Global Intelligent Asthma Monitoring Devices Market is valued at approximately USD 282.48 million in 2022 and is anticipated to grow with a healthy growth rate of more than 25.1% over the forecast period 2023-2030. Intelligent asthma monitoring devices are innovative tools that use advanced technology to help individuals with asthma manage their conditions more effectively. These devices are designed to track and monitor various parameters related to asthma, such as lung function, symptoms, medication usage, and environmental triggers, to provide valuable insights and feedback for better asthma management.
The Intelligent Asthma Monitoring Devices market is expanding because of factors such as growing geriatric population and surge in incidence of asthma cases. Intelligent asthma monitoring devices can also help users track their medication usage, including inhaler technique, frequency, and dosage. This can help individuals adhere to their prescribed medication regimen and avoid overuse or underuse of asthma medications, leading to better symptom control and reduced risk of asthma exacerbations. Its prevalence has progressively increased during the last few decades.
Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=bw7466
According to the World Bank Group, In 2020, the world’s elderly population was 727 million, and it is expected to triple over the next three decades, reaching 1.5 billion in 2050. Furthermore, geriatric and obese populations are predisposed to chronic diseases. As per the Asthma and Allergy Foundation of America, asthma is common in adults aged 65 and older. Around 7.8% of older adults in the United States have asthma. Another important component driving space increase is rising incidence of asthma cases.
As per Statista, the number of cases of asthma in senior citizens across India in 2050 was forecasted to be about 25.4 million. In addition, in 2020, in the United States, the highest percentage of current asthma was reported for the age group ranging from 15 to 34 years, with a total value of 8.9%. Also, increased focus toward advanced treatment protocols and rising healthcare expenditure. would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Intelligent Asthma Monitoring Devices stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Intelligent Asthma Monitoring Devices Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising investment in modern healthcare technologies and government support and funding for research & development. According to the American College of Allergy, Asthma & Immunology, in 2020, Asthma affects 8.3% of the American population, including 20.4 million adults and 6.1 million children. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising geriatric populations and increasing prevalence of asthma in the market space.
Major market players included in this report are:
AstraZeneca PLC
Cohero Health Inc
Glaxosmithkline PLC
Omron Corporation
Koninklijke Philips N.V
Reciprocal Labs Corporation
Download Free Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=bw7466
Teva Pharmaceuticals Industries Ltd
Vectura Group Plc
Volansys Technologies Pvt Ltd
Nihon Kohden Corporation
Recent Developments in the Market:
In April 2023 OMRON Corporation launched the NX-series NX502-1×00 CPU Units automation controllers with advanced information control and safety control, and the NX-EIP201 EtherNet/IP. The NX502 CPU Units and NX-EIP201 EtherNet/IP Units utilize the capabilities of OMRON’s own advanced information processing, communications technologies, and large-capacity memory to achieve real-time analysis and process modularization which helps to reduce resource disposal losses at manufacturing locations and shorten lead times while changing lines.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Product
Wearable Asthma Monitoring Devices
Smart Inhalers
Nebulizers
By End-User
Hospitals
Homecare
Clinics
By Region:
North America
U.S.
Canada
Europe
To Get More Business Strategies For Request Sample Report:- https://reportocean.com/industry-verticals/sample-request?report_id=bw7466
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Key target audience are:
- Business Owners and Executives: Market research reports provide valuable insights and data to business owners and executives who are responsible for strategic decision-making. They use the information to assess market opportunities, develop business strategies, and make informed choices regarding market entry, expansion, product development, and investments.
- Marketing and Sales Professionals: Market research reports help marketing and sales professionals understand customer preferences, market trends, and competitive landscape. This information assists in developing effective marketing strategies, identifying target audiences, positioning products, and gaining a competitive advantage.
- Product Development and Innovation Teams: Market research reports provide valuable information on emerging trends, consumer needs, and gaps in the market. Product development and innovation teams rely on these insights to develop new products or improve existing offerings that align with customer demands and market trends.
- Investors and Financial Analysts: Investors and financial analysts use market research reports to assess the potential returns and risks associated with investments in a particular industry or market. The reports provide insights into market growth, competitive landscape, key players, and investment opportunities.
- Market Researchers and Consultants: Market research reports serve as a valuable resource for market researchers and consultants who require comprehensive and up-to-date information on specific industries or markets. They rely on these reports to gather data, analyze market trends, and provide strategic recommendations to clients.
- Government and Regulatory Authorities: Market research reports can inform government bodies and regulatory authorities about industry trends, market dynamics, and the impact of regulations. These reports help in formulating policies, assessing market competitiveness, and monitoring market conditions.
- Academics and Researchers: Market research reports provide a rich source of data and analysis for academic researchers studying market dynamics, industry trends, and consumer behavior. They use these reports to support their research, validate hypotheses, and gain a broader understanding of specific markets.
Request Full Report- https://reportocean.com/industry-verticals/sample-request?report_id=bw7466
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1888 212 3539 (US – TOLL FREE)
Website:https://reportocean.com