How is the Intelligent Asthma Monitoring Devices Market Poised for Growth: Trends and Opportunities Through 2034
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How has the intelligent asthma monitoring devices market size evolved in recent years?
The market for intelligent asthma monitoring devices has seen robust growth over previous years. The market is poised to expand from $1 billion in 2024 to $1.08 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 8.5%. Factors contributing to this historic period growth include updates in asthma diagnostic guidelines, a supportive legislative framework, a rise in approvals for asthma monitoring hardware, an increased emphasis on preventive healthcare, and improved adherence to smart inhalers.
What are the predictions for the intelligent asthma monitoring devices market size in the coming years?
The market for intelligent asthma monitoring devices is projected to witness substantial growth in the coming years, expanding to $1.48 billion in 2029 with an 8.1% compound annual growth rate (CAGR). This escalation during the forecasted period is predominantly fueled by the rise in respiratory diseases, upsurge in the elderly population, urbanization and environmental degradation, growth in asthma incidences, and the global population growth. Key trends anticipated in this period include partnerships between pharmaceutical firms and smart inhaler providers, smartphone applications and mHealth solutions for managing asthma, AI-driven algorithms, machine learning for early asthma attack prediction, and synergy of smart inhalers with digital health platforms.
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What key factors are fueling the growth of the intelligent asthma monitoring devices market?
The increase in respiratory diseases is anticipated to drive the expansion of the intelligent asthma monitoring device market. Respiratory diseases encompass a wide array of health issues impacting organs and tissues utilized in breathing. Factors such as heightened air pollution, smoking, urbanization, and a growing older population are notably contributing to the surge in respiratory diseases. Intelligent asthma monitoring gadgets offer real-time information about lung function and environmental factors, which allow for the early detection of symptoms and adjustments in personalized treatment. This enhances both the management of the disease and the quality of life for those suffering from respiratory diseases. For example, in December 2023, the American Lung Association, an organization based in the US, revealed that in 2022, 5.09 million males were diagnosed with COPD (chronic obstructive pulmonary disease) – an increase from the 4.82 million cases reported in 2021. Thus, the rise in respiratory diseases is fueling the growth of the intelligent asthma monitoring device market.
How is the global intelligent asthma monitoring devices market divided into key segments?
The intelligent asthma monitoring devices market covered in this report is segmented –
1) By Product: Wearable Asthma Monitoring Devices, Smart Inhalers, Inhalers, Dry Powdered Inhalers, Metered Dose Inhalers, Nebulizers
2) By Technology: Manually Operated Inhalers, Digitally Operated Inhalers, Other Technologies
3) By End User: Hospitals, Clinics, Retail Pharmacies, Online Pharmacies, Other End Users
Subsegments:
1) By Wearable Asthma Monitoring Devices: Smartwatches For Asthma Monitoring, Wearable Sensors And Patches
2) By Smart Inhalers: Bluetooth-Enabled Inhalers, Smart Inhalers With Medication Tracking
3) By Inhalers: Metered Dose Inhalers (MDI), Dry Powdered Inhalers (DPI)
4) By Dry Powdered Inhalers: Single-dose DPIs, Multi-Dose DPIs
5) By Metered Dose Inhalers: Conventional MDIs, MDIs With Dose Counters
6) By Nebulizers: Jet Nebulizers, Mesh Nebulizers, Ultrasonic Nebulizers
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Who are the key firms paving the way for growth in the intelligent asthma monitoring devices market?
Major companies operating in the intelligent asthma monitoring devices market are AstraZeneca plc, 3M Company, Boehringer Ingelheim International GmbH, Teva Pharmaceuticals Industries Ltd., ResMed Inc, Aptar Pharma Inc, OPKO Health Ltd, Sensirion AG, Vectura Group plc, Circassia Pharmaceuticals, Propeller Health, Vitalograph Ltd, Volansys Technologies Pvt Ltd, Amiko Digital Health Inc, Pneuma Respiratory Inc, Quvium, FindAir Sp. z o., Monitored Therapeutics Inc, Respiri Ltd, NuvoAir AB, Health Care Originals Inc, AEvice Health
What are the key trends shaping the future of the intelligent asthma monitoring devices market?
Major firms in the intelligent asthma monitoring devices market, such as CMI Health Inc., are enhancing their competitiveness by focusing on developing innovative solutions like app-based asthma management platforms. These are mobile applications that assist users in tracking their asthma symptoms, give reminders to take medication, and monitor peak flow. They provide bespoke tips for superior asthma management and aim to increase adherence to treatment schedules. For example, in May 2023, CMI Health Inc., a medical equipment manufacturer in the U.S, introduced AsthmaGo. This platform is designed to enable people with asthma to monitor and manage their condition at home, integrating with devices such as the SpiroLink spirometer and OxyKnight oximeter for real-time data monitoring and sharing with healthcare providers.
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What regions are contributing significantly to the growth of the intelligent asthma monitoring devices market?
North America was the largest region in the intelligent asthma monitoring devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intelligent asthma monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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