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Asthma Spacers Market is anticipated to grow at a CAGR of 6.4% during the forecast period 2021-2031 | PARI GmbH, Koninklijke Philips N.V., GSK plc., HAAG-STREIT GROUP

06-09-2023 03:03 PM CET | Health & Medicine

Press release from: Global Insight Services

Asthma Spacers Market

Asthma Spacers Market

The Asthma Spacers market was valued at USD 1637.5 million in 2021 and it is anticipated to grow further till USD 3036.7 million by 2031, at a CAGR of 6.4% during the forecast period.

Both children and adults can get asthma, which is a chronic condition. Asthma results from a restricted airway in the lungs caused by inflammation and tight muscles around the airways. The typical symptoms of asthma include wheezing, chest tightness, coughing, and shortness of breath. A holding chamber in the form of a tube is an asthma spacer. Less medication enters the mouth and throat thanks to the spacers' help getting it straight to the lungs. The metered-dose inhaler, often known as a puffer, is very helpful while utilizing the asthma spacer (MDI). The appropriate administration of aerosolized medication is aided by a spacer.

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Market Trends and Drivers

The rising prevalence of respiratory disorders, which is a major element fueling the expansion of the worldwide asthma spacer market, is the cause of the rising demand for asthma spacer. An increased chance of having asthma is associated with a number of variables, including allergic diseases including eczema and rhinitis (hay fever), urbanisation, exposure to tobacco smoke, and viral respiratory infections. For instance, the World Health Organization (WHO) estimates that in 2019 asthma killed over 461,000 people and impacted nearly 262 million people. Furthermore, according to Asthma U.K., there were 77,124 hospital admissions for asthma in 2017 and someone in the U.K. gets a potentially fatal asthma episode every 10 seconds.

Market Restraints and Challenges

The development of the global market for asthma spacers during the forecast period would be significantly hampered by alternative treatments for asthma. Bronchial thermoplasty is an effective treatment for asthma. It is a tried-and-true alternative asthma treatment. For instance, the Alair BT System study, which included patients treated with it, reported encouraging results in May 2017 from the Post Approval Clinical Trial Evaluating Bronchial Thermoplasty (BT) in Severe Persistent Asthma (PAS2) study, according to Boston Scientific, a manufacturer of medical devices. The research results demonstrated that BT decreased problems in adult patients with severe chronic asthma.

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Global Asthma Spacer Market Segmentation
By Type

• Aerochamber
• Optichamber
• Volumatic
• InspirEase

Major Players in the Global Asthma Spacers Market

The major players studied in the report are Cipla Inc., PARI GmbH, Koninklijke Philips N.V., GSK plc., HAAG-STREIT GROUP, Laboratoire ProtecSom, Monaghan Medical Corporation, Koo Medical Equipment, AGPMED Rossmax International Ltd., and Teleflex among others.

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Reasons to buy Asthma Spacers Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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Global Insight Services LLC
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E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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