PUBLISHER: SkyQuest | PRODUCT CODE: 1244359
PUBLISHER: SkyQuest | PRODUCT CODE: 1244359
Global Intelligent Asthma Monitoring Devices Market size was valued at USD 179.8 million in 2021, and it is projected to reach a value of USD 1694.8 million by 2028, at a CAGR of 25.15% during the forecast period (2022-2028).
The term "global intelligent asthma monitoring devices market" represents a market for medical devices that monitor and regulate asthma symptoms using trying to cut technologies such sensors, smartphone apps, and cloud-based data analytics. To help with improved asthma management and lower the risk of asthma attacks, these devices offer real-time data and insights to both patients and medical professionals.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Intelligent Asthma Monitoring Devices market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report
Global Intelligent Asthma Monitoring Devices Market is segmented into product, end user, and region. Based on product, the market is segmented into wearable asthma monitoring devices, smart inhalers, inhalers, dry powdered inhalers (DPI's), Metered dose inhalers (MDI's), and nebulizers. Based on end-user the market is segmented into hospitals, clinics, and home use. Based on region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.
Driver
The rising prevalence of asthma around the world is one of the primary drivers of demand for intelligent asthma monitoring devices. Asthma affects an estimated 235 million people globally, and that number is expected to continue expanding, according to the World Health Organization. The need for intelligent asthma monitoring devices is also being driven by the expanding acceptance of smart healthcare technologies and the rising desire for customized healthcare solutions.
Restraint
The high price of these devices, which can prevent their adoption, particularly in low-income nations, is a barrier for the market for sophisticated asthma monitoring devices worldwide. The market is also significantly constrained by the fact that both patients and healthcare professionals are not conscious of the benefits of intelligent asthma monitoring devices. Additionally, the use of these devices may be limited by regulatory obstacles and the lack of reimbursement schemes in some areas.
Market Trends
The use artificial intelligence (AI) and machine learning (ML) technologies to analyse and understand the data generated by these devices is one of the significant developments in the market for intelligent asthma monitoring devices globally. Asthma management strategies for each patient may be better customized as a result, and asthma diagnosis and care could be more precisely given. Asthma wearables like smart inhalers and wristbands are becoming incredibly common, and this is encouraging the creation of smaller, more user-friendly gadgets. The market is also seeing an increase in the integration of these devices with electronic health record (EHR) systems, which can improve the coordination of treatment between health care providers and patients.