Global Asthma Warning Sensors Market, By Type (Wearable v/s Non-Wearable), By Technology (AI, IoT, Machine Learning, Others), By Parameter Measured (FEV1 v/s Peak Flow), By End User (Hospitals & Clinics v/s Homecare), By Region, Competition Forecast and Opportunities, 2027
Global asthma warning sensors market is expected to show robust growth with an impressive CAGR in the forecast period, 2017-2027 on the account of rapidly increasing instances of asthma among the population. The need to monitor asthma cases and conditions in the population to avoid attacks and related morbidity is driving the growth of the global asthma warning sensors market in the upcoming five years. Moreover, depleting environmental conditions and increasing pollution ratios are further supporting the growth of the global asthma warning sensors market in the next five years. Additionally, technological advancements in the health care system have led to the development of digital devices that alert patients of a possible asthma attack. These monitoring devices have the ability to monitor adherence, as well as it provides access to data so that it can be used to create alerts and information for the doctors and experts who are monitoring the patients. These advanced features of the asthma warning sensors are further substantiating the growth of the global asthma warning sensors market in the future five years.
Asthma warning sensors are a kind of connected inhalers that uses various technology like bluetooth sensors that is attached to detect medication use and share the data with physicians, may promote adherence to recommended controller medication use and proactively detect worsening of asthma symptoms. These devices specifically measure the pollutants that can set-off asthma attacks and warn people with asthma for probable attacks or worsening breathing conditions.
The global asthma warning sensors market is segmented by type, technology, parameter measured, end user, competitional landscape, and regional distribution. Based on type, the market is further segmented into wearable and non-wearable. Wearable sensors are anticipated to hold the fastest growing CAGR value in the upcoming five years on the account of surging demand for the movable and wearable medical devices. These devices can keep a consistent and regular checks over the patient condition and prospective warning signs thus aiding the growth of the global asthma warning sensors market in the next five years. Non-wearable sensors are expected to hold the largest revenue shares of the market and dominate the market segment in the future five years due to consistent demand from the asthma patients. Moreover, increasing instances and rapidly increasing cases of asthma is also driving the growth of the global asthma warning sensors market in the forecast period.
Holding the major shares of the global asthma warning sensors market are AT&T Inc., Siemens Healthineers AG, Sparo Labs, Reciprocal Labs Corporation (Propeller Health), AlerSense Inc., among others. Market players are actively involved in the research and technological development in the product developments. The advanced technology has made it possible for the industry to provide excellent services through Asthma warning sensors. Further advancement would aid the market value and brand establishment in the future five years. New market players may focus on the research and development to provide options that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2027
Objective of the Study:
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