Asthma Spacers Market
Asthma is a long-term medical condition that affects individuals of all ages. The air passages in the lungs become narrowed due to inflammation and the tightening of muscles surrounding the airways, resulting in asthma. Common symptoms of asthma include coughing, wheezing, shortness of breath, and chest tightness. To ensure that medication is delivered directly to the lungs and minimize the amount of drug in the mouth and throat, a tube-shaped holding chamber called an asthma spacer is used. When used with a metered-dose inhaler (MDI), an asthma spacer assists in the proper administration of aerosolized medicine. Most spacers, also known as valve holding chambers (VHC), have a one-way valve that allows the user to inhale medication while breathing in and out normally, making them highly beneficial.
The Global Asthma Spacer Market is estimated to be valued at US$ 1,637.5 million in 2022 and is expected to exhibit a CAGR of 6.4% during the forecast period (2023-2030).
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Leading companies, including Rossmax International Ltd., PARI Respiratory Equipment, Inc., Laboratoire Protecsom SAS, Trudell Medical International, Mediacare Equipments (India) Pvt. Ltd., Medical Developments International, Koninklijke Philips N.V., GlaxoSmithKline Plc., Cipla Inc., Lupin, Visiomed Group Ltd., Asia Connection Co., Ltd., Luckys Pharma, and Clement Clarke International Ltd., are operating in the global asthma spacer market.
𝗔𝘀𝘁𝗵𝗺𝗮 𝗦𝗽𝗮𝗰𝗲𝗿 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 𝗖𝗼𝘃𝗲𝗿𝗮𝗴𝗲
|The market size value in 2023|
The global asthma spacer market is expected to experience growth during the projected period due to the rising incidence of respiratory diseases.
The global asthma spacer market is experiencing growth due to the rising prevalence of respiratory diseases, which is largely attributed to various factors such as allergic conditions like eczema and rhinitis, urbanization, exposure to tobacco smoke, and viral respiratory infections. These factors are recognized as major driving factors for the increased demand for asthma spacers, as they help to manage and alleviate asthma symptoms. As an example, the World Health Organization (WHO) reported in 2019 that asthma affected approximately 262 million people and led to roughly 461,000 deaths. Additionally, Asthma U.K. stated that in 2017, there were 77,124 hospitalizations for asthma, and someone in the U.K. has a potentially life-threatening asthma attack every 10 seconds.
The anticipated growth of the global asthma spacer market throughout the projected duration is attributed to the rise in respiratory disorders caused by the escalating levels of air pollution.
The global market for asthma spacers is expected to experience growth as a result of the increased demand caused by rising air pollution levels. Air pollution is a known trigger for various respiratory illnesses, including asthma, and exposure to a range of environmental allergens and irritants, both indoors and outdoors, can increase the risk of developing the condition. In October 2018, the U.S. Environmental Protection Agency highlighted that air pollution can exacerbate asthma symptoms and even lead to asthma attacks. As a result, asthma, which is a severe and potentially fatal chronic respiratory illness, affects the quality of life for more than 23 million Americans.
Impact of the COVID-19 Pandemic
The COVID-19 pandemic, which emerged in Wuhan, China, on December 31, 2019, is the latest outbreak. It was declared a pandemic by the World Health Organization on March 11, 2020. The global impact of COVID-19 is staggering, with over 225 million cases and 4.63 million deaths reported as of September 14, 2021, as per the Coronavirus Disease (COVID-19) Weekly Epidemiological Update from the World Health Organization. The financial status of businesses across all sectors has been impacted by the COVID-19 pandemic and subsequent lockdowns around the world. The private healthcare sector is no exception and has been significantly affected. The economic burden of the lockdowns has created challenges for healthcare providers in terms of managing resources, such as manpower, equipment, and consumables, to ensure patient safety and cope with a decline in outpatient visits. This has made it difficult for them to provide care to patients with other diseases.
During the forecast period, the growth of the global asthma spacer market was impeded significantly by the availability of alternative treatments for asthma. One such proven alternative treatment is bronchial thermoplasty, which effectively manages asthma symptoms. Boston Scientific, a medical device manufacturer, reported encouraging results from the Post-Approval Clinical Trial Evaluating Bronchial Thermoplasty (BT) in Severe Persistent Asthma (PAS2) study in May 2017. The study demonstrated that the use of the Alair BT System in adult patients with severe persistent asthma resulted in fewer complications.
𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐩𝐨𝐫𝐭 𝐖𝐢𝐭𝐡 𝐔𝐩 𝐓𝐨 𝟐𝟓% 𝐎𝐅𝐅 @
Table of Contents with Major Points:
- Key Findings
- Definitions and Assumptions
- Definition of Asthma Spacer Market Market
- Market Dynamics
- Trends and Developments
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Asthma Spacer Market Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Data Sources
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