Wearable Asthma Monitor Market Size

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.