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Asthma is an inflammatory disease of the airways of lungs which makes breathing difficult. Symptoms of asthma appear when the lining of the airways swell and the associated muscles around the airway tighten. Common symptoms of asthma include wheezing, coughing, especially in the night, tightness in the chest, fatigue, and shortness of breath. The trigger factors for asthma are dust, excess heat, cold air, stress, and vigorous exercise. Other triggers include allergens such as certain foods, cigarette smoke, house dust, animal danders, pollen, perfumes, and pollution. Effective management of the condition along with right medication would enable patients to lead a normal life. Asthma monitoring is monitoring the symptoms of the condition to prevent attacks and morbidity. Self-monitoring of asthma includes peak-expiratory flow monitoring and symptom-based monitoring. Technological advancements in health care have led to the development of digital solutions that alert patients of a possible asthma attack.

Rising levels of pollution across the globe is a leading factor contributing to the increase in the number of people suffering from asthma. This is projected to drive sales of intelligent asthma monitoring devices. According to the Centers for Disease Control and Prevention (CDC), over 27 million people in the U.S. suffered from asthma in 2017. It was one of the chronic conditions in children, with a prevalence of 1 in every 12 children. According to Asthma UK, currently, there are over 300 million people suffering from asthma globally, and the number is anticipated to rise by over 100 million by 2025. Additionally, rise in awareness among the people about the advantages of intelligent asthma monitoring devices, technological advancements, and increase in the number of companies focused on the development of these devices leading to significant product launches fuel the growth of the intelligent asthma monitoring devices market. However, product recalls and lack of knowledge about the effective use of these devices are expected to hamper the growth of the intelligent asthma monitoring devices market. 

The global intelligent asthma monitoring devices market can be segmented based on product type, end-user, and region. In terms of product type, the market can be classified into wearable devices, smart inhalers, and nebulizers. The smart inhalers segment includes dry-powdered inhalers and metered dose inhalers. Wearable devices detect respiration rate, heart rate, cough count, and wheezing, based on which it alerts patients of a possible asthma attack. Based on end-user, the global intelligent asthma monitoring devices market can be categorized into hospitals, clinics, and home care settings.

Geographically, the global intelligent asthma monitoring devices market can be segmented into five major regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America accounted for the largest share of the global market in terms of revenue in 2017 and the trend is anticipated to continue during the forecast period. Robust growth in the region can be attributed to increase in awareness among people and rise in prevalence of allergic reactions. Europe is projected to be the second leading market, recording significant sales of intelligent asthma monitoring devices. However, sluggish economy in the region is expected to hamper the growth of the intelligent asthma monitoring devices market. The intelligent asthma monitoring devices market in Asia Pacific is likely to expand at a high CAGR owing to increase in pollution levels, rise in prevalence of asthma, and surge in focus on enhancing treatment.

Leading players operating in the global intelligent asthma monitoring devices market are Health Care Originals, Koninklijke Philips N.V., Vectura Group plc, Propeller Health, Teva Pharmaceutical Industries Ltd., Adherium Limited, AstraZeneca plc, Cohero Health, Inc., Respiri, Quvium, 3M, AEvice Health, Anaxsys, and GlaxoSmithKline plc.

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.

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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.

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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.

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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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Intelligent Asthma Monitoring Devices Market

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