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Pulmonary Drug Delivery Systems Market is Booming Growth Prospects, Incredible Demand and Business Strategies 2023-2030 | 3M Health Care, Allied Healthcare Products, Inc., AstraZeneca

12-01-2023 02:06 PM CET | Health & Medicine

Press release from: Coherent Market Insights

Pulmonary Drug Delivery Systems Market is Booming Growth

According to Coherent Market Insights, the global pulmonary drug delivery systems market is estimated to be valued at US$ 34.34 billion in 2023 and is expected to exhibit a CAGR of 4.6% during the forecast period (2023-2030). Pulmonary drug delivery systems are devices used for administering drugs to treat various respiratory diseases like asthma, COPD, and cystic fibrosis. These devices facilitate delivery of drugs directly into the lungs for local or systemic treatments.

Market Dynamics:

The pulmonary drug delivery systems market is witnessing high growth owing to the increasing prevalence of respiratory diseases globally. As per the World Health Organization, respiratory diseases accounted for over 4 million deaths in 2019. Chronic obstructive pulmonary disease (COPD) alone is projected to be the third leading cause of death worldwide by 2030. Moreover, factors such as rising geriatric population, growth in healthcare spending, and technological advancements in pulmonary drug delivery devices are also fueling the market growth during the forecast period. However, factors such as complex drug delivery mechanisms and availability of alternative drug delivery modes can hinder market growth.

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Market Driver:

The increasing prevalence of chronic respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), and cystic fibrosis globally is one of the key factors driving the growth of the pulmonary drug delivery systems market. According to the Global Burden of Disease Study, around 251 million cases of asthma were reported worldwide in 2016. Similarly, the Global Initiative for Chronic Obstructive Lung Disease (GOLD) estimates that over 330 million people suffer from COPD globally. Pulmonary drug delivery offers several advantages over traditional routes of drug administration for treating such respiratory diseases. These systems ensure direct delivery of drugs to the lungs, help achieve higher concentration of drugs at the site of action, and reduce the dosing frequency and systemic side effects associated with oral therapies. This has led to a growing demand for advanced pulmonary delivery devices such as metered dose inhalers, dry powder inhalers, nebulizers, and other systems across the world.

Market Restraint:

Patent expiration of blockbuster respiratory drugs has emerged as a major challenge restraining the growth of the pulmonary drug delivery systems market. For example, the patents of GlaxoSmithKline's Advair Diskus expired between 2013-2015 across different regions. Advair Diskus was one of the top-selling respiratory drug which generated over $5 billion in annual revenues for GSK. Similarly, patents of other blockbuster drugs such as Symbicort and Spiriva are scheduled to expire during 2018-2022. This has opened opportunities for generic versions and alternate drug delivery systems. However, it has reduced the profitability of patented product developers and inhaler manufacturers who derived a major portion of their revenues from these drugs. The availability of low-cost generics is also decreasing the demand and sales of branded pulmonary delivery devices in the market. This poses significant near-term challenges for established market players.

Competitive Landscape

In the segment specifically devoted to leading companies in the Pulmonary Drug Delivery Systems Market of the market analysis document, our researchers provide a summary of the financial statements of all the major companies, covering their noteworthy developments, product benchmarking, and SWOT analysis. The corporate profile copy also includes financial information and a business summary. The businesses in this area can be customized to match the unique needs of the client.

Some of the Top Players in Pulmonary Drug Delivery Systems Market:

3M Health Care, Allied Healthcare Products, Inc., AstraZeneca, Boehringer Ingelheim International GmbH., CareFusion Corporation, GF Health Products, Inc., GlaxoSmithKline plc, Merck & Co., Inc., Novartis AG, Omron Healthcare, Inc., Glenmark Pharmaceuticals, PARI Respiratory Equipment, Inc., Koninklijke Philips N.V.

Detailed Segmentation:

Global Pulmonary Drug Delivery Systems Market, By Product Type:
Nebulizers
Dry Powder Inhalers (DPIs)
Metered Dose Inhalers (MDIs)

Global Pulmonary Drug Delivery Systems Market, By Application:
Asthma
Chronic Obstructive Pulmonary Disease (COPD)
Cystic Fibrosis
Allergic Rhinitis
Others

Global Pulmonary Drug Delivery Systems Market, By Distribution Channel:
Hospitals Pharmacies
Retail Pharmacies
Online Pharmacies

Regional Analysis -

North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
Latin America (Colombia, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Market Opportunity:

The growing transition towards digital healthcare models presents new opportunities for players in the pulmonary drug delivery systems market. Technologies such as electronic monitoring devices, mobile applications, and web-based platforms allow continuous monitoring of patients' medication use and symptoms. This helps clinicians optimize drug therapies in real-time. Several companies are now developing "smart" inhalers integrated with such digital technologies. For instance, Adherium launched "SmartTrack"-an add-on sensor for inhalers that transmits usage data via Bluetooth. Likewise, Cohero Health offers a connected asthma inhaler along with a mobile app. As digital health models become more pervasive, there will be increased demand for integrated devices with remote monitoring capabilities. This provides an opportunity for market players to commercialize innovative "digital-first" pulmonary drug delivery portfolios tailored for the connectivity era. Partnerships with digital health companies and payers can further aid successful adoption of such solutions.

Market Trend:

One of the major trends shaping the future of pulmonary drug delivery systems is the increasing focus on personalized therapies. With advancements in genomics, biomarkers and 3D printing, there is a shift from "one-size-fits-all" treatment approaches to more customized solutions tailored to individual patient needs, biology and drug response. Several companies are developing personalized dry powder and metered-dose inhalers that can be calibrated precisely based on a person's inspiratory flow profile and disease condition. Likewise, companion diagnostics are being integrated with dry powder inhalers to enable dosage adjustments according to a patient's genetic makeup and mutation levels. 3D printing also offers opportunities to manufacture customized reservoirs, capsules and active ingredients for inhalers. This emerging trend towards personalized pulmonary drug delivery holds potential to transform patient outcomes, therapy management and market dynamics.

Reasons to Purchase this Report:

✔ Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.
✔ Reports provide opportunities and threats faced by suppliers in the Pulmonary Drug Delivery Systems industry around the world.
✔ The report shows regions and sectors with the fastest growth potential.
✔A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.
✔ The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.
✔ This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.

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Questions Answered by the Report:

(1) Which are the dominant players of the Pulmonary Drug Delivery Systems Market?
(2) What will be the size of the Pulmonary Drug Delivery Systems Market in the coming years?
(3) Which segment will lead the Pulmonary Drug Delivery Systems Market?
(4) How will the market development trends change in the next five years?
(5) What is the nature of the competitive landscape of the Pulmonary Drug Delivery Systems Market?
(6) What are the go-to strategies adopted in the Pulmonary Drug Delivery Systems Market?

📌Contact Us:
Mr. Shah
Coherent Market Insights Pvt. Ltd,
📞Phone: U.S.: +1-206-701-6702
📞U.K.: +44-020-8133-4027
📞JAPAN: +81-50-5539-1737
📞INDIA: +91-848-285-0837
✉ Email: sales@coherentmarketinsights.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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