The smart inhaler market will generate revenue worth over US$1 billion with a whopping CAGR of 23.5%. end of 2031

Smart Inhalers Market 2022-2031

New study reports Smart Inhalers Market 2022 Global Market Opportunities, Challenges, Strategies and Forecasts 2031″ has been added on PMR.

Introduction/Summary of the report:

This report offers an in-depth study ofsmart inhaler market using SWOT analysis i.e. strength, weakness, opportunities and threat to the organization. The Smart Inhalers Market report also provides an in-depth investigation of major market players based on various objectives of an organization such as profiling, product outline, production quantity, required raw material, and financial health of the organization.

This updated analysis on the smart inhaler market by Persistence Market Research predicts that the industry will grow at a CAGR of 23.5% and reach a net worth of US$1 billion by the end of the decade.

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Respiratory disorders such as asthma and COPD have become more common over the past decade, and this trend is also expected to continue throughout this decade. With more cases of respiratory problems being recorded, the demand for treatment and therapies for these disorders has also subsequently increased.

Adoption of smart inhalers is expected to increase as more healthcare professionals recommend them and their effectiveness in administering and tracking medications materializes. Increased medical adherence, reduced treatment costs, improved and better outcomes, and the ability to track and maintain a record of clinical data are some of the factors expected to propel the adoption of smart inhalers.

Key players:

The report has profiled some of the important players prevailing in the world like GlaxoSmithKline Plc., Teva Pharmaceutical Industries Ltd., Novartis AG, AstraZeneca plc, Boehringer Ingelheim International GmbH, Aptar Pharma (AptarGroup, Inc.), Propeller Health, OPKO Health Inc., H&T Presspart Manufacturing Ltd., Sensirion AG and Cohero Health Inc. , and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future prospects in the Smart Inhalers market.

Leading smart inhaler manufacturers are investing to reach untapped markets and focus on increasing product awareness. They are also adopting both organic and inorganic strategies to drive sales across all regions.

  • In July 2019, Teva Pharmaceutical, a renowned pharmaceutical company, announced that it had obtained FDA approval for its AirDuo Digihaler. The product is a sensor inhaler that sends usage data to a smartphone, and this information may also be shared with a medical provider.
  • In May 2021, RYAH Medtech Inc. signed an agreement with exclusive product distribution and software development rights to its French partner, Delled SAS, for the RYAH smart inhaler.

Key insights from market research

  • The smart inhaler industry is expected to grow at an impressive CAGR of 23.5% through 2031.
  • The Chinese market is expected to grow at the fastest rate until 2031.
  • The adoption of smart inhalers in North America is high and the market in this region represents a dominant share in the global landscape.
  • Lack of awareness in underdeveloped economies is a major restraining factor for market growth.
  • By 2031, the global market for smart inhalers is expected to be worth more than US$1 billion.
  • Increased medical adherence, growing proliferation of technology in the medical industry, and increasing awareness about the benefits of smart inhalers are some of the factors driving the growth potential of the market.

“To utilize the full revenue potential of the market, manufacturers of smart inhalers should increase product awareness and adoption in developing regions,” says an analyst at Persistence Market Research.

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Regional Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (United States, Canada, Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
Asia-Pacific (China, India, Japan, Southeast Asia, etc.)
South America (Brazil, Argentina etc.)
Middle East and Africa (Saudi Arabia, South Africa, etc.)

Main stakeholders
Smart Inhalers Market Manufacturers
Distributors/Traders/Wholesalers of Smart Inhalers Market
Smart Inhalers Market Sub-component Manufacturers
industry association
Downstream Suppliers

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Key Questions Answered in the Smart Inhalers Market Report

How is the smart inhaler market expected to grow during the projected period?

What direction is the Smart Inhalers market expected to take in terms of volume and value during the forecast period?

What is the impact of macroeconomic factors on the smart inhaler market in the future?

What are the key market drivers in the smart inhaler market?

What are the important opportunities and improvement areas for manufacturers in the Smart Inhalers market?

What are the major developments and trends taking over the smart inhalers market?

Which are the emerging countries that are expected to create significant growth opportunities in the smart inhalers market?

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