Intelligent Asthma Monitoring Devices Market Size, Share, Growth Analysis, By Product(Wearable asthma monitoring devices, smart inhalers, inhalers, dry powdered inhalers (DPI’s)), By End use(Hospitals, clinics, home use), By Region - Industry Forecast 2024-2031

Intelligent Asthma Monitoring Devices Market Driver

Increasing Prevalence of Asthma and Subsequent Adoption of Smart Inhalers is Bolstering Market Growth

• Increasing pollution across the globe is the major factor that contributes to the increasing number of people suffering from asthma. This condition helps to boost 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. It was one of the chronic conditions in children, with a prevalence of 1 in every 12 children. According to Asthma UK, there are over 300 million people suffering from asthma and the number is anticipated to rise by over 100 million by 2025. People’s awareness about the advantages of asthma monitoring devices, technological advancement, and increasing company focus are the factors that help to propel the market growth. Smart inhalers include a dry powdered inhaler and metered dose inhaler. Key players are embracing the use of these smart inhalers in order to enhance the management of asthma and also to improve the effectiveness of the prescribed medications that helps to boost the market growth.

Intelligent Asthma Monitoring Devices Market Restraint

Lack of Knowledge about the Effective use of Smart Inhalers and Nebulizers to Cause Hindrance

• The rise in pollution across the globe increases the prevalence of asthma. There is a need to produce cost-effective and advanced monitoring devices for patients’ active commitment to engage in self-monitoring routines. But the lack of knowledge about the use of smart inhalers and nebulizers are the factors that hamper the growth of the intelligent asthma monitoring market.