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North America Smart Inhaler Market to reach USD 99.87 million by 2022


(EMAILWIRE.COM, February 28, 2018 ) The North America Smart Inhaler Market was worth USD 7.57 million in 2017 and estimated to be growing at a CAGR of 67.54%, to reach USD 99.87 million by 2022. Smart inhalers are digitally operated and sensor equipped inhalers that help patients by sending timely reminders in order to keep a track on inhaler dose at required time. These inhalers work on different inputs given by users. They are mainly prescribed for patients suffering with asthma or chronic obstructive pulmonary disease who has to inhale the medicine at particular intervals.

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Smart inhalers also have the facility to directly transfer the medication data to the cloud server or any mobile application in order to analyse by the physician. With the increase in technology advancements in the medical sector, top pharmaceutical companies are including the digital technology for improving the efficacy of prescribed medicines. Smart inhalers are gaining popularity all over the world, that help in gathering data from the sensor and altering the patient in the particular time.

Rise in air pollution which causes disorders like asthma and COPD, inclination of patients towards digitalized medical devices, increasing aging population, rising awareness about medication, rising investments in R&D of medical devices, growing respiratory diseases, new product innovations in medical industry and the technology advancements in the pharma-medical devices industry are driving the Global Smart Inhalers Market. However, limitations in data privacy, high costs and lack of availability in many regions are hindering the market growth.

The North America Smart Inhaler Market is segmented on the basis of product type, disorder, end-user and region. Based on the product type, the market is segmented into nebulizers and inhalers. The inhalers segment is further segmented into metered dose inhalers and dry powder inhalers. Depending on the disorder, the market is segmented into Chronic Obstructive Pulmonary Disease (COPD), Asthma and other respiratory diseases. On the basis of End-user, the market is segmented into patients, R&D, and others. The North America market has been geographically segmented into US and Canada. North America has the largest share in terms of revenue and product due to the high awareness about the digital medications, presence of large private companies and the favourable reimbursements in the medical sector.

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Major companies like North America Smart Inhaler Market are Vectura Group plc, Teva Pharmaceutical Industries Ltd., GlaxoSmithKline plc, Boehringer Ingelheim GmbH, AstraZeneca plc, Adherium Limited, Cohero Health, LLC, Propeller Health, GlaxoSmithKline plc and OPKO Health, Inc.

Market Segmentation:
1) Product

2) Disorder
Chronic Obstructive Pulmonary Disease (COPD)

3) End-user

Scope of the Report:
• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms by product type, along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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About us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialties with competitive pricing options.

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Market Data Forecast



Source: EmailWire.Com

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