Smart Inhaler is a part of new age digital technology which is designed to improve the disease management in the respiratory diseases. Smart Inhalers are basically the respiratory inhalers equipped with a digital sensor. The sensor installed in the inhaler tracks the data such as the dosage timing, monitors the use of the inhaler, and schedules the next dosage. Smart Inhalers can generate alerts for the daily dosage for the user using the smart devices connected to the sensors via Bluetooth.
Smart inhalers market has been driven by various factors including their advantage over conventional inhalers technological advancements, improving adherence to inhalers, linking with telehealth, and also due to extensive use of smart computing devices. Due to these reasons the market is expected to rise further in the coming future. Simultaneously other factors restricting the market growth includes data security concern related to security devices, regulating government policies for the use of healthcare devices, and also limited availability of these products in potential emerging market and regions.
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Global Smart Inhalers Market – Dominant Players
- Adherium Limited (New Zealand)
- AstraZeneca (England)
- Cohero Health (USA)
- GlaxoSmithKline (U.K.)
- Gecko Health Innovations Inc (USA)
- Inspiro Medical Ltd.
- Propeller Health (USA)
These are some of the prominent players at the forefront of competition in the Global Smart Inhalers Market and are profiled in MRFR Analysis.
Latest Industry News:
In February 2019
Propeller Health, a leading mobile platform for respiratory health announced a partnership with Orion Corporation, a pharmaceutical and diagnostics company to co-develop a custom-built Propeller sensor for Orion’s Easyhaler line of inhaled pulmonary drugs. The new sensor will enable tracking of medication use and improve medication adherence.
Global Smart Inhalers Market – Segments
The Global Smart Inhaler Market has been segmented based on type, application, and end user.
By type, the global smart inhaler market has been segmented into dry powder inhaler and metered dose inhaler.
By application, the global smart inhaler market has been segmented into Asthma, COPD, and others.
By end user, the global smart inhaler market has been segmented into hospitals & clinics, respiratory care center, and others.
Global Smart Inhalers Market – Regional Analysis
By region, the Global Smart Inhalers Market has been segmented into North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW).
North America is the largest market for smart inhalers and is estimated to reach USD 888.4 Mn by the end of 2023. The existence of market players in the region coupled with a high investment in R&D activities boosts the market growth. In addition, the region is a frontrunner in the adoption of the latest technologies which acts as a plus for the market growth. Other factors driving growth include improving reimbursement scenario and a high prevalence of respiratory diseases in the region.
Europe ranks the second in the global smart inhalers market and was valued at USD 57.4 Mn in 2016. Government support for R&D and the growing burden of chronic respiratory diseases is fostering market growth in Europe.
APAC is poised to showcase the highest growth rate and capture a remarkable CAGR of 55.3% over the forecast period. Expansion of the healthcare sector in the emerging economies of the region and huge patient pool favor market growth.
Global Smart Inhalers Market – Key Finding
- The Smart Inhalers Market and is expected to reach $1636.1 million by 2022.
- Dry Powder Inhalers hold the largest share of the market.
- North America holds the largest market share of 54.3% of smart inhalers market and is anticipated to reach $888.4 million by the end of forecast period.
- Globally, Asia-Pacific the fastest growing region and expected to grow at the rate of 55.3% during the forecast period.
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