PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1303564
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1303564
Global Intelligent Asthma Monitoring Devices Market is valued at approximately USD 282.48 million in 2022 and is anticipated to grow with a healthy growth rate of more than 25.1% over the forecast period 2023-2030. Intelligent asthma monitoring devices are innovative tools that use advanced technology to help individuals with asthma manage their conditions more effectively. These devices are designed to track and monitor various parameters related to asthma, such as lung function, symptoms, medication usage, and environmental triggers, to provide valuable insights and feedback for better asthma management. The Intelligent Asthma Monitoring Devices market is expanding because of factors such as growing geriatric population and surge in incidence of asthma cases. Intelligent asthma monitoring devices can also help users track their medication usage, including inhaler technique, frequency, and dosage. This can help individuals adhere to their prescribed medication regimen and avoid overuse or underuse of asthma medications, leading to better symptom control and reduced risk of asthma exacerbations. Its prevalence has progressively increased during the last few decades.
According to the World Bank Group, In 2020, the world's elderly population was 727 million, and it is expected to triple over the next three decades, reaching 1.5 billion in 2050. Furthermore, geriatric and obese populations are predisposed to chronic diseases. As per the Asthma and Allergy Foundation of America, asthma is common in adults aged 65 and older. Around 7.8% of older adults in the United States have asthma. Another important component driving space increase is rising incidence of asthma cases. As per Statista, the number of cases of asthma in senior citizens across India in 2050 was forecasted to be about 25.4 million. In addition, in 2020, in the United States, the highest percentage of current asthma was reported for the age group ranging from 15 to 34 years, with a total value of 8.9%. Also, increased focus toward advanced treatment protocols and rising healthcare expenditure. would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Intelligent Asthma Monitoring Devices stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Intelligent Asthma Monitoring Devices Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising investment in modern healthcare technologies and government support and funding for research & development. According to the American College of Allergy, Asthma & Immunology, in 2020, Asthma affects 8.3% of the American population, including 20.4 million adults and 6.1 million children. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising geriatric populations and increasing prevalence of asthma in the market space.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable