Wearable Asthma Monitor Market - Regional Analysis
North American Market Insights
Wearable Asthma Monitor market in North America industry is anticipated to account for largest revenue share of 40% by 2035 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 Insights
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.
