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Global asthma spacers market is expected to reach USD 1,440.61 Million in 2017 to USD 2,050.19 Million by 2025 at a CAGR of 4.14% from 2018 to 2025. The key contributing factor for the market growth are increasing prevalence of asthma cases, government initiatives to reduce the number of cases of asthma and growing opportunities for small players are some of the factors driving the growth of the market.
Market Overview:
Asthma is a chronic respiratory condition. It affects millions of people around the world. Asthma management involves inhalation as first line of management. Metered dose inhalers (MDIs) are the most common type of inhalers used in asthmatic conditions and aerosol drug delivery is the first line route of administration in asthma management. Spacers with metered dose inhalers are used to treat several respiratory diseases such as obstructive pulmonary disease (COPD) asthma and chronic cystic fibrosis. Technological advancements in spacer devices are expected to propel the market in the near future. However, poor inhalation techniques have led to poor disease control, which in turn have increased health care costs. MDI without spacers delivers around 20% of the emitted dose to the lower airways, leaving up to 80% in the oropharynx. According to the report published by WHO, around 235 million people are affected by asthma, and the number is likely to rise by 100 million at the end of 2015 globally. Increasing rate of asthma is creating a significant socioeconomic impact across the globe, which, in turn, is propelling the demand for asthma spacers.
Report Description:
Market Dynamics:
Drivers:
Restraints:
Opportunities:
Challenges:
Global Asthma Spacers Market Key Findings:
All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
Segmentation Analysis:
The asthma spacers market is segmented on the basis of product and distribution channel.
Regional Segmentation Analysis:
The regions analysed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. North America region dominated the global asthma spacers market with USD 835.20 million in 2017 where as Asia Pacific region is expanding at a rapid pace in the forecast period.
Global Asthma Spacers Market Competitive Analysis:
Key players in the asthma spacers market are trudell Medical International, Pari Gmbh, GlaxoSmihKline plc, Medical Development International, Cipla, Lupin, Clement Clarke, AstraZeneca, Merck & Co., Fisons, 3M, Aristopharma Ltd., SRS PHARMACEUTICALS PVT. LTD., Intas Pharmaceuticals, Ltd., and others. Koninklijke Philips N.V and Trudell Medical International are the top leading players of the market. For instance, in 2018, Cipla opened an inhaler manufacturing plant in the Rabat region. This unit will offer an annual production capacity of 1.5 million HFA metered-dose inhalers.
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Scope
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Key Points |
Information |
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Evaluate Market Potential |
Growth Rates (CAGR %) Value (USD Million) {Market Size} |
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USP of Report |
Industry and Technology Trends Market Evolution Value Chain Analysis Company Share Analysis Competitive & Vendor landscape SWOT Analysis of Each Company Profit Margin Analysis Analysis of More than 30 Countries for Each Segment |
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Base Year |
2017 |
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Historical Years |
2015-2017 |
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Forecast Period |
2018-2025 |
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Regional Analysis |
North America, Europe, Asia Pacific, South America, and Middle East and Africa |
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Countries Analysis |
U.S., Canada, Mexico, Germany, France, Sweden, Netherlands, U.K., Italy, Spain, Turkey, Switzerland, Belgium, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Brazil, Saudi Arabia, UAE, Egypt, Nigeria, South Africa |
This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global asthma spacers market on the basis of below mentioned segments:
Global Asthma Spacers Market, By Product:
Global Asthma Spacer Market, By Distribution Channel:
Global Asthma Spacers Market, By Regions:
List of Table
List of Figures
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Hi John,
Thanks for the report. We've been going through it and see some good data on the market and players. –
Hi Rahul,
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Thank You in Advance
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Thanks for the report. We've been going through it and see some good data on the market and players.
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