Asthma is an inflammatory ailment that is causes problems in breathing. A person stricken by asthma can find it hard to breathe when exposed to various external elements like ragweed, pollen, animal dander, chemical fumes and smoke. The symptoms of this disease can be characterized as incessant coughing, inability to draw breaths and a peculiar constricting sensation in the chest. In this disease, the inner walls of the asthmatic airways get swelled up and due to it the respiratory tract becomes vulnerable to irritations.
On a global level, the air pollution level is on an all-time high, the government is yet to find a plausible solution for this issue. Due to this, it can be confidently asserted that the worldwide market for asthma inhaler devices will progress efficiently over the forecast period. Statistics show that the market will generate a wholesome revenue by the end of the forecast period. The CAGR for this term is calculated to be around 5.2%.
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Currently, the children and old people are the most susceptible to this disease. If young kids get this disease, they might end up losing their productivity and to avoid this parent use asthma inhaler devices to keep their little one’s condition stable. This fact works like a charm for this market and helps it to expand its reach.
Additional factors that further benefit the market are the rise in the demand for metered dose inhalers, higher investments in the healthcare sector and increased awareness regarding lung diseases.
Asthma Devices Market –Key Players
- GlaxoSmithKline plc. (Europe)
- Merck & Co., Inc. (U.S.)
- 3M (U.S.)
- Aristopharma Ltd. (Asia Pacific)
- SRS Pharmaceuticals PVT. LTD. (Asia Pacific)
- AstraZeneca (Europe)
- Baxter. (U.S.)
- Boehringer Ingelheim GmbH (Europe)
- Koninklijke Philips N.V. (Europe)
Asthma Devices Market –Segmentation
The Global Asthma Devices Market is segmented on the basis of type, technology, and end-users.
On the basis of the type, the market is segmented into inhalers, nebulizers, and others. The inhalers segment is sub-segmented into metered-dose inhalers and dry powder inhalers. The metered-dose inhalers segment, by inhalers, is further categorized into standard pressurized metered-dose inhalers, breath-activated pressurized metered-dose inhalers, metered-dose inhalers with a spacer, and others. The nebulizers segment is sub-segmented compressor nebulizers, ultrasonic nebulizers, mesh nebulizers, and others.
On the basis of the technology, the market is segmented into manually operated inhaler devices, digitally operated inhaler devices, and others.
On the basis of the end users, the market is segmented into hospital, clinics, retail pharmacies, and others.
Asthma Devices 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 increasing demand 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 Asthma Inhalers Market. It is observed that approximately 70% of the child’s death occurs per year are due to respiratory disorders which are results of the 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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