Smart Inhalers Market Scope
The inhaler is a medical device that is used to cure respiratory diseases. Smart inhalers have inbuilt digital sensors that help in recording the usage of an inhaler at the time of access and provides easier access to the user as it can be connected via Bluetooth to their mobile phone. It also gives information regarding the previous dose taken and gives suggestions accordingly. Smart Inhalers can generate alerts for the daily dosage for the user.These technologically advanced devices enable patients and physicians to monitor, record, and track the dose recording during the treatment.
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. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Smart Inhalers market throughout the predicted period.
Adherium (New Zealand), AstraZeneca (United Kingdom), Cohero Health (United States), GlaxoSmithKline (United Kingdom), Gecko Health Innovations, Inc (United States), Inspiro Medical (Israel), Propeller Health (United States), Propeller Health (United States), Boehringer Ingelheim GmbH (Germany), 3M (United States) and Merck & Co., Inc. (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Smart Inhalers market by Type (Metered Dose Inhaler, Dry Powder Inhalers, Nebulizers and Other), by Application (Asthma, COPD and Other) and Region with country level break-up.
On the basis of geography, the market of Smart Inhalers 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).
Market Leaders and their expansionary development strategies
In April 2020, AptarGroup, Inc., and Sonmol, have announced a collaboration for developing a digital therapies and services platform targeting respiratory and other diseases.
Market Trend
- Technological Advancements in Inhalers
Market Drivers
- Increasing Prevalence of Respiratory Diseases
- Growing Adoption of smart medical devices to keep daily records
Opportunities
- Increased Focus Towards Advanced Treatment Protocols
- Rising Air Pollution
Restraints
- Overall High Cost Of Asthma And COPD Treatment
Challenges
- Lack of Awareness regarding Symptoms of Asthma and COPD
Key Target Audience
Smart Inhaler providers, Raw material suppliers and distributors, Research and consulting firms, Government organizations and Associations and industry bodies