Asthma is a common chronic disease among children which worsens with age. Asthma is a complex inflammatory disease projected to be caused by genetic mutation or other environmental factors. In asthma, the airway muscles become hypersensitive to various allergens, which triggers inflammation of the muscular wall of airway tract, thereby narrowing the airway passage. The inflammation eventually leads to thickening of smooth muscle of the airway tract, which results in restricted air flow affecting the breathing process. Asthma attack can be lethal if not addressed or treated on time. In order to treat asthma, patients are administered with various drugs though inhalers and nebulizers that include albuterol, steroids, beta agonists, etc. Health monitoring of asthma patients and tracking of treatment are critical in the management of asthma. Asthma monitoring is done at hospitals and clinics, and even at home care settings. Technological advancements, such as, improved biomarker sensors, connected health care, and compact designing, have introduced new wearable asthma monitors and many such devices are in the development phase.

According to a report published by the World Health Organization in 2017, 235 million people across the world were affected with asthma and, in 2015, the disease accounted for 383,000 deaths worldwide. The Centers for Disease Control & Prevention of the U.S. states that, in 2016, around 26 million Americans were affected with asthma. The incidence rate of asthma is rising among children due to increasing susceptibility to various airborne allergens and other associated risk factors. According to the United States Environmental Protection Agency (EPA), in 2015, prevalence of asthma among children was 8.4% in the U.S. As the number of asthma cases is rising, demand for precise monitoring is driving the industry to develop new diagnostic and monitoring devices, such as, wearable and connected devices. However, high price of these devices and relatively low patient compliance to use advanced monitoring devices are likely to hamper the expansion of the market. Moreover, limited access to these devices in developing and underdeveloped markets is an area of concern among health care providers and researchers.

Asthma monitoring devices are non-invasive devices which use different parameters to monitor the patients’ health, treatment compliance, onset of asthma attack, etc. The global asthma monitoring devices market can be segmented based on technology, ergonomics, end-user, and geography. Based on technology, the global market can be divided into peak expiratory flow (PEF) measurement, forced expiratory volume (FEV1) measurement, acoustic measurement of breathing sounds & wheezing, exhaled nitrite measurement (FeNO), and others. PEF and FEV1, which are widely applied techniques in peak flow meters, are likely to get replaced by the advanced and patient-friendly FeNO and acoustic measurement based monitoring devices. Most of these devices are offered as compact wearable devices with mobile connectivity for data sharing. In terms of ergonomics, the global market can be classified into bench-top, wearable, and handheld devices. Based on end-user, the global asthma monitoring devices market can be categorized into hospitals & clinics, home care settings, and others.

In terms of geography, the global asthma monitoring devices market can be categorized into North America, Europe, Asia Pacific, and Rest of the World. North America is projected to account for a leading share of the global market during the forecast period, due to high adoption of technically advanced medical devices and awareness for personalized health care facilities in the region. Moreover, most of the key industry players are based in the U.S., which is estimated to augment the growth of the market. Europe is anticipated to account for a significant share of the global asthma monitoring devices market during the forecast period. Well-established health care infrastructure and increasing demand for preventive health care in the European countries are the key factors driving the expansion of the global asthma monitoring devices market in the region. Increasing awareness of asthma and rising private health care expenditure in emerging markets, such as China and India, is anticipated to boost the asthma monitoring devices market in Asia Pacific.

Major players operating in the global asthma monitoring devices market are Respiri Limited, Spirosure Inc., Volansys Technologies Pvt. Ltd., Vitalograph, Health Care Originals, Inc., Microlife Corporation, OMRON Healthcare, and others. Besides these key players, many public hospitals and universities, such as, University of Rochester, Rutgers University, etc. are also developing new asthma monitoring devices.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Asthma Monitoring Devices Market

Pre Book