Wearables For Asthma Management Market Size, Share, Opportunities, And Trends By Type (Smart Inhalers, Wearable Spirometers, Activity Trackers With Asthma Monitoring), By Technology (Bluetooth Connectivity, Sensor Technology, Mobile Apps And Platforms), By Application (Asthma Symptom Monitoring, Medication Adherence Tracking, Peak Flow Rate Monitoring, Trigger Identification, Personalized Asthma Management), By End-User (Patients With Asthma, Healthcare Providers, Hospitals And Clinics, Research Institutions), And By Geography - Forecasts From 2023 To 2028

The wearables for asthma management market is estimated to grow at a CAGR of 13.82% during the forecast period.

The wearables for asthma management market are expanding rapidly as new technologies transform how asthma is monitored and controlled. These wearable devices detect crucial information in real-time, allowing users to proactively monitor their asthma symptoms, triggers, and prescription consumption. Wearables enable patients and healthcare providers to adapt treatment plans and actions by giving personalised insights and data-driven suggestions. The increased incidence of asthma, the growing need for remote monitoring solutions, and developments in sensor technology are driving market growth. Wearables are becoming crucial instruments in revolutionising the care of this chronic respiratory disorder, with the potential to increase patient participation, decrease hospitalisations, and improve asthma control.

Advancements in Wearable Sensor Technology Enhances the Wearables for Asthma Management Market Growth.

Wearable sensor technology advancements are critical to the growth of wearables for the asthma management market. These advancements enable the construction of precise and dependable sensors capable of monitoring numerous physiological indicators associated with asthma. Advanced sensors in wearable devices can monitor breathing patterns, airflow, lung function, and environmental triggers in real-time. This information offers users and healthcare professionals with in-depth knowledge of asthma management. The smaller, more efficient, and user-friendly sensors aid in the seamless integration of wearable devices into everyday activities, improving asthma symptom monitoring and enabling prompt therapies.

Increasing Prevalence of Asthma in Wearables for Asthma Management Market.

The growing incidence of asthma, a chronic respiratory ailment that affects millions worldwide, is driving the wearables for the asthma management market. Asthma affects around 235 million people worldwide, according to the World Health Organisation (WHO). As this figure rises, so will the demand for better asthma control options. Wearable gadgets enable patients to track symptoms, triggers, and medication adherence in real-time. The industry is poised for expansion due to wearable technology's ability to empower patients and improve treatment results. The rise in asthma cases emphasises the importance of novel solutions such as wearables, which have the potential to improve asthma management and overall quality of life.

Rising Awareness of Asthma Self-Management Boosts the  Wearables for Asthma Management Market Size.

The growing awareness of asthma self-management is propelling the wearables for the asthma management market. Monitoring asthma symptoms and triggers is becoming increasingly important as people become more proactive in managing their health. Wearable technologies make it easy to monitor lung function, medication adherence, and environmental impacts. Users may take a more active part in monitoring their illness, making educated decisions, and seeking timely therapies with real-time data and insights at their fingertips. The growing emphasis on self-care coincides with the potential of wearable technology, making it an essential tool for people looking to optimise their asthma control and general well-being.

North America is the Market Leader in the Wearables for Asthma Management Market.

North America is the market leader in wearables for asthma management market. Factors such as excellent healthcare infrastructure, technological innovation, and a high prevalence of asthma contribute to the region's importance. North America uses wearables for asthma control as a tool to improve patient outcomes, with a focus on remote patient monitoring and chronic illness management. Wearables provide a handy option for monitoring asthma symptoms, triggers, and medication adherence in the United States and Canada, where demand for personalised health solutions is expanding. Collaborations between healthcare providers, technology businesses, and research institutes contribute to North America's leadership in pushing improvements in wearable asthma treatment solutions.

Potential to Reduce Hospitalizations and ER Visits in Wearables for Asthma Management Market.

The wearables for asthma management market have the potential to drastically reduce asthma exacerbation-related hospitalisations and emergency room (ER) visits. Asthma-related hospitalisations continue to be a significant healthcare burden. According to the Centres for Disease Control and Prevention (CDC), asthma-related hospitalisation rates in the United States alone were about 2.6 per 10,000 people in 2020. Wearable technologies with real-time monitoring capabilities can assist patients in detecting early indicators of deteriorating asthma symptoms, allowing for prompt treatments and averting severe attacks. These wearables allow users to manage their illness proactively by providing personalised insights and actionable data, possibly reducing the need for hospitalisation and ER visits, easing the pressure on healthcare systems and improving patient outcomes.

