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Metered Dose Inhalers Market – Current Trends, Opportunities & Challenges by 2025

04-16-2018 09:49 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketResearchReports.biz

Metered Dose Inhalers Market – Current Trends, Opportunities

The report " Metered Dose Inhalers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025", has been prepared based on an in-depth market analysis with inputs from industry experts.

The main objective of this report is to define, describe, and forecast the global “Metered Dose Inhalers” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Aerosol drug delivery is an important part in the management of respiratory diseases. Metered dose inhalers (MDIs) is a popular mode of aerosol delivery. Metered dose inhalers are the most common type of inhalers used in asthmatic conditions. Spacer is an external device attached to the MDI, which provides better drug delivery by enhancing inhalation and actuation. The major advantage of aerosol drug delivery is fast onset of therapeutic action as the drug is delivered to the target site of action. Metered dose inhalers are used to treat several respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), and cystic fibrosis. These inhalers deliver specific quantity of drugs to the lungs in the form of aerosolized drug to provide faster pharmacological action. There are two types of MDIs: manually-actuated pressurized inhalers and breath-actuated pressurized inhalers. Metered dose inhalers consist of three components canister, metering valve, and an actuator, which provide easy drug delivery to the patient. The metering valve dispenses measured quantity of drug into the lungs with every actuation. Propellant is one of the major components in MDI which pressurizes aerosol medication to dispense. MDI formulations contain active pharmaceutical ingredients suspended or dissolved in propellants, solvents, or a mixture of propellants in compact aerosol dispensers.

Diagnosis and treatment of asthma in children is a major challenge globally. Asthma-related disease conditions in children are preventable with awareness, timely treatment, and education. Therefore, increasing awareness with proactive asthma management in children could be a profitable marketing opportunity for the metered dose inhalers market. COPD and asthma are a major concern in the U.S. and China due to high prevalence of these diseases and rise in the number of smokers. This could drive the metered dose inhalers market during forecasting period. In 2014, a report published by the American Lung Association stated that nearly 47% of the U.S. citizens live in counties with unhealthy levels of particulate or ozone pollution. Therefore, rise in environmental triggers is anticipated to fuel demand for the metered dose inhalers market during the forecast period. Air pollution, rapid urbanization, rise in smoking population, and changing lifestyle has resulted in prevalence of asthma in urban regions of the world, thereby fueling market expansion.

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The global metered dose inhalers market has been segmented based on type, application, distribution channel, and geography. In terms of type, the market further bifurcated into manually-actuated pressurized inhaler and breath-actuated pressurized inhaler. Based on application, the market is segmented into asthma, COPD, cystic fibrosis, and others. Asthma segment is expected hold the maximum share percentage owing prevalence worldwide. In terms of distribution channel, the global metered dose inhalers market is categorized into retail pharmacies, hospital pharmacies, and e-commerce. Retail pharmacies are expected to hold the maximum market share due to rise in over-the-counter sale of MDIs.

Based on geography, the global metered dose inhalers market is segmented into five key regions: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to continue to dominate the market due to rising awareness and costly asthma management. Asia Pacific is expected to account for the second largest share of the market due to high incidence of asthma in countries such as India and China. China is estimated to account for the largest share of the market owing to factors such as rapidly growing geriatric population, high levels of pollution, and improvement in diagnosis rate.

Major players involved in the global metered dose inhalers market include AstraZeneca plc, Boehringer Ingelheim GmbH, F Hoffmann-La Roche Ltd., GlaxoSmithKline plc., Merck & Co. Inc., and Novartis AG.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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