[FURL=https://www.industryarc.com/Research/Intelligent-Asthma-Monitoring-Devices-Market-Research-506929?utm_source=freeprnow&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Intelligent Asthma Monitoring Devices Market[/FURL] size is estimated to reach $1.1 billion by 2026, growing at a CAGR of 54.4% during the forecast period 2021-2026. Asthma Monitoring Devices are used to monitor asthma to avoid attacks and related morbidity. The technological advancements in the health care system have led to the development of digital devices that alert patients of a possible asthma attack. These monitoring devices have the ability to monitor adherence, provide access to data so that it can be transported to a personal device, and accurately record the time of each dose taken by the patient. The rise in the adoption of smart inhalers, such as dry powdered inhalers and metered dose inhalers in developed nations, increase in the investment by the key companies to develop advanced monitoring devices.Key Takeaways
Geographically, North America Intelligent Asthma Monitoring Devices Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the growing adoption of dry powdered inhalers and metered dose inhalers in developed nations.
The growing demand for advanced form of inhalers that can be digitally connected to apps is driving the Smart Inhalers segment. However, the lack of knowledge about the effective use of smart inhalers and nebulizers is one of the major factors that is said to reduce the growth of the Intelligent Asthma Monitoring Devices Market.
Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Intelligent Asthma Monitoring Devices Market report.
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Intelligent Asthma Monitoring Devices Market Segment Analysis-By Geography
North America held the largest share with 31% of the overall market in 2020. The growth in this segment is owing to the factors such as increase in the investment by the key companies to develop advanced monitoring devices and the growing demand for smart inhalers in home care settings. The rise in the adoption of dry powdered inhalers and metered dose inhalers in developed nations is driving the growth of the Intelligent Asthma Monitoring Devices Market. Asia-Pacific is estimated to be the fastest growing segment over the period 2021-2026.
Intelligent Asthma Monitoring Devices Market Drivers
Increase in the Adoption of Smart Inhalers
Intelligent Asthma Monitoring Devices Market top 10 companies are Teva Pharmaceutical Industries Ltd, Qualcomm Life, Health Care Originals, GlaxoSmithKline plc, Philips Healthcare, Vectura Group plc, Respiri Ltd, AstraZeneca plc, 3M Company, and Cohero Health Inc among others.
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