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Asthma Spacers Market Report on the Untapped Growth Opportunities in the Industry
According to the latest research by InsightAce Analytic, the global Asthma Spacers Market Size is valued at USD 1.62 Billion in 2023 and is predicted to reach USD 2.69 Billion by the year 2031 at a 6.8 % CAGR during the forecast period for 2024-2031.
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Asthma is a chronic condition for which no permanent cure exists. To manage the disease and maintain a normal lifestyle, individuals rely on various therapeutic approaches and dietary modifications. Inhalers are increasingly being used to alleviate asthma symptoms; however, many individuals struggle with their proper use, as effective administration requires a deep inhalation precisely when the medication is released. Spacers play a crucial role in enhancing medication delivery by allowing patients to inhale the drug more efficiently. These devices extend the time available for inhalation, reducing the need for precise coordination between inhaling and actuating the inhaler. A spacer is a hollow tube, typically made of plastic, equipped with a holding chamber that aids in the administration of medication via a metered-dose inhaler (MDI), commonly referred to as a puffer. Spacers are particularly beneficial for individuals managing asthma or chronic obstructive pulmonary disease (COPD).
The market for asthma spacers is anticipated to expand significantly as respiratory issues become more common. investments made by the government and healthcare organisations to promote public knowledge of this product and avoid respiratory disorders. Additionally, it is projected that over the course of the projection period, technical breakthroughs in the realm of inhalers and spacers will accelerate market expansion. Additionally, it is anticipated that the market for asthma spacers would soon increase due to the rising number of generic medications receiving approvals with increased efficacy. However, the cost of the asthma spacer products is anticipated to impede market expansion throughout the anticipated period. Another factor that is expected to hinder market growth during the forecast period is the general lack of awareness of this product.
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North America is anticipated to be the major contributor to the Asthma Spacers market over the forecast years. One of the factors causing the market to grow is the region's increased asthma prevalence and increasing knowledge of the use of asthma spacers. In addition, the Asia Pacific Asthma Spacers market is expected to grow significantly during the forecast period due to the region's increased frequency of asthma and the use of asthma spacers. The product demand is also anticipated to increase as a result of product developments. The main driver of rising sales and demand for spacers in the Asia Pacific region is consumer awareness of the products that are on the market.
Major market players operating in the Asthma Spacers market include
Medical Development International, Pari GmbH, Conmed Corporation, Trudell Medical International, GlaxoSmithKline, Merck & Co., Inc, AstraZeneca, Cipla, Clement Clarke, Lupin, Fisons, Koninklijke Philips N.V, Bird Healthcare, InspiRX Inc. and many more.
Recent collaborations and agreements in the market:
• In September 2019, GlaxoSmithKline (GSK), a pharmaceutical business with headquarters in the UK, and Avalon Ventures have finalized their deal for GSK to acquire Sitari Pharmaceuticals. The agreement covers the Company's acquisition and its intellectual property. To effectively stop the inflammatory response that causes intestinal inflammation and cell pathogenesis, Sitari is creating TG2 inhibitors. GSK intends to conduct its research on immunologic-driven diseases as well as biologically relevant targets with the addition of the TG2 program.
• In March 2019, Envy Medical, Inc. was purchased by Allergan plc. Envy Medical's commitment to skincare goods and to offering Allergan customers a variety of services is strengthened by the inclusion of Dermal infusion. Teenagers are drawn to the skin resurfacing process, which emphasises skin consistency.
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Market Segments
Global Asthma Spacers Market, by Brand, 2024-2031 (Value US$ Mn)
• Space Chamber Plus
• A2A Spacer
• Flo-Tone CR
• Able Spacer
• AeroChamber
• Volumatic
• Vortex
• OptiChamber
• Others
Global Asthma Spacers Market, by Application, 2024-2031 (Value US$ Mn)
• Hospital Pharmacies
• Online Pharmacies
• Retail Pharmacies
Global Asthma Spacers Market, by Region, 2024-2031 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Asthma Spacers Market, by Country, 2024-2031 (Value US$ Mn)
• U.S.
• Canada
Europe Asthma Spacers Market, by Country, 2024-2031 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Asthma Spacers Market, by Country, 2024-2031 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Asthma Spacers Market, by Country, 2024-2031 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Asthma Spacers Market, by Country, 2024-2031 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.
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