USD 12.22 billion
Smart Inhalers Market Size, Share, Growth Analysis, By Type(Dry powdered inhalers (DPIs) and metered dose inhalers (MDIs)), By Distribution Channel(Hospital pharmacies, retail pharmacies, and online pharmacies), By End-Use(Hospitals, homecare settings, and others), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2315 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
88
|Figures:
76
Smart Inhalers Market Insights
Smart Inhalers Market size was valued at USD 14.64 Billion in 2023 and is poised to grow from USD 17.54 Billion in 2024 to USD 74.41 Billion by 2032, growing at a CAGR of 19.8% during the forecast period (2025-2032).
The Global Smart Inhalers Market is a rapidly growing segment of the healthcare industry that is revolutionizing the treatment of respiratory diseases such as asthma and COPD. Smart inhalers are medical devices that use sensors and Bluetooth technology to monitor and track the usage of inhalers by patients. The data collected by smart inhalers can be used by healthcare providers to improve patient adherence to medication regimens and adjust treatment plans as needed. The purpose of the market is to provide a more effective and efficient means of treating respiratory diseases by enabling healthcare providers to track patient medication usage and adjust treatment plans in real time. The market is being driven by a number of factors, including the increasing prevalence of respiratory diseases, the need for improved patient adherence to medication, and the development of advanced technologies for monitoring and tracking medication usage.
Despite the significant growth potential of the smart inhalers market, there are some restraints that need to be addressed, such as the high cost of these devices and the lack of awareness among patients and healthcare providers. However, key trends such as the integration of smart inhalers with electronic medical records and the development of mobile health apps are expected to drive the growth of the market in the coming years. One of the key opportunities in the market is the potential for cost savings and improved patient outcomes. By improving patient adherence to medication regimens, smart inhalers can reduce the frequency of hospitalizations and emergency room visits, resulting in significant cost savings for healthcare providers and insurers. In addition, the data collected by smart inhalers can be used to identify patterns and trends in medication usage, enabling healthcare providers to develop more effective treatment plans and improve patient outcomes.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Metered Dose Inhalers (MDIs)
Fastest Growth
Dry Powdered Inhalers (DPIs)
Growth Rate
19.8% CAGR
Global Smart Inhalers Market ($ Bn)
Country Share for North America Region (%)
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Smart Inhalers Market Segmental Analysis
Global Smart Inhalers Market is segmented on the basis of type, distribution channel, end-use, and region. By type, the market is segmented into dry powdered inhalers (DPIs) and metered dose inhalers (MDIs). By distribution channel, the market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies. By end-use, the market is segmented into hospitals, homecare settings, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Smart Inhalers Market Analysis by Type
In 2022, the MDIs segment dominated the global smart inhalers market with a share of over 60.54%. These inhalers are popular due to their efficiency and ease of use, allowing patients to self-administer a fixed dose in a short burst of sprays through inhalation. In September 2022, OzUK Limited and H&T Presspart partnered to introduce generic MDIs for Asthma/COPD applications, catering to H&T Presspart's customers. The market is segmented by type into dry powdered inhalers (DPIs) and metered dose inhalers (MDIs).
DPIs are expected to exhibit the fastest CAGR over the forecast period due to environmental concerns surrounding the use of chlorofluorocarbon propellants in inhalers. As a result, DPIs are becoming more popular than pressurized MDIs and nebulizers for treating respiratory illnesses.
Smart Inhalers Market Analysis by Distribution Channel
The hospital pharmacies segment held the largest market share in 2022, primarily driven by factors such as the growing geriatric population and increasing incidence of chronic respiratory diseases (CRDs). The elderly population, often hospitalized for various respiratory conditions, tends to obtain their medications from hospital pharmacies, contributing to the segment's dominance. The market is further segmented based on distribution channels, including hospital pharmacies, retail pharmacies, and online pharmacies.
The retail pharmacies segment is expected to exhibit the fastest growth rate throughout the forecast period. This surge can be attributed to customer preferences for retail pharmacies, driven by factors such as comfort, flexibility, and convenience. The rising demand for retail pharmacies is prompting quick expansion and modernization efforts in existing pharmacy establishments, aimed at enhancing market penetration. These trends are positively impacting the growth of the retail pharmacies segment in the smart inhalers market.
Global Smart Inhalers Market Size By Type
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Smart Inhalers Market Regional Insights
North America dominated the global smart inhalers market. With advanced healthcare infrastructure, a strong focus on technological innovation, and a high prevalence of respiratory diseases, North America has emerged as a key market for smart inhalers. The region's dominance is further reinforced by the presence of major pharmaceutical and medical device companies actively developing and commercializing smart inhaler products. Additionally, favorable reimbursement policies and increased awareness among patients and healthcare professionals about the benefits of smart inhalers contribute to the region's market dominance.
The fastest-growing region in the global smart inhalers market is Asia Pacific. The region is witnessing rapid urbanization, changing lifestyles, and an increasing burden of respiratory diseases, which has created a significant demand for advanced respiratory care solutions. With a large population base, rising disposable incomes, and improving healthcare infrastructure, Asia Pacific presents immense growth opportunities for smart inhaler manufacturers. Moreover, government initiatives to enhance healthcare access and the growing adoption of digital health technologies further boost the market's growth in the region.
