COPD Drug Delivery Device Market Growth, Size, Forecast, Top Companies Profiles, Market Research Report

Global COPD Drug Delivery Device Market Size is projected to be reach at USD 13.7 billion by 2030, with a CAGR of 4.7% over the appropriate years of 2022-2030, as per the Acumen Research and Consulting

The major factor propelling the COPD drug delivery device market value is the rising incidence of chronic respiratory disorders worldwide. The widespread availability of COPD medicine delivery systems in retail pharmacies & e-pharmacies is projected to boost the industry. Furthermore, increased R&D initiatives have encouraged the creation of novel drug-delivery systems, and the latest product releases by market leaders are expected to have a substantial influence on the global market for COPD drug-delivery devices.

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COPD Drug Delivery Device Market Overview

COPD drug delivery devices deliver medicines to the lungs for the treatment of respiratory disorders. Due to the non-invasive approach, large surface area for absorption, high blood circulation, and absorption rate, this method is often used. There are now four types of COPD drug delivery devices: pressurized metered dosage inhalers (pMDI), soft mist inhalers (SMI), dry powder inhalers (DPI), and nebulizers. One of the significant characteristics of COPD treatment is that therapies comprise both the prescription medicine and the device used to administer that medication. The rising incidence of chronic diseases such as tuberculosis, bronchitis, and chronic respiratory diseases, constraints of conventional therapies for drug delivery applications, improved drug penetrability, lower dosage requirements, advancements in technology, and an increase in tobacco consumption are expected to propel the COPD drug delivery device market revenue.

COPD Drug Delivery Device Market Trends

Chronic obstructive pulmonary disease (COPD) drug delivery devices are used as long-term or emergency treatment for respiratory disorders and related ailments. Furthermore, COPD & asthmatic are respiratory conditions that cause breathing difficulties and an obstruction in the lungs' airways. Furthermore, the World Health Organization (WHO) estimates that there were approximately 251 million cases of COPD worldwide in 2016. As a result, for the administration of COPD and asthma, a number of drug-delivery regimens, such as parenteral and oral administration, are being explored. However, when compared to other traditional approaches, the respiratory drug delivery method is the most successful therapy option.

The increase in the incidence of respiratory disorders such as COPD, asthma, and emphysema, the increasing necessity for rescue treatment during abrupt respiratory events, as well as the growing demand for short-term, beneficial medicine are the primary drivers driving market expansion. Furthermore, manufacturers' increasing emphasis on the introduction of advanced, compact inhaling devices, as well as government measures to raise awareness of COPD and asthmatic symptoms, are projected to drive market expansion. Besides this, environmental impacts connected with metered dose inhalers, the massive price of certain inhalation devices and treatments, pricing competition, and material deterioration are projected to impede market expansion.

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COPD Drug Delivery Device Market Segmentation

The global COPD drug delivery device market has been segmented by Acumen Research and Consulting based on type, product, distribution channel, and end-use.

• By type, the market is categorized into digital devices, and manual devices.

• By product, the market is divided into nebulizers, and inhalers.

• By distribution channel, the market is classified into offline, and online.

• By end-use, the market is segmented into homecare settings, hospitals, and clinics. As per the COPD drug delivery device market forecast, the hospitals segment is predicted to develop significantly in the next years.

COPD Drug Delivery Device Market Regional Overview

Geographically, the worldwide COPD drug delivery device market segmentation is into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. The COPD drug delivery device industry analysis shows that North America held a significant market share in 2021. The rising prevalence of respiratory disorders in the United States has boosted the demand for COPD drug delivery devices in North America. Accordance to the American Lung Association, approximately 16.4 million individuals in the United States have chronic bronchitis, emphysema, or COPD.

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COPD Drug Delivery Device Market Players

The COPD drug delivery device industry is extremely competitive, with both domestic and international competitors. Some of the prominent COPD drug delivery device market companies are Cipla Inc., GlaxoSmithKline plc, Sunovion Pharmaceuticals, Inc., Boehringer Ingelheim GmbH, Novartis AG, Merck & Co., Inc., AstraZeneca, Koninklijke Philips N.V., PARI GmbH, Omron Corporation, and Teva Pharmaceutical Industries.

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Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

This release was published on openPR.