Global Smart Inhalers Market – Industry Trends & Forecast to 2026

Market Analysis: Global Smart Inhalers Market
Global Smart Inhalers Market is expected to rise from its initial estimated value of USD 53.56 million in 2018, to an estimated value of USD 147 million by 2026, registering a CAGR of 13.45% in the forecast period of 2019-2026. This rise in market value can be attributed to the innovations and advancements in technology which has resulted in enhanced levels of product offerings.
Market Definition: Global Smart Inhalers Market
Smart inhalers are an upgradation over the conventional inhalers, in a sense that they involve the usage of connecting technology, and usage of sensors through which the overall system collects and stores information regarding the habits and needs of the patient. This connectivity technology helps in informing the patients of the need for refilling the inhalers and when to take the medication, even increasing the dosage as per the condition of the patient.
Market Drivers: 
  • Increase in prevalence of respiratory diseases and inflammatory diseases; this factor is expected to act as a driver for the market growth
  • Increase in the levels of pollution worldwide which has resulted in the rise of population susceptible to chronic obstructive pulmonary diseases
Market Restraints:
  • Increase in the cost of devices and equipments of smart inhalers; this factor is expected to act as a restraint to the market growth
  • Concerns over stealing the information and data privacy of patients which is restricting the overall adoption of smart inhalers; these factors are expected to act as a restraint to the market growth
Key Developments in the Market:
  • In December 2018, ResMed announced that they had agreed to acquire Propeller Health for USD 225 million. This deal will help in establishing a global organization in the smart devices for respiratory diseases market, bringing together expertise of both the companies.
  • In August 2018, Adherium announced the launch of “Hailie” solution for over-the-counter sales in the United States after it received 510(k) clearance from US FDA.

Key Market Competitors: Global Smart Inhalers Market

Few of the major competitors currently working in the smart inhalers market are Cohero Health, Inc.; Teva Pharmaceutical Industries Ltd.; Adherium; Propeller Health; 3M; GlaxoSmithKline plc; Boehringer Ingelheim International GmbH; Vectura Group plc; Novartis AG; AstraZeneca; OPKO Health Inc.; AptarGroup, Inc.; H&T Presspart Manufacturing Ltd. and Sensirion AG Switzerland.
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