Global Asthma Monitoring Devices Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts to 2030

Global Asthma Monitoring Devices market accounted 73.5 USD billion in 2020 and is expected to reach 5620.7 USD billion by 2030 growing with a CAGR of 54.30% during the forecast period.Asthma is persisting for long term disease among children which fall off with age. It is a complex inflammatory disease expected to be caused by genetic mutation or other environmental factors and also attack can be deadly if not addressed or treated on time. The health monitoring and tracking of treatment of asthma patients are critical in the management of asthma. According to the World Health Organization (WHO), 235 million people across the globe were affected with asthma in 2017 and the disease accounted for 383,000 deaths globally in 2015. Hence, Asthma monitoring devices are used to detect the symptoms of asthma for avoiding and preventing the asthma attack and its serious complications. These monitoring devices are equipped with secondary app, which helps medical practitioner in analysing the level and symptoms of asthma. These devices are non-invasive devices which have various parameters to monitor the patients’ health, treatment compliance, on set of asthma attack. The management requires patient’s active commitment to engage in self-monitoring routines such as symptom-based and peak expiratory flow (PEF) monitoring. This is done at hospitals and clinics, and even at home care settings. Advanced technology in medical sector is introduced new wearable asthma monitors and many devices including improved biomarker sensors, connected health care, and compact designing are in the development phase.
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Market Dynamics and Factors:
As the number of asthma cases is rising, demand for developed precise monitoring devices is major driver for the growth of the global asthma monitoring devices market. Moreover, considerable increase in the incidences of asthma is due to rise in allergic reactions towards pollen, dust, and other allergens; and also increases in geriatric population are some of the other factors which will drive the asthma monitoring devices market. However, the high cost and relatively low patient compliance to use this device is responsible to restrain the market growth. Moreover, advancements in the physiological monitoring of asthma using various sensor and smart mobile devices are creating immense opportunities for the market growth during forecast timeframe. Further, the telecommunication industry is enhancing the product development and launching marketing strategy to provide exquisite customer experience to consumers across the population, which is expected to fuel the growth of the global asthma monitoring devices market during the forecast time frame. To design a portable, low cost and easily accessible device for asthmatics is considered to be the challenge for asthma monitoring devices market.
Market Segmentation:
Global Asthma Monitoring Devices Market – By Product
Wearable Asthma Monitoring Devices
Smart Inhalers
Dry Powdered Inhalers
Metered Dose Inhalers
Nebulizers
Global Asthma Monitoring Devices Market – By End-User
Hospitals
Clinics
Home Use
Global Asthma Monitoring Devices Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is considered to account for a leading share of the global asthma monitoring devices market during the forecast period, owing to high adoption of technically advanced medical devices and awareness for personalized health care facilities in the region. Moreover, most of the key manufacturers are based in the U.S., which is anticipated to augment the growth of the asthma monitoring devices market. According to, the Centres for Disease Control & Prevention of the U.S., around 26 million Americans were affected with asthma in 2016. The incidence rate of asthma is propelling among the children due to increasing susceptibility to various airborne allergens and other associated risk factors. Asia pacific is expected to fastest growth of the global asthma monitoring devices market due to a high population base, awareness about asthma monitoring, healthcare infrastructure development, and an increase in several asthma patients and asthma attacks Additionally, Europe is expected to account for a significant share of the market during the forecast period due to well-established health care infrastructure and increasing demand for preventive health care in this region.
Competitive Scenario:
The key players of global asthma monitoring devices markets are Vectura Group plc. Respiri Limited, Teva Pharmaceutical Industries Ltd. (Gecko Health Innovations), Propeller Health, Adherium Limited, Qualcomm Life, Microlife Corporation, Philips Healthcare, GlaxoSmithKline plc., Volansys Technologies, and Health Care Originals.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Asthma Monitoring Devices industry, although key threats, opportunities and disruptive technologies that could shape the Global Asthma Monitoring Devices Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Asthma Monitoring Devices Market most.
The data analysis present in the Global Asthma Monitoring Devices Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Asthma Monitoring Devices Market business.
The 2021 Annual Global Asthma Monitoring Devices Market offers:
100+ charts exploring and analysing the Global Asthma Monitoring Devices Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Asthma Monitoring Devices Market type
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