Research Nester published a report titled “Smart Asthma Monitoring Devices Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global smart asthma monitoring devices market in terms of market segmentation by product, device, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global smart asthma monitoring devices market is estimated to grow at a CAGR of ~25% over the forecast period, i.e., 2022 – 2031. The market is segmented on the basis of product into wearable monitors, smart inhalers, breath analyzer, nebulizers, and others, out of which, the smart inhalers segment is anticipated to hold the notable share over the forecast period owing to the various self-care features of smart inhalers, such as, metered dosage and medicine reminders. On the other hand, the wearable monitors segment is also estimated to gain a significant market share over the forecast period, as wearable devices can note the respiration rate, heart rate, cough count, and others, and can alert patients of a possible asthma attack.
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The global smart asthma monitoring devices market is anticipated to witness growth growing prevalence of asthma across the globe, especially amongst children and older adults. According to the data by the World Health Organization (WHO), 262 million people were diagnosed with asthma in 2019. Moreover, the rising acceptance of smart medical devices, along with the adoption of artificial intelligence in healthcare sector are expected to fuel the market growth.
On the basis of geographical analysis, the global smart asthma monitoring devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the growing prevalence of asthma in the region. As per the data by the Asthma and Allergy Foundation of America (AAFA), approximately 25 million Americans suffer from asthma. Moreover, the growing adoption of advanced medical equipment in developed countries is estimated to boost the market growth.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Adoption of Smart Medical Devices to Boost the Market Growth
Smart asthma monitoring devices can record, analyze, and monitor the patients’ conditions, assisting the caretaker to follow the right treatment method. Moreover, these devices are highly helpful for self-care or self-treatment for asthma patients. Along with this, smart monitoring devices can allow patients to avoid triggers for asthma attacks and also warn before a possible attack. Such features are estimated to boost the market growth.
However, high cost of smart devices is expected to operate as key restraint to the growth of global smart asthma monitoring devices market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global smart asthma monitoring devices market which includes company profiling of Astellas Pharma Inc., Adherium Limited, AstraZeneca Group, Cohero Health, Inc., GlaxoSmithKline plc, Aevice Health, Vectura Group plc, Health Care Originals Inc, and Reciprocal Labs Corporation. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global smart asthma monitoring devices market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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