Key Developments:

• In March 2023, A new partnership between UC Davis Health and Propeller Health has been announced with the goal of enhancing the health outcomes of high-risk patients with asthma and chronic obstructive pulmonary disease (COPD).
• In Aug 2020, Alvotech, a global biotech company specializing in the development and production of biosimilar medicines for patients worldwide, and Teva Pharmaceuticals, Inc., a U.S. affiliate of Teva Pharmaceutical Industries Ltd., a global leader in generic and innovative medicines, announced today that they have agreed to expand their current strategic partnership agreement. Additionally, Teva will purchase subordinated convertible bonds that Alvotech will be issuing.
• In November 2020, Cohero Health, Inc., a digital therapeutics company revolutionizing respiratory disease management for asthma and chronic obstructive pulmonary disorder (COPD), announced that it has acquired all operating assets and the proprietary portfolio from AptarGroup, Inc., a global leader in consumer dispensing, active packaging, drug delivery solutions and services.

Company Products:

• Wearable Lung Function Monitors: NuvoAir creates wearable devices that monitor lung function by measuring factors such as peak flow and forced expiratory volume. These devices provide information on respiratory health and can be used to monitor illnesses such as asthma.
• Mobile App for Asthma Management: AsthmaMD is a smartphone app that allows users to track and manage their asthma symptoms, triggers, and prescription consumption.
• Connected Inhaler Devices: Adherium provides smart inhaler devices that attach to ordinary asthma inhalers. These devices record drug consumption data, such as inhaler actuations and timings.
• Smart Inhaler Sensors: Propeller Health provides smart inhaler sensors for regular metered-dose inhalers. These sensors monitor the use of asthma drugs and provide data to a smartphone app.
• Real-Time Monitoring: Propeller Health's technologies track medication adherence and consumption habits in real time. Patients and healthcare practitioners may both access this data to make better informed decisions.
• Bluetooth Connectivity: The Bluetooth technology in the smart inhaler devices wirelessly transfers consumption data to a mobile app on the user's smartphone.

Key Segment:

• By Type
  • Smart Inhalers
  • Wearable Spirometers
  • Activity Trackers With Asthma Monitoring
• By Technology
  • Bluetooth Connectivity
  • Sensor Technology
  • Mobile Apps And Platforms   
• By Application
  • Asthma Symptom Monitoring
  • Medication Adherence Tracking
  • Peak Flow Rate Monitoring
  • Trigger Identification
  • Personalized Asthma Management   
• By End-User
  • Patients With Asthma
  • Healthcare Providers
  • Hospitals And Clinics
  • Research Institutions    
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain   
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Sources

2.3. Research Design

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5.  WEARABLES FOR ASTHMA MANAGEMENT MARKET, BY TYPE

5.1. Introduction

5.2. Smart Inhalers

5.3. Wearable Spirometers

5.4. Activity Trackers with Asthma Monitoring                         

6. WEARABLES FOR ASTHMA MANAGEMENT MARKET, BY TECHNOLOGY

6.1. Introduction

6.2. Bluetooth Connectivity

6.3. Sensor Technology

6.4. Mobile Apps and Platforms                    

7. WEARABLES FOR ASTHMA MANAGEMENT MARKET, BY APPLICATION

7.1. Introduction

7.2. Asthma Symptom Monitoring

7.3. Medication Adherence Tracking

7.4. Peak Flow Rate Monitoring

7.5. Trigger Identification

7.6. Personalized Asthma Management    

8. WEARABLES FOR ASTHMA MANAGEMENT MARKET, BY END-USER

8.1. Introduction

8.2. Patients with Asthma

8.3. Healthcare Providers

8.4. Hospitals and Clinics

8.5. Research Institutions        

9.  WEARABLES FOR ASTHMA MANAGEMENT MARKET, BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. United States

9.2.2. Canada

9.2.3. Mexico

9.3. South America

9.3.1. Brazil

9.3.2. Argentina

9.3.3. Others

9.4. Europe

9.4.1. United Kingdom

9.4.2. Germany

9.4.3. France

9.4.4. Italy

9.4.5. Spain 

9.4.6. Others

9.5. Middle East and Africa

9.5.1. Saudi Arabia

9.5.2. UAE

9.5.3. Others

9.6. Asia Pacific

9.6.1. Japan

9.6.2. China

9.6.3. India

9.6.4. South Korea

9.6.5. Indonesia 

9.6.6. Taiwan

9.6.7. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Emerging Players and Market Lucrativeness

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Vendor Competitiveness Matrix

11. COMPANY PROFILES

11.1. Propeller Health (Now part of ResMed)

11.2. Adherium Limited

11.3. Teva Pharmaceuticals

11.4. Cohero Health

11.5. NuvoAir

11.6. AstraZeneca plc

11.7. Health Care Originals

11.8. InspiRx, Inc.

11.9. Amiko Digital Health Limited

11.10. Healthimation, LLC                           

Propeller Health (Now Part Of Resmed)

Adherium Limited

Teva Pharmaceuticals

Cohero Health

Nuvoair

Astrazeneca Plc

Health Care Originals

Inspirx, Inc.

Amiko Digital Health Limited

Healthimation, Llc