Increasing Prevalence Of Different Chronic Illnesses Is Projected To Boost The Global Pulmonary Drug Delivery Systems Market

The research report "Global Pulmonary Drug Delivery Systems Market: By Product Type (Metered Dose Inhaler, Nebulizer, Dry Powder Inhaler), By Technology (Manually Operated Inhalers, Digitally Operated Inhalers), By Disease Indication (Asthma, Chronic Obstructive Pulmonary Disease (COPD), Pulmonary Arterial Hypertension, Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), and Geography - Global/Region/Country Forecast to 2028."The global pulmonary drug delivery systems market was valued at USD $52,670.16 Mn and anticipated to grow at a 5.8% CAGR rate over the evaluation period 2022-2028.

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Growing preference towards non-invasive techniques is driving the Global Pulmonary Drug delivery Systems:
Pulmonary drug delivery systems work effectively in the treatment of illnesses such as cystic fibrosis and asthma. Different respiratory disorders are treated with the pulmonary route. This drug delivery system delivers the medication through the respiratory tract. The pulmonary drug delivery is obtaining popularity due to its target specificity. It is mainly employed to treat the conditions like delivery of locally acting drugs directly to the sites of action.

Increasing prevalence of different chronic illnesses including bronchitis, chronic pulmonary illness and tuberculosis are projected to drive the pulmonary drug delivery systems market growth. Another important factor is the minimum dosage needs creates demand for pulmonary drug delivery systems market. The preference of the non-invasive techniques is experiencing the market growth. A few more factors such as increasing funds and technological developments are anticipated to fuel the market growth. But, the government regulatory problems in the approval of the product would hinder the pulmonary drug delivery systems market growth.

North America accounted for major share in the Global Pulmonary Drug Delivery Systems Market:
On the basis of regional analysis, global pulmonary drug systems market is categorized into major regions such as Latin America, Europe, Asia Pacific, Middle East, Africa and North America. North America pulmonary drug delivery systems market is projected to expand at fast growth rate because of the increasing prevalence of respiratory disorders. Growing consciousness regarding the modern treatment options and its adoption is anticipated to create healthy growth opportunities over the evaluation time span. Smoking is assessed to cause 71 percent of the lung cancer deaths and 42 percent of the chronic respiratory illnesses globally according to the statistics provided by the WHO, World Health Organization. Among six regions, Europe region witnessed larger prevalence for smoking that is 29% in the year 2008. Europe pulmonary drug delivery systems market is anticipated to reveal a considerable growth over the evaluation time span. Increase in the prevalence of respiratory disorders coupled with growing population is anticipated to fuel the Asia Pacific pulmonary drug delivery systems market growth in the rising economies including China and India.

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Competitive Analysis - Global Pulmonary Drug Delivery Systems Market
Major players working in the global pulmonary drug delivery systems market are Sunovion Pharmaceuticals Inc. (U.S), AstraZeneca plc (U.K), Omron Corporation (Japan), Novartis AG (Switzerland), Teva Pharmaceutical Industries Ltd. (Israel), GlaxoSmithKline (U.K) and 3M (U.S).

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