Digital Respiratory Devices Market - Introduction

Digital respiratory devices compromises therapeutic and diagnostic devices which are connected to smartphone applications or other data collection modules. These devices are used in the treatment and monitoring of asthma, chronic obstructive pulmonary diseases (COPD), and other respiratory diseases. Digital respiratory devices help to deliver correct dose of the drug and also monitor patient health and treatment outcomes efficiently. These technologically advanced devices enable patient and physician to monitor, record, and track the dose recording during the treatment. Better disease management can be achieved with the help of smart respiratory devices.

Digital Respiratory Devices Market - Competitive Landscape

The global digital respiratory devices market is highly fragmented due to the presence of large number of players. A large number of manufacturers hold prominent market shares in their respective regions. Leading players in the global digital respiratory devices market are Teva Pharmaceutical Industries Ltd., Propeller Health, 3M, AstraZeneca, Glenmark, Adherium Ltd., Pneuma Respiratory, Findair Sp. z o. o, Cohero Health, Inc., and Amiko Digital Health Limited. In December 2018, ResMed acquired Propeller Health. This acquisition enabled the company to strengthen its position in digital health for COPD. In February 2019, Orion entered into partnership agreement with Propeller Health to bring new smart medicines to patients with COPD and asthma. This enabled Propeller Health to expand presence in Europe. These strategies by key players contribute to the growth of the global respiratory devices market. Demand for digital respiratory devices has increased in developed as well as developing markets. Industry players are adopting the practice of appointing third-party distributors to expand market presence. For instance, in August 2018, Pneuma Respiratory, Inc. announced that Haisco Pharmaceutical had agreed to make equity investment in the company. This agreement enabled Haisco Pharmaceutical to distribute Pneuma Respiratory, Inc.’s products in China.

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Teva Pharmaceutical Industries Ltd.

Founded in 1901 and headquartered in Petach Tikva, Israel, Teva Pharmaceutical Industries Ltd. is one of the leading players in the market. The generics business is the key strength of the company. It also operates in the specialty medicine and OTC business segments. Teva Pharmaceutical Industries operates globally, with a significant presence in the U.S., Europe, and other parts of the world. It has presence in 60 countries.

AstraZeneca

Incorporated in 1999 and headquartered in Cambridge, the U.K., AstraZeneca is one of the leading biopharmaceutical companies engaged in the design, development, and commercialization of products for therapeutic areas such as respiratory, renal & metabolism, cardiovascular, and oncology. The company has presence in more than 100 countries and its innovative medicines are used by millions of patients across the globe.

Glenmark

Established in 1977 and headquartered in Mumbai, India, Glenmark is one of the leading pharmaceutical organizations. The company have mainly focused on developing new chemical entity and new biological entity. It offers products in therapeutic areas including dermatology, respiratory, and oncology. Glenmark has 16 manufacturing facilities and six research and development centers in five countries.

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Digital Respiratory Devices Market - Dynamics

Rise in Prevalence of Respiratory Diseases

According to the World Health Organization, in 2016, an estimated 251 million cases of chronic obstructive pulmonary diseases were recorded across the world. Moreover, globally, around 339 million people were affected by asthma in 2018. Furthermore, COPD accounts for more than 3 million deaths across the world each year. Rise in prevalence of asthma, COPD, and other respiratory diseases is likely propel the global market.

New Product Launch and Approval

In December 2018, Teva Pharmaceutical Industries Ltd. received clearance from the Food and Drug Administration for its digital inhaler. In April 2018, Adherium Ltd. received OTC clearance for AstraZeneca’s Symbicort inhaler. In May 2016, Glenmark launched first digital inhaler for COPSD and asthma. Product launch and approval by key players is anticipated to boost the growth of the global digital respiratory devices market.

Digital Respiratory Devices Market - Segmentation

The global digital respiratory devices market can be segmented based on product, application, distribution channel, and region.

Based on product, the global digital respiratory devices market can be divided into:

  • Therapeutic Devices
    • Inhalers
      • Smart Inhalers
      • Adaptors for Conventional Inhalers
    • Nebulizers
  • Diagnostic Devices
    • Spirometers
    • Asthma Monitors
    • Others
  • Apps

In terms of application, the global digital respiratory devices market can be classified into:

  • Asthma
  • COPD
  • Others

Based on distribution channel, the global digital respiratory devices market can be categorized into:

  • Online Pharmacies
  • Hospital Pharmacies
  • Retail Pharmacies

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in 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.

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