Rising levels of pollution, use of chemical-based fertilizers and couple of other factors are causing breathing disorders in majority of people across the globe, especially the youngsters. Many surveys claim that the quality of air has gone down and cutting down of trees also worsens this. Today numerous people are suffering from breathing-related ailments like asthma and inhalers are proving extremely handy for them. Inhalers are not effective but also can be carried at any place. This contributes to the growth of the global smart inhaler technology market.
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Unlike several other industries, the global smart inhaler technology market was benefitted by the coronavirus pandemic. Majority of people suffering from breathing problems were under risk of being infected by the dreadful virus as it directly attacked organs of the respiratory system. The demand for inhalers surged during that period.
Among various factors, one of the important factors that is rampantly driving the growth of the global smart inhaler technology market is spike in the number of people susceptible to indoor air pollutants, majorly in underdeveloped and developing nations. Also spike in the number of asthma and COPD patients contributes to this market’s growth.
Meanwhile, stringent rules and regulations imposed by various regulators across the globe will dent the growth of the global smart inhaler technology market. Irrespective of few hindrances, the global smart inhaler technology market will witness massive growth over the forecast period from various nations like India and China. In terms of revenue, the global smart inhaler technology market was valued is witnessing CAGR of 25.2% over the forecast period (2022 – 2030).
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By Distribution Channel, Online Pharmacies Segment will witness fastest growth for The Global Smart Inhaler Technology Market in 2022
Online pharmacies are rapidly managing to carve a niche for themselves. These pharmacies deliver products like inhalers to any part of the globe in very less time, that too at a discounted rate. Purchasing inhalers from online pharmacies is extremely convenient for majority of people and these stores also automatically remind them about buying it at a certain time.
Asia Pacific Region is Expected to Witness Fastest Growth Over the Forecast Period (2022 – 2030) in the Global Smart Inhaler Technology Market
As stated above, highly populated countries like India and China are immensely contributing to the growth of the global smart inhaler technology market. These two countries have seen rise in the levels of pollution which has resulted in surge of asthma patients and other breathing disorders. Growing e-commerce market along with extensive use of social media is ensuring online pharmacies flourish in the region.
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List of key players operating in the global smart inhaler technology market are listed below:
- Aptar Group Inc.
- AstraZeneca Inc.
- BreatheSuite Inc.
- Cognita Labs
- Findair Sp. Zo. O
- GlaxoSmithKline Plc
- Novartis AG
- OPKO Health Inc.
- Next generation
- Philip Morris International Inc. (Vectura Group Plc)
- ResMed Inc.
- Sensirion AG
- Teva Pharmaceutical Industries Ltd.
- Other Market Participants
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Global Smart Inhaler Technology Market Segmentation
The global smart inhaler technology market has been segmented by inhaler type, indication, distribution channel, end user which are further classified into respective countries:
Global Smart Inhaler Technology Market Inhaler Type Outlook (Revenue, USD Million, 2015 - 2030)
- Breath-actuated MDIs (metered-dose inhalers)
- DPIs (dry powder inhalers)
Global Smart Inhaler Technology Market Indication Outlook (Revenue, USD Million, 2015 - 2030)
Global Smart Inhaler Technology Market Distribution Channel Outlook (Revenue, USD Million, 2015 - 2030)
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Global Smart Inhaler Technology Market End User Outlook (Revenue, USD Million, 2015 - 2030)
Global Smart Inhaler Technology Market Regional Outlook (Revenue, USD Million, 2015 - 2030)
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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