According to a recently published report by Research Nester on “Global Smart Pediatric Inhalers Market Outlook: Industry Insights & Opportunity Assessment 2019–2027” delivers detailed overview of the global smart pediatric inhalers market in terms of market segmentation by product, by indication, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Smart inhalers are the devices that provide data wirelessly through cloud, internet or mobile applications. These devices track the usage of the dose as and when taken by the patients and also alert the patients through timely reminders. These smart inhalers are smart enough to remind the patients about when to take their medicine and track their dosage and can also warn them about avoiding polluted areas near them is estimated to boost the growth of the global smart pediatric inhalers market with a CAGR of 18% over the period 2019-2027.
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The global smart pediatric inhalers market is segmented by product, indication and end user. By indication, the asthma segment is anticipated to have a dominant market share owing to the fact that asthma is the most prevalent respiratory disease and is anticipated to increase with increasing pollution. The product segment is divided into Inhalers (sub- segmented into Dry Powder Inhalers (DPIs) and Metered Dose Inhalers (MDIs)) and Nebulizers). Indication segment is divided into Asthma and Chronic Obstructive Pulmonary Disease (COPD)). End user segment is divided into hospitals, clinics, pharmacy shops and others.
Increasing Indoor and Outdoor pollution to Boost the Demand for Smart Pediatric Inhalers in Future
The global smart pediatric inhalers market is thriving on the back of increasing prevalence of respiratory diseases among pediatric population. Due to both indoor and outdoor pollution, the children are anticipated to gather respiratory problems quickly which will increase the demand for smart pediatric inhalers.
Launch of innovative applications- With increasing prevalence of chronic respiratory diseases, the medicines manufacturers have launched innovative applications and wireless services to enhance drug delivery and patient compliance which will propel the demand for smart pediatric inhalers.
North America is expected to have leading market share owing to significant growth in tobacco smokers and continuous technological advancements by the players in the region. Europe is expected to grow substantially attributing to the increasing number of pediatric patients suffering from asthma and strategic collaboration between pharmaceutical and software companies to provide a smart inhaler system. Asia-Pacific is expected to be the fastest growing regional segment during the forecast period on the back of increasing geriatric patients suffering from chronic pulmonary illness and upcoming players in the region who are giving tough competition to the major existing players.
Asthma and COPD are the most prevalent chronic respiratory diseases that occur among children and their treatment cost is high which can be difficult to afford by the low-income and middle-income families. As the smart inhalers are connected to the smartphones and other smart devices of the users, the personal data of the users can be misused or extracted from their devices without their permission. These factors will inhibit the growth of the smart pediatric inhalers.
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This report also provides the existing competitive scenario of some of the key players of the global smart pediatric inhalers market which includes company profiling of Amiko, Adherium, Cohero Health, 3M Healthcare, OPKO Health, Propeller Health, Philips Respironics, Sensirion AG, Teva Pharmaceutical Industries and Vectura Group.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global smart pediatric inhalers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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