Intelligent Asthma Monitoring Devices Market Trends 2032

PORTLAND, OREGON, UNITED STATES, November 7, 2023 /EINPresswire.com/ -- According to the report published by Allied Market Research, the global intelligent asthma monitoring devices market generated $180.5 million in 2020, and is projected to reach $1.69 billion by 2030, witnessing a CAGR of 25.1% from 2021 to 2030. The study analyzes the important strategies, drivers, competition, market dynamics, size, and important investment regions.

Key Takeaways:

The smart inhalers segment is estimated to register the highest CAGR of 25.6% from 2021 to 2030.

The homecare segment is projected to register the highest CAGR of 25.9% from 2021 to 2030.

Asia-Pacific region is projected to manifest the fastest CAGR of 27.3% during the forecast period.

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Major Factors Driving the Growth of Intelligent Asthma Monitoring Devices Market:

Rising prevalence of asthma: Asthma is the most common chronic respiratory disease, affecting an estimated 262 million people worldwide. The prevalence of asthma is increasing, particularly in developing countries. This is due to a number of factors, including air pollution, urbanization, and changes in lifestyle.

Increasing demand for self-monitoring devices: Patients with asthma are increasingly demanding self-monitoring devices that can help them to track their symptoms and medication adherence. Intelligent asthma monitoring devices provide patients with real-time data on their asthma condition, which can help them to make informed decisions about their treatment.

Technological advancements: Technological advancements are leading to the development of new and improved intelligent asthma monitoring devices. These devices are becoming more accurate, user-friendly, and affordable.

Growing awareness of the benefits of intelligent asthma monitoring devices: Awareness of the benefits of intelligent asthma monitoring devices is growing among patients, healthcare providers, and payers. This is leading to an increase in demand for these devices.

Market Segmentation:

By product type:

Wearable asthma monitoring devices: These devices are worn on the body and can track a variety of asthma-related metrics, such as lung function, peak flow, and medication adherence.
Smart inhalers: These inhalers are equipped with sensors that can track medication use and provide feedback to patients and healthcare providers.
Nebulizers: These devices are used to deliver medication to the lungs in the form of a mist.
Peak flow meters: These devices are used to measure the peak flow rate, which is a measure of how quickly a person can exhale air from their lungs.
Other devices: This category includes other types of intelligent asthma monitoring devices, such as asthma diaries and apps.

By application:

Early detection and diagnosis: Intelligent asthma monitoring devices can be used to detect asthma early on, before symptoms become severe.
Treatment monitoring: These devices can be used to track a patient's response to treatment and to identify any changes in their condition.
Prognosis: These devices can be used to predict a patient's risk of future asthma attacks and complications.
Medication adherence: These devices can be used to track medication adherence and to identify patients who may be at risk of non-adherence.

By end user:

Adults
Children
Healthcare providers
Home users

By region:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

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Regional Growth Dynamics:

North America contributed to the highest share in terms of revenue in 2020, holding around two-fifths of the total market share, and is estimated to continue its dominant share by 2030. Moreover, the Asia-Pacific region is projected to manifest the fastest CAGR of 27.3% during the forecast period.

Competitive Landscape:

Leading players of the global intelligent asthma monitoring devices market analyzed in the research include Adherium, Astrazeneca, Cohero Health Inc, Glaxosmithkline PLC, Health Care Originals, Koninklijke Philips N.V, Propeller Health, Teva Pharmaceuticals Industries Ltd., Vectura group Plc., and Volansys Technologies.

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Key Questions Answered in the Intelligent Study

What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
What are the key technological and market trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?

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Market Dynamics and Transformations

Economic Downturn Analysis: Impact of Recession in 2023
Pandemic's Influence: Impact of Covid-19 Pandemic
Market Evolution: Recent Developments in the Market with Key Players Announcements

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

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