The global smart inhalers market is driven by the growing occurrence of breathing disorders and diseases like asthma and chronic obstructive pulmonary disease, along with the increasing technological developments in the market. The markets in regions like the Asia Pacific are set to exhibit lucrative growth due to an increase in the number of vendors tapping the region's unexplored economies. In conjunction with this, the increasing expenditure on healthcare infrastructure and IT development in emerging countries would positively affect the market in this region. Europe is most likely to see substantial growth in the coming years owing to higher product demand from developing countries within the region, such as the United Kingdom, France, and Germany.
The growing technological developments, along with rising M&A activities, are expected to influence the market positively. In the historical period, AstraZeneca PLC (OTCMKTS: AZNCF) and Adherium Limited, two of the key players in the market, formed a digital health partnership to collaborate on the technology used in smart inhalers. Such collaborations are expected to aid the market growth.
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Market Analysis by Product, Indication, Distribution Channel, and Region:
- The market on the basis of products can be divided into inhalers and nebulizers.
- Based on indication, the industry can be bifurcated into asthma and COPD.
- The distribution channels for smart inhalers include hospital pharmacies, retail pharmacies, and online pharmacies.
- The regional markets for smart inhalers include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key Findings of the Report:
- The rising occurrence of breathing problems like COPD and asthma due to the growing pollution is expected to aid the market growth.
- Due to the possession of superior properties and the benefits offered by connected drug delivery devices, patients are now gradually inclining towards smart inhalers from the manual ones, thus, supporting the growth of the market.
- The growing focus on preventive care by the masses is likely to contribute towards the market growth.
Key Offerings of the Report:
- The EMR report gives an overview of the global smart inhalers market for the periods (2018-2023) and (2024-2032).
- The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the products, indications, distribution channels, and major regions of smart inhalers.
- It assesses the regional price trends for the (2018-2023) and (2024-2032) periods.
- The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter's Five Forces models.
The major players in the global smart inhalers market are Adherium Limited, AstraZeneca PLC, Boehringer Ingelheim International GmbH, Cohero Health, Inc., Teva Pharmaceutical Industries Limited, GlaxoSmithKline plc, and Vectura Group plc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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