Press release
Asthma and COPD Devices Market Size Share Demand Analysis 2022-2029
Asthma and COPD Devices Market Size Share Demand Analysis 2022-2029|DataM Intelligence
Browse Full Report at: https://www.datamintelligence.com/research-report/asthma-and-copd-devices-market
Our research report gives wide perceptions of the latest trends and development prospects of the market analysis, detailed segmentation analysis, volume, size, share, growth drives, and opportunities in the market. In-depth regional and country-level illustration of the competitive landscape depends on several phases and status of clinical trials over the prominent economies of the globe, and also report contains a number of major companies profiled in the relevant market.
Market Drivers:
Technological advancements are anticipated to drive the growth of the market in the forecast period. Limitations of traditional treatments, such as the late onset of action and low efficacy, are projected to encourage the development of novel targeted drugs, thereby driving the market. For instance, in February 2021, Sanofi, in collaboration with Regeneron Pharmaceuticals, initiated a Phase III clinical trial to assess the efficacy and safety of itepekimab on the annualized rate of acute moderate-or-severe COPD exacerbations in former smokers with moderate-to-severe chronic obstructive pulmonary disease (COPD).
The trial is expected to be completed in July 2024. The market players are adopting various strategies such as product launches, developments, collaborations, acquisitions, and expansions to increase their market shares. For instance, in July 2020, Novartis AG received approval from the European Commission (EC) for Enerzair Breezhaler (indacaterol acetate, glycopyrronium bromide, and mometasone furoate [IND/GLY/MF]) as a maintenance treatment of asthma in adult patients not adequately controlled with a maintenance combination of a long‑acting beta2‑agonist (LABA) and a high-dose of an inhaled corticosteroid (ICS) who experienced one or more asthma exacerbations in the previous year.
According to the World Health Organization (WHO) 2021 factsheet, COPD is the third-leading cause of death worldwide, causing 3.23 million deaths in 2019. Over 80% of these deaths occurred in low- and middle-income countries (LMIC). Moreover, the increasing geriatric population globally is boosting the market growth.
Download Sample Report at: https://www.datamintelligence.com/download-sample/asthma-and-copd-devices-market
Market Segmentation:
By Product Type:
• Inhalers (Dry Powered Inhalers, Metered Dose Inhalers, Soft Mist Inhalers)
• Nebulizers (Compressor Nebulizer, Mesh Nebulizer, Ultrasound Nebulizer)
By Distribution Channel:
• Hospital Pharmacy
• Online Pharmacy
• Retail Pharmacy
Geographical Classification:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa
Major Companies Listed:
AstraZeneca PLC, Boehringer Ingelheim GmbH, GlaxoSmithKline PLC, Novartis AG, Hoffmann-La Roche Ltd, Boehringer Ingelheim International GmbH, Merck & Co., Inc, Baxter International, Cipla Ltd, OMRON Healthcare Europe B.V, Teva Pharmaceutical Industries Ltd, PARI Medical Holding, Koninklijke Philips N.V., Beximco Pharmaceuticals Ltd among others.
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DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.
We monitor and analyse the market by dissecting various market influencers, competitive intensity, innovations, trends, and emerging products. This aids us in providing a detailed scenario of the present and future of the market.
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