Wearable Asthma Monitor Market Trends

Growth Drivers

• 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.

• 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

• 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.

• 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