Intelligent Asthma Monitoring Devices Market Size, Trends, Opportunities, Innovations & Forecast till 2025
According to a new report published by KD
Market Insights, titled,"Intelligent
Asthma Monitoring Devices Market by
Product and End User: Global Opportunity Analysis and Industry Forecast, 2018 -
2025,"the global intelligent asthma monitoring devices market was valued
at $20 million in 2017, and is expected to reach $655 million by 2025, growing
at a CAGR of 54.5% from 2018 to 2025.
Intelligent asthma monitoring devices are
devices used to monitor asthma and prevent asthma attacks related
complications. Growth in geriatric population and increase in cases of asthma
drive the growth of the global intelligent asthma monitoring devices market.
Moreover, some of the factors such as increase in healthcare expenditure and
better clinical outcomes fuel the market growth. However, product recall and
lack of skilled healthcare professionals are expected to hinder the growth of
the global market.
Based on product, the global intelligent
asthma monitoring devices market is segmented into wearable asthma monitoring
devices and smart inhalers. Smart inhaler segment is further bifurcated into
inhalers and nebulizers. Inhalers segment is further bifurcated into dose
metered inhalers (DMIs) and metered dose inhalers (MDIs). Currently, smart
inhalers segment is leading the market and is estimated to grow at the fastest
rate.
Based on end user, the global intelligent
asthma monitoring devices market is classified into hospitals, clinics, and
home use. Presently, hospital segment is dominating the global market and is
estimated to grow during the forecast period. Whereas, home use segment is expected
to show fastest growth in the market during the forecast period due to increase
in the number of phone-based apps and smart inhalers that can be handled with
ease.
Key Findings of the Intelligent Asthma
Monitoring Devices Market:
- Based on product, the smart inhaler segment
is expected to experience rapid growth in the market and is projected to grow
at a CAGR of 57.0% from 2018 to 2025.
- Based on end user, the hospital & clinic segment held approximately half of the global market share in 2017 and is expected to remain dominant throughout the forecast period.
- Based on region, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 56.7% during the forecast period.
- Based on end user, the hospital & clinic segment held approximately half of the global market share in 2017 and is expected to remain dominant throughout the forecast period.
- Based on region, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 56.7% during the forecast period.
Browse Full Report & TOC: https://www.kdmarketinsights.com/product/intelligent-asthma-monitoring-devices-market-amrr
North America accounted for approximately
one-half of the global market share in 2017 and is expected to remain dominant
throughout the forecast period. This is attributed to the rise in demand for
smart inhalers, increase in number of asthma patients and asthmatic attacks,
higher number of trained medical professionals, and rise in geriatric
population. While Asia-Pacific is expected to experience the highest growth
rate during the forecast period majorly due to rise in number of asthma
patients and increase in adoption of intelligent asthma monitoring devices.
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