The Global Asthma Warning Sensors Market Size is is predicted to witness a 6.0% CAGR during the forecast period for 2024-2031.
Asthma warning sensors are a class of connected inhalers that employ a variety of technology, such as bluetooth sensors, to detect prescription drug use and share the data with doctors, may encourage adherence to preferred controller chemotherapy use, and may preventatively detect the worsening of asthma symptoms. Globally elevating the incidence of chronic respiratory diseases such as asthma is primarily driving the asthma warning sensor market expansion. Diagnostics and mobile-based access are in higher demand due to Industry 4.0 and the Industrial Internet of Things (IoT), which will advance the sector.
Throughout the forecast period, the asthma warning sensor market expansion is anticipated to be further fueled by the growing applications of the Internet of things, an increase in the use of sensors in homes and clinics, as well as an improved patient understanding of disease monitoring and diagnosis.
The number of opportunities that will support the asthma warning sensor market growth during the anticipated period will further increase due to rapid technological developments in the healthcare sector.
Recent Developments:
- In November 2020- Innovating sensor solutions for connected PCs, the Internet of Things, portable applications, and next-generation mobile phones was a joint effort between Qualcomm Technologies and STMicroelectronics.
- In September 2020- Two, digital inhalers, ArmonAir® Digihaler (fluticasone propionate) and AirDuo® Digihaler (fluticasone propionate and salmeterol) were introduced by Teva Pharmaceutical Industries Ltd. to allow patients to communicate objective inhaler use data with their healthcare professionals.
Competitive Landscape:
Some of the asthma warning sensors market players are:
- AT&T Inc.
- Siemens Healthineers AG
- Sparo Labs
- Reciprocal Labs Corporation (Propeller Health)
- AlerSense Inc.
Market Segmentation:
Asthma warning sensors market is segmented on the type, technology, parameter measured and end user. Based on the product, the asthma warning sensors market is segmented into wearable and nonwearable devices. Asthma warning sensors market is segmented based on technology: Ai, IoT, machine learning, and others. The asthma warning sensors market is segmented into FEVI1 and peak flow based on the parameter measure. Based on end-use, the asthma warning sensors market is segmented into hospitals and homecare.
Based On Type, The Wearable Devices Segment Is A Major Contributor To The Asthma Warning Sensors Market
The market's leading segment is wearable devices. These devices can continuously and routinely monitor patient conditions and potential warning signals, supporting the expansion of the global asthma warning sensors market over the next five years. The development of wearable gadgets is being fueled by rising consumer electronics spending, urbanization, and improved lifestyles of the expanding population. These factors have increased people's awareness of health and safety.
The Artificial Intelligence Segment Witnessed Growth At A Rapid Rate
Artificial Intelligence grabbed the highest revenue share, and it is anticipated that it will continue to hold that position during the anticipated time. To increase the efficacy of drug delivery and preserve a track record, artificial intelligence (AI) in asthma warning sensors is responsible for the regular and watched administration of the medications directly to the respiratory tract of patients. To reach the target population, leading manufacturers of smart asthma warning sensors are concentrating on working in partnership with digital and software firms.
The North American Asthma Warning Sensors Market Holds A Significant Regional Revenue Share
The North American asthma warning sensors market is expected to register the highest market share in revenue shortly due to the area's early technological adoption. The expansion of this market is driving the lucrative growth of the North American market for several reasons, including a well-developed healthcare infrastructure, the availability of suitable and favourable reimbursement policies, the quick adoption of the latest medical innovations, and major companies in the region. The North American economy is growing due to the region's tremendous technological improvement.
In addition, Asia Pacific is projected to grow rapidly in the global asthma warning sensors market in the forecast period. Favorable government measures encouraging the use of such wearable medical devices, the growing ageing population, and higher expenditures in this region are the main drivers of market expansion.
Asthma Warning Sensors Market Report Scope:
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Report Attribute |
Specifications |
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Growth rate CAGR |
CAGR of 6.0% from 2024 to 2031 |
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Quantitative units |
Representation of revenue in US$ Billion, volume (number of units) and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Type, Technology, Parameter Measured And End User |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Competitive Landscape |
AT&T Inc., Siemens Healthineers AG, Sparo Labs, Reciprocal Labs Corporation (Propeller Health), AlerSense Inc. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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