A Professional Survey done by The Insight partners has formulated a report titled “Smart Inhalers Market”, which instills a crisp idea of the influential aspects affecting the growth of the market. It gives the new entrants a clear idea of all the business strategies incorporated by the key players, which is helping them regulate their trade success. It serves a reliable business tool helping the reader to understand the global and domestic scope of the market.
The global smart inhalers market expected to be US$ 1,094.26 Mn in 2018 and is predicted to grow at a CAGR of 25.5% during the forecast period 2019 – 2027, to reach US$ 8,033.21 Mn by 2027.
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Few of the main competitors currently working are –
GlaxoSmithKline plc, Adherium Ltd., Vectura Group plc, Novartis AG, Findair Sp. z o. o., Cohero Health, Crux Product Design Ltd, Teva Pharmaceuticals, 3M, Amiko Digital Health Limited.
The market for smart inhalers is expected to grow, owing to factors such as increasing levels of air pollution as well as the rise in the smoking habits, rising prevalence of asthma and COPD across the globe and growing geriatric population. In addition, growth in the global healthcare market and increasing usage of smartphones, tablets & pads are likely to have a positive impact on the growth of the market in the coming years.
Europe is the second largest geographic market and is expected to be the second most significant revenue contributor throughout the forecast period. The region has witnessed several technological advancements in the field of healthcare by the incorporation of digital technology in order to increase the efficiency of healthcare facilities in the region. The growth is driven by factors such as the prevalence of air pollution, increased smoking habits among the European population as well as the rising focus by market players in the European countries.
Strategic Insights
There have been limited developments made in the smart inhalers market during recent years. However, growth strategies such as approvals, collaborations, and partnerships have been witnessed in the market of smart inhalers. For instance, during July, 2018 Adherium received FDA approval for its Hailie sensor, which can be used along with ProAir HFA, Ventolin HFA, and Flovent HFA asthma inhalers. Also, during August 2018, Novartis AG and Propeller Health entered into a collaboration for the development of custom add-on sensor for the Breezhaler inhaler, a device intended to be used for the treatment of COPD.
SMART INHALERS – MARKET SEGMENTATION
By Product
– Inhalers
– Nebulizers
By Disorder
– Asthma
– Chronic Obstructive Pulmonary Disease (COPD)
By End User
– Home-care Settings
– Hospitals & Clinics
Reasons for buying this report:
-It offers an analysis of changing competitive scenario for making informed decisions in the businesses.
-it offers analytical data with strategic planning methodologies.
-It offers a seven-year assessment of Smart Inhalers Market.
-It helps in understanding the major key product segments.
-Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities.
-It offers a regional analysis of Smart Inhalers Market along with business profiles of several stakeholders.
-It offers massive data about trending factors that will influence the progress of the Smart Inhalers Market.
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Chapter Details of Smart Inhalers Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Smart Inhalers Market Landscape
Part 04: Smart Inhalers Market Sizing
Part 05: Smart Inhalers Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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