Inhaler Market Industry Size, Growth and Forecast to 2023

Global inhaler market is anticipated to grow at a CAGR of 2.7% during the forecast period. Rising level of air pollution is one of the major factors responsible for the increasing prevalence of lungs and cardiovascular diseases, which includes asthma and COPD. Urbanization is another prime contributor to asthma as it significantly increases the outdoor air pollution. According to World Health Organization (WHO), around nine out of every 10 people breathe polluted air, owing to which, nearly seven million mortalities occurs every year across the globe. This reflects the demand for inhalers for the treatment of asthma and COPD.

Request a free sample of our report on Inhaler Market: https://www.omrglobal.com/request-sample/inhaler-market

Moreover, increasing population base of smokers substantially increases the COPD patients, which in turn, spur the demand for inhalers in the global market. According to Institute of Health Metrics and Evaluation (IHME), in 2016, around 17 million fatalities occurred due to smoking in China. The rapidly growing attraction of youth towards smoking across the globe, which as a result motivating the market for inhalers in order to provide breathing solutions to the hugely affected population.

A full report of Global Inhaler Market is available at: https://www.omrglobal.com/industry-reports/inhaler-market

Significant prevalence of COPD has been recorded across the globe that is augmenting the demand for inhalers for its treatment. According to WHO, there were 251 million COPD cases were reported across the globe in 2016. Moreover, around 3.17 million mortalities were caused due to COPD in 2015, which is 5% of all the mortalities across the globe in 2016. The major cause of COPD is tobacco smoke and other factors such as occupational dusts and fumes as well as exposure to indoor or outdoor air pollution.

Some COPD cases occurs due to long-term asthma. It is expected to increase in future due to significant aging population and smoking prevalence across several countries. Over 90% of the mortalities occur in emerging economies. Moreover, according to WHO, 56.9 million mortalities were reported globally in 2016, of which more than half, that is 54% were occurred due to the top ten causes, including COPD, lower respiratory infections, and others.

Moreover, the increasing focus on the development of miniature and compact inhalers due to increasing penetration towards handy medical devices is providing a growth opportunity to the inhaler market. Healthcare providers have further started the development of smart inhalers, which supports Bluetooth technology, and works according to the health status of the patient. This, in turn, is anticipated to propel the global inhaler market in the near future. Some of the novel technologies introduced in the inhaler market is smart inhalers.

Current Market Trends Covered in the Global Inhaler Market Report

Based on the devices, the dry powder inhaler is estimated to hold a dominating market share during the forecast period.
Based on the application, asthma held the largest market share in the global inhaler market in 2018.
North America is estimated to dominate the global inhaler industry during the forecast period.

Global Inhaler Market Segmentation

By Device

Metered Dose Inhaler
Dry Powder Inhaler
Nebulizer
Nasal Inhaler

By Type

Preventive Inhaler
Reliever Inhaler
Long-acting bronchodilators

By Applications

Asthma
COPD

By End-User

Homecare
Hospitals and Clinics

Global Inhaler Market – Segment by Region

North America

US
Canada

Europe

Germany
UK
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Latin America
Middle East and Africa

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/inhaler-market

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +1 646-755-7667, +91 780-304-0404

Orion Market Research (OMR) is an Indian market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.