The North America smart inhalers market is estimated to register a CAGR of 31.01% during the forecast period of 2019-2028. The factors boosting the market growth are the availability of advanced technology, an increase in the geriatric population, affordability together with a rise in awareness regarding the benefits of patient monitoring devices, and a rise in the incidence of various lifestyle-related diseases.

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The North America smart inhalers market growth is evaluated by segmenting the region into the United States and Canada. The United States spends a significant percentage of its GDP each year on healthcare. In 2018, as per the recent report of the OECD, about 18% of the GDP was spent on healthcare. Healthcare spending is among the highest. The prevalence of respiratory diseases is the major factor anticipated to steer the overall growth of the market over the forecast period. Furthermore, there is a surge in per capita health expenditure in the country, which is expected to increase during the projected period, due to the decline in the unemployment rate. In addition, according to the estimates of the American Academy of Allergy, Asthma, and Immunology (AAAAI), nearly 8.3% of children in 2016 in the United States were suffering from asthma. It is the most common chronic disease in children. The primary risk factor for most of the respiratory diseases is smoking. In 2016, according to the CDC estimates, more than 15 out of every 100 US adults aged 18 years or older smoked cigarettes. The growing population suffering from cystic fibrosis, COPD, emphysema, and other respiratory diseases, and rising awareness in societies to use these devices, boost the demand and supply of smart inhalers market.

3M Company is a variegated technology company operating in various industries, such as healthcare, safety and graphics, electronics and energy, and consumer. In March 2020, a two-year initiative was announced focused on diversification of creative industries.

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