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Smart Inhalers Market: Current Analysis and Forecast (2021-2028)

Region:Global

Product Code:UMHE21252

Download Sample Report
Published On

June 2021

Total pages

204

About the Report

THE SMART INHALER DEVICES CONTAIN A BIOSENSOR THAT CAN BE CONNECTED TO AN APPLICATION ON SMARTPHONES OR TABLETS THAT HELPS IN RECORDING DATA ABOUT THE DATE AND TIME OF USE OF THE INHALER. THE SENSORS ARE EITHER EMBEDDED INSIDE THE INHALER ITSELF OR ARE ATTACHED EXTERNALLY TO THE PRIMARY INHALER. THESE DEVICES ALSO ALLOW THE PATIENT TO SET UP AN AUTOMATIC REMINDER FOR THE NEXT DOSE.

SMART INHALERS ENABLE PATIENTS WITH CHRONIC OBSTRUCTIVE PULMONARY DISEASE (COPD) AND ASTHMA TO MANAGE THEIR DISEASE EFFICIENTLY. THEY SUPPORT PATIENT'S HEALTHCARE JOURNEY AND PROVIDE PATIENT'S HEALTH DATA TO CLINICIANS AND CAREGIVERS ENABLING THEM TO PERSONALIZE THEIR TREATMENT AND MEET ALL THE PATIENT'S NEEDS TO AVOID ANY COMPLICATIONS. IN ADDITION TO THIS, IT ALSO ENABLES PATIENTS TO TAKE CONTROL OF THEIR CARE ALONGSIDE THE PHYSICIANS AND CAREGIVERS.

THE RISING WORLDWIDE DEMAND FOR SMART INHALERS IS BECAUSE OF THE RISING AIR POLLUTION WHICH LAYS A FOUNDATION FOR CHRONIC DISEASES AND CANCER-RELATED TO THE LUNGS. THE INCREASED FOCUS ON PREVENTIVE HEALTHCARE, TECHNOLOGICAL ADVANCEMENT HEALTHCARE SECTOR, AND THE NEED TO REDUCE SURGING MEDICAL COSTS ARE SOME FACTORS DRIVING THE GROWTH OF SMART INHALERS ACROSS THE WORLD. ANOTHER FACTOR CONTRIBUTING TOWARDS THE GROWTH OF THIS MARKET IS THE RISING RESPIRATORY DISEASE INCIDENCES AND GROWING AGING POPULATION. IN ADDITION TO THIS, THE WORLDWIDE ADOPTION OF SMARTPHONE-BASED HEALTHCARE APPLICATIONS DUE TO THE NUMBER OF CANCELED APPOINTMENTS AND DEFERRED CARE AMIDST THE NOVEL CORONAVIRUS OUTBREAK HAS FURTHER AUGMENTED THE WORLDWIDE DEMAND FOR SMART INHALERS.

HOWEVER, SOME OF THE RESTRAINTS IN THE MARKET INCLUDE A LACK OF AWARENESS AND THE OVERALL HIGH COST OF INHALERS. IN ADDITION TO THIS, THE CONCERNS RELATED TO MISUSING DATA AND DATA PRIVACY ARE IMPEDING THE GROWTH OF THIS MARKET ALL OVER THE WORLD.

BASED ON THE PRODUCT, THE MARKET IS DIVIDED INTO INHALERS AND NEBULIZERS. THE INHALERS ARE FURTHER SEGMENTED INTO DRY POWDER INHALER (DPI) AND METERED-DOSE INHALER (MDI). THE INHALERS SEGMENT ACCOUNTED FOR THE MAJOR MARKET SHARE OWING TO THE RISE IN ASTHMA CASES AND INCREASED ADOPTION OF INHALERS BY PATIENTS.
BASED ON INDICATION, THE SEGMENT IS FRAGMENTED INTO CHRONIC OBSTRUCTIVE PULMONARY DISEASE (COPD) AND ASTHMA. THE ASTHMA SEGMENT DOMINATED THE MARKET OWING TO THE GROWING PREVALENCE OF ASTHMA PATIENTS ALL OVER THE WORLD. HOWEVER, THE CHRONIC OBSTRUCTIVE PULMONARY DISEASE (COPD) SEGMENT IS ALSO EXPECTED TO GROW EXPONENTIALLY AT A CAGR OF XX% DURING THE FORECAST PERIOD.

BASED ON THE DISTRIBUTION CHANNEL, THE MARKET IS DIVIDED INTO HOSPITAL PHARMACIES, RETAIL PHARMACIES, AND ONLINE CHANNELS. THE HOSPITAL PHARMACIES SEGMENT GENERATED REVENUE OF USD XX MILLION IN 2020 AND IS EXPECTED TO GROW AT A CAGR OF XX% DURING THE FORECAST PERIOD TO REACH A MARKET VALUATION OF USD XX MILLION BY 2028F.
 
BASED ON END-USER, THE SMART INHALER MARKET IS DIVIDED INTO HOSPITALS & CLINICS, RESPIRATORY CARE CENTERS, AND OTHERS. THE HOSPITALS & CLINICS SEGMENT DOMINATED THE SMART INHALERS MARKET AND IS EXPECTED TO GROW AT A SUBSTANTIAL RATE OVER THE ANALYZED PERIOD OWING TO THE ADOPTION OF SMART INHALERS IN HOSPITALS AND CLINICS AND THE GROWING PREVALENCE OF RESPIRATORY DISEASES.

