Asthma Inhaler Device Market Strategy Analysis Focused By Top Major Players Like GlaxoSmithKline Plc., Merck & Co., Inc., 3M, Aristopharma Ltd., SRS PHARMACEUTICALS PVT. LTD., Intas Pharmaceuticals, Ltd. etc. and Trending by 2022

The Global Asthma Inhaler Devices Market is likely to expand at 5.2 % CAGR during the forecast period (2017-2022) owing to the increasing prevalence of asthma among the crowd, asserts Market Research Future (MRFR). An inflammatory disease of the lungs, asthma is characterized by the difficulty faced while breathing. The symptoms of asthma are often triggered with exposure to allergens such as ragweed, pollen, animal dander, and irritants such as chemical fumes and smoke. Asthma leads to swelling of the inside walls of an asthmatic’s airways and makes airways sensitive to irritations.

Global Asthma Inhaler Device Market - Key Players

Some of the key players in this market are

GlaxoSmithKline Plc. (U.K)
Merck & Co., Inc. (US)
3M (US)
Aristopharma Ltd. (Bangladesh)
SRS PHARMACEUTICALS PVT. LTD. (India)
Intas Pharmaceuticals, Ltd. (India)

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Global Asthma Inhaler Device Market - Industry Updates

September 3, 2018: The National Institute for Health and Care Excellence has recently approved a new procedure called bronchial thermoplasty, which is offered to the adults suffering from severe asthma. The procedure has been proven to be safe and can reduce the frequency and severity of attacks.

Feb 2017 BI received expantion of FDA approval of the use of Tiotropium Respimat for treatment of Asthma in Children. With this approval, company will be able to sell the product inside the United States.

Jan 2017 AstraZeneca announced that on 25 January 2017 the US Food and Drug Administration (FDA) granted six months of paediatric exclusivity for Symbicort (budesonide/formoterol) Inhalation Aerosol. Symbicort is approved in the US to treat asthma in patients 12 years and older and for the maintenance and treatment of COPD in adults, the company is expecting larger market share with the product launch.

Nov 2016 Chiesi acquires Atopix therapeutics. The acquisition of the UK based clinical stage biotechnology company will help Chiesi enhance its Asthma Segment.

Feb 2015 AstraZeneca and Actavis Plc have entered into a definitive agreement under which AstraZeneca will acquire the rights to Actavis’ branded respiratory business in the U.S. and Canada for an initial consideration of $600 million on completion and low single-digit royalties above certain revenue threshold.

Drivers and Constraints Impacting the Market

With the increasing prevalence of asthma especially among the children, the market is likely to propel over the assessment period. For instance, around 9 million children under five years of age die every year due to the presence of lung diseases. The increasing disposable income and rising preference for combination therapy for asthma treatment are boosting the global market during the review period. Moreover, high health care spending coupled with government strategic and collaborative endeavors in order to manage and diagnose respiratory health problems contribute to the market growth.

On the flip side, high prices of devices, complications during inhalation, and lack of accuracy are estimated to hamper the market growth. Moreover, side effects such as tremor, nervousness, dizziness, irritation, nausea, muscle pain, and others associated with using inhaler devices are presumed to inhibit the market growth in the coming years. Moreover, competition faced from pharmaceutical giants and new entrants entering the market is likely to affect the market growth.

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Global Asthma Inhaler Device Market - Segmentation

The Global Asthma Inhaler Device Market is divided into device type, technology, and end-user.

Based on device type, the market is segmented into metered-dose inhaler, MDI with a spacer, dry-powder inhaler, and others.

Based on technology, the market is segmented into manually operated inhaler devices and digitally operated inhaler devices.

Based on end-user, the market is segmented into hospital, clinics, research institutes, and others.

Global Asthma Inhaler Device 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 popularity 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 market for asthma inhalers. It is observed that almost 70% of the child’s death occurred per year due to respiratory disorders are due to these 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.

Major Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

Continued….

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