KEY FINDINGS The Europe smart inhalers market is predicted to register a CAGR of 32.11% over the estimated period, 2019-2028. An increase in the incidence of COPD and asthma, a rise in awareness about these diseases, an increase in the geriatric population, and an upsurge in demand for new emerging technologies boost the market growth in the region.
MARKET INSIGHTS The study of the Europe smart inhalers market growth is based on the market performance of Belgium, Russia, Germany, Italy, the UK, Poland, France, and the rest of Europe Denmark, Norway, Austria, Swede, Netherlands, and Spain.Italy spends about 9% of the GDP each year on healthcare as per OECD.
The prevalence of respiratory diseases, with consistent healthcare expenditure on research activities, as well as contributions by societies to raise awareness, are expected to help in the steady growth of the market.In countries like Belgium, lifestyle disorders, such as smoking and alcohol consumption, are some of the crucial contributors to respiratory disorders, which require home healthcare services.
There are growing initiatives to increase telereporting and teleconsultations, which propel the demand for inhalers and nebulizers in-home healthcare settings. In Poland, the growing prevalence of cystic fibrosis, as well as rising COPD disease, is expected to augment the market growth.COPD is a major social burden, as 20 thousand disability pensions are granted every year, due to this disease.
The rest of Europe also spend majorly on healthcare as per GDP about the median of OECD, which makes this region lucrative for market growth.
COMPETITIVE INSIGHTS Some of the prominent companies operating in the market are GlaxoSmithKline Plc, Agilent Technologies Inc, 3M Company, Boehringer Ingelheim International GmbH, Koninklijke Philips N.V., etc.
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