Smart Inhalers Market Analysis, Competitive Strategies and Forecasts to 2025
By Market Study Report  Date: 2020-09-01Product ID: 2270769

Smart Inhalers Market Analysis, Competitive Strategies and Forecasts to 2025 New research report on Smart Inhalers market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Smart Inhalers market also includes an in-depth study of the industry's competitive scenario.

Smart inhalers market growth is majorly driven by growing prevalence of asthma and COPD. Recently, the rising prevalence of such chronic diseases has led to a surge in the demand for efficient respiratory care. The respiratory inhalers without sensors lack the efficacy to adequately treat respiratory disorder. Presently, the population from the developed regions like North America and Europe are preferring smart inhalers over general respiratory inhalers due to increasing per capita income.

Furthermore, various established pharmaceutical and digital health companies are collaborating to develop new technologically advanced respiratory inhaler for the revolution in the healthcare industry. Considerably, several smart inhalers are being introduced in the market for respiratory disease management. However, due to lack of awareness in emerging economies and significant privacy issues and security risks might deter the revenue growth of smart inhalers market.

Smart Inhalers Market will exceed USD 260 million by 2025; as per a new research report.

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The asthma segment is anticipated to hold a significant revenue share in 2018 and is projected to witness the growth of 11.8% over the forthcoming years. Asthma is considered as the most prevalent chronic disease. According to the American Academy of Allergy, Asthma & Immunology, in 2016, around 8.3% of children in the U.S. suffered from asthma. The asthma prevalence increased from 8.7% in 2001 to 9.4% in 2010 among children. The segment growth is majorly due to the rising disease prevalence among the general population.

The hospital pharmacies segment will witness significant growth of 10.9% during the forecast timeframe. The growing prevalence of the respiratory disease will augment segmental growth. Moreover, hospital pharmacies are usually easily accessible to patients seeking treatment from the hospital. This increases the demand for smart inhalers in the hospital pharmacies that later drives the segmental revenue growth.

The Metered Dose Inhaler (MDI)- based smart inhalers product segment accounted for more than 34% revenue share in 2018 and is expected to witness a similar trend over the forecast years. The established pharma manufacturers are majorly focusing on partnership with software and digital companies to serve the target population. Such collaborations and partnerships will aid manufacturers to launch innovative and novel MDI smart products more conveniently and will drive the growth of the market.

Europe smart inhalers market accounted for more than 29% revenue share in 2018 and is assessed to witness a significant CAGR by 2025. The increasing prevalence of asthma in the European region plays a pivotal role speeding up the adoption of new technologies. The smart inhalers for asthma and COPD, which can monitor, and track medication use are increasingly available in the region. Manufacturers are aiming to soon widespread the use of smart inhalers across the region.

Some of the notable business players operating in the smart inhalers market include AstraZeneca plc, GlaxoSmithKline, Aptar Pharma, Novartis, Boehringer Ingelheim, Teva Pharmaceuticals, H&T Presspart Manufacturing Ltd., Findair Sp. z o. o., Vectura Group, and Zeolr Technologies Pvt Ltd. Partnerships, Collaborations, and agreements between digital and pharmaceutical companies play an important role in the smart inhalers supply chain. The growing adoption of digitally improved respiratory inhalers across the globe is driving the growth of digital healthcare industry. Smart inhaler technology is becoming one of the most important areas of collaboration between digital health and pharma companies.

Major Highlights from Table of contents are listed below for quick lookup into Smart Inhalers Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Smart Inhalers Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Smart Inhalers Market Statistical model and forecast
  • Industry insights and validation
  • Smart Inhalers Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Smart Inhalers industry 360º synopsis - 2025
  • Smart Inhalers Business trends
  • Region trends

Chapter 5. Smart Inhalers industry Insights

  • Smart Inhalers Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Smart Inhalers Market Growth potential analysis

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