Wearable Asthma Monitor Market size is poised to reach USD 2.4 Billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of wearable asthma monitor was USD 1 Billion. The reason behind the growth is due to the increasing burden of asthma in children which consistently puts a strain on the healthcare system and is generally caused by exposure to tobacco smoke in the surroundings, and exposure to various allergens and irritants in the environment.
For instance, more than 10% of children worldwide reported having asthma symptoms in the previous year, making asthma the most prevalent non-communicable disease in children and contributing significantly to the global disease burden.
The growing technological advancements in wearable devices are believed to fuel the market growth. For instance, A wearable device such as “wearable AI” is being developed through an international collaboration between Canada and Germany, to monitor the symptoms of asthma and COPD, and will aid in analyzing data in almost real-time, safeguarding speech privacy and enabling doctors and patients to act promptly on information.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~8% |
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Base Year Market Size (2023) |
~ USD 1 Billion |
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Forecast Year Market Size (2036) |
~ USD 2.4 Billion |
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Regional Scope |
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Product (Wearable Patches, Wearable Wrist Bands, Wearable Respiratory Monitoring System)
The wearable patches segment in the wearable asthma monitor market is estimated to gain a robust revenue share of 40% in the coming years. Recent rapid advancements in computer microchip technology may soon allow asthma sufferers to stop using their inhalers as researchers, have created a patch that includes sensors that track a patient’s movement, heart rate, respiratory rate, and the amount of oxygen in the blood. Besides this, in November 2021 Respira Labs introduced an AI-powered chest wearable with embedded microphones and speakers, Sylvee for monitoring lung health in general. Furthermore, it is designed to be worn on the lower rib cage by patients to measure lung air volume.
Additionally, to anticipate and prevent asthma episodes, scientists have created a wearable sensor system, which resembles a wristband that aids in real-time monitoring of the wearer's activity level, heart rate, and exposure to ozone from the environment. Moreover, the wristband primarily monitors atmospheric ozone and volatile organic chemicals, among other environmental parameters, and notifies healthcare providers of some extraordinary events about their treatment.
Application (Hospital, Homecare)
Wearable asthma monitor market from the homecare segment is set to garner a notable share shortly. A home remedy for an asthma attack does not exist however, symptoms can be reduced to avert asthma attacks and manage the condition better by using wearable devices incorporated with a variety of sensors to provide ongoing patient monitoring.
Physicians can help treat children with asthma at home by using wearable gadgets, such as spirometers, and peak flow meters which help in measuring heart rate, respiration rate, and cough volume and alert about an asthma episode using this information. For instance, a spirometer is perfect for remote COPD and asthma management as it can also be manually connected to the patient's phone to record peak flow readings, and to forecast when their symptoms may get worse.
Our in-depth analysis of the global market includes the following segments:
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Product |
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Technology |
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Application |
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North American Market Forecast
Wearable Asthma Monitor market in North America is predicted to account for the largest share of 42% by 2036 impelled by the increasing spending in healthcare. This has led to an increase in the development of more efficient, convenient, comfortable, and appealing to children, wearable technologies, for the management of respiratory diseases in the region.
As per estimates, the amount spent on health care in the United States increased by more than 4% in 2022, or around USD 13,492 per person.
APAC Market Statistics
The APAC Wearable Asthma Monitor market is estimated to be the second largest, during the forecast timeframe led by the increasing patient knowledge about respiratory disorders such as asthma. People in the area are therefore seeking a prompt diagnosis for overcoming the illness, which may necessitate the use of promising telemonitoring instruments such as wearable technology for continuous monitoring. Additionally, India has emerged as the world's third-largest market for wearable gadgets, owing to the declining costs and anticipated increases in usage. For instance, India’s wearable market grew by more than 37% year over year in the second quarter of 2023.
Author Credits: Radhika Pawar
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