Smart Asthma Monitoring Device Market size is set to reach USD 2 Billion by the end of 2035, growing at a CAGR of 25% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of smart asthma monitoring device was around USD 950 Million. The market is predicted to grow with the escalating incorporation of smart inhalers. Smart inhalers are developing as one of the most significant areas of pharmaceutical engagement in digital health. In order to improve the management of asthma and enhance the effectiveness of medication key market players are promoting the use of smart inhalers this is expected to boost the market in the projected period.
Besides, significant market players all across the globe are highly investing in the development of monitoring devices for the enhanced treatment of asthma. One of the key factors driving the growth of the smart asthma monitoring devices sector is the emphasis of these companies on developing products that can help patients and doctors learn more about asthma, improve symptoms and outcomes, and have automated communication for patients and doctors to know what's going on in between visits. In the United States, tens of millions of individuals utilize MDIs. The total quantity of medicine that reaches the lungs can be significantly influenced by techniques like moving the MDI 10-15 times and controlling the sequence and location of breaths. One hundred users of inhalers utilize 90 of them improperly, and 66 forget to take their medication.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023 – 2035 |
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CAGR |
~25% |
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Base Year Market Size |
~USD 950 million |
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Forecast Year Market Size |
~USD 2 billion |
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Regional Synopsis |
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End Users (Hospitals, Specialty Clinics, Home Care)
The hospital segment is expected to hold 40% share of the global smart asthma monitoring device market by the end of 2035. This can be attributed to the increasing demand for hospital-based environments for the treatment of acute serious asthmatic problems and also owing to the high incorporation of smart inhalers for instance dry powdered inhalers and metered dose inhalers.
Moreover, the accessibility of healthcare professionals who offer multiple guidance on the successful handling of monitoring devices is expected to boost the growth of the segment.
Product (Wearable Monitors, Smart Inhalers, Breath Analyzer, Nebulizers)
Smart asthma monitoring device market from the smart inhaler segment is anticipated to observe the largest revenue in the forecast timeframe. With the surge in the integration of smart inhalers in emerging economies, and the escalating demand for smart inhalers that can accurately record the time & monitor adherence and can be digitally connected to the app.
Our in-depth analysis of the global market includes the following segments:
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Product |
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Device |
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End User |
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North American Market Forecast
The smart asthma monitoring device market in North America is estimated to garner the highest market share of 38% in the projected period. The regional market growth can be attributed to the high incidence of asthma in developed nations. According to the Asthma and Allergy Foundation of America (AAFA), over 25 million Americans deal with asthma, including 5.1 million children below the age of 18.
Healthcare experts believe that asthma is directly related to urbanization, as the urban lifestyle includes more exposure to air pollution, which is among the major causes of high cases of asthma in the U.S.
APAC Market Statistics
In the Asia Pacific region, the smart asthma monitoring device market is expected to grow significantly throughout the projected period. The regional market growth can be estimated on the back of the high geriatric population, along with the rising cases of asthma, as older people are more vulnerable to respiratory diseases, especially in India and China. In China, more than 4.2% population gets affected by asthma which is 45.7 million Chinese adults in which most of whom are old people.
Moreover, the growing adoption of innovative medical equipment in the APAC region is estimated to boost market expansion.
Author Credits: Radhika Gupta, Shivam Bhutani
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