Smart Inhaler Technology Market By Product Type (Dry Powdered Inhalers, Metered Dose Inhalers), Indication (Asthma, COPD), Distribution Channel (Hospital Pharmacies, Retail Pharmacies), & Region for 2024-2031
Report ID: 36140|No. of Pages: 202
Smart Inhaler Technology Market By Product Type (Dry Powdered Inhalers, Metered Dose Inhalers), Indication (Asthma, COPD), Distribution Channel (Hospital Pharmacies, Retail Pharmacies), & Region for 2024-2031
Smart Inhaler Technology Market Valuation – 2024-2031
The increasing number of elderly individuals, who experience a higher prevalence of COPD and asthma, drives the demand for smart inhalers. Older adults are more prone to severe respiratory conditions and complications, making advanced inhaler technologies more essential. Thus, the increasing geriatric population surges the growth of market size surpassing USD 13.81 Billion in 2024 to reach a valuation of USD 57.7 Billion by 2031.
The rise in COVID-19 cases and its associated respiratory complications have heightened the need for effective respiratory management tools. Smart inhalers offer enhanced monitoring and adherence features, which are critical for managing respiratory disorders and reducing hospitalization risks. Thus, the rise in the COVID-19 pandemic and growth in effective respiratory management tools enable the market to grow at a CAGR of 19.6% from 2024 to 2031.
Smart Inhaler Technology Market: Definition/ Overview
The smart inhaler technology involves the integration of digital sensors and connectivity features into traditional inhaler devices used for managing respiratory conditions such as asthma and COPD. These advanced inhalers track medication usage, providing critical data to both patients and healthcare providers. Equipped with sensors that monitor doses, smart inhalers transmit data wirelessly to mobile apps or cloud platforms, where it is analyzed and displayed.
For patients, smart inhalers offer real-time feedback, helping them adhere to medication schedules, improve inhaler techniques, and receive reminders for timely usage. This can lead to better disease management, fewer asthma attacks or COPD exacerbations, and enhanced quality of life.
Healthcare providers benefit from the data generated by smart inhalers, which allows them to remotely monitor medication adherence, identify usage patterns, and adjust treatment plans. This data-driven approach enables personalized and proactive care, resulting in improved patient outcomes and reduced healthcare costs associated with poorly managed respiratory diseases.
What's inside a VMR
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=36140
How the Technological Advancements and Connectivity Foster the Growth of Smart Inhalers Technology Market?
Innovations in miniaturization and wireless communication are making smart inhalers more compact, user-friendly, and accessible. Enhanced battery life and integration with smartphones via Bluetooth improve user experience and data sharing. The growing connected healthcare ecosystem, where medical devices and apps work together, fosters an ideal environment for smart inhalers. This integration allows for a more holistic understanding of patient health and improved care coordination. The increasing prevalence of conditions like asthma, COPD, and cystic fibrosis is a key driver for smart inhaler adoption. According to WHO, asthma affects around 235 million people globally, and COPD is projected to become the third leading cause of death by 2030. As the patient population expands, there is a growing need for innovative technologies, such as smart inhalers, to enhance disease management and improve patient outcomes.
How does the High Cost of the Smart Inhalers Constraint the Growth of the Smart Inhalers Technology Market?
Rising healthcare costs are pushing governments and institutions to adopt cost-effective solutions like smart inhalers. These devices boost medication adherence and reduce complications, leading to long-term savings. Governments and private insurers incentivize healthcare providers to integrate smart inhalers, accelerating market growth. As healthcare spending rises, particularly in developed nations, investment in advanced healthcare technologies like smart inhalers is increasing. By reducing exacerbations, hospitalizations, and optimizing drug usage, smart inhalers offer a compelling solution to enhance care quality, patient satisfaction, and cost efficiency. Compared to the standard inhalers, the smart inhalers incorporate advanced sensors, wireless connectivity, and integration with mobile apps, leading to a higher price point. This cost limit access for some patients and act as a barrier to widespread market acceptance.
