Global Asthma Monitoring Devices Market Size To Exceed USD 550.6 Million By 2035 | CAGR of 6.19%
Category: HealthcareGlobal Asthma Monitoring Devices Market Size To Exceed USD 550.6 Million By 2035
According to a research report published by Spherical Insights & Consulting, the Global Asthma Monitoring Devices Market Size is expected to grow from USD 284.5 Million in 2024 to USD 550.6 Million by 2035, at a CAGR of 6.19% during the forecast period 2025-2035.
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Browse key industry insights spread across 215 pages with 121 Market data tables and figures & charts from the report on the "Global Asthma Monitoring Devices Market Size, Share, and COVID-19 Impact Analysis, By Product (Spirometer, Smart Inhalers, and Peak Flow Meter), By End-User (Hospitals & Clinics, Homecare, and Diagnostic Laboratories), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/asthma-monitoring-devices-market
The asthma monitoring devices market is the industry encompassing devices, such as diagnostic and monitoring tools, that are used to track and manage asthma. Asthma monitoring devices aid in tracking and monitoring individual symptoms, lung function, and medication used for better management of asthma and preventing exacerbations. Asthma prevalence is increasing at an alarming rate due to a rise in allergic reactions, along with a growing geriatric population and advancements in the intelligent asthma monitoring devices market. The emergence of smart inhalers and telemedicine solutions is contributing to bolster the market growth opportunities for asthma monitoring devices. An increasing prevalence of asthma, which surges the demand for asthma monitoring devices for tracking and managing asthma patients’ conditions, is driving the market demand. On the contrary, the limited reimbursement policies, interoperability issues, as well as regulatory complexities are restraining the market growth.
The smart inhalers segment dominated the asthma monitoring devices market in 2024 and is projected to grow at the fastest CAGR during the forecast period.
Based on the product, the asthma monitoring devices market is divided into spirometer, smart inhalers, and peak flow meter. Among these, the smart inhalers segment dominated the asthma monitoring devices market in 2024 and is projected to grow at the fastest CAGR during the forecast period. The device is built with sensor technology that aids in recording the data about the time and data of use, as well as the location of the patient at each use. The integration of smart inhalers and other digital technologies for providing real-time data & insights is driving the market growth in the smart inhalers segment.
The hospitals & clinics segment dominated the asthma monitoring devices market in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the end-user, the asthma monitoring devices market is divided into hospitals & clinics, homecare, and diagnostic laboratories. Among these, the hospitals & clinics segment dominated the asthma monitoring devices market in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The growing preference for comprehensive & patient-centric care, and an integration of asthma monitoring devices for optimizing respiratory health management, are driving the market in the hospitals & clinics segment.
North America is expected to hold the majority share of the global asthma monitoring devices market during the forecast period.
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North America is expected to hold the majority share of the global asthma monitoring devices market during the forecast period. The growing adoption rate of wearable technologies, along with the region’s advanced healthcare infrastructure, is responsible for driving the asthma monitoring devices market. Further, the presence of well-established healthcare infrastructure and increased disposable income in the region is contributing to propelling the market.
Asia Pacific is anticipated to grow at the fastest pace in the global asthma monitoring devices market during the forecast period. An increasing prevalence of asthma and other respiratory conditions, and awareness about the importance of asthma monitoring are driving the asthma monitoring devices market. Further, the region’s growing healthcare awareness & smartphone penetration, as well as government activities & initiatives for combating the coronavirus pandemic, are propelling the regional market growth.
Europe is anticipated to hold a significant share of the asthma monitoring devices market during the projected timeframe. The growing emphasis on innovative healthcare solutions and asthma management awareness is contributing to driving the asthma monitoring devices market. Further, the high prevalence of respiratory diseases, along with the growing number of smokers and pollution levels with urbanization, is propelling the market demand.
Major vendors in the global asthma monitoring devices market are Koninklijke Philips N.V., Medtronic, GSK plc, F. Hoffmann-La Roche Ltd., COSMED srl., Teleflex Incorporated., SCHILLER., Hill-Rom, Inc., ICU Medical, Inc., SDI Diagnostics, AstraZeneca plc., Merck & Co., Inc., ResMed, Siemens, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In February 2022, Respira Labs, a Latina-led medical technology company specializing in respiratory care, announced it had closed $2.8 million to continue to develop and produce its chest wearable that uses acoustic resonance to assess lung function and identify changes in lung air volume.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the asthma monitoring devices market based on the below-mentioned segments:
Global Asthma Monitoring Devices Market, By Product
- Spirometer
- Smart Inhalers
- Peak Flow Meter
Global Asthma Monitoring Devices Market, By End-User
- Hospitals & Clinics
- Homecare
- Diagnostic Laboratories
Global Asthma Monitoring Devices Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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