Aerosol Delivery Devices Market Size, Share, Growth Report 2022 - 2030

Global Aerosol Delivery Devices market size is expected to be worth roughly USD 54.9 billion by 2030, growing at a CAGR of more than 4.5% during the projected timeframe of 2022-2030, according to Ameco Research

One of the significant factors driving the aerosol delivery devices market growth is the global spread of the coronavirus epidemic COVID-19, which causes respiratory distress infection rates. Aerosol delivery devices are employed in the delivery of drugs for the treatment of respiratory ailments such as asthmatic, obstructive lung problems, pulmonary arterial hypertension, cystic fibrosis, as well as infectious lung problems. They minimize dosage requirements, decrease systemic detrimental effects, and increase patients' capacity to self-administer medication. Aerosol delivery devices that are generally available include pressurized subscription basis inhalers, nebulizers, as well as valved holding chambers. Due to the emergence of innovative macromolecular drugs, smart aerosol drug delivery systems are being used in non-respiratory ailments such as analgesia, diabetes, thyroid disorders, and even genetic diseases.

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Global Aerosol Delivery Devices Market Trends

The prevalence of respiratory conditions like COPD, asthma, as well as cystic fibrosis, is rising, and companies' attention is shifting more and more toward the creation of transportable inhalation devices, which is propelling the aerosol delivery devices market size. Furthermore, growth in the necessity for rescue pharmaceutical therapy during a sudden asthmatic attack, as well as an increase in demand for short-term, are projected to drive the aerosol delivery devices market value in the coming years. Additionally, efficacious asthmatic and COPD treatment, as well as increasing government to raise awareness of COPD and asthmatic symptoms, are important drivers driving the expansion of the aerosol delivery devices market revenue.

Other factors that contribute to market growth include an increase in the aging populations, technological developments in inhaler technique, a boost in patient adoption of aerosol delivery devices, an improvement in urbanization and pollution levels, and a rise in the number of Research and innovation activities to improve ideal aerosolized therapy. Injectable medical instrument's technological advancements have expedited patient adoption of self-injectable equipment. Considering diabetes patients must produce insulin on a daily basis, the expanding insulin-dependent community is driving the growth of this industry. The development of self-injectors, needle-free injectors, pen-injectors, as well as auto-injectors has allowed patients to give drugs at residence without requiring medical assistance. However, problems and adverse effects associated with medicine inhalation, as well as the expensive cost of nebulizers, are projected to stymie the aerosol delivery devices market share.

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Aerosol Delivery Devices Market Segmentation

Ameco Research has fragmented the global aerosol delivery devices market by product, application, and distribution channel. By product, the industry is sub-divided into dry powder inhalers (multi dose inhalers and single dose inhalers), metered dose inhalers (soft mist inhalers and conventional pressurized inhalers), and nebulizers (jet nebulizers, vibrating mesh nebulizers, and ultrasonic wave nebulizers). Currently, the metered dose inhaler segment is the highest revenue generator and is expected to rise substantially during the projected period. The rise in the incidence of lung diseases such as asthma, cystic fibrosis, COPD, and other respiratory diseases, as well as rising demand for metered dose inhalers, a massive rise in health awareness toward innovative and effective diagnostic devices, and technological developments by respiratory technology vendors in MDIs, are important factors driving the segment's growth.

Based on the application, the market is divided into asthma, cystic fibrosis, diabetes, parkinson's disease, chronic obstructive pulmonary disease, non respiratory diseases, and analgesia. Additionally, in terms of distribution channel, the market is categorized into retail pharmacies, e-commerce, and hospital pharmacies. According to the aerosol delivery devices market forecast, the e-commerce segment is expected to grow extensively in the global market over the next few years.

Aerosol Delivery Devices Market Market Companies

Some of the most notable worldwide aerosol delivery devices market players is 3M Company, Gerresheimer AG, Heitkamp & Thumann KG (H&T Presspart), Johnson & Johnson (Actelion Pharmaceuticals Ltd), Merck & Co., Inc., Metall Zug Group (Clement Clarke International Ltd), Recipharm AB (Bespak), Aerogen, Inc., GlaxoSmithKline Plc (GSK), Iconovo AB, Koninklijke Philips N.V., Merxin Ltd, Nemera, Teva Pharmaceutical Industries Limited, and Vectura Group PLC.

Aerosol Delivery Devices Market Regional Outlook

The global aerosol delivery devices market is divided into several geographical regions: North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa. According to the aerosol delivery devices industry analysis, North America registered a significant share in terms of revenue in the global market. The prominence of major companies in the region, as well as the growing number of patients suffering from chronic respiratory disorders, is boosting the region's market value. Chronic obstructive pulmonary disorder (COPD) is America's fourth most common cause of death. According to surveys, approximately 40.3 million Americans were identified with COPD or asthma in 2009. Moreover, the Asia-Pacific region is expected to increase at the quickest rate, with a significant CAGR between 2022 and 2030.

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This release was published on openPR.