PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477313
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477313
Global digital dose inhaler market is estimated to be valued at USD 18.33 Bn in 2024 and is expected to reach USD 64.33 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 19.6% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 18.33 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 19.60% | 2031 Value Projection: | US$ 64.33 Bn |
Digital dose inhalers are portable handheld devices that are used for delivering medication to treat respiratory diseases like asthma and COPD. These devices detect inspiration and release an exact dose of medication in the air aerosolized form for inhalation. Digital dose inhalers offer several advantages over conventional pressurized metered dose inhalers and dry powder inhalers. These are equipped with sensors that can track medication use automatically and transmit the data via Bluetooth to a companion app. This enables remote monitoring by physicians and ensures medication adherence. The connected features also allow the inhalers to provide feedback and reminders to patients. Digital dose inhalers aim to improve treatment outcomes for respiratory patients through personalized therapies, strict adherence monitoring, and integration with digital health solutions.
Global digital dose inhaler market growth is driven by growing prevalence of respiratory diseases globally, increasing focus on medication adherence, favorable government initiatives for respiratory disease management, and rising awareness about connected digital health solutions. However, the market growth can be hampered by high costs associated with developing and manufacturing digital inhalers as compared to conventional inhalers. Lack of reimbursement policies for digital therapeutic devices in some countries also hampers its adoption. Continual technological advancements, increasing internet and smartphone penetration, expanding applications of digital inhalers beyond respiratory diseases present significant growth opportunities for market players.
Detailed Segmentation-