Increasing prevalence of respiratory diseases, development of cross valve technology, and rising environmental pollution are some key factors expected to drive market growth
According to Emergen Research, the global asthma spacers market size was USD 1.85 billion in 2019 and is expected to reach USD 2.38 Billion in 2027 and register a revenue CAGR of 3.4% during the forecast period, 2020-2027.
A spacer is an empty tube generally made of plastic that slots into the mouthpiece of the inhaler on one end. Spacers ensure that asthma medicine works well if one uses a metered dose inhaler (MDI). Spacer is not required in breath-actuated inhaler (BAI) or dry powder inhaler (DPI). Asthma spacers reduces wastage of medicine as it works more efficiently by delivering medicine directly to lungs, and reduce side effects (such as oral thrush) as less medicine is absorbed. A spacer allows someone to use the inhaler for longer periods of time, making the process easier.
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When pressing the inhaler and inhaling in the medicine, it reduces the requirement for coordination. Spacers lengthen the time it takes for the inhaler to deliver medication. This factor is expected to drive market revenue growth during the forecast period. Further, increasing incidences regarding respiratory illnesses or disorders due to rising environmental pollution and poor air quality index (AQI) has been boosting demand for asthma spacers and is expected to surge market revenue growth during the forecast period.
However, COVID 19 pandemic has resulted in delays in supply chain and resulted in manufacturing slowdowns, and lack of knowledge among consumers as how to use spacers are factors that can restrain market growth to a certain extent during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Aerochamber Segment Revenue to Expand at a Rapid CAGR:
Aerochamber segment is expected to register a rapid revenue CAGR over the forecast period as it widely used by asthma patients due to its benefits. Aerochamber allows more medicine to reach the lungs, resulting in better asthma control. Because less medicine is deposited in the back of the mouth when utilizing an aerochamber, there are less adverse effects. It’s more convenient for patients who have trouble coordinating hand-to-mouth method.
Clinics & Hospitals Segment to Register Significant Revenue Growth:
Clinics & hospitals segment is expected to register significant revenue growth over the forecast period owing to government initiatives towards development in healthcare infrastructure globally (especially during COVID-19 pandemic), and development of technologically enhanced inhalers due to increasing incidences of respiratory disorders. Asthma results in 1.3 million visits to emergency departments annually and 43,000 hospital admissions.
North America to Account for Largest Revenue Share:
North America is expected to account for largest revenue share in the global market over the forecast period due to increasing number of asthma patients, rising awareness of the use of asthma spacers, and increasing technological improvements in healthcare facilities. Further, presence of key players and increasing prevalence of respiratory diseases due to rise in air pollution levels are some other factors expected to contribute to market growth in the region.
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Major Companies in the Market Include:
- Lupin Limited
- Trudell Medical Group Ltd.
- GlaxoSmithKline plc
- Cipla Limited
- Merck & Co., Inc.
- Clement Clarke International Ltd
- PARI GmbH
- AstraZeneca plc/AB
- Fisons plc
- Allergan plc
For the purpose of this report, Emergen Research has segmented the global asthma spacers market on the basis of type, distribution channel, end-use, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Retail Pharmacy
- Hospital Pharmacy
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Clinics & Hospitals
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Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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