Global Smart Inhalers Market Size By Product (Inhalers and Nebulizers), By Indication (Asthma and COPD), By Distribution Channel (Hospitals Pharmacies and Retail Pharmacies), By Geographic Scope And Forecast

Smart Inhalers Market Size And Forecast

Smart Inhalers Market size was valued at USD 120.4 Million in 2021 and is projected to reach USD 1,113,5 Million by 2030, growing at a CAGR of 25.3% from 2022 to 2030.

Due to an increase in occurrences of chronic respiratory disorders, hospital and clinical visits grew dramatically, resulting in an increase in demand for inhalers and nebulizers, propelling the market forward. The Global Smart Inhalers Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Smart Inhalers Market Definition

Smart inhalers are inhalation devices that deliver a range of medications. Inhalers contain anticholinergic, glucocorticoids, insulin, and beta-agonists, which are used to treat and prevent respiratory disorders such as asthma and chronic obstructive pulmonary disease (COPD). Because the sensors placed as a clip-on to inhalers monitor the proper dose per intake and the technique used for inhaling the drug, these inhalers are referred to as smart inhalers. The sensor’s data is shared with the patient and healthcare practitioners in order to track inhaler usage. The monitored data is then exchanged with their mobile apps via an internet platform using Bluetooth technology, and electronic health records (EHR) or electronic medical records (EMR) are preserved as a result.

Some smart inhalers have sensors that can identify whether a person is in a polluted or pollen-filled environment, give useful reminders, and tell if an individual’s inhaler technique needs to be checked. Individuals do not need to keep their own records because all inhalers are intended to automatically track how often they are used. Respiratory problems such as COPD and asthma are more common in people who live in substandard housing and neighbourhoods. Furthermore, rising tobacco consumption among both men and women in high-income nations, as well as increased risk of indoor air pollution, are projected to raise the prevalence of respiratory disease in both men and women. Smoking, biomass fuel for heating and cooking, and poor ventilation are all examples of indoor pollution.

Global Smart Inhalers Market Overview

Smart inhalers are likely to improve patient adherence to traditional inhalers. Patients’ unintentional non-adherence occurs when they misunderstand instructions, forget, or have physical issues, such as poor coordination or vision, limiting their ability to take their medications. Furthermore, various collaborations, partnerships, and acquisitions between pharmaceutical companies and smart inhaler manufacturers have increased competition in the smart inhaler industry, and the rise in healthcare expenditure in such economies presents lucrative opportunities for the market; thus, is a great opportunity for key players to invest.

Furthermore, the COVID-19 epidemic is expected to have a beneficial impact on the market for smart inhalers. A large number of clinics and hospitals around the world have been reconfigured to boost hospital capacity for COVID-19 patients. Due to the fast increase in COVID-19 cases, non-essential procedures may face a backlog. Manufacturing and shipping of healthcare essentials were also disrupted as a result of the shutdown. Due to an increase in occurrences of chronic respiratory disorders, hospital and clinical visits grew dramatically, resulting in an increase in demand for inhalers and nebulizers, propelling the market forward.

Global Smart Inhalers MarketSegmentation Analysis

The Global Smart Inhalers Market is segmented on the basis of Product, Indication, Distribution Channel, and Geography.

Smart Inhalers Market, By Product

• Inhalers• Nebulizers

Global Smart Inhalers Market is segmented into Inhalers and Nebulizers based on Product. Because of their immediate effect, increased adherence due to clever emerging technologies, and portability, the inhalers category dominated the market and is likely to continue dominating during the forecast period.

Smart Inhalers Market, By Indication

• Asthma• COPD

Global Smart Inhalers Market is segmented into Asthma and COPD based on Indication. Because of the rising prevalence of persons suffering from asthma, the asthma segment dominated the market and is likely to continue to do so over the forecast period.

Smart Inhalers Market, By Distribution Channel

• Hospitals Pharmacies• Retail Pharmacies

Global Smart Inhalers Market is segmented into Hospitals Pharmacies and Retail Pharmacies based on Distribution Channel. Due to the simple availability of a wide range of items, the retail pharmacies segment led the market and is likely to continue dominating over the forecast period.

Smart Inhalers Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of regional analysis, the Global Smart Inhalers Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America currently holds the largest share of the global smart inhaler market and is expected to do so for the foreseeable future. This is due to improved healthcare infrastructure and services, a higher prevalence of asthma and COPD patients, the adoption of technologically sophisticated therapies, the presence of important actors, and increased healthcare expenditure in the region.

Key Players

The “Global Smart Inhalers Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Adherium Limited, Aptar Group Inc. (Cohero Health Inc.), AstraZeneca, Inc., Cognita Labs, Llc., GlaxoSmithKline Plc, Novartis AG, OPKO Health Inc., Philip Morris International Inc. (Vectura Group Plc), ResMed Inc. (Propeller Health) and Teva Pharmaceutical Industries Ltd. 

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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