Smart Inhalers Market Size, Share & Trends Analysis Report By Type (Dry Powdered Inhalers, Metered Dose Inhalers), By Indication (Asthma, COPD), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies), By End Use, By Region, And Segment Forecasts, 2024 - 2030

Smart Inhalers Market Size & Trends

The global smart inhalers market size was estimated at USD 15.4 billion in 2023 and is expected to expand at a CAGR of 19.4% from 2024 to 2030. The rising prevalence of chronic respiratory diseases (CRDs) globally, the development of technologically advanced products, and the growing adoption of digital solutions in the healthcare sector are expected to contribute to the market's growth. According to estimates from the American Lung Association in 2022, 11.7 million people, or 4.6% of adults, reported a diagnosis of COPD, including chronic bronchitis and emphysema. In addition, the WHO estimates that potentially fatal respiratory diseases, including COPD, lung cancer, and tuberculosis, will account for about one in five deaths worldwide by 2030.

The increasing focus on developing smart inhalers and a rise in initiatives by key market players for R&D efforts drive the demand for smart inhalers. In addition, more companies are integrating digital technologies into their product offerings to enhance medication effectiveness and the management of asthma and COPD. For instance, in April 2022, Aptar Pharma, a market player, introduced HeroTracker Sense, a chronic respiratory digital e-health solution that converts a conventional metered dose inhaler into a smart inhaler.

Furthermore, various research studies highlighting the benefits of adopting smart inhalers, such as assisting patients in treatment adherence and controlling symptoms, are also contributing to the market growth. For instance, a 2020 Cleveland Clinic study discovered that patients with COPD using Propeller company’s smart inhalers had a noticeably lower risk of being admitted to the hospital, with a nearly 35% drop in visits compared to the prior year.

In addition, the COVID-19 pandemic significantly disrupted supply chains globally, leading to inventory shortages. This disruption complicated regulatory, clinical testing, and post-approval procedures during the pandemic. However, post-pandemic market growth is anticipated owing to the increasing adoption of connected medical devices among healthcare providers to enhance patient care.

Industry Dynamics

The industry growth is high, and the pace of the industry growth is accelerating. The smart inhalers industry is characterized by the increasing prevalence of respiratory diseases, the aging population, increasing initiatives by government and private organizations to increase awareness about respiratory diseases, and increasing innovation and product launches by players.

The smart inhaler market is characterized by a high degree of innovation as industry players are developing innovative solutions such as inhalers with sensors, trackers, connectivity features, and integrated digital platforms to gain better health insights into patient health. Increasing efforts to develop such technologies is increasing the opportunity for future innovations in the industry. For instance, in July 2023, Teva UK launched the GoResp Digihaler system for asthma and COPD patients in the UK. This inhaler device contains in-built sensors that detect and record the patient’s data, which is used in further consulting and treatment.

Key players are implementing strategic initiatives, such as mergers and acquisitions to strengthen their industry presence. In November 2020, AptarGroup, Inc. acquired Cohero Health, Inc. to expand its respiratory disease management portfolio. The acquisition significantly contributed to the digital portfolio of the company and increased its ability to offer diagnostics solutions in the respiratory disease category.

The industry is characterized by a medium degree of regulatory impact, as regulation has a positive and negative impact. Regulations ensure the safety and efficiency of devices, which significantly improves their performance and thus increase their adoption. However, a stringent regulatory framework might impact the cost and development time of the devices, increasing inconvenience for industry players and healthcare systems.

Industry players are increasingly focusing on geographic expansion to capture untapped markets. The growth of healthcare sectors in developing regions offers significant opportunities for market players. In addition, the rising awareness of respiratory diseases and the growing acceptance of technologically advanced devices are creating further expansion opportunities for these companies. By entering new markets and regions, players aim to broaden their reach and capitalize on emerging opportunities in the global respiratory devices market.

Type Insights

Based on type, the market is segmented into dry powdered inhalers (DPIs) and metered dose inhalers (MDIs). The MDIs segment accounted for the largest revenue share of 64.0% in 2023. MDIs have gained popularity as they are easy and efficient to use in short spray bursts of a fixed dose, which the patient themselves generally administers through inhalation. In September 2022, OzUK Limited, the UK-based research lab, partnered with H&T Presspart to bring generic MDIs for traditional COPD/Asthma applications into the market for H&T Presspart's clients.

