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Pulmonary Drug Delivery Devices Market Size will Grow Profitably in the Near Future
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Increasing Patient Base to Boost Global Pulmonary Drug Delivery Systems Market
According to the World Health Organization, around 300 million people across the globe suffer from asthma. Growing patient pool affected with respiratory diseases such as asthma, cystic fibrosis, and chronic obstructive pulmonary disease (COPD) is one of the prime factors set to contribute to the global pulmonary drug delivery systems market.
Rapid absorption of different macromolecules and most of the therapeutic drugs over the alveolar epithelium of the distal lung has allowed pulmonary drug delivery systems to become efficacious. Technical advances in pulmonary drug delivery systems as well as drug formulations are expected to propel the overall market in the near future. Presently, the therapeutic applications of pulmonary drug delivery are expanding and this will help the market’s growth prospects.
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However, patent expiry of drug delivery systems and delay in obtaining approvals from regulatory authorities are expected to negatively affect the global pulmonary drug delivery systems market. During the next couple of years, developing economies will present immense market potential for pulmonary drug delivery systems, owing to the growing patient base.
Nebulizers to be Fastest Growing Segment of Global Pulmonary Drug Delivery Systems Market
On the basis of product type, the global pulmonary drug delivery systems market has been segmented into nebulizers, metered dose inhalers (MDIs), and dry powder inhalers (DPIs). In 2012, the overall market was dominated by metered dose inhalers, which accounted for 56.8% of the market. Dry powder inhalers were the second largest segment in the market the same year. During the period between 2013 and 2019, nebulizers are expected to be the fastest growing segment of the pulmonary drug delivery systems market. In terms of application, the global pulmonary drug delivery systems market has been categorized into cystic fibrosis, asthma, and chronic obstructive pulmonary disease (COPD). In the coming years, the usage of pulmonary drug delivery systems for the treatment of asthma and COPD is expected to increase considerably.
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North America Led Global Pulmonary Drug Delivery Systems Market in 2012
Globally, the pulmonary drug delivery systems market has been divided into four key regions: Europe, Asia Pacific, North America, and Rest of the World. In 2012, North America was the leading market for pulmonary drug delivery systems, owing to the increasing patient base and robust healthcare infrastructure. During the period between 2013 and 2019, Asia Pacific is expected to contribute significantly to the growth of the market due to the growing number of people smoking tobacco. Some of the key players in the global pulmonary drug delivery systems market are CareFusion Corporation, 3M Health Care, Novartis AG, Omron Healthcare Inc., and GlaxoSmithKline.
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