Smart Inhalers Market by Applications Scope and Rising Demand, Mode of Action, Product Type

 Global Smart Inhalers Market Share, Trends and Growth Analysis by Type (Dry Powder Inhaler and Metered Dose Inhaler), Application (Asthma, Chronic Obstructive Pulmonary Disease and others), End User (Hospitals & Clinics, Respiratory Care Centers and others) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2025

Global Smart Inhalers Market   - Overview

Smart Inhaler is a part of new age digital technology which is designed to improve the disease management in the respiratory diseases. Smart Inhalers are basically the respiratory inhalers equipped with a digital sensor. The sensor installed in the inhaler tracks the data such as the dosage timing, monitors the use of the inhaler, and schedules the next dosage. Smart Inhalers can generate alerts for the daily dosage for the user using the smart devices connected to the sensors via Bluetooth

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Smart inhaler technology is quickly becoming one of the most valuable areas of pharmaceutical engagement in digital health. There has been rise in number of companies that are adopting this digital technology and opting to use it to enhance the management of lung disorders such as asthma and chronic obstructive pulmonary disorder (COPD), as well as improve the efficacy of the prescribed medications. Wide variety of benefits ranging from improving medication adherence to reducing hospital admissions, which makes smart inhalers the next big thing of respiratory care segment.

The global market for smart inhalers is growing continuously and expected to grow at a CAGR of 42.8% during the forecast period 2017-2023. According to a recent study report published by the Market Research Future, The global smart inhalers market is booming and expected to gain prominence over the forecast period growing rapidly. The market is forecasted to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a prominent CAGR during the anticipated period (2017 – 2023).

Smart inhalers market has been driven by various factors including their advantage over conventional inhalers technological advancements, improving adherence to inhalers, linking with telehealth, and also due to extensive use of smart computing devices. Due to these reasons the market is expected to rise further in the coming future. Simultaneously other factors restricting the market growth includes data security concern related to security devices, regulating government policies for the use of healthcare devices, and also limited availability of these products in potential emerging market and regions.

Market Dynamics

With the advent of technologies, smart inhalers have added new techniques and features, making it easier for the patients to use and understand the device and the disease. Making it possible for the patient to handle respiratory problems such as asthma and COPD themselves. Smart inhalers provide sensor added to the normal metered-dose inhalers, which can record the dosage, frequency of dosage, and even integrated app, which can be helpful to remind the patients of the time for the medications. This advantage of smart inhalers over conventional inhalers is propelling the growth of the market. Additionally, improving adherence to inhalers, technological advancements, extensive use of smart computing devices, and prevalence of respiratory disorders is likely to support market growth. On the other hand, the high price of smart inhalers, limited availability, data security concern related to security devices, and regulating government policies is anticipated to hamper the market growth.

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Key Players:

Adherium Limited (New Zealand), AstraZeneca (England), Cohero Health (USA), GlaxoSmithKline (U.K.), Gecko Health Innovations Inc (USA), Inspiro Medical Ltd., and Propeller Health (USA) are some of the prominent players at the forefront of competition in the Global Smart Inhalers Market and are profiled in MRFR Analysis. 

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