The Global Smart Inhaler Technology Market Growth at a rate of 16.56% in the forecast period 2022 to 2029
With a clear understanding of customer requirements, one method or combination of many methods have been used to construct the most excellent Global Smart Inhaler Technology Market research report. Market analysis estimates the expected rise, growth or fall of the product in the specific forecast period. This market research report delivers an all-inclusive analysis of the market structure along with forecasts of the diverse segments and sub-segments of the market. The verified, best, and advanced methods and tools such as SWOT analysis and Porter's Five Forces Analysis are used carefully while generating Global Smart Inhaler Technology Market market reports.
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Market Analysis and Insights - Global Smart Inhaler Technology Market
The smart inhaler technology industry has been observing optimum development in recent years and is probable to remain even in upcoming years. The growth of smart inhaler technology ’s industry size can be attributed to rising investments in research and development activities, entry of new players, product novelty, technological advances, actual allocation of resources, and rising competition amongst business competitors to expand its local as well as customer base.
Data Bridge Market Research analyses that the smart inhaler technology market which was USD 57.61 billion in 2021, would rocket up to USD 196.29 billion by 2029, and is expected to undergo a CAGR of 16.56% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
Smart inhalers are devices intended to connect to the mobile application through Bluetooth to properly manage chronic respiratory disorders and improve patient lifestyle. The surge in the demand for smart inhalers has amplified exponentially due to the rising prevalence of respiratory diseases such as asthma, cystic fibrosis, chronic obstructive pulmonary disorders, amongst others. Smart inhalers are an upgrade over the conventional inhalers. They include the usage of linking technology and usage of sensors through which the general system collects and stores information concerning the habits and requirements of the patient. This connectivity technology aids in informing the patients of the need for replenishing the inhalers and when to take the medication, even increasing the quantity as per the condition of the patient.
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Key Players Global Smart Inhaler Technology Market
Some of the major players operating in the smart inhaler technology market are:
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Adherium (US)
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AstraZeneca (U.K)
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Boehringer Ingelheim International GmbH (Germany)
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Cohero Health, Inc. (US)
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GSK Group of Companies (U.K)
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Teva Pharmaceutical Industries Limited (Israel)
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Vectura Group Ltd. (UK) Propeller Health (US)
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Novartis AG (Switzerland)
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OPKO Health Inc. (US)
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AptarGroup, Inc. (US)
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Sensirion AG (Switzerland)
Global Smart Inhaler Technology Market Share Analysis
The smart inhaler technology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the smart inhaler technology market.
The Global Smart Inhaler Technology Market Size
The smart inhaler technology market is segmented on the basis of type, price range, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Recent Development
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In 2019, Lupin publicized launching “ADHERO,” which is a connected smart device for metered dose inhalers and promises to ensure better adherence to breath therapy for COPD treatment.
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In August 2020, Propeller Health cooperated with Novartis to connect the Propeller digital health platform to Enerzair® and Atectura® Breezhaler to treat uncontrolled asthma and started the distribution of the product in Japan.
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In June 2020, Aptar Pharma united with Lupin Limited to launch India’s first connected device for metered-dose nebulizers (MDI) called ADHERO.
Global Smart Inhaler Technology Market Country Level Analysis
The smart Inhaler technology market is analysed and market size insights and trends are provided by country, type, price range, application and end user as referenced above.
The countries covered in the smart Inhaler technology market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the smart inhalers market due to growing per capita income, rising prevalence Of COPD and asthma, growth in population susceptible to indoor air pollutants, increase in air pollution, rising collaboration between pharma and digital health companies and rising prevalence of respiratory diseases in this region.
Asia-Pacific is the expected region in terms of development in the smart inhalers market due to rising healthcare expenditure and a cumulative number of product growth in this region.
Global Smart Inhaler Technology Market Report Answers the Following Questions:
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How much revenue will the Global Smart Inhaler Technology Market generate by the end of the forecast period?
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Which market segment is expected to have the maximum market share?
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What are the influencing factors and their impact on the Global Smart Inhaler Technology Market?
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Which regions are currently contributing the maximum share of the overall Global Smart Inhaler Technology Market?
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What indicators are likely to stimulate the Global Smart Inhaler Technology Market?
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