Rising expenditure on healthcare is the major factor driving the smart inhalers market. As these inhalers help in controlling as well as regularizing the patient’s medicinal adherence. Though the market is in its infancy as of now, the advantages offered are bound to bolster the smart inhalers market in the upcoming period. Persistence Market Research has delved deep into the smart inhalers market through its latest market study entitled “Smart Inhalers Market”.
The way the Smart Inhalers Market is categorized
The global smart inhalers market, by type of product, spans MDI-based and DPI-based. By diagnosis, it’s COPD and asthma. By distribution channel, it’s online pharmacies, retail pharmacies, and hospital pharmacies. Out of these, online pharmacies hold the largest market share, especially after social distancing being in place. Persistence Market Research has analysed these facts and figured along with probable calls to action in its latest market study entitled “Smart Inhalers Market”.
North America holds the largest market share owing to high-class healthcare infrastructure coupled with an increasing number of people suffering from chronic obstructive pulmonary diseases and asthma and growing aging population. Europe stands second on the similar grounds. The Asia-Pacific is expected to grow at the fastest rate in the smart inhalers market in the forecast period. This could be reasoned with increase in awareness regarding the usage of smart inhalers. LATAM and MEA are expected to catch up with the passage of time. Persistence Market Research has enlisted these facts with insights in its latest market study entitled “Smart Inhalers Market”.
Staying ahead of the Curve through Competition
Persistence Market Research has profiled the key players in smart inhalers market as Adherium, Propeller Health, Cohero Health Inc., GlaxoSmithKline, AstraZeneca plc, Novartis AG, 3M Company, Teva Pharceuticals, Vectura Group, and likewise. It has gone further with mentioning about collaboration between Novartis and Propeller Health in August 2020 for connecting digital health platform to Atectura Breezhaler and Enerzair medications to control asthma in Japan. The asthmatic patients could look through their health conditions by downloading “Propeller” app on their smartphones.
Coming to the other courses of developments, Persistence Market Research has stated that Aptar Group, Inc., in April 2020, entered into collaboration with China-based Sonmol to develop digital therapies as well as services platform emphasizing on respiratory disorders. This has, in turn, bolstered the demand for smart inhalers and the connected devices in the form of platforms for improving health conditions in the patients. Also, Teva Respiratory, LLC, in February 2020, announced that the US FDA had approved its ArmonAir Digihaler (inhalation powder). The target audience is asthamatic patients aged 12 and above.
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Additionally, Clin-e-cal, in October 2020, did raise a substantial amount on Crowdcube, a crowdfunding platform. The basic objective of this funding would be commercialization and upscalation of smart inhaler monitoring technology for analysis of sound signals related to smart inhalers, thereby providing real-time feedback pertaining to inhalation techniques. Plus, in January 2020, Aptar collaborated with Lupin for launching its very first connected device for the MDI inhalers. Persistence Market Research has not missed to mention these developments as well.
The global smart inhalers market is slated to go great guns between 2021 and 2031 – Persistence Market Research