Asthma Spacers Market Observe Exponential Growth by Leading Players: GlaxoSmithKline, Truedell Medical International, Cipla

Coherent Market Insights published a report, titled, "Asthma Spacers Market, by Spacer Type (Volumatic, AeroChamber, InspirEase, and OptiChamber), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027."

Respiratory diseases such as asthma and chronic obstructive pulmonary disease (COPD) among others are highly prevalent worldwide. According to the World Health Organization (WHO), the number of people suffering from asthma as of November 2019 was around 235 million. According to the Centers for Disease Control and Prevention (CDC), around 27 million Americans were suffering from asthma in 2016. It is the most common chronic condition among American children, where 1 child out of every 12 has asthma.

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Furthermore, according to the National Heart, Lung, and Blood Institute, in 2014, around 30% of children in the U.S. were suffering from asthma. Moreover, according to the same source, more than half of the people suffering from asthma experience a severe asthma attack each year, which leads to 450,000 hospitalizations, annually.

Furthermore, asthma is more prevalent among the aging population which is expected to facilitate the asthma spacers market growth in the U.S. According to the World Population Ageing report, in 2017, the number of people aged 60 years in the U.S. was 69,774, and the number is projected to reach 108,425 in 2050. Furthermore, the global population aged 60 years was 962 million in 2017 and it is expected to reach nearly 2.1 billion in 2050.

The prominent players in the global asthma spacers market are GlaxoSmithKline Plc., Truedell Medical International, Cipla Inc., Medical Developments International, PARI Respiratory Equipment, Inc., Koninklijke Philips N.V., Clement Clarke International Ltd., and Lupin Limited.

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Asthma can be treated with bronchial thermoplasty which is a proven alternative treatment. It is used in cases where asthma drugs do not show the desired effects or fail to cure the condition.

In bronchial thermoplasty, the inside of the lungs’ airways are heated with electrodes to shrink the smooth muscle inside the airways. It controls the ability of the airways to tighten, which makes breathing easier and reduces incident of asthma attacks.

According to data published by the National Center for Biotechnology Information in May 2015, several clinical trials have demonstrated the safety and efficacy of bronchial thermoplasty in improving quality of life and reducing events of severe asthma attacks. Thus, availability of alternative treatments for asthma are expected to hinder the global asthma spacers market growth.

Key offerings of the report:
1. Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
2. Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
3. Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
4. Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
5. Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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