Smart Asthma Monitoring Device Market Share

North American Market Forecast

North America industry is likely to hold largest revenue share of 38% by 2037. The regional market growth can be attributed to the high incidence of asthma in developed nations. According to the Asthma and Allergy Foundation of America (AAFA), over 25 million Americans deal with asthma, including 5.1 million children below the age of 18. 

Healthcare experts believe that asthma is directly related to urbanization, as the urban lifestyle includes more exposure to air pollution, which is among the major causes of high cases of asthma in the U.S.

APAC Market Statistics

In the Asia Pacific region, the smart asthma monitoring device market is expected to grow significantly throughout the projected period. The regional market growth can be estimated on the back of the high geriatric population, along with the rising cases of asthma, as older people are more vulnerable to respiratory diseases, especially in India and China. In China, more than 4.2% population gets affected by asthma which is 45.7 million Chinese adults in which most of whom are old people.

Moreover, the growing adoption of innovative medical equipment in the APAC region is estimated to boost market expansion.