USD 310.63 million
Global Intelligent Asthma Monitoring Devices Market Size, Share, Growth Analysis, By Product(Wearable asthma monitoring devices, smart inhalers), By End use(Hospitals, clinics) - Industry Forecast 2024-2031
Report ID:
SQMIG35C2023 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
66 |
Figures:
75
Global Intelligent Asthma Monitoring Devices Market Insights
Intelligent Asthma Monitoring Devices Market size was valued at USD 310.63 million in 2019 and is poised to grow from USD 566.26 million in 2023 to USD 1696.7 million by 2031, growing at a CAGR of 25.1% in the forecast period (2024-2031).
Intelligent asthma monitoring devices are used to monitor asthma and prevent asthma attacks & related complications. The global market growth is attributed to increase in air pollution, increase in the population susceptible to indoor air pollutants, and an alarming rise in the prevalence of COPD & asthma globally. Further, increasing adherence to smart inhalers and the transformation from physician-centered to patient-centered model, increasing collaboration between pharmaceutical companies and smart inhaler manufacturers, and a surge in the incidence of asthma cases are the factors that propel the market growth.
In the healthcare sector, technologically advanced digital devices are used that alert patients of a possible asthma attack. These devices have the ability to monitor adherence, provide access to data so that it can be transported to a personal device, and accurately record the time of each dose taken by the patients. The use of mobile health and web applications, wearables, and other personal monitoring devices to improve asthma management has enormous promise.
US Intelligent Asthma Monitoring Devices Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals
Fastest Growth
Hospitals
Growth Rate
25.1% CAGR
Global Intelligent Asthma Monitoring Devices Market ($ Bn)
Country Share for North America Region (%)
Global Intelligent Asthma Monitoring Devices Market By End use ($ Bn)
Global Intelligent Asthma Monitoring Devices Market By End use (%)
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Global Intelligent Asthma Monitoring Devices Market Segmental Analysis
Global Intelligent Asthma Monitoring Devices Market is segmented into product, end user, and region. Based on product, the Intelligent Asthma Monitoring Devices Market is segmented into wearable asthma monitoring devices, smart inhalers, inhalers, dry powdered inhalers (DPI’s), Metered dose inhalers (MDI’s), and nebulizers. Based on end-user the Intelligent Asthma Monitoring Devices Market is segmented into hospitals, clinics, and home use. Based on region, the Intelligent Asthma Monitoring Devices Market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.
Intelligent Asthma Monitoring Devices Market Analysis by Product
Based on product, the global market is segmented into wearable asthma monitoring devices, smart inhalers, inhalers, dry powdered inhalers, metered dose inhaler, and nebulizer.
The smart inhaler segment is expected to dominate the market and it is expected to grow at the highest rate during the forecast period due to an increase in acceptance of smart inhalers and patient compliance.
Intelligent Asthma Monitoring Devices Market Analysis by End User
Based on end-user the global market is segmented into hospitals, clinics, and home use. The hospital segment is expected to lead the global market and it is projected to grow at a significant pace during the forecast period. On the contrary, the home use segment is expected to have the fastest growth rate during the forecast period due to the increase in the number of phone-based apps and the handling of smart inhalers with ease.
Global Intelligent Asthma Monitoring Devices Market By End use, 2023 (%)
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Global Intelligent Asthma Monitoring Devices Market Regional Insights
Global intelligent asthma monitoring devices market can be segmented into five major regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America is expected to have the largest Global Intelligent Asthma Monitoring Devices Market share during the forecast period. Market growth in this region is due to rising awareness among people and the increasing prevalence of allergic reactions.
Europe is expected to be the second leading market and record significant sales of intelligent asthma monitoring device market. However, the sluggish economy in this region may hamper the growth of the market.
Asia Pacific region is projected to expand at a high CAGR due to rising population level, increasing prevalence of asthma, and surge in focus on enhancing treatment.
