Smart Inhalers Market Size is Booming Worldwide with a Potential Growth Rate of 25.1% By 2030  

A smart inhaler is an inhaler that is improved by technology. These medical devices make use of technology to aid in the collection of health data. This information can assist the doctor to note more personalised treatment decisions. Some smart inhalers have sensors that can detect if a person is in a high-pollution or high-pollen area, while others can send helpful reminders and tell if one needs to check the inhaler technique. They’re all designed to automatically track how frequently one uses an inhaler, so one does not have to keep track of it. 

According to the report, the global ” According to the report published by Allied Market Research Smart Inhalers Market Size was estimated at USD USD 118 million in 2020 and is Projected to Garner USD 1.1 billion by 2030, registering a CAGR of 25.1% from 2021 to 2030. 

Increase in tobacco consumption among men as well as women in developed countries and higher risk of exposure to indoor air pollution are expected to increase the prevalence of respiratory disease equally among both men and women, which drive the growth of the global smart inhalers market. However, the risk of data leakage hinders the market growth. On the other hand, various collaborations, partnerships, and acquisitions between pharmaceutical companies and smart inhaler manufacturers present new opportunities in the coming years. 

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Top Smart Inhalers Companies: 

  • Adherium Limited 
  • Aptar Group Inc. (Cohero Health Inc.) 
  • AstraZeneca, Inc. 
  • Cognita Labs, LLC 
  • GlaxoSmithKline Plc 
  • Novartis AG 
  • OPKO Health Inc. 
  • Philip Morris International Inc. (Vectura Group Plc) 
  • Resmed Inc. (Propeller Health) 
  • Teva Pharmaceutical Industries Ltd. 

Smart Inhalers Market Segmentation:- 

By Product  

  • Inhalers 
  • Nebulizers 

By Indication  

  • Asthma 
  • COPD 

By Distribution Channel  

  • Hospitals Pharmacies 
  • Retail Pharmacies 

Based on region, North America held the highest market share in terms of revenue 2020, accounting for nearly two-fifths of the global smart inhalers market. This is owing to rise in respiratory diseases, rapid adoption of advanced technologies and presence of key players across North America.  

Moreover, the Asia-Pacific region is expected to witness the fastest CAGR of 27.4% during the forecast period, owing to rapidly growing patient pool, increase in public–private investments, and rise in number of strategic developments among the key players. 

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Key Findings Of The Study 

  • By product, inhaler segment was the highest contributor to the market in 2020. 
  • By indication, asthma segment was the highest contributor to the market in 2020 
  • On the basis of distribution channel, retail pharmacies segment was the highest contributor to the market in 2020. 
  • Region wise, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period. 

By Region Outlook   

North America   

⦁ U.S.   

⦁ Canada   

⦁ Mexico   

Europe   

⦁ UK   

⦁ Germany   

⦁ France   

⦁ Italy   

⦁ Russia   

⦁ Rest of Europe   

Asia-Pacific   

⦁ China   

⦁ Japan   

⦁ India   

⦁ Australia   

⦁ Rest of Asia-Pacific   

LAMEA   

⦁ Brazil   

⦁ UAE   

⦁ Turkey   

⦁ Saudi Arabia   

⦁ Rest of LAMEA   

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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 domain. 

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