Global Asthma Devices Market is growing moderately. Rising prevalence of chronic respiratory disease and increasing usage of combination therapy are the major factor driving the asthma devices market. The global Asthma Devices Market is expected to grow at an approximate CAGR of 4.3% during the forecast period.
The global asthma devices market has been evaluated as steadily growing market and expected that the market will reach high growth figures. Respiratory inhalers, and nebulizers are the devices which are used to control the respiratory conditions by directly inhaling the drug into the respiratory tract. Over the past 50 years, inhaler devices have revolutionized the respiratory care by delivering the medicines directly into the lungs and On the other hand, there are some hindering factors which are restricting the market growth such as side effects and complications during inhalation, high prices of devices, and lack of accuracy etc. The market is expected to show large opportunities in the coming future with the advancement of technology in developing countries and new products with increased accuracy. However, some of the challenges which the market is expected to face includes competition from new entrants or big pharmaceutical giants entering the business or market and the continuous advancements in the product.
Key players for global asthma devices market
GlaxoSmithKline plc. (Europe), Merck & Co., Inc. (U.S.), 3M (U.S.), Aristopharma Ltd. (Asia Pacific), SRS PHARMACEUTICALS PVT. LTD. (Asia Pacific), AstraZeneca (Europe), Baxter. (U.S.), Boehringer Ingelheim GmbH (Europe), Koninklijke Philips N.V. (Europe), and others.
Global Asthma Devices Market – Regional Analysis
Depending on geographic region, Globally North America is the largest market for Asthma Inhalers. Currently there are around 6.4% of American suffering from COPD in U.S. and around 5.4 million people suffering from asthma in U.K. This major growth is attributed to the popularity of the dry powder inhalers among population due to its several advantages over Metered Dose Inhalers and other types of inhalers.
Europe is the second-largest market for asthma inhalers. It is observed that almost 70% of the child’s death occurred per year due to respiratory disorders are due to these sudden attacks hence rescue medication or rescue inhalers can serve better to save lots of lives per year.
Asia pacific region is expected to be fastest growing region in respiratory Inhaler market. Middle East & Africa is expected to have limited but steady growth in the market. These countries with the advancement of technology are expected to show large number of cases of asthma and other respiratory disease which remain unnoticed currently.
Request Sample copy of Asthma Devices Market Report@ https://www.marketresearchfuture.com/sample_request/1624 .
Europe is the second largest asthma devices market owing to a well-developed healthcare infrastructure and huge patient population. Moreover, government support for research & development and rising healthcare expenditures fuel the market growth. According to a study published in the Asthma Research and Practice journal in 2017, the yearly estimated cost for all the asthmatics per patient is about USD 1,900. Additionally, the presence of the developed economies like the U.K, Germany, and France within the region boosts the market growth.
Asia Pacific is the fastest growing region in the global market due to the presence of a huge patient population and continuously developing economies like India and China. According to a study of the Indian Chest Society in 2015, 300 million people suffered from asthma worldwide and about a tenth of its share is in India. Moreover, as per the Indian Brand Equity Foundation in 2017, the Indian healthcare sector is one of the fastest growing industries and is expected to advance at a CAGR of 22.8% and reach USD 280 billion by 2020. Moreover, favorable government policies like reduced excise and customs duty followed by the exemptions in service tax along boosts the market growth.
LIST OF TABLES:
Table 1 Global Asthma Devices Industry Synopsis, 2017 – 2023
Table 2 Global Asthma Devices Market Estimates And Forecast, 2017 – 2023, (USD Million)
Table 3 Global Asthma Devices Market By Region, 2017 – 2023, (USD Million)
Table 4 Global Asthma Devices Market By Type, 2017 – 2023, (USD Million)
Table 5 Global Asthma Devices Market By Technology, 2017 – 2023, (USD Million)
Table 6 Global Asthma Devices Market By End Users, 2017 – 2023, (USD Million)
Table 7 North America Global Asthma Devices Market By Type, 2017 – 2023, (USD Million)
Table 8 North America Global Asthma Devices Market By Technology, 2017 – 2023, (USD Million)
Table 9 North America Global Asthma Devices Market By End Users, 2017 – 2023, (USD Million)
Table 10 U.S. Global Asthma Devices Market By Type, 2017 – 2023, (USD Million)
Get Discount on Asthma Devices Market Report@ https://www.marketresearchfuture.com/check-discount/1624 .
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
+1 646 845 9312