Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Wearable Asthma Monitor Market size was over USD 1.08 billion in 2024 and is projected to reach USD 3.05 billion by 2037, witnessing around 8.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of wearable asthma monitor is assessed at USD 1.16 billion.
The reason behind the growth is due to the increasing burden of asthma in children which consistently puts a strain on the healthcare system and is generally caused by exposure to tobacco smoke in the surroundings, and exposure to various allergens and irritants in the environment.
For instance, more than 10% of children worldwide reported having asthma symptoms in the previous year, making asthma the most prevalent non-communicable disease in children and contributing significantly to the global disease burden.
The growing technological advancements in wearable devices are believed to fuel the market growth. For instance, A wearable device such as “wearable AI” is being developed through an international collaboration between Canada and Germany, to monitor the symptoms of asthma and COPD, and will aid in analyzing data in almost real-time, safeguarding speech privacy and enabling doctors and patients to act promptly on information.
Wearable Asthma Monitor Sector: Growth Drivers and Challenges
Growth Drivers
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Rising Geriatric Population - The general population's growing longevity will lead to an increase in asthma cases driven by exposure to allergies Animal dander, and smoking which significantly lowers the quality of life, and raises the mortality and hospitalization rates. According to the World Health Organization (WHO), the proportion of people over 60 in the world will increase from around 11 to over 20% between 2015 and 2050.
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Growing Air Pollution - An individual's health can be negatively impacted by air pollution and poor air quality, leading to conditions including a larger percentage of severe asthma since air pollution contains hazardous compounds that have the potential to be damaging to the respiratory system. As per the World Health Organization (WHO), around 7 million people die from air pollution each year in the world.
- Increasing Popularity of Remote Patient Monitoring- Remote patient monitoring devices including wristbands, watches, or patches hold significant potential to support asthma patients and help optimize asthma management since they aid in real-time monitoring, and are considered a suitable substitute for in-person visits.
Challenges
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Security and Privacy Concerns - In terms of device security and privacy, wearable technology is still in its infancy as this technology shares data with other apps and services, and it's frequently unclear how this data is being used. Most of the time, wearables are directly connected to apps, and such apps will have a variety of personal data which enables the majority of hackers to gravitate toward easy targets and look for vulnerabilities.
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Slow Commercial Production of Wearable Monitors Owing to Shortage of Technologies and Other Resources
- Lack of Awareness Due to Limited Marketing Efforts and Lack of Educational Campaigns in Lower Economic Regions
Wearable Asthma Monitor Market: Key Insights
| Report Attribute | Details |
|---|---|
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
8.3% |
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Base Year Market Size (2024) |
USD 1.08 billion |
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Forecast Year Market Size (2037) |
USD 3.05 billion |
|
Regional Scope |
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Wearable Asthma Monitor Segmentation
Product (Wearable Patches, Wearable Wrist Bands, Wearable Respiratory Monitoring System)
The wearable patches segment in the wearable asthma monitor market is estimated to gain a robust revenue share of 40% in the coming years. Recent rapid advancements in computer microchip technology may soon allow asthma sufferers to stop using their inhalers as researchers, have created a patch that includes sensors that track a patient’s movement, heart rate, respiratory rate, and the amount of oxygen in the blood. Besides this, in November 2021 Respira Labs introduced an AI-powered chest wearable with embedded microphones and speakers, Sylvee for monitoring lung health in general. Furthermore, it is designed to be worn on the lower rib cage by patients to measure lung air volume.
Additionally, to anticipate and prevent asthma episodes, scientists have created a wearable sensor system, which resembles a wristband that aids in real-time monitoring of the wearer's activity level, heart rate, and exposure to ozone from the environment. Moreover, the wristband primarily monitors atmospheric ozone and volatile organic chemicals, among other environmental parameters, and notifies healthcare providers of some extraordinary events about their treatment.
Application (Hospital, Homecare)
Wearable asthma monitor market from the homecare segment is set to garner a notable share shortly. A home remedy for an asthma attack does not exist however, symptoms can be reduced to avert asthma attacks and manage the condition better by using wearable devices incorporated with a variety of sensors to provide ongoing patient monitoring.
Physicians can help treat children with asthma at home by using wearable gadgets, such as spirometers, and peak flow meters which help in measuring heart rate, respiration rate, and cough volume and alert about an asthma episode using this information. For instance, a spirometer is perfect for remote COPD and asthma management as it can also be manually connected to the patient's phone to record peak flow readings, and to forecast when their symptoms may get worse.
Our in-depth analysis of the global market includes the following segments:
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Product |
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Technology |
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Application |
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Wearable Asthma Monitor Industry - Regional Synopsis
North American Market Forecast
Wearable Asthma Monitor market in North America industry is anticipated to account for largest revenue share of 40% by 2037 impelled by the increasing spending in healthcare. This has led to an increase in the development of more efficient, convenient, comfortable, and appealing to children, wearable technologies, for the management of respiratory diseases in the region.
As per estimates, the amount spent on health care in the United States increased by more than 4% in 2022, or around USD 13,492 per person.
APAC Market Statistics
The APAC Wearable Asthma Monitor market is estimated to be the second largest, during the forecast timeframe led by the increasing patient knowledge about respiratory disorders such as asthma. People in the area are therefore seeking a prompt diagnosis for overcoming the illness, which may necessitate the use of promising telemonitoring instruments such as wearable technology for continuous monitoring. Additionally, India has emerged as the world's third-largest market for wearable gadgets, owing to the declining costs and anticipated increases in usage. For instance, India’s wearable market grew by more than 37% year over year in the second quarter of 2023.
Companies Dominating the Wearable Asthma Monitor Landscape
- Abbott Laboratories
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Airways Surgical Pvt. Ltd.
- Besmed Health Business Corp.
- Braun & Co. Ltd.
- Medline Industries Inc.
- Smiths Medical Inc.
- Flexicare (Group) Ltd.
- For Care Enterprise Co. Ltd.
- JG Moriya
- SunMed
- Fisher & Paykel Healthcare
Recent Developments
- Flexicare (Group) Ltd. announced a partnership with a leading healthcare improvement company, Premier, Inc. to offer a leading line of respiratory products that improve patient care, such as laryngeal mask airway and laryngoscope, encourage the highest level of dedication through group purchases of superior goods and services, and attain best-in-market pricing.
- SunMed announced the acquisition of Avanos, a medical technology company to purchase all of the assets which include endotracheal tubes, closed suction catheters, and oral care products to provide its clients superior anesthetic and respiratory care services.
Author Credits:
- Report ID: 3919
- Published Date: Jan 03, 2025
- Report Format: PDF, PPT
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Wearable Asthma Monitor Market Report Scope
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