Global Smart Inhalers Market Size By Region
- Largest
- Fastest
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Smart Inhalers Market Dynamics
Smart Inhalers Market Drivers
Technological Advancements
- Technological advancements play a significant role in driving the growth of the smart inhalers market. The development of advanced sensors, connectivity options, and data analytics capabilities has revolutionized the management of respiratory diseases. Smart inhalers can collect and transmit data on medication usage, inhaler technique, and environmental conditions to healthcare providers in real-time, enabling personalized treatment and improved patient outcomes. For example, Propeller Health, a digital therapeutics company, has developed a sensor-based smart inhaler platform. The platform consists of a sensor that attaches to standard inhalers and tracks medication usage. The collected data is sent to a mobile app, which provides insights and reminders to patients and healthcare providers. This technology empowers patients to manage their condition better and allows healthcare providers to monitor adherence and provide personalized feedback.
Smart Inhalers Market Restraints
High Cost of Smart Inhalers
- One of the restraints in the smart inhalers market is the relatively high cost associated with these devices compared to conventional inhalers. The advanced technology and connectivity features of smart inhalers contribute to their higher price point. The cost factor may limit their widespread adoption, particularly in regions with limited healthcare resources and affordability concerns. For example, the price of smart inhalers can range from $100 to $300, depending on the brand and features. This higher cost may pose challenges for patients who have limited financial resources or lack insurance coverage. As a result, the adoption of smart inhalers may be slower in certain markets, hindering their market growth.
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Smart Inhalers Market Competitive Landscape
The Global Smart Inhalers Market is highly competitive, with several key players vying for market share. Some of the major companies in the market are actively involved in research and development activities to introduce innovative smart inhaler technologies and enhance their product portfolios. They are also focusing on strategic collaborations, partnerships, and acquisitions to expand their market presence and reach a wider customer base. Additionally, these companies are investing in marketing and promotional activities to create awareness about the benefits of smart inhalers among healthcare professionals and patients. With the growing demand for improved respiratory care and the increasing adoption of digital health technologies, the competitive landscape of the smart inhalers market is expected to remain dynamic and competitive in the coming years.
Smart Inhalers Market Top Player’s Company Profiles
- Teva Pharmaceuticals (Israel)
- GlaxoSmithKline (UK)
- Novartis (Switzerland)
- AstraZeneca (UK)
- Boehringer Ingelheim (Germany)
- Philips Respironics (US)
- Propeller Health (US)
- Vectura Group (UK)
- Opko Health (US)
- Adherium Limited (New Zealand)
- AptarGroup (US)
- Cohero Health (US)
- H&T Presspart (UK)
- 3M Company (US)
- Cipla (India)
- Mundipharma (UK)
- Glenmark Pharmaceuticals (India)
- Chiesi Farmaceutici (Italy)
- Propeller Health (US)
- Sensirion AG (Switzerland)
Smart Inhalers Market Recent Developments
- In April 2023, Cohero Health received FDA clearance for its Smart Inhaler, the first smart inhaler to be approved by the FDA. The Smart Inhaler uses a sensor to track inhaler use and provides patients with feedback on their inhaler technique and adherence.
- In June 2023, Phil Inc., a patient access platform company that revolutionizes life science product commercialization, announced an agreement with Teva Pharmaceuticals that will make Digihaler® products available for prescription using the PhilRx Patient Access Platform. Teva’s Digihaler system is the first and only smart inhaler system that can provide objective inhaler data to help patients and their doctors have informed treatment discussion in support of asthma management.
- In July 2023, Teva launched a digitally-enabled inhaler in the UK, the first European market for the device, for use by patients with asthma and chronic obstructive pulmonary disorder (COPD).
Smart Inhalers Key Market Trends
- Integration of Artificial Intelligence (AI) and Machine Learning (ML): A prominent trend in the smart inhalers market is the integration of artificial intelligence (AI) and machine learning (ML) algorithms into inhaler technology. AI and ML techniques can analyze large datasets collected from smart inhalers, identify patterns, and provide predictive insights. This enables healthcare providers to personalize treatment plans, optimize medication dosage, and predict exacerbations. For example, Cohero Health, a digital health company, has developed a smart inhaler system that incorporates AI and ML algorithms. The system analyzes inhaler usage patterns, environmental data, and patient-specific information to provide real-time feedback and personalized recommendations to patients and healthcare providers. This trend showcases the potential of AI and ML in improving respiratory disease management and enhancing patient outcomes.
Smart Inhalers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Smart Inhalers Market analysis, the market is experiencing significant growth and is expected to continue expanding in the coming years. The market is being driven by factors such as the increasing prevalence of respiratory diseases, growing awareness about the importance of medication adherence, advancements in technology, and the rising adoption of digital healthcare solutions. Smart inhalers offer several benefits, including improved patient monitoring, enhanced medication adherence, and real-time data collection for healthcare providers. Additionally, the integration of smart inhalers with mobile applications and cloud-based platforms is further boosting market growth. The market is highly competitive, with key players focusing on product development, partnerships, and strategic collaborations to gain a competitive edge. Emerging markets, such as Asia Pacific, offer significant growth opportunities due to the increasing healthcare expenditure and a large patient population. Overall, the market research analysts project a positive outlook for the global smart inhalers market, driven by technological advancements and the need for better respiratory disease management.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 12.22 billion |
| Market size value in 2031 | USD 62.11 billion |
| Growth Rate | 19.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Smart Inhalers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Smart Inhalers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Smart Inhalers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Smart Inhalers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Smart Inhalers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Smart Inhalers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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