
The market representing intelligent asthma monitoring devices is expected to grow dramatically in six years. In a report published by Allied Market Research, the market generated $180.5 million in 2020, and is anticipated to reach $1.69 billion by 2030. Intelligent asthma devices include wearable, smart inhalers, nebulizers, peak flow meters and other related technology.
In particular, the report studied important strategies, drivers, competition, market dynamics, size and important investment regions. The Asia-Pacific region and the homecare segment will likely represent most of that growth, according to the report.
The rising prevalence of asthma is driving the quest to develop intelligent asthma monitoring devices. The condition is the most common chronic respiratory disease. It affects an estimated 262 million people worldwide. And asthma is only growing worse, particularly in developing countries, thanks to air pollution, urbanization and changes in lifestyle.
As such, intelligent asthma monitoring devices can provide patients with real-time data on their condition and aid them in making informed treatment decisions. These devices have become increasingly more accurate, consumer-friendly and affordable.