Research Nester released a report titled “Wing Asthma Tracking Devices Market: Global Demand Analysis & Opportunity Outlook 2030″which delivers detailed overview of the global wing asthma tracking devices market in terms of market segmentation by product type, type, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global wing asthma tracking devices market is projected to grow with a moderate CAGR during the forecast period, i.e., 2022-2030. The growth of the wing asthma tracking devices market can be attributed to the increasing air pollution, which is the most potent cause of asthma. As per the data received from WHO, it indicates that out of 10 people, 9 breathe air containing high levels of pollutants. Around more than 80% people in urban areas are exposed to air pollutants level that exceed the limits of WHO guidelines. In 2019, around 262 million people were suffering from asthma. Moreover, growing need for management of asthma at home amongst the older patients, is another major factor driving the market growth. Rise in sedentary lifestyle, increase in the aging population, along with adoption of spirometers across the globe are further projected to boost the market growth.
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On the basis of type, the market is segmented into volume measurement, peak flow, and others. Out of these, the peak flow measurement segment is estimated to hold the highest share in the market by the end of 2030. This can be attributed to the increasing incidences of asthma across the globe in all age groups, especially children. Furthermore, advancement in technology is also estimated to boost the segment growth over the years. On the basis of end-users, the market is segmented into hospitals, diagnostic centers, clinics, homecare, and others. Out of these, the hospitals segment holds a prominent share in the market in 2021, owing to the high acceptance of hospitals amongst the masses. The clinics segment is also estimated to hold a significant share in the market during the forecast period, on the back of the increase in the number of stand-alone respiratory clinics emerging in developing countries. Meanwhile, the homecare segment is also expanding and is estimated to attain significant CAGR over the forecast period owing to the increasing prominence of home-based healthcare services as a precaution to the Covid-19 infection.
On the basis of region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in the Asia Pacific region is predicted to grow at the highest CAGR over the forecast period owing to the high level of air pollution, with the top 5 most polluted countries of the world under this region. Moreover, increased spending by governmental and non-governmental agencies on improving healthcare infrastructure and rapid increase in elderly population are also projected to fuel the market growth. The market in the Europe region is also anticipated to occupy a significant share in the market over the forecast period, owing to the growing product approvals by the healthcare bodies within the region.
Increasing Prevalence of Asthma to drive Market Growth
Asthma is a chronic respiratory disease, which is expanding at an alarming rate, due to the sedentary lifestyle and polluted environment. This is the major factor estimated to drive the market growth. New product launches, market collaborations, rising investment in R&D by both government and non- government organizations and technological advancement in the medical industry are also estimated to boost the market growth. However, lack of skilled healthcare professionals may hamper the growth of the market.
This report also provides the existing competitive scenario of some of the key players of the global wing asthma tracking devices market which includes company profiling of the major players dominating the teeth whitening devices market are MGC diagnostic corporation, Hill Rom, Inc, Vectura Group plc, Teva Pharmaceutical Industries Ltd, Sparo Inc., NuvoAir AB, Teleflex Incorporated, Vyaire Medical, Fukuda Sangyo Co. Ltd., and CHEST M.I. Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global wing asthma tracking devices market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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