Asthma Inhaler Device Market Size, Emerging Trends, Share Value, Growth Insights and Industry Outlook by 2025

Asthma Inhaler Device Market   – Overview

Asthma Inhaler Devices help to manage asthmatic conditions. They offer relief in asthma attacks, relaxing the tightened muscles around the airways. Therefore, eradicating the need to rush to the hospital at any given time. Despite the availability of several medications, therapies, and devices, asthmatic patients largely rely on Inhalers for their efficacies. Innovations such as Rescue inhalers, containing short-acting beta2-agonists drugs that offer relief in most asthma attacks is just one of the examples that define the augmented demand for these inhalers. And, the market for Asthma Inhaler Device keeps growing pervasively.  

Increasing prevalence of asthma cases and COPDs (chronic obstructive pulmonary diseases) are fuelling the market growth, predominantly. The increasing technological advancements transpired in the field of medical technology, provide impetus to the market growth to an extent. Furthermore, the intervention of digital health into asthma management has presented innovations like mobile applications and electronic monitoring devices, complementing to asthma inhalers. This, in turn, has escalated the market on the global platform. 

Acknowledging the exponential growth the market perceives currently and gauging the potential the market holds to grow in the future; Market Research Future (MRFR), has recently published a study report. In its analysis, MRFR asserts that the global Asthma Inhaler Devices market will grow exponentially by 2025, registering 5.2?GR throughout the forecast period (2019 – 2025).

Additionally, factors such as growing population and geriatric populace worldwide are fostering the market growth. Improving economic conditions are contributing to the market growth, enabling access to the quality life & the improved healthcare. Seminal efforts &investments put in the development of these devices, by the key market players are paying off well, driving the market growth.

On the other hand, factors such as low awareness among people about the availability & advantages of these devices, the cost of these inhalers, which is slightly on the higher side, along with the skepticism towards the benefits of these devices among patients are likely to impede the growth of the Asthma Inhaler Devices market. 

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Also, the improper inhaling techniques that lead to deeming Asthma Inhalers less-effective, and the unmet medical needs in the low-income countries are some of the factors that inhibit the market growth considerably. Nevertheless, advent Inhaler devices that provide real-time data to patients and doctors alike are expected to push the demand up in the market during the forecast period.

Asthma Inhaler Device Market   – Segments

For the convenience of the report and enhanced understanding; MRFR has segmented the report into four key dynamics. 

By Types : Consists of MDI (Metered-Dose Inhaler), MDI with a Spacer, and Dry-Powder Inhaler among others. 

By Technology: Manually & Digitally Operated Inhaler Devices, among others.

By End Users : Clinics, Hospital, and Retail Stores, among others. 

By Regions : North America, Europe, APAC and Rest of the World.

Global Asthma Inhaler Device Market   – Geographical Analysis 

Globally, North America is the leading market for Asthma Inhalers, accounting for the largest revenue pocket, followed by the Europe & Asia Pacific markets, respectively.  The US market backed by the high expenditure on healthcare is the major contributor to the regional market growth. Moreover, increasing patient population and availability of a wide range of products provide impetus to the regional market growth. 

On the other hand, Europe, the world’s second-largest market for asthma inhaler device, is fostered by the high per capita income and robust healthcare penetration in the region. The strong market growth in the countries like Germany & France drives the regional market growth, large scale. With the presence of a huge patient pool with various types of allergic conditions and extensive use of respiratory devices, the market is projected to register a phenomenal CAGR during the forecast period. 

Asia Pacific market for the asthma inhaler device is expected to perceive an exponential growth. Owing to the huge population and the burgeoning medical treatment market, India & China drive the regional market growth.  Asthma is prevailing in the region along with the increasing number of patients complaining about respiratory problems. Vietnam, Thailand, and Malaysia among the other South East Asian countries are projected to contribute significantly to the regional market growth.  With the rising environmental pollution and rising demand for respiratory inhalers, the APAC region will register a significant CAGR during the review period.

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Global Asthma Inhaler Device Market   – Competitive Landscape

The Global Asthma Inhaler Device market is fiercely competitive with the presence of several large and small players operating in the market. These market players acquire promising companies to expand in the fast-growing markets, focusing on improving their market performance. The market structure is dynamic due to the acquisition of local manufactures by the multinational companies. Strategies like product innovations and technologies are creating strong investment opportunities for the market players.

Industry/ Innovation/ Related News

May 8, 2018 – Researchers at the University of Cape Town (UCT – South Africa) published the