratory disorder prevalence all over the world. In the last couple of decades, this respiratory disorder prevalence has increased tremendously due to some of the reasons such as air pollution, smoking, industrialization among others. Over the past 50 years, inhaler devices have revolutionized the respiratory care by delivering the medicines directly into the lungs and avoiding the adverse effects caused by the other modes of medication. However there has been a point of concern for the doctors whether the patients are taking the medication correctly or not. Because, even if you have the most effective drug in the inhaler but if the patient does not take the medication correctly and on time, you will not see the desired effect of the drug.
Global Smart Inhalers Market Players:
There are plenty of large and small market players which operate in this market all over the globe. The major participants of this market are
- Adherium Limited
- AstraZeneca plc
- Boehringer Ingelheim GmbH
- Cohero Health LLC
- GlaxoSmithKline plc
- Glenmark Pharmaceuticals
- Novartis AG
- OPKO Health Inc. (Inspiro Medical Ltd.)
- Philips Respironics
- Propeller Health
- Teva Pharmaceutical Industries Ltd. (Gecko Health Innovations)
- Vectura Group plc
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According to the reports of WHO, more than 300 million people in the world are affected by asthma’ and more than 200 million people are affected by the COPDs. Monitoring the accurate delivery of the medication for respiratory disorders has been a big challenge for the medical practitioners. Thus the technology experts and scientists have come up with the idea of smart inhalers which will be equipped with the sensors in order to monitor the correct delivery of the medication. These inhalers works in synchronization with monitoring devices. Smart inhalers help to monitor adherence. It can accurately record the time when each dose is taken. The data is stored on the cloud server and it can be accessed with any authorized personal computer. By improving medication adherence, smart inhalers can save billions of dollars for the COPD patients all over the world. With technological advancements in the smart inhaler technology, it is expected to become the next big thing in the respiratory care segment.
Depending on geographic region, smart inhalers market is segmented into four key regions: America, Europe, Asia-Pacific, and Middle East & Africa. Globally, America is the largest market for smart inhalers. North American region is the leading market in the America region. Europe is the second-largest market globally for smart inhalers which is expected to continue its growth in the near future. Asia-pacific region is expected to be fastest growing region in smart inhalers market.
Smart inhalers market has been segmented on the basis of product type which comprises inhalers which are sub-segmented into digital dose inhalers and dry powder inhalers, and nebulizers. On the basis of application, the market is segmented into asthma, and chronic obstructive pulmonary disorder (COPD). On the basis of end user, market is segmented into hospital, clinic, respiratory care centers, patients, and others.
- Smart inhalers manufacturers and suppliers
- Contract research organizations (CROs)
- Research and development (R&D) companies
- Government research laboratories
- Independent research laboratories
- Government and independent regulatory authorities
- Market research and consulting service providers
- Academic institutes and universities
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