Global Digital Dose Inhalers Market to Reach a Value of US$ 4.3 Bn by 2027, Growing at a CAGR of 10% from 2019 to 2027: Transparency Market Research
ALBANY, New York, Feb. 5, 2020 /PRNewswire/ -- The healthcare industry is constantly on the lookout for new and improved technologies that can help toward enhancing the bar of medical wellbeing. Furthermore, the rising incidence of chronic diseases, especially amongst the younger population, has also caused radical changes in the approach of healthcare units. The industry has drifted away from its conservative approach to treatment, and has endorsed a more pragmatic, digitally-driven, and holistic healthcare framework. The use of digital dose inhalers in the healthcare industry stems from the aforementioned change in industrial propensities. The total volume of revenues within the global digital dose inhalers market is set to increase by leaps and bounds in the times to follow. The global digital dose inhalers market is poised to expand at a commendable CAGR of 10.0% over the period between 2019 and 2027, reaching a value of US$ 4.3 Bn by 2027. Besides, there is little contention about the development of new streams for revenue inflow in this market.
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The tenets of development within the healthcare industry are enshrined in the success of research and development initiatives. Availability of research-based evidence to support the positive effects of using digital inhalers has aided market growth.
Key Findings
-- Rising incidence of asthma, especially amongst young adults and kids,
has been at the forefront of market growth and maturity.
-- Based on the type of product, the demand for metered dose inhalers is
gradually overtaking the demand for dry powder inhalers.
-- The importance of timely administration of doses has compelled the older
population to resort to the use of digital dose inhalers.
-- Approvals from medical research institutes have helped in reconciling
the growth dynamics of the market.
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Global Digital Dose Inhalers Market: Demand Drivers
The use of digital dose inhalers shall gather momentum in the times to follow. These inhalers have helped users in understanding their daily dosage requirements, and has emerged as a panacea for them. Excessive dosage can be fatal for the users, thus, necessitating the use of devices that can measure and control dosage. The next decade is expected to witness the emergence of fresh demand within the global digital dose inhalers market. The following trends shall contribute to the growth of the global market:
-- Rising incidence of pulmonary diseases such as asthma and chronic
obstructive pulmonary disease (COPD) is an important consideration for
the vendors.
-- The focus on digital transformation and development of new-age devices
within healthcare has been of value for the digital dose inhalers
market.
-- Approvals from the Food and Drug Administration (FDA) have helped
sellers of digital inhalers to capture a larger market share.
Gather pragmatic insights and fact-based inferences about the growth of the Digital Dose Inhalers Market (Product: Metered Dose Inhalers and Dry Powder Inhalers; Application: Asthma, COPD (Chronic Obstructive Pulmonary Disease), and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027 at:
https://www.transparencymarketresearch.com/digital-dose-inhaler-market.html
Factors Impeding Growth within the Global Digital Dose Inhalers Market
The market vendors are planning to steer clear of the following challenges that could hamper market growth:
-- Minimal knowledge about the presence of new-age digital technologies
within healthcare could be roadblock to the growth of the global digital
dose inhalers market.
-- Use of traditional inhalers, mainly due to their low cost, has also been
a challenge for the vendors in the digital dose inhalers market.
-- Concerns related to the accuracy of digital data has also raised
questions about the performance of digital dose inhalers.
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Global Digital Dose Inhalers Market: Regional Analysis
-- North America has been at the forefront of market growth and maturity,
majorly due to swift adoption of digital technologies in healthcare. The
US has invested in new research initiatives, creating room for the
inflow of fresh revenues into the global digital dose inhalers market.
-- Asia Pacific is expected to accumulate stellar revenues in the digital
dose inhalers market. The high incidence of pulmonary disorders in the
region has played a defining role in market growth.
Analyze digital dose inhalers market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study,
Competitive Landscape
The leading vendors in the global digital dose inhalers market are banking on their ability to provide accurate and errorless devices. In 2019, FDA approved Teva Pharmaceutical Industries' ProAir Digihaler meant to control asthma and COPD. Some of the other key vendors in the global digital dose inhalers market are GlaxoSmithKline plc. 3M, AptarGroup, Inc., Sensirion AG Switzerland, and Cipla Inc.
Digital Dose Inhalers Market by Product
-- Metered Dose Inhalers
-- Dry Powder Inhalers
Digital Dose Inhalers Market by Application
-- Asthma
-- COPD (Chronic Obstructive Pulmonary Disease)
-- Others
Digital Dose Inhalers Market by Region
-- North America
-- U.S.
-- Canada
-- Europe
-- Germany
-- France
-- U.K.
-- Italy
-- Spain
-- Rest of Europe
-- Asia Pacific
-- China
-- Japan
-- India
-- ASEAN
-- Rest of Asia Pacific
-- Latin America
-- Brazil
-- Mexico
-- Rest of Latin America
-- Middle East & Africa
-- GCC
-- South Africa
-- Rest of Middle East & Africa
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