Although smart inhalers can reduce long-term healthcare costs through improved medication adherence and fewer complications, current reimbursement systems often do not cover their initial expense. This lack of financial support from governments and insurers can deter patients and healthcare providers from adopting the technology. Smart inhalers gather sensitive data, including medication usage, inhalation technique, and potential location information. Ensuring robust data privacy and security measures is essential to maintain user trust and prevent data breaches. Companies must invest in strong security protocols and communicate data handling practices to address privacy concerns. The effectiveness of smart inhalers relies on user acceptance and consistent use. Some patients are uncomfortable with technology or find the additional procedures cumbersome. To enhance adoption, it is crucial to design user-friendly interfaces, educate patients about the benefits, and address any usability issues.
Category-Wise Acumens
How is the DPI a Preferred Alternative for other Inhalers and Environmental Concern Surge the Growth of Dry Powdered Inhalers (DPI) Segment?
The dry powdered inhalers (DPI) segment dominates in the smart inhalers technology market owing to increasing concerns over the environmental impact of inhalers using chlorofluorocarbons (CFCs) as propellants. The DPIs have become a preferred alternative over pressurized Metered-Dose Inhalers (MDIs) and nebulizers for treating respiratory conditions like asthma and COPD. DPIs eliminate the need for harmful propellants, aligning with the growing emphasis on eco-friendly healthcare solutions.
Additionally, the rising demand for DPI-based inhalers is encouraging market players to develop more advanced and effective products. Smart DPIs are designed to deliver specific dry powder medications directly to the lungs, using a dry powder fluidization mechanism. These devices are integrated with features such as real-time feedback and data loggers that monitor and provide guidance on proper inhalation techniques, enhancing patient adherence and treatment effectiveness.
Moreover, collaboration between digital health and pharmaceutical companies is accelerating the development of innovative smart DPIs. This includes the integration of add-on sensors and advanced mechanisms for improved functionality, driving further growth in the segment. As technological advancements continue, DPI-based smart inhalers are expected to play a critical role in the future of respiratory disease management.
How Does the Increasing Prevalence of COPD Foster the Growth of COPD Segment?
The COPD segment is set to dominate the smart inhaler technology market, driven by the increasing prevalence of COPD worldwide. Several factors contribute to the growing number of COPD patients, including an aging population, continued exposure to risk factors like tobacco smoke and air pollution, and advancements in disease diagnosis. COPD is a significant health concern, accounting for 3.6% of the total disease burden and 50% of the respiratory disease burden globally in 2023.
The financial impact of COPD is substantial, with an estimated USD 831.6 Million spent on its treatment and management in 2020–21. This represents 0.6% of total healthcare expenditure and 18% of costs associated with all respiratory conditions. As the number of COPD patients rises, the demand for advanced management tools, such as smart inhalers, continues to grow.
In 2022, COPD was the underlying cause of 7,691 deaths, or 29.6 per 100,000 population, accounting for 4% of all deaths. The increasing prevalence and significant healthcare burden associated with COPD highlight the need for smart inhalers, which offer real-time monitoring, enhanced adherence, and improved disease management, making them essential tools in managing this chronic condition.
Gain Access to Smart Inhaler Technology Market Report Methodology
https://www.verifiedmarketresearch.com/select-licence/?rid=36140
Country/Region-wise Acumens
How the Increasing Investment in Digital Health Technologies and Growing Prevalence of COPD Surge the Growth of Smart Inhalers Technology Market in North America?
North America is poised to dominate the smart inhaler technology market driven by its robust healthcare infrastructure, substantial investment in digital health technologies, and a rising prevalence of respiratory diseases like asthma and COPD. The increasing prevalence of asthma and COPD in the region fuels the growth of smart inhalers. For instance, 25 million people in the United States are affected by asthma, while more than 16 million individuals in the country suffer from chronic obstructive pulmonary disease (COPD).
The region’s increasing awareness of the benefits of smart inhalers, including improved medication adherence, real-time monitoring, and personalized treatment, is further accelerating market growth. Patients and healthcare providers alike are recognizing the advantages of integrating smart inhalers into treatment plans, leading to higher adoption rates. Educational initiatives and marketing campaigns continue to raise awareness, emphasizing the practical benefits of these devices in managing respiratory conditions. The U.S. benefits from its advanced healthcare system, extensive research and development efforts, and a supportive regulatory landscape, positioning it as a leader in innovation and driving the growth of smart inhaler technology.
