Asthma and COPD Devices Market is expected to reach at $ 62.64 bn by 2032, |AstraZeneca, Boehringer Ingelheim, Drive DeVilbiss Healthcare, GF Health Products, Glaxosmithcline, Invacare, Merck, Omron Healthcare, PARI Pharma, Philips Healthcare

Asthma and COPD Devices Market is expected to reach at $ 62.64 bn by 2032, ar CAGR 12.3 %
The primary factors that are driving the market growth include an increase in the burden of asthma and COPD, technological advancements, and the growing geriatric population. The substantial increase in prevalence and incidence of asthma has led to an increase in the patient population, which has, in turn, increased the demand for these devices. According to the World Health Organization (WHO) 2021 factsheet, asthma is a major non-communicable disease (NCD), affecting both children and adults. Globally, it affected an estimated 262 million people in 2019 and caused 461,000 deaths. Also, as per the European Respiratory Society's (ERS) research study titled "An estimate of the European prevalence of COPD in 2050", published in 2020, ERS estimated that there were 36,580,965 Europeans with COPD, and the number is projected to reach 49,453,852 people by the year 2050.

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"The Global Asthma and COPD Devices Market size was estimated at a reasonable million USD in 2021 and expected to reach a healthy million USD in 2022, and is projected to grow at a steady CAGR to get a prominent million USD by 2027."

The market was studied across External Asthma and COPD Devices and Internal Asthma and COPD Devices based on Category. Report provides a basic overview of the industry including definitions, classifications, applications and Asthma and COPD Devices industry chain structure. Top Companies in this report are: AstraZeneca, Boehringer Ingelheim, Drive DeVilbiss Healthcare, GF Health Products, Glaxosmithcline, Invacare, Merck, Omron Healthcare, PARI Pharma, Philips Healthcare

The Asthma Segment is Expected to Hold a Major Market Share in the Asthma and COPD Devices Market
Asthma is a major noncommunicable disease (NCD), affecting both children and adults, and is the most common chronic disease among children. In the United States, asthma is more common in adult women than adult men. According to the Centers for Disease Control and Prevention 2020 report, in the United States, approximately 25 million Americans have asthma. This equals to about 1 in 13 Americans, including 8% of adults and 7% of children. About 20 million United States adults aged 18 years and over have asthma. Also, according to the Asthma and Allergy Foundation of America (AAFA), in 2021, roughly 1 in 13 Americans had asthma, which is about 25 million people. As per the same source, about 5 million American children have asthma.

Recent Developments
In May 2022, Alkem launched its first inhalation device, "Innohaler", for asthma and COPD patients.
In January 2022, Life Wellness Healthcare announced a new update to its online store to ensure that COPD sufferers can alleviate symptoms at home. The AirPhysio device is now available for delivery across the United States with flexible payment plans.

Asthma and COPD Devices Market Segmentation by Type:

Inhaler, Nebulizer.

Asthma and COPD Devices Market Segmentation by Application:

Hospital, Online Store, Medical Machinery Sales Center

The Asthma and COPD Devices market was studied across the Americas, Asia-Pacific, Europe, Middle East & Africa based on region. The Americas is further explored Asthma and COPD Devices report across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied Asthma and COPD Devices report across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further analyzed Asthma and COPD Devices report across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. Finally, Europe, the Middle East & Africa is further studied. Asthma and COPD Devices report across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and the United Kingdom.

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Cumulative Impact of COVID-19 on Asthma and COPD Devices report:

Our ongoing Asthma and COPD Devices report research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. In addition, the updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the Asthma and COPD Devices market.

The Porter Matrix evaluates and categorizes the Asthma and COPD Devices vendors in the market based on Business Strategy (Industry Coverage, Business Growth, Financial Viability, and Channel Support) and Asthma and COPD Devices Product Satisfaction (Ease of Use, Product Features, Value for Money, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Asthma and COPD Devices Market Share Analysis: Knowing Asthma and COPD Devices's market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the Asthma and COPD Devices market characteristics in accumulation, dominance, fragmentation, and amalgamation traits.

The report answers questions such as:

What is the Asthma and COPD Devices market size and forecast of the Global Market?
What are the inhibiting factors and impact of COVID-19 shaping the Global Asthma and COPD Devices Market during the forecast period?
Which products/segments/applications/areas to invest in over the forecast period in the Global Asthma and COPD Devices Market?
What modes and strategic moves are suitable for entering the Global Asthma and COPD Devices Market?

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