Market Research Future published a research report on “Global Asthma Inhaler Device Market Research Report- Forecast To 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Overview:
Asthma is a disease that deals with the inflammation caused in lings or in respiratory passage blocking the normal flow of the air inside. This causes trouble in breathing and could be fatal, if not taken care of in time. Several triggers can increase the chance of asthma attack like pollution, pressure, change in climate, and others. To provide immediate relief, asthma inhaler devices have been developed, which are now expecting a 5.2% CAGR during the forecast period (2017-2022). Market Research Future (MRFR), in their latest report, put forward a possibility of the Asthma Inhaler Device Market crossing the estimated valuation.
Factors like increasing awareness, high expenditure capacity, increasing investment in research & development facilities, technological advancement, and others are expected to impact the market the most. Pollution is expected to play a pivotal role by propelling the number of asthma cases registered.
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), and others.
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Segmentation:
MRFR, in their latest report on the global asthma inhaler device market, studied different aspects to segment the market by device type, technology, and end-user. This would allow a proper analysis of factors that are expected to boost and restraint the market.
- Based on the device type, the asthma inhaler device market includes metered-dose inhaler, MDI with a spacer, dry-powder inhaler, and others.
- Based on the technology, the asthma inhaler device market comprises manually operated inhaler devices and digitally operated inhaler devices.
- Based on the end-user, the asthma inhaler device market consists hospital, clinics, research institutes, and others. The clinics segment is expecting strong growth due to wide-spread operational facilities of these bases.
Regional Analysis
The America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA) are regions that have been analyzed well in the geographical study of the global asthma inhaler market.
The American market has a strong factor, in shape of patient population, to drive the growth ahead. Also, the wide-range availability of the product is shaping the coming days of the market. The regional market can be segmented into two distinct regions like North America and South America. North America has robust medical facilities and substantial expenditure capacity which is expected to boost the market. In addition, presence of countries like the US and Canada are playing in favor of the regional market. On the other hand, South America has several poor economies, which are expected to deter the market growth. However, Cuba, Brazil, and Argentina have potential.
Europe’s market is the second largest one where the features are quite similar to that of North America. High expenditure capacity and strong research facilities form the backbone of the regional market. Countries like Germany, the U.K., France, and other are investing substantially to impact the global market.
The APAC market is mostly riding on the high population and poor living facilities. Several cities in the region are marked as highly-polluted zones, which propels the asthma problem. This is expected to increase the sale of respiratory inhalers. China is expected to provide the lead. Howver, India is also a strong contender. The prevalence of the disease is on the rise, which would spur the growth of asthma inhaler devices in the coming years.
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Intended Audience
- Asthma Inhaler Device Suppliers
- Asthma Inhaler Device Manufacturers
- Medical Research Laboratories
- Medical Devices Companies
- Academic Medical Institutes and Universities
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