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Primary Catalyst Driving Pulmonary Drug Delivery Devices Market Evolution in 2025: Escalating Prevalence Of Respiratory Disorders Is Driving Factors Behind The Growth Of The Pulmonary Drug Delivery Devices Market Driver
Polyoxymethylene (POM) Market Size
There has been a significant expansion in the size of the pulmonary drug delivery devices market in the past few years. This market is projected to increase from a value of $49.52 billion in 2024 to $53.21 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%. Past growth can be linked to a rise in respiratory illnesses like chronic obstructive pulmonary disease (COPD), asthma, and cystic fibrosis. Additionally, factors such as the growing number of elderly individuals globally, heightened awareness concerning the significance of respiratory health, an increase in health spending in developing economies, and a rise in homecare settings for respiratory treatment also contribute.
In the coming years, the market size for pulmonary drug delivery devices is projected to experience significant growth. It is forecasted to reach $69.91 billion by 2029, with a compound annual growth rate (CAGR) of 7.1%. This growth during the forecast period is due to factors such as the increasing demand for customized and precise treatments in respiratory care, the broadening of home healthcare services and remote patient supervision, escalating investment in research and advancement, and heightened attention on early healthcare prevention and intervention strategies. Key trends observed during this period involve advancements in technology, a shift towards the value-based care model and patient-oriented strategies, the incorporation of telehealth and remote supervision abilities into respiratory therapy systems, the use of wearable tech and mobile apps for the self-regulation of respiratory illnesses, and the adoption of 3D printing and digital manufacturing methodologies.
What Factors Are Fueling Growth in the Pulmonary Drug Delivery Devices Market?
The increasing incidence of respiratory disease is likely to fuel the pulmonary drug delivery devices market's expansion. Respiratory diseases are illnesses or conditions that affect the lungs and air passages, impacting human breathing. The rising incidence of these disorders can be attributed to various factors such as escalating air pollution levels, growing smoking habits, urbanization, climate change, and a growing aging population. Pulmonary drug delivery devices are crucial in treating these diseases as they enable the direct transfer of medication to the lungs. For example, as reported by the Centers for Disease Control and Prevention (CDC), a U.S. public health agency, there was a rise in the prevalence of current asthma in adults 18 years and above, from 8.0% in 2021 to 8.7% in 2022. Therefore, the increasing incidence of respiratory diseases could likely boost the pulmonary drug delivery devices market's growth.
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Which Key Market Leaders Are Driving Pulmonary Drug Delivery Devices Industry Growth?
Major companies operating in the pulmonary drug delivery devices market are Medtronic plc, Air Liquide S.A., Becton Dickinson and Company, Koninklijke Philips N.V., Medline Industries Inc., ResMed Inc., Drägerwerk AG And Co. KGaA, Smiths Group plc, AptarGroup Inc., Chiesi Farmaceutici S.p.A., Teleflex Incorporated, Masimo Corporation, Fisher And Paykel Healthcare Limited, Invacare Corporation, Vyaire Medical Inc., Inogen Inc., Drive DeVilbiss Healthcare Inc., Hovione, Hamilton Medical AG, GaleMed Corporation, Allied Healthcare Products Inc., Precision Medical Inc., Salter Labs Inc., Nidek Medical Products Inc.
What Are the Emerging Trends in the Pulmonary Drug Delivery Devices Industry?
Leading corporations in the pulmonary drug delivery device sector are striving to cater to customer needs through the invention of cutting-edge products like small-volume nebulizers. The small-volume nebulizer (SVN), a medical tool that administers medication in mist form to patients with respiratory ailments such as asthma, chronic obstructive pulmonary disease (COPD), and cystic fibrosis, exemplifies these innovations. For instance, Medline Industries LP, a healthcare company from the US, unveiled the Hudson RCI TurboMist, a small-volume nebulizer, in May 2024. This revolutionary device is engineered for swift medication delivery, taking as little as three minutes. It's capable of emitting medicinal substances at a rate 2.5 times faster than average nebulizers, leading to a reduction in treatment duration by approximately 70%. This acceleration in drug distribution notably cuts down treatment time, adding value for healthcare providers by increasing patient throughput and enhancing the patient experience by minimizing therapy session duration.
What Are the Main Segments in the Pulmonary Drug Delivery Devices Market?
The pulmonary drug delivery devices market covered in this report is segmented -
1) By Product Type: Dry Powder Inhalers, Metered Dose Inhalers, Nebulizers
2) By Application: Asthma, Cystic Fibrosis, Chronic Obstructive Pulmonary Disease, Other Applications
3) By Distribution Channel: Retail Pharmacies, Hospital Pharmacies, E-Commerce
Subsegments:
1) By Dry Powder Inhalers (DPIs): Single-Dose DPIs, Multi-Dose DPIs
2) By Metered Dose Inhalers (MDIs): CFC-Based MDIs, HFA-Based MDIs
3) By Nebulizers: Jet Nebulizers, Ultrasonic Nebulizers, Mesh Nebulizers
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Which Geographic Area Leads the Pulmonary Drug Delivery Devices Market?
North America was the largest region in the pulmonary drug delivery devices market in 2023. The regions covered in the pulmonary drug delivery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Pulmonary Drug Delivery Devices Global Market Report?
- Market Size Analysis: Analyze the Pulmonary Drug Delivery Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Pulmonary Drug Delivery Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Pulmonary Drug Delivery Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Pulmonary Drug Delivery Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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