Market Trends of Sweden Respiratory Devices Industry
This section covers the major market trends shaping the Sweden Respiratory Devices Market according to our research experts:
Inhalers are Expected to Witness Growth over the Forecast Period
Inhalers are common among asthma patients as a delivery method. Asthma inhalers are hand-held, portable devices that deliver medication to the lungs. A variety of asthma inhalers are available to help control asthma symptoms. Hence, as asthma prevalence increases in Sweden, the demand for inhalers is also expected to increase. This will likely propel the market growth in the region.
As per an article published in ECRJ in 2021, the overall asthma prevalence rate in the current year is 8.1% in Sweden. The high prevalence rate of asthma in the country and the COVID-19 outbreak caused various companies to manufacture the vaccine to be administered through inhalers due to the ease of administration. For instance, in July 2021, the lung-based inhalation, Sweden-based company Iconovo collaborated with ISR, an immunotherapy company, to develop a COVID-19 vaccine that can be stored at room temperature and is easily self-administered through an inhaler ICOone. Such developments are anticipated to propel the growth of the segment during the forecast period.
Technological Advancements and Increasing Applications in Homecare Setting is Expected to Drive The Market Growth Over The Forecast Period.
Technological advancements in respiratory devices, such as artificial intelligence, portable electronic spirometers, digital stethoscopes, and clinical decision support systems, are likely to propel the market growth. E-health has repeatedly been demonstrated to improve treatment quality, increase medication adherence, and enable early diagnosis of deterioration in chronic pulmonary diseases. E-health services are also often adopted for managing chronic diseases by the older population, as physicians can monitor patients while at home.
Moreover, as people are busy with their work, they hardly have time to visit hospitals and clinics for rehabilitation. Therefore, for people with COPD who find it challenging to reach pulmonary rehabilitation centers, home-based pulmonary rehabilitation is an option that is just as successful as center-based pulmonary rehabilitation at improving exercise capacity and quality of life.
According to the Swedish Health Services 2022 update, TeleSleep is a Swedish TeleHealth service that makes it possible for adults and children suffering from any sleep disorder to have initial evaluations when this type of exam is not readily available closer to home. The Swedish Neuroscience Institute (SNI) uses technology for its TeleStroke services, which is the foundation of the Swedish TeleSleep Program. The use of technologically advanced facilities for diagnosing sleep disorders is estimated to propel market growth in the country.
Additionally, according to Clinical Trials.gov, a clinical trial for home-based pulmonary rehabilitation was started in August 2021 with roughly 80 participants, and the estimated completion date is December 2024. Karolinska Institutet, based in Sweden, sponsored the trial. With the suggested home-based pulmonary rehabilitation program, combining video-guided workouts, activity tracking daily steps, and health coaching, the trial is expected to encourage patients with COPD to develop the habit of daily mindful physical activity habits. The program will enable patients to complete Pulmonary Rehabilitation (PR) at home, encourage behavior modification, and result in COPD patients who have been prescribed PR living more actively. Such trials in the country are estimated to create awareness about the prevention and care of the various respiratory diseases and propel market growth over the forecast period.
