Overview:

In the year 2018, Europe Smart Inhaler Market was valued at USD 5.18 Million. By the year 2023, it is expected to reach USD 62.87 Million at pace of 64.77% CAGR.

Smart Inhaler is part of the new digital technology designed to improve the management of respiratory diseases. Smart inhalers are basically respiratory inhalers equipped with a digital sensor. The sensor installed in the inhaler has the ability to track data such as dosing time, monitor inhaler usage and schedule the next dose. Smart Inhalers can generate alerts for daily dosing to the user with the help of smart mobiles that are connected to the sensors via Bluetooth.

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Underlying Causes

The growth for Smart Inhaler market is driven due to factors like increasing air pollution which causes chronic infections like COPD, and asthma, growing adoption of digitalized medical devices, rising aging population, increasing awareness about Smart inhalers devices among people, and rising healthcare expenditure. In addition, rising focus by major pharmaceutical industries to improve the efficacy of prescribed medicines, advancement of technologies in the medical industry, increasing investments for R&D activities, and introduction of advanced devices which is expected to drive the market growth. However, high costs of devices, limitations in data privacy, and limited availability of devices are expected to decline the growth rate for Europe Smart Inhaler Market during the forecast period.

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Geographic Segmentation:

Based on geography the Europe Smart Inhaler market has been primarily divided into United Kingdom, France, Spain, Italy and Germany. Germany holds the largest market share in the Europe Smart Inhaler Market followed by U.K. and France due to favorable reimbursement, and increasing demand for Smart Inhaler devices are the driving factors in this region.

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Key Players:

Leading companies for Europe Smart Inhaler market are Vectura Group plc, Teva Pharmaceutical Industries Ltd., GlaxoSmithKline plc, Boehringer Ingelheim GmbH, AstraZeneca plc, Adherium Limited, Cohero Health, LLC, Propeller Health, GlaxoSmithKline plc and OPKO Health, Inc.

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