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Future Outlook and Market Forecast of Smart Inhalers Market
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Future Outlook and Market Forecast of Smart Inhalers Market

Smart inhalers are a type of medical device that are used to monitor and manage the medication delivery of patients with respiratory conditions such as asthma and chronic obstructive pulmonary disease (COPD). These devices are designed to provide accurate and personalized treatment plans by recording and transmitting data about the usage of inhalers to mobile applications.

The smart inhaler market has been witnessing significant growth in recent years, driven by the increasing prevalence of respiratory diseases, rising demand for digital healthcare technologies, and technological advancements in inhaler devices. These devices offer several benefits such as improved medication adherence, better disease management, and reduced healthcare costs.

The smart inhalers market was estimated at US$ 116 million in 2021 and is expected to grow at a CAGR of 26.8% during 2022-2028 to reach US$ ~1.9 billion in 2028.

The smart inhaler market is highly competitive, with several key players operating in the market. The overall competitive landscape has been affected due to these mergers and acquisitions. The following are the major players in the smart inhalers market:

  • Adherium

  • AptarGroup, Inc.

  • AstraZeneca

  • Biocorp

  • BreatheSuite Inc.

  • Cognita Labs

  • Findair Sp. z o. o.

  • GlaxoSmithKline plc.

  • H&T Presspart Manufacturing Ltd.

  • Lupin

  • Novartis AG

  • OPKO Health, Inc.

  • Personal Air Quality Systems Pvt Ltd (PAQS)

  • Propeller Health

  • Teva Pharmaceutical

  • Zeolr Technologies Pvt Ltd

These companies are focusing on product innovation, partnerships, and collaborations to strengthen their market position.

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Some of the recent developments and strategies adopted by the key players are:

  1. Product Innovation: Companies are investing in research and development to introduce innovative smart inhaler devices that offer advanced features and functionalities. For instance, in 2020, AstraZeneca launched its first smart inhaler, called the ProAir Digihaler, which uses sensors to track inhalation and transmit data to a mobile app for patients and healthcare providers.

  2. Partnerships and Collaborations: Companies are forming partnerships and collaborations to expand their product portfolios and reach new markets. In 2021, Adherium Limited announced a partnership with Circassia Pharmaceuticals to launch a new smart inhaler system for patients with asthma and COPD in the United Kingdom.

  3. Acquisitions and Mergers: Companies are also acquiring or merging with other companies to strengthen their market position and expand their global reach. In 2020, Boehringer Ingelheim acquired Northern Biologics, a biotechnology company focused on developing cancer treatments, which will enable the company to expand its portfolio of respiratory treatments.

  4. Digital Health Solutions: Companies are increasingly adopting digital health solutions to complement their smart inhaler devices and provide patients with personalized treatment plans. In 2020, Novartis launched a digital health platform called the Novartis Health Hub, which aims to provide patients with access to personalized healthcare services and treatments, including smart inhaler devices.

  5. Regulatory Compliance: Companies are also focused on ensuring regulatory compliance and adherence to safety standards to ensure the safety and efficacy of their products. For instance, GlaxoSmithKline plc has been working closely with regulatory authorities to obtain approval for its smart inhaler device, called the Ellipta Inhaler, in several countries around the world.

Overall, companies in the smart inhaler market are actively investing in research and development, forming partnerships and collaborations, adopting digital health solutions, and ensuring regulatory compliance to drive growth and strengthen their market position.