Respiratory Inhaler Devices Market Report Encompasses Industry Growth Drivers, Restraints, Supply and Demand Risk, Market Attractiveness, SWOT Analysis and Porter’s Five Force Model

Respiratory diseases are among the leading causes of disorders and death on a global scale. The respiratory inhaler devices are used to deliver medication directly into the airway or lungs and plays a vital role in treatment of respiratory diseases. The Global Respiratory Inhaler Devices Market value is expected to exceed US$ 35 billion by 2025. According to the Forum of International Respiratory Societies data, as of 2017, approximately 334 million people suffer from asthma and is the most common chronic disease of childhood affecting 14% of all children globally.

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An approximate of 65 million people suffer from chronic obstructive pulmonary disease (COPD), with a death toll of 3 million each year, making it the third leading cause of death worldwide. This has resulted in high demand for respiratory inhaler devices worldwide. The global respiratory inhaler devices market is anticipated to witness prominent growth during the forecast period.

High penetration and rising demand for metered dose inhaler to drive the global respiratory inhaler devices market

The global respiratory inhaler devices market is segmented based on product type, technology, disease type, and geography. Based on product type, the global respiratory inhaler devices market is segmented into dry powder inhaler, metered dose inhaler, and nebulizer. The nebulizers are further sub-segmented into ultrasonic nebulizer, compressed air nebulizer, and mesh nebulizer. The metered dose inhaler contributed the largest share to the global respiratory inhaler devices market and is anticipated to be the dominating product type throughout the forecast period. The metered dose inhaler is the most established form of treatment of respiratory disorders. The metered dose inhaler is consistent, reliable, direct & quick, and flexible in delivering medication and thus are the most adopted type of inhaler.

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Technological advancement and product innovation to fuel demand for digitally operated respiratory inhaler devices in coming years

Based on technology, the global respiratory inhaler devices market is segmented into manually operated inhaler devices, and digitally operated inhaler devices. The manually operated inhaler devices contributed the largest share to the global respiratory inhaler devices market in 2019 owing to high penetration, increased awareness and affordable price of these inhaler devices. On the other hand, the digitally operated inhalers are gaining popularity offered by these products such as GPS integration, and embedded Bluetooth, etc. The digitally operated respiratory inhaler devices are anticipated to witness prominent growth during forecast period owing to advancement in technology and increasing adoption around the globe.

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Based on geography, the global respiratory inhaler devices market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America contributed the largest share to the global respiratory inhaler devices market owing to high prevalence of chronic respiratory disorders in the United States and Canada. The presence of global manufacturers of respiratory inhaler devices and product innovators in the United States is anticipated to bolster market growth during coming years. Asia Pacific is anticipated to witness significant growth rate during the forecast period owing to increasing number of patients with chronic respiratory disorders, and improving healthcare infrastructure.

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This release was published on openPR.