Wing Asthma Tracking Devices Market Share

Geographically, the wing asthma tracking devices market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the Asia Pacific is poised to dominate majority revenue share by 2036, owing to increased expenditure by governmental and non-governmental agencies for improving healthcare infrastructure in the region. Rising air pollution in developing countries, such as, China and India, is also anticipated to boost the market growth. The healthcare spending as percentage share of GDP for Asia Pacific countries has been increasing in the recent years. According to the World Bank, for China, the share of health expenditure as percentage of GDP has increased to 5.351% in 2018 from 4.208% in 2010. This is further expected to boost the regional market growth. Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the increasing acceptance of technological advancement, followed by the presence of top healthcare service providers in the region. Rapid increase in elderly population is also projected to fuel the wing asthma tracking devices market growth. According to the United States Census Bureau, by 2034, there will be 77.0 million people 65 years and older.