About Digital Respiratory Device
Digital respiratory devices are connected to smartphone applications or other data collection modules. These devices are used in the treatment and monitoring of asthma, chronic obstructive pulmonary diseases (COPD), and other respiratory diseases. These technologically advanced devices enable patients and physicians to monitor, record, and track the dose recording during the treatment.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Digital Respiratory Device market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3M (United States), Adherium (New Zealand), Capsule Technologies (United States), Cohero Health (United States), Novartis AG (Switzerland), ResMed (United States), Propeller Health (United States), Sensiron AG (Switzerland), Teva Pharmaceuticals Industries (Israel) and Amiko Digital Health (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are AstraZeneca (United Kingdom), Boehringer Ingelheim International GmbH (Germany) and GlaxoSmithKline (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Digital Respiratory Device market by Type (Therapeutic Devices (Inhalers, Smart Inhalers, Adaptors for Conventional Inhalers, Nebulizers) and Diagnostic Devices (Spirometers, Asthma Monitors, Others)) and Region.
On the basis of geography, the market of Digital Respiratory Device has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Indication, the sub-segment i.e. Asthma will boost the Digital Respiratory Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Pharmacies will boost the Digital Respiratory Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospital will boost the Digital Respiratory Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Home Care Digital Respiratory Devices and Rising New Product Launch and Approval
Market Growth Drivers:
Rising Prevalence of Respiratory Diseases, Outbreak of Infectious Diseases Affecting Respiratory System and Increasing Adoption of Digital Technology Among Individuals
Challenges:
Availability of Low-Cost Products From Local Manufacturers and Issues Related to The Accuracy and Reliability of the Device
Restraints:
High Cost Associated with Digital Respiratory Devices
Opportunities:
Improvement in the Healthcare Infrastructure in Emerging Economies and High Growth in Developing Countries Across APAC and Latin America
Market Leaders and their expansionary development strategies
In October 2023, Propeller Health partners with asthma management platform Propeller Health to offer a comprehensive asthma management solution combining medication adherence tracking and symptom monitoring.
In May 2023, Propeller Health FDA Clearance for Propeller Platform with Albuterol Inhaler Sensor. This sensor attaches to your inhaler and tracks usage data, helping patients manage their asthma better.
Key Target Audience
Manufacturers of Digital Respiratory Device, Suppliers of Digital Respiratory Device, Wholesalers, Distributors, and Retailers of Digital Respiratory Device, Raw Material Suppliers, Healthcare Industry, Regulatory Bodies, Governmental Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.