Growing Vehicle Emissions to Promote Global Market Share of Wearable Asthma Monitor
The global wearable asthma monitor market is estimated to grow majorly on account of the increasing air pollution caused by vehicles. Vehicles are a major cause of global warming and are considered one of the largest contributors to anthropogenic greenhouse gas (GHG) emissions. For instance, more than 22% of the world's carbon dioxide (CO2) emissions come from transportation. Particularly, in 2022 global emissions of carbon dioxide (CO₂) from vehicles and vans increased to around 3 billion metric tons (GtCO₂). All these factors can have detrimental effects on an individual's health and can increase the prevalence of severe asthma because air pollution contains potentially harmful substances that can damage the respiratory system.

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Some of the major growth factors and challenges that are associated with the growth of the global Wearable Asthma Monitor market are:
Growth Drivers:
• Surge in Elderly Population Across the Globe
• Rising Technological Advancements in Wearable Technology
Challenges:
The rising concern for risks associated with data security with Wearable Asthma monitors, and the lack of awareness among individuals and medical professionals in lower economic regions are some of the major factors anticipated to hamper the global market size of wearable asthma monitor. Wearable technology shares data with other apps and services which poses a significant challenge as this personal information makes them attractive targets for cyber threats and unauthorized access.

By product, the global wearable asthma monitor market is segmented into wearable patches, wearable wristbands, and wearable respiratory monitoring systems. The wearable patches segment is to garner the highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. Wearable patches are typically small, lightweight, and can be discreetly worn on the skin to provide a non-intrusive and continuous monitoring solution for asthma patients by offering real-time data collection that enables healthcare professionals to have a more comprehensive understanding of a patient's condition. The convenience and comfort offered by wearable patches and advancements in sensor technologies play a crucial role in their effectiveness for asthma monitoring providing a holistic view of the factors influencing asthma symptoms.

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By region, the Europe wearable asthma monitor market is to generate the highest revenue by the end of 2036. This growth is anticipated by a higher number of senior populations in the region. Europe is home to some of the world's oldest populations, which is because of the interaction of four low fertility rates in all EU countries, the impending retirement of these cohorts, increasing life expectancy at birth, and large net migration inflows. For instance, more than 20% of EU citizens were 65 years of age or older in 2022 and this figure is anticipated to reach over 25% by 2050. Particularly, Italy had the highest proportion of senior citizens in Europe in 2022, accounting for over 23% of the total population who were 65 years of age or older followed by Portugal, Finland, and Greece. These factors have led to an increase in the prevalence of asthma in the region, leading to a huge demand for wearable asthma monitors.

Additionally, The adult prevalence of asthma in Europe ranges from around 5% to 8%. Moreover, Finland topped the list among EU nations, with over 8% of respondents reporting having asthma, followed by Germany and France.

Furthermore, in the European Region, air pollution poses the greatest threat to human health and is accountable for a considerable number of fatalities, hospital stays, and symptom exacerbations, particularly in the case of cardiorespiratory disease. For instance, more than 35 of the 50 polluted cities in the EU are located in Poland which results in more than 47,400 preventable fatalities each year.

This report also provides the existing competitive scenario of some of the key players of the global Wearable Asthma Monitor market which includes company profiling of Abbott Laboratories, Medline Industries Inc., Smiths Medical Inc., Flexicare (Group) Ltd., For Care, Enterprise Co. Ltd., JG Moriya, SunMed, Fisher & Paykel Healthcare, OMRON Corporation, Nihon Kohden Corporation, Philips Respironics, and others.

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