Asthma Monitoring Devices Market Size, Share & Growth [2031]
Asthma Monitoring Devices Market Size, Share & Growth [2031]
Segments - Asthma Monitoring Devices Market by Device Type (Smart Inhalers, Peak Flow Meters, and Spirometers), End-user (Home Care, Hospitals & Clinics, and Ambulatory Care Centers), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :HC-5417
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| 187 Pages
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Report Description
The global asthma monitoring devices market size was USD 747 Mn in 2022 and is likely to reach USD 1490 Mn by 2031, expanding at a CAGR of 7% during 2023–2031. The market growth is attributed to the rising demand for effective treatment plans for patients with the possibility of asthma attacks.
Asthma is a chronic lung disease that makes breathing difficult. In 2019, according to the World Health Organization, 262 million people suffered from asthma, and around 1.31 million patients have gone through asthma treatment globally. It is a common chronic condition in children. The prevalence of asthma increased the demand for effective disease management.
Asthma monitoring devices help the patient to manage and track their condition. These devices monitor breathing patterns and offer real-time information about asthma symptoms. Nebulizers, inhalers, and peak flow meters help people monitor their lungs working and avoid asthma attacks by providing treatment.
Asthma monitoring devices enable remote monitoring of asthma, improve the accuracy of diagnosis, and reduce the risk of the condition worsening.
The research report finds that the COVID-19 pandemic positively impacted the asthma monitoring devices market, due to the rising prevalence rate of chronic respiratory diseases. In June 2021, Adherium Limited, a major player in the market, stated that it got 510k FDA approval to sell its Hailie sensor. This novel sensor incorporates psychological measures to track COPD and asthma medications.
Asthma Monitoring Devices Market Dynamics
Major Drivers
Rising prevalence of respiratory diseases and asthma is expected to drive the market during the forecast period. Furthermore, the increasing need for effective disease management is anticipated to fuel the market. Effective disease management increases the demand for monitoring devices to prevent worsening patient health conditions.
Existing Restraints
Lack of reimbursement and high cost associated with the devices is projected to hamper the market in the coming years. Expenses of clinical trials, high research, and development costs, and microeconomic market factors increase the price of medical devices. Manufacturers of medical devices set high prices due to the high rates of reimbursements.
Emerging Opportunities
Advancements in wearable medical devices are likely to create lucrative opportunities for market players in the region. Technological advancements in medical devices help the physician to monitor patients remotely. Furthermore, it aids in the diagnosis and offers improved outcomes. Smart asthma monitoring devices improve the patient experience by providing effective asthma control.
Scope of the Asthma Monitoring Devices Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Asthma Monitoring Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Device Type (Smart Inhalers, Peak Flow Meters, and Spirometers), and End-user (Home Care, Hospitals & Clinics, and Ambulatory Care Centers) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Nihon Kohden Corporation; Siemens; Koninklijke Philips; Medtronic; F. Hoffmann-La Roche Ltd.; ResMed; Masimo; MGC Corporation; River City Holdings LLC; OMRON Corporation; GSK plc; Adherium Limited; and Respira Labs. |
Asthma Monitoring Devices Market Segment Insights
Device Type Segment Analysis
On the basis of device type, the asthma monitoring devices market is segmented into smart inhalers, peak flow meters, and spirometers. The smart inhalers segment is projected to expand at a considerable CAGR during the forecast period, due to the rising adoption of smart inhalers and patient compliance.
The smart inhaler is connected to the mobile application, via Bluetooth, and records data about the date, time, and the patient’s location at each use.
The spirometers segment is anticipated to account for a major market share during the forecast period. It is used to diagnose asthma, chronic obstructive pulmonary disease (COPD), and other conditions. It helps to monitor lung condition and improve overall lung function. Moreover, it helps patients to reduce mucus from their lungs.
End-user Segment Analysis
Based on end-user, the market is divided into home care, hospitals & clinics, and ambulatory care centers. The hospitals & clinics segment is expected to hold a significant market share in the coming years. Major hospitals have emergency treatment departments for asthma, including inhaled bronchodilators (such as albuterol), oxygen, and systemic corticosteroids (such as prednisone).
Hospitals and clinics have teams of asthma specialists who offer a personalized review of treatment options and a complete analysis of asthma diagnosis.
The home care segment accounts for a significant market share, owing to the medical devices that offer easy handling and a growing number of phone-based apps. Doctors suggest long-term control medications to keep asthma under control. Long-term control medications include inhaled corticosteroids. These medications reduce or eliminate asthma flare-ups if used on a daily basis or as suggested by a physician.
Regional Outlook
In terms of region, the global asthma monitoring devices market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the forecast period, owing to the increasing prevalence of asthma. Moreover, a technologically advanced healthcare infrastructure offers easy access to healthcare services.
