Reports Coverage
Smart Inhalers Market Key Insights
Smart Inhalers Market Analysis by Regions
Smart Inhalers Market Analysis by Segments
Smart Inhalers Market Size (current and future)
Smart Inhalers Market Competitive Benchmarking
2 years ago
The smart inhalers market is set to reach from US$ 1,006.6 Mn in 2017 to US$ 3,674.6 Mn by 2026 at a compound annual growth rate (CAGR) of 15.7% during the forecast period from 2018 to 2026. Smart inhalers are mounted on respiratory inhalers and nebulizers and provides its services via wireless smart apps and cloud computing systems. They are useful in adjusting the inhaled dose and also remind...
As technology advances, more people are turning to inhalers for their respiratory needs. In fact, because of their ease of use, inhalers have become one of the most popular types of medication. With so many people reliant on inhalers, it's no surprise that the smart inhaler market is exploding.
The market for smart inhalers is rapidly expanding as people become more aware of the benefits of using these devices. Chronic diseases such as asthma, COPD, and cystic fibrosis are managed using the devices. These diseases are caused by breathing problems and limit a person's ability to perform activities. The machines assist people in overcoming these limitations by providing accurate readings of their respiratory conditions and administering medication via an inhaler.
The market is divided into two major product categories: acoustic and electronic. Acoustic smart inhalers are less expensive and are used to treat mild asthma. On the other hand, electronic smart inhalers have improved accuracy and performance and are used in severe asthma cases or when a patient requires continuous monitoring.
The market is divided into North America, Europe, Asia Pacific (APAC), Latin America/the Caribbean (LAC), and the Middle East and Africa (MEA). North America leads the market with **%, followed by Europe with **%. APAC is expected to experience the highest growth rates during the forecast period as patients in this region become more aware of the benefits of using smart inhalers.
Philips Healthcare, Bayer Corporation, Medtronic plc., Becton Dickinson and Company, Boston Scientific Corporation, Boehringer Ingelheim SE & Co KG, and GlaxoSmithKline PLC are among the key players in the smart inhaler market.
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