How does the Increasing Healthcare Expenditure Foster the Growth of the Smart Inhalers Technology Market in Asia Pacific?
The Asia-Pacific region is poised to emerge as the fastest-growing region in the smart inhaler technology market, driven by rising healthcare expenditures and a growing demand for advanced medical solutions. The healthcare budgets expand across the region, countries are increasingly directing resources toward innovative technologies aimed at improving patient outcomes and streamlining disease management. This surge in investment in healthcare infrastructure and technology adoption creates an ideal environment for the widespread introduction of smart inhalers.
In addition, the Asia-Pacific market is seeing a significant rise in product development and innovation as local and international manufacturers focus on addressing the region’s specific needs. Companies are prioritizing research and development to create cost-effective, user-friendly smart inhalers tailored to the unique healthcare challenges and economic conditions of each country in the region. This surge in product innovation is expected to accelerate the adoption of smart inhalers, further solidifying the Asia-Pacific region as a major contributor to global market growth. With increasing healthcare demands and a focus on improving respiratory care, Asia-Pacific is anticipated to play a leading role in driving the expansion of smart inhaler technology during the forecast period.
Competitive Landscape
The competitive landscape of the Smart Inhaler Technology Market is dynamic and evolving. Established pharmaceutical companies and innovative technology startups are vying for market share by offering advanced solutions that improve patient outcomes and address the growing burden of respiratory diseases.
The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the smart inhaler technology market include:
- Adherium
- Propeller Health
- AstraZeneca
- Boehringer Ingelheim International GmbH
- GSK Group of Companies
- Cohero Health, Inc.
- AstraZeneca plc
- Novartis AG
- 3M Company,
- Teva Pharmaceuticals
- Vectura Group
- Cognita Labs, LLC.
Latest Developments:
- In August 2020, Propeller Health announced the partnership with Novartis to connect the Propeller digital health platform to Enerzair® and Atectura® Breezhaler, which are used to treat uncontrolled asthma, and to launch product distribution in Japan.
- In June 2020, Aptar Pharma announced the collaboration with Lupin Limited to produce ADHERO, India’s first connected device for metered-dose nebulizers (MDI).
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Growth Rate | CAGR of ~19.6% from 2024 to 2031 |
| Base Year for Valuation | 2024 |
| Historical Period | 2024-2031 |
| Forecast Period | 2021-2023 |
| Quantitative Units | Value (USD Billion) |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Players | Adherium, Propeller Health, AstraZeneca, Boehringer Ingelheim International GmbH, GSK Group of Companies, Cohero Health, Inc., GlaxoSmithKline, AstraZeneca plc, Novartis AG, 3M Company, Teva Pharmaceuticals, Vectura Group, Cognita Labs, LLC., among others. |
| Customization | Report customization along with purchase available upon request |
Smart Inhaler Technology Market, By Category
Product Type:
- Dry Powdered Inhalers
- Metered Dose Inhalers
Indication:
- Asthma
- COPD
Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF GLOBAL SMART INHALER TECHNOLOGY MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL SMART INHALER TECHNOLOGY MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL SMART INHALER TECHNOLOGY MARKET, BY PRODUCT TYPE
5.1 Overview
5.2 Inhalers
5.3 Nebulizers
6 GLOBAL SMART INHALER TECHNOLOGY MARKET, BY INDICATION
6.1 Overview
6.2 Asthma
6.3 COPD
7 GLOBAL SMART INHALER TECHNOLOGY MARKET, BY DISTRIBUTION CHANNEL
7.1 Overview
7.2 Hospitals Pharmacies
7.3 Retail Pharmacies
8 GLOBAL SMART INHALER TECHNOLOGY MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East & Africa
9 GLOBAL SMART INHALER TECHNOLOGY MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 Adherium
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Propeller Health
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Cohero Health Inc.
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 GlaxoSmithKline
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 AstraZeneca plc
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Novartis AG
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 3M Company
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Teva Pharmaceuticals
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Vectura Group
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Cognita Labs, Llc
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
11 Appendix
11.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
