According to a recently published report by Research Nester on “Smart Pediatric Inhalers Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global smart pediatric inhalers in terms of market segmentation by product, by indication, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Global smart pediatric inhalers market segmented by product, indication and end user. Based on product, the market is segmented into Inhalers (sub- segmented into Dry Powder Inhalers (DPIs) and Metered Dose Inhalers (MDIs)) and Nebulizers). On the basis of indication, the market is segmented into Asthma and Chronic Obstructive Pulmonary Disease (COPD)). On the basis of end user, the market is segmented into hospitals, clinics, pharmacy shops and others. The global smart pediatric inhalers market is anticipated to record a CAGR of around 18% during the forecast period i.e. 2019-2027. Asthma segment by indication is anticipated to have significant growth on account of it being the most prevalent respiratory disease which is expected to become more prevalent due to increasing pollution.
North America is expected to have leading market share owing to stupendous market growth in tobacco smokers and continuous technological advancements by the players in the region. Smart LA with the support of Blue Shield California Foundation, Los Angeles County Department of Public Health and the Asthma Coalition of Los Angeles County to equip the children with smart inhalers. These sensors are bluetooth sensors with equipped devices attached to asthma medication to track the time and location of usage, patients are reminded to take their medicine and avoid polluted areas with the help of inhalers and smartphones. Europe is expected to grow significantly attributing to the increasing number of pediatric patients suffering from asthma and strategic collaboration between pharmaceutical and software companies to provide a smart inhaler system. Asia- Pacific is expected to be the fastest growing regional segment during the forecast period on the back of increasing geriatric patients suffering from chronic pulmonary illness and upcoming players in the region who are giving tough competition to the major existing players.
Due to increase in indoor and outdoor pollution, the children are becoming more prone to chronic respiratory problems which will increase the demand for smart pediatric inhalers which is expected to boost the growth of the smart pediatric inhalers market.
Monitor medicine dosage
The smart pediatric inhalers help the doctors to monitors the dosage of the medicines to be taken by their patients and provide them with their schedule. These smart inhalers are smart enough to remind the patients about when to take their medicine and track their dosage and can also warn them about avoiding polluted areas near them, which is expected to boost the growth of the smart pediatric inhalers market.
However, high cost of asthma and COPD treatment and threat of misuse of data are expected to be the key restraints towards the growth of global smart pediatric inhalers market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global smart pediatric Inhalers market which includes company profiling of Amiko, Adherium, Cohero Health, 3M Healthcare, OPKO Health, Propeller Health, Philips Respironics, Sensirion AG, Teva Pharmaceutical Industries and Vectura Group. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Global Smart Pediatric Inhalers Market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.