Global Smart Inhalers Market is estimated to reach $191 million by 2022 : Acute Market Reports
Global smart inhalers market is estimated to reach $191 million by 2022, growing at a CAGR of 63.3% during 2016 to 2022, in the moderate growth scenario. Smart inhalers are also known as connected inhalers andsensors and are mainly used as clip-on sensors, which are attached over a normal inhaler (DPIs, MDIs) or nebulizers for the treatment of asthma and COPD. Smart inhalers as defined in this report are defined as devices providing data wirelessly through cloud, internet, or mobile apps. They track the usage of the dose as and when taken by the patients and also alert the patients through timely reminders. Under the scope of study, the report only considers devices that provides data digitally and excludes devices such as traditional inhalers or which do not use smart inhalers. In addition, smart inhalers available for commercial use as well as smart inhalers used for research and development are considered in the report.
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The Global smart inhalers market is segmented under three different scenarios: moderate growth scenario, rapid growth scenario, and diminishing growth scenario.
Market growth is attributed to the increase in air pollution, incidence of respiratory diseases such as asthma and COPD, and healthcare burden, due to higher cases of asthma and COPD. In addition, probable increase in adherence to smart inhalers is an additional factor for the growth. However, high cost of asthma and COPD treatment, limited availability of smart inhalers, and misuse of data are expected to restrain the market growth.
TOP INVESTMENT POCKETS:
The smart inhalers market is based on three different scenarios, and therefore top investment pockets have been mentioned with respect to the moderate growth scenario.
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North America accounted for the maximum revenue due to wider availability of smart inhalers coupled with wider government initiatives, growth in demand for advanced technology, and increase in use of mobile phones. Smart inhalers directly transfer data related to the medications to the mobile app as well as to the cloud server through the Internet. Therefore, higher use of mobile phones coupled with rise in cases of asthma and COPD in this region act as major growth opportunities for the smart inhalers market.
Inhalation route is the fastest and most effective method of delivering medications to the respiratory system to treat COPD and asthma. These medications are delivered orally through inhalers; however, patients and users tend to forget or miss the dose for the indication. This has led to the development of smart inhalers, which can be easily attached to the patients inhaler and monitor adherence as well as record the time of each dose when taken. Smart inhalers have emerged as a novel approach in asthma and COPD management and are expected to be a potential factor in the growth of the market.
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