Asthma Spacers Market Size, Share - Industry Trend and Forecast 2017 - 2025

The report "Asthma Spacers 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 “Asthma Spacers” 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 the most commonly used route for the management of respiratory diseases. Metered dose inhaler (MDI) is a popular mode of aerosol delivery. Metered dose inhalers are the most common type of inhalers used in asthmatic conditions. A spacer usually attached with MDI is an external device that provides better drug delivery by increasing inhalation and actuation. The major benefit of aerosol drug delivery is fast onset of therapeutic action as the drug is delivered to the target site of action. Spacers with 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 directly to the lungs in the form of aerosolized drug that provides rapid pharmacological action.

There may be numerous spacer devices available in the market such as inhaler devices. Spacers can be specific in nature. Some spacers are to be used with specific MDIs only for drug delivery and should not be used with other MDIs, otherwise drug delivery may be reduced. However, choice of spacer is also important since all spacer devices are not suitable to everyone. Therefore, it should be chosen carefully according to patient’s condition. For example, large volume spacers have capacity of 750 ml, while tidal volume of baby is 50 ml. Hence, large volume spacers can be used only in adults. Therefore for babies, spacer device with MDI is the only device available to be used in treating asthma conditions. They also require devices which include masks and a valve, for controlling the inhalation and exhalation flow rates.

Asthma-related disease conditions in children are preventable with awareness, timely treatment, and education. Therefore, increase in awareness about proactive asthma management in children could be a profitable marketing opportunity in the asthma spacers market. COPD and asthma are a major concern in the U.S. and China due to high prevalence of these diseases and high number of smokers. This is likely to drive the asthma spacers market during the forecast 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 asthma spacers during the forecast period.

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The global asthma spacers market has been segmented based on type, distribution channel, and region. In terms of type, the market can be classified into Volumatic, Nebuhaler, Aerochamber, Babyhaler, and Fisonair. Based on distribution channel, the global asthma spacers market can be categorized into retail pharmacies, hospital pharmacies, and e-commerce. Retail pharmacies are expected to hold the largest market share due to rise in over-the-counter sale of spacers with MDIs.

The global asthma spacers market can be segmented into five key regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to continue to dominate the market due to rise in awareness and high cost of 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 likely to account for the largest share of the market in Asia Pacific owing to factors such as rapidly increasing geriatric population, high levels of pollution, and improvement in diagnosis rate.

Major players in the global asthma spacers market include AstraZeneca plc, Boehringer Ingelheim GmbH, GlaxoSmithKline plc, Merck & Co. Inc., Fisons, 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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