The Global Asthma Inhaler Devices Market is growing exponentially owing to rising prevalence of chronic respiratory disease and increasing usage of combination therapy are the major factor driving the Asthma Inhaler Devices Market. The Global Asthma Inhaler Devices Market is expected to grow at a CAGR of 6% during the forecasted period.
Global Asthma Inhaler Device Market – Key Players
Some of the key players in this market are
- GlaxoSmithKline Plc. (U.K)
- Merck & Co., Inc. (US)
- 3M (US)
- Aristopharma Ltd. (Bangladesh)
- SRS PHARMACEUTICALS PVT. LTD. (India)
- Intas Pharmaceuticals, Ltd. (India)
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Global Asthma Inhaler Device Market – Industry Updates
Feb, 2017 BI received expantion of FDA approval of the use of Tiotropium Respimat for treatment of Asthma in Children. With this approval, company will be able to sell the product inside the United States.
Jan, 2017 AstraZeneca announced that on 25 January 2017 the US Food and Drug Administration (FDA) granted six months of paediatric exclusivity for Symbicort (budesonide/formoterol) Inhalation Aerosol. Symbicort is approved in the US to treat asthma in patients 12 years and older and for the maintenance and treatment of COPD in adults, the company is expecting larger market share with the product launch.
Nov, 2016 Chiesi acquires Atopix therapeutics. The acquisition of the UK based clinical stage biotechnology company will help Chiesi enhance its Asthma Segment.
Feb, 2015 AstraZeneca and Actavis Plc have entered into a definitive agreement under which AstraZeneca will acquire the rights to Actavis’ branded respiratory business in the U.S. and Canada for an initial consideration of $600 million on completion and low single-digit royalties above certain revenue threshold.
Global Asthma Inhaler Device Market – Segmentation
The Global Asthma Inhaler Device Market is divided into device type, technology, and end-user.
On the basis of device type, the market is segmented into metered-dose inhaler, MDI with a spacer, dry-powder inhaler, and others.
On the basis of technology, the market is segmented into manually operated inhaler devices and digitally operated inhaler devices.
On the basis of end-user, the market is segmented into hospital, clinics, research institutes, and others.
Global Asthma Inhaler Device Market – Overview
Asthma, in severe cases can cause inability to talk. Asthma is an incurable illness. Having said that, with proper treatment, the disease can be managed. Asthma is being treated with the help of the oral drugs and other therapies. However, the respiratory inhalers have completely changed the way Asthma is treated. With the use of respiratory inhalers, asthma can be managed in a better way and the number of people with reduced symptoms or with controlled symptoms has increased. Some examples of the inhalers that are used for the Asthma management are Symbicort, Relvar, and Atimos Modulite among others. According to the Forum of International Respiratory Societies, young children and infants were especially susceptible to respiratory diseases. Around 9.0 million children under the age of 5 years die per year and the common thing in them is the presence of lung diseases.
The Global Asthma Inhaler Market has been evaluated as steadily growing market and expected that the market will reach high growth figures. Asthma inhalers are the devices which are used to control the respiratory conditions by directly inhaling the drug into the respiratory tract. Asthma is a chronic disease of the airways of lungs that causes difficulty in breathing. In Asthmatic patients, the inside wall of the airways are swollen or inflamed. The inflammation results in the temporary narrowing of the airways carrying oxygen to the lungs. This causes asthmatic symptoms such as shortness of breath, coughing, wheezing, and chest tightness.
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.
Global Asthma Inhaler Device 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.
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Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….
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