Global Intelligent Asthma Monitoring Devices Market By Region, 2024-2031
- Largest
- Fastest
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Global Intelligent Asthma Monitoring Devices Market Dynamics
Intelligent Asthma Monitoring Devices Market Driver
Increasing Prevalence of Asthma and Subsequent Adoption of Smart Inhalers is Bolstering Market Growth
- Increasing pollution across the globe is the major factor that contributes to the increasing number of people suffering from asthma. This condition helps to boost sales of intelligent asthma monitoring devices. According to the Centers for Disease Control and Prevention (CDC), over 27 million people in the U.S. suffered from asthma. It was one of the chronic conditions in children, with a prevalence of 1 in every 12 children. According to Asthma UK, there are over 300 million people suffering from asthma and the number is anticipated to rise by over 100 million by 2025. People’s awareness about the advantages of asthma monitoring devices, technological advancement, and increasing company focus are the factors that help to propel the market growth. Smart inhalers include a dry powdered inhaler and metered dose inhaler. Key players are embracing the use of these smart inhalers in order to enhance the management of asthma and also to improve the effectiveness of the prescribed medications that helps to boost the market growth.
Intelligent Asthma Monitoring Devices Market Restraint
Lack of Knowledge about the Effective use of Smart Inhalers and Nebulizers to Cause Hindrance
- The rise in pollution across the globe increases the prevalence of asthma. There is a need to produce cost-effective and advanced monitoring devices for patients’ active commitment to engage in self-monitoring routines. But the lack of knowledge about the use of smart inhalers and nebulizers are the factors that hamper the growth of the intelligent asthma monitoring market.
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Global Intelligent Asthma Monitoring Devices Market Competitive Landscape
Global intelligent asthma monitoring device market is highly fragmented. The players adopted the key strategies to strengthen their position in the global market which is as follows- product launches, mergers & acquisitions, joint venture, and geographical expansion.
Intelligent Asthma Monitoring Devices Market Top Player’s Company Profiles
- Adherium Limited
- AstraZeneca
- Boehringer Ingelheim International GmbH
- Cohero Health, Inc.
- GlaxoSmithKline plc
- Health Care Originals, Inc.
- Inspiro Medical Ltd.
- Ivivi Health Sciences LLC
- Koko Health, Inc.
- Medical International Research USA, Inc.
- NuvoAir AB
- Pneuma Respiratory, Inc.
- Propeller Health
- ResMed
- Sensirion AG
- Teva Pharmaceuticals Industries Ltd.
- Thorasys Thoracic Medical Systems Inc.
- Vitalograph Ltd.
- Volansys Technologies Pvt. Ltd.
- Zephyr Sleep Technologies
Intelligent Asthma Monitoring Devices Market Recent Developments
- In April 2022, Aparta Pharma announced the launch of HeroTracker Sense.
- In June 2021, Adherium Limited, one of the leading players in the market announced that it got its FDA 510k approval to sell its novel, state-of-the-art Hailie Sensor that incorporates psychological measures to track asthma and COPD medications.
Global Intelligent Asthma Monitoring Devices Key Market Trends
Leading Players in the Market are Investing in Technological Advancements
- ADAMM smart patch is one of the wearables that is used to monitor symptoms like cough, respiration rate, and presence of wheeze. This device is deviate from the individnormsnorm, the wearable vibrates to indicate the user of the deviation and it sends a text notification to a designated person.
Global Intelligent Asthma Monitoring Devices Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global intelligent asthma monitoring devices market analysis, players in the market can gain an edge over their competitors by investing in R&D activities. They are also collaborating with end-user industry players and expanding their geographical reach. Self-monitoring devices will witness a surge in demand due to advancements. The market will go through evolution as demand rises. The alarming rate of pollution remains one of the major factors driving the market’s demand during the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 310.63 million |
| Market size value in 2031 | USD 1696.7 million |
| Growth Rate | 25.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Intelligent Asthma Monitoring Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Intelligent Asthma Monitoring Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Intelligent Asthma Monitoring Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Intelligent Asthma Monitoring Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Intelligent Asthma Monitoring Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Intelligent Asthma Monitoring Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Intelligent Asthma Monitoring Devices Market Report Snapshots
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