Smart Inhalers Market: Analysis by Manufactures and Opportunity Assessment, 2017 – 2025

Global Smart Inhalers Market: Overview

Smart inhalers refer to the futuristic devices that enable the easy tracking of the consumption amount/volume of medicines prescribed to asthma or chronic obstructive pulmonary disease (COPD) patients through inherent sensors or normal inhalers or nebulizers with clip-on sensors attached externally. Smart inhalers are garnering increased prominence across the globe owing to their many potential benefits over conventional devices, chiefly in terms of tracking drug intake with the help of digital data gathered from the sensor and alerting patients through timely notifications.

This report on the global smart inhalers market presents a detailed overview of the market’s present state of growth dynamics and includes several predictions regarding its scope of growth over the period between 2017 and 2025. The report segments the market on the basis of a number of criteria to give an expansive account of top areas of investment offered by the market. A geography-based analysis of the market is also presented to allow the reader a clear understanding of the most profitable regional markets.

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The report presents a detailed analysis of the key factors expected to have a significant influence on the overall growth prospects of the market in the future years, including growth drivers, restraints, challenges, trends, and opportunities. Forward-looking statements presented in the study are backed with vast qualitative and quantitative details about the market and its key segments.

Global Smart Inhalers Market: Drivers and Restraints

For asthma and COPD patients, inhalation is considered the most effective route of delivering medications in the fastest possible time to the respiratory system. Thus, asthma and COPD patients are prescribed with medications that can be delivered through specialized devices called inhalers. In order to mitigate the possibility of undergoing medical complications due to missed dose for an indication, smart inhalers have been devised.

These connectible devices alert patients about forgotten or missed dosages through notifications on a device connected with the smart inhaler, such as a mobile computing device. Rising awareness about this novel approach in the management of asthma and COPD is expected to be the key factor driving the global smart inhalers market in the next few years. The market for smart inhalers is also expected to be driven due to the rising incidences of respiratory disorders such as COPD and asthma, chiefly owing to rising levels of air pollution and the continuously rising number of smokers across the globe.

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However, factors such as the high cost of treatment of asthma and COPD, the non-availability of many product varieties, and limited availability of products across several regional markets are expected to hinder the overall growth prospects of the market to a certain extent. General data security concerns associated with connected devices is also expected to limit the adoption of smart inhalers to a certain extent.

Global Smart Inhalers Market: Regional and Competitive Dynamics

The global smart inhalers market is presently dominated by North America, which accounted for a dominant share in terms of revenue contribution to the global market in 2016. A significant rise in the patient-base of COPD and asthma, encouraging government initiatives, and high acceptance of innovative and advanced technology allow North America to take the lead in the global market. The extensive use of smart computing devices has also enabled the North America smart inhalers market to become an early adopter of smart inhalers. In the next few years, Asia Pacific is expected to emerge as one of the key regional markets for smart inhalers owing to a rising population of affluent patients, increasing expenditure on healthcare, and rising prevalence of respiratory disorders.

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Some of the leading companies operating in the global smart inhaler market are Adherium, Teva Pharmaceutical Industries Ltd., Propeller Health, AstraZeneca plc, Boehringer Ingelheim GmbH, Adherium Limited, Vectura Group plc, Cohero Health, LLC, GlaxoSmithKline plc, Novartis AG, OPKO Health, Inc., and Propeller Health.

 The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

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