Patients are investing in modern healthcare technology due to the rising disposable income. The government is investing in the development of new asthma monitoring devices, which is expected to boost the market.
The market in Asia Pacific is anticipated to expand rapidly during the forecast period due to rising awareness regarding asthma monitoring devices and effective monitoring solutions among asthma patients. The rising geriatric population, management, and advancements in the diagnosis of asthma are anticipated to boost the market during the forecast period.
Segments
The global asthma monitoring devices market has been segmented on the basis of
Device Type
- Smart Inhalers
- Peak Flow Meters
- Spirometers
End-user
- Home Care
- Hospitals & Clinics
- Ambulatory Care Centers
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global asthma monitoring devices market are Nihon Kohden Corporation; Siemens; Koninklijke Philips; Medtronic; F. Hoffmann-La Roche Ltd.; ResMed; Masimo; MGC Corporation; River City Holdings LLC; OMRON Corporation; GSK plc; and Respira Labs.
Major players adopted various growth strategies including product launches, partnerships, mergers, and collaborations to increase their product portfolio.
- In January 2023, Apple acquired Tueo Health to improve health management for children diagnosed with asthma. Apple is expected to improve its iPhone health app by adding new features through this acquisition. Apple is a major player in technology that develops, designs, and sells computer software, consumer electronics, and online services.
- In March 2022, Respira Labs launched Sylvee, a device that uses artificial intelligence algorithms to examine breathing patterns and offer real-time information on lung function. This wearable lung monitor helps diagnose and manage respiratory conditions including COPD, COVID-19, and asthma. It employs acoustic resonance technology to detect variations in lung air volume and estimate lung function.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Asthma Monitoring Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Asthma Monitoring Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Asthma Monitoring Devices Market - Supply Chain
4.5. Global Asthma Monitoring Devices Market Forecast
4.5.1. Asthma Monitoring Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Asthma Monitoring Devices Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Asthma Monitoring Devices Market Absolute $ Opportunity
5. Global Asthma Monitoring Devices Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Asthma Monitoring Devices Market Size and Volume Forecast by End Users
5.3.1. Home Care
5.3.2. Hospitals & Clinics
5.3.3. Ambulatory Care Centers
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Asthma Monitoring Devices Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Asthma Monitoring Devices Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Asthma Monitoring Devices Demand Share Forecast, 2019-2026
7. North America Asthma Monitoring Devices Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Asthma Monitoring Devices Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Asthma Monitoring Devices Market Size and Volume Forecast by End Users
7.4.1. Home Care
7.4.2. Hospitals & Clinics
7.4.3. Ambulatory Care Centers
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Asthma Monitoring Devices Demand Share Forecast, 2019-2026
8. Latin America Asthma Monitoring Devices Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Asthma Monitoring Devices Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Asthma Monitoring Devices Market Size and Volume Forecast by End Users
8.4.1. Home Care
8.4.2. Hospitals & Clinics
8.4.3. Ambulatory Care Centers
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Asthma Monitoring Devices Demand Share Forecast, 2019-2026
9. Europe Asthma Monitoring Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Asthma Monitoring Devices Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Asthma Monitoring Devices Market Size and Volume Forecast by End Users
9.4.1. Home Care
9.4.2. Hospitals & Clinics
9.4.3. Ambulatory Care Centers
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Asthma Monitoring Devices Demand Share Forecast, 2019-2026
10. Asia Pacific Asthma Monitoring Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Asthma Monitoring Devices Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Asthma Monitoring Devices Market Size and Volume Forecast by End Users
10.4.1. Home Care
10.4.2. Hospitals & Clinics
10.4.3. Ambulatory Care Centers
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Asthma Monitoring Devices Demand Share Forecast, 2019-2026
11. Middle East & Africa Asthma Monitoring Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Asthma Monitoring Devices Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Asthma Monitoring Devices Market Size and Volume Forecast by End Users
11.4.1. Home Care
11.4.2. Hospitals & Clinics
11.4.3. Ambulatory Care Centers
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Asthma Monitoring Devices Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Asthma Monitoring Devices Market: Market Share Analysis
12.2. Asthma Monitoring Devices Distributors and Customers
12.3. Asthma Monitoring Devices Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Nihon Kohden Corporation
12.4.2. Siemens
12.4.3. Koninklijke Philips
12.4.4. Medtronic
12.4.5. F. Hoffmann-La Roche Ltd.
12.4.6. ResMed
12.4.7. Masimo
12.4.8. MGC Corporation
12.4.9. River City Holdings LLC
12.4.10. OMRON Corporation
12.4.11. GSK plc
12.4.12. Adherium Limited
12.4.13. Respira Labs
Methodology
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