The dry powdered inhalers (DPIs) segment is expected to grow at a CAGR of 18.7% over the forecast period. The segment growth is attributed to the growing concerns over the environmental impact of inhaler devices that use chlorofluorocarbons as propellants, making DPIs a preferred choice over pressurized MDIs and nebulizers for the treatment of respiratory illnesses. Moreover, the increasing demand for dry-powered inhalers encourages market players to develop advanced and effective ones. For instance, in June 2021, Glenmark Pharma announced the launch of its Tiotropium Bromide Dry Powder Inhaler under the brand name Tiogiva for COPD in the UK.

Indication Insights

Based on indication, the market is segmented into COPD, asthma, and others. COPD accounted for the largest revenue share of 50.7% in 2023, attributed to the high prevalence of the disease globally. According to the Forum of International Respiratory Societies (FIRS) September 2021 report, COPD is the predominant non-infectious lung disease worldwide, affecting around 300 million individuals, or about 4% of the global population.

The asthma segment is anticipated to grow at a significant CAGR over the forecast period due to the increasing prevalence of asthma. According to data from the Centers for Disease Control and Prevention (CDC), approximately 7.7% of the U.S. population, equating to around 24.96 million people, had asthma in 2021. This high prevalence is expected to drive demand for smart inhalers and other innovative solutions, thereby contributing to market growth.

Distribution Channel Insights

The hospital pharmacies segment accounted for the largest revenue share of 44.3% in 2023. Hospital pharmacies offer better flexibility, comfort, and convenience for purchasing smart inhalers for hospitalized patients. Moreover, hospitals are witnessing a higher concentration of patients owing to the increasing incidences of a variety of chronic respiratory illnesses, which are the primary user groups for smart inhalers. Thus, it becomes convenient for patients to purchase smart inhalers from nearby hospital pharmacies, which is contributing to the segment's growth.

The online pharmacies segment is expected to grow at the fastest CAGR of 22.1% over the forecast period. The growth is due to its convenience, wider product availability, and competitive pricing. The shift to online shopping has been accelerated by the COVID-19 pandemic, making it a preferred option for many consumers. In addition, online pharmacies provide extensive product information and user reviews, aiding informed decision-making. Their integration with digital health platforms enhances prescription management and user experience, contributing to the segment growth.

End Use Insights

Hospitals accounted for the largest revenue share of 51.3% in 2023. Rapid advancements in healthcare infrastructure, expanding public-private partnerships, and better access to healthcare services are all expected to significantly impact the hospitals segment. Similarly, hospitals are the early adopters of smart inhaler technology as they deal with patients with various respiratory diseases. Moreover, the increasing patient pool further pushes the hospitals to maintain a high stock of a variety of smart inhalers to meet the demands of different patients.

The home care settings segment is anticipated to grow at the fastest CAGR of 20.3% over the forecast period. The rising cost of hospital care, improved technology, an increasing focus on remote patient monitoring, and increasing telehealth integration have significantly shifted patients' preference to get treatment in home care settings rather than hospitals. The convenience of getting treatment in a home care setting is further pushing its demand, which is expected to drive the segment's growth.

Regional Insights

North America dominated the global smart inhalers market and accounted for 45.1% share in 2023. The developed healthcare infrastructure of the region, the increasing prevalence of COPD and asthma, and the adoption of advanced medical devices are the major contributors to the region's market growth. Similarly, the regulatory bodies are also supportive of the products or solutions that help to counter this increasing prevalence of respiratory diseases. For instance, in September 2021, Adherium Limited announced that the U.S. FDA 510(k) approved its Hailie Sensor. The sensor includes physiological steps for monitoring asthma and COPD medications in the U.S.

U.S. Smart Inhalers Market Trends

The smart inhalers market in the U.S. is expected to grow at a significant CAGR over a forecast period. This growth is attributed to the increasing prevalence of chronic diseases, growing investments and focus on the development of new advanced products, and the growing geriatric population of the country. According to the Population Reference Bureau (PRB), the older population of the U.S. aged above 65 years is anticipated to increase by 47% from 58 million in 2022 to 82 million in 2050. This increasing geriatric population is more susceptible to the respiratory diseases. Smart inhalers empowers this population to manage their health conditions and thus is expected to experience demand over the forecast period.

