Asthma is an inflammatory disease of the
airways of lungs which makes breathing difficult. Symptoms of asthma
appear when the lining of the airways swell and the associated muscles
around the airway tighten. Common symptoms of asthma include wheezing,
coughing, especially in the night, tightness in the chest, fatigue, and
shortness of breath. The trigger factors for asthma are dust, excess
heat, cold air, stress, and vigorous exercise. Other triggers include
allergens such as certain foods, cigarette smoke, house dust, animal
danders, pollen, perfumes, and pollution. Effective management of the
condition along with right medication would enable patients to lead a
normal life. Asthma monitoring is monitoring the symptoms of the
condition to prevent attacks and morbidity. Self-monitoring of asthma
includes peak-expiratory flow monitoring and symptom-based monitoring.
Technological advancements in health care have led to the development of
digital solutions that alert patients of a possible asthma attack.
Rising levels of pollution across the
globe is a leading factor contributing to the increase in the number of
people suffering from asthma. This is projected to drive sales of
intelligent asthma monitoring devices. According to the Centers for
Disease Control and Prevention (CDC), over 27 million people in the U.S.
suffered from asthma in 2017. It was one of the chronic conditions in
children, with a prevalence of 1 in every 12 children. According to
Asthma UK, currently, there are over 300 million people suffering from
asthma globally, and the number is anticipated to rise by over 100
million by 2025. Additionally, rise in awareness among the people about
the advantages of intelligent asthma monitoring devices, technological
advancements, and increase in the number of companies focused on the
development of these devices leading to significant product launches
fuel the growth of the intelligent asthma monitoring devices market.
However, product recalls and lack of knowledge about the effective use
of these devices are expected to hamper the growth of the intelligent
asthma monitoring devices market.
The global intelligent asthma monitoring
devices market can be segmented based on product type, end-user, and
region. In terms of product type, the market can be classified into
wearable devices, smart inhalers, and nebulizers. The smart inhalers
segment includes dry-powdered inhalers and metered dose inhalers.
Wearable devices detect respiration rate, heart rate, cough count, and
wheezing, based on which it alerts patients of a possible asthma attack.
Based on end-user, the global intelligent asthma monitoring devices
market can be categorized into hospitals, clinics, and home care
settings.
Geographically, the global intelligent
asthma monitoring devices market can be segmented into five major
regions: North America, Latin America, Europe, Asia Pacific, and Middle
East & Africa. North America accounted for the largest share of the
global market in terms of revenue in 2017 and the trend is anticipated
to continue during the forecast period. Robust growth in the region can
be attributed to increase in awareness among people and rise in
prevalence of allergic reactions. Europe is projected to be the second
leading market, recording significant sales of intelligent asthma
monitoring devices. However, sluggish economy in the region is expected
to hamper the growth of the intelligent asthma monitoring devices
market. The intelligent asthma monitoring devices market in Asia Pacific
is likely to expand at a high CAGR owing to increase in pollution
levels, rise in prevalence of asthma, and surge in focus on enhancing
treatment.
Leading players operating in the global
intelligent asthma monitoring devices market are Health Care Originals,
Koninklijke Philips N.V., Vectura Group plc, Propeller Health, Teva
Pharmaceutical Industries Ltd., Adherium Limited, AstraZeneca plc,
Cohero Health, Inc., Respiri, Quvium, 3M, AEvice Health, Anaxsys, and
GlaxoSmithKline plc.
The report offers a comprehensive
evaluation of the market. It does so via in-depth qualitative insights,
historical data, and verifiable projections about market size. The
projections featured in the report have been derived using proven
research methodologies and assumptions. By doing so, the research report
serves as a repository of analysis and information for every facet of
the market, including but not limited to: Regional markets, technology,
types, and applications.
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