FOR A BETTER UNDERSTANDING OF THE MARKET ADOPTION OF SMART INHALERS, THE MARKET IS ANALYZED BASED ON ITS WORLDWIDE PRESENCE IN THE COUNTRIES SUCH AS NORTH AMERICA (UNITED STATES, CANADA, AND THE REST OF NORTH AMERICA), EUROPE (GERMANY, FRANCE, ITALY, SPAIN, UNITED KINGDOM AND REST OF EUROPE), ASIA-PACIFIC (CHINA, JAPAN, INDIA, AUSTRALIA, SOUTH KOREA AND REST OF APAC), AND REST OF WORLD. NORTH AMERICA CONSTITUTES THE LARGEST MARKET FOR THE SMART INHALER INDUSTRY AND GENERATED REVENUE OF USD XX MILLION IN 2020 OWING TO THE GOVERNMENT SUPPORT FOR ADVANCED RESEARCH AND DEVELOPMENT IN THE FIELD OF DIGITAL INHALERS AND INCREASING AWARENESS REGARDING THE BENEFITS OFFERED BY THEM. HOWEVER, THE ASIA-PACIFIC REGION IS ALSO EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD.

SOME OF THE MAJOR PLAYERS OPERATING IN THE MARKET INCLUDE BOEHRINGER INGELHEIM, COHERO HEALTH, INC., NOVARTIS, ASTRAZENECA, OMRON CORPORATION, TEVA PHARMACEUTICALS INDUSTRIES LTD., VECTURA GROUP, GLAXOSMITHKLINE, ADHERIUM LIMITED, AND 3M. SEVERAL M&A'S ALONG WITH PARTNERSHIPS HAVE BEEN UNDERTAKEN BY THESE PLAYERS TO BOOST THEIR PRESENCE IN DIFFERENT REGIONS.

Scope of the Report

Products

The smart inhaler devices contain a biosensor that can be connected to an application on smartphones or tablets that helps in recording data about the date and time of use of the inhaler.

Companies

BOEHRINGER INGELHEIM

COHERO HEALTH

INC.

NOVARTIS

ASTRAZENECA

OMRON CORPORATION

TEVA PHARMACEUTICALS INDUSTRIES LTD.

VECTURA GROUP

GLAXOSMITHKLINE

ADHERIUM LIMITED

AND 3M

Table of Contents

1 MARKET INTRODUCTION

1.1 MARKET DEFINITIONS

1.2 OBJECTIVE OF THE STUDY

1.3 LIMITATION

1.4 STAKE HOLDERS

1.5 CURRENCY USED IN REPORT

1.6 SCOPE OF THE SMART INHALERS MARKET STUDY

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1 RESEARCH METHODOLOGY FOR THE SMART INHALERS MARKET

2.1.1 MAIN OBJECTIVE OF THE SMART INHALERS MARKET

3 INDUSTRY PERFORMANCE

4 EXECUTIVE SUMMARY

5 COVID-19 IMPACT

6 MARKET INSIGHTS BY PRODUCT

6 6.1 INHALERS

6.1.1 DRY POWDER INHALER (DPI)

6.1.2 METERED DOSE INHALER (MDI)

6.2 NEBULIZERS

7 MARKET INSIGHTS BY INDICATION

7.1 CHRONIC OBSTRUCTIVE PULMONARY DISEASE (COPD)

7.2 ASTHMA

8 MARKET INSIGHTS BY DISTRIBUTION CHANNEL

8.1 HOSPITAL PHARMACIES

8.2 RETAIL PHARMACIES

8.3 ONLINE CHANNEL

9 MARKET INSIGHTS BY END-USER

9.1 HOSPITAL PHARMACIES

9.2 RETAIL PHARMACIES

9.3 ONLINE CHANNEL

10 MARKET INSIGHTS BY REGION

10.1 NORTH AMERICA SMART INHALERS MARKET

10.1.1 UNITED STATES OF AMERICA

10.1.2 CANADA

10.1.3 REST OF NORTH AMERICA

10.2 EUROPE SMART INHALERS MARKET

10.2.1 UNITED KINGDOM

10.2.2 GERMANY

10.2.3 FRANCE

10.2.4 SPAIN

10.2.5 ITALY

10.2.6 REST OF EUROPE

10.3 ASIA-PACIFIC SMART INHALERS MARKET

10.3.1 CHINA

10.3.2 JAPAN

10.3.3 INDIA

10.3.4 AUSTRALIA

10.3.5 REST OF ASIA-PACIFIC

10.4 REST OF THE WORLD SMART INHALERS MARKET

11 LEGAL AND REGULATORY FRAMEWORK

12 DEMAND AND SUPPLY SIDE ANALYSIS

12.1 DEMAND SIDE ANALYSIS

12.2 SUPPLY SIDE ANALYSIS

12.2.1 TOP PRODUCT LAUNCHES

12.2.2 TOP BUSINESS PARTNERSHIPS

12.2.3 TOP BUSINESS EXPANSIONS, INVESTMENTS AND DIVESTITURES

12.2.4 TOP MERGER AND ACQUISITIONS

13 VALUE CHAIN ANALYSIS

14 SMART INHALERS MARKET TRENDS & INSIGHTS

15 SMART INHALERS MARKET DYNAMICS

15.1 DRIVERS

15.2 CHALLENGES

15.3 IMPACT ANALYSIS

15.4 OPPORTUNITY

16 COMPETITIVE SCENARIO

16.1 SMART INHALERS MARKET SHARE, BY COMPANY 2020

17 COMPANY PROFILED

17.1 BOEHRINGER INGELHEIM

17.2 COHERO HEALTH, INC.

17.3 NOVARTIS

17.4 ASTRAZENECA

17.5 OMRON CORPORATION

17.6 TEVA PHARMACEUTICALS INDUSTRIES LTD

17.7 VECTURA GROUP

17.8 GLAXOSMITHKLINE

17.9 ADHERIUM LIMITED

17.10 3M

18 DISCLAIMER

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