The smart inhalers market in Canada is anticipated to grow at a significant rate owing to the high respiratory disease rate, increasing government support for chronic disease management, and increasing public awareness about the benefits of smart inhalers. According to the Asthma Canada 2021 Annual Report, asthma is the third most common chronic disease in the country, affecting more than 3.8 million Canadians. Moreover, asthma has an even higher prevalence in children, as more than 850,000 children in the country have asthma. This high prevalence of respiratory diseases in the country is anticipated to increase the demand for smart solutions such as smart inhalers, driving the market growth in the country.

Asia Pacific Smart Inhalers Market Trends

The smart inhaler market in Asia Pacific is anticipated to witness the fastest growth over the forecast period. The developing healthcare infrastructure, growing geriatric population base, growing prevalence of respiratory diseases, and increasing awareness about the benefits of using smart inhalers are some of the major factors contributing to the growth of the smart inhalers market in the region. The increasing initiatives by government and private institutions to spread awareness about respiratory diseases is expected to propel the market growth. For instance, in May 2023, ALKEM launched an asthma awareness campaign on World Asthma Day 2023 to increase awareness about SMART treatment for asthma among patients and physicians through mega diagnostic camps, marathons and rallies.

The smart inhaler market in Japan is expected to grow significantly owing to the growing geriatric population and the adoption of advanced technologies in the country's healthcare sector.

The smart inhalers market in China held a significant market share in 2023. The high prevalence of respiratory diseases such as asthma and COPD, increasing focus on technological innovation in healthcare and air pollution leading to respiratory diseases are driving the market growth in the country. According to the WHO, China witnesses around 2 million mortalities each year due to air pollution. Moreover, this air pollution also contributes to increasing breathing problems, leading to respiratory diseases, which is expected to drive the market growth.

The smart inhaler market in India is anticipated to witness lucrative growth over the forecast period. The rising prevalence of respiratory diseases, developing healthcare infrastructure, and growing affordability are driving the smart inhaler market in India. India has witnessed a significant rise in respiratory diseases in the last few years, increasing the demand for medical devices such as inhalers. According to the Global Asthma Report 2022, over 35 million people in India suffer from asthma. This prevalence of respiratory diseases, coupled with the increasing affordability, is expected to drive the market growth in India.

Key Smart Inhalers Company Insights

Key players in the respiratory market are employing strategies such as new product development, partnerships, and mergers & acquisitions to expand their market share. Notable companies include COHERO Health Inc. (AptarGroup, Inc.), Adherium, Propeller Health (ResMed), Novartis AG, Teva Pharmaceuticals Industries Ltd., and 3M. These players are utilizing various approaches to gain a competitive edge.

For instance, in August 2022, Adherium Limited, known for its respiratory eHealth and data management solutions, partnered with Trudell Medical Limited. This collaboration aims to serve COPD patients in the U.S. by combining Trudell's U.S. operations, Monaghan Medical, and Aetonix's aTouchAway platform with Adherium's Hailie sensors. The goal of this partnership is to evaluate COPD patients post-hospital discharge, reduce readmissions, and enhance patient outcomes.

Recent Developments

• In April 2024, Adherium announced that it received FDA clearance for the use of its Hailie Smartinhaler with AstraZeneca’s Breztri and Airsupra inhalation devices. This clearance introduces real-time insights through data collection into inhaler technique and medication usage.

• In September 2021, BreatheSuite received FDA clearance for its device, BreatheSuite Metered-Dose Inhaler (MDI) V1. This device turns the MDIs into smart inhalers by providing feedback and monitoring the inhaler techniques and adherence for people with COPD and asthma.

• In May 2020, AstraZeneca announced a partnership with Propeller Health to add smart features to its Symbicort inhaler, digitizing the treatment of COPD and asthma and increasing medication adherence.

• For instance, in April 2020, Adherium Limited partnered with Planet Innovation to develop software and hardware for respiratory devices. This partnership strengthened Adherium's presence in COPD and asthma management by offering sensors created to provide the physiological data required to enable physician monitoring.

Smart Inhalers Market Report Scope

Global Smart Inhalers Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global smart inhalers market report based on type, indication, distribution channel, end use and region.

• Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Dry Powdered Inhalers (DPIs)

  • Metered Dose Inhalers (MDIs)

• Indication Outlook (Revenue, USD Million, 2018 - 2030)

  • Asthma

  • COPD

  • Others

• Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospital Pharmacies

  • Retail Pharmacies

  • Online Pharmacies

• End Use Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals

  • Homecare Settings

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Russia

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Singapore

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East and Africa

    • Saudi Arabia

    • South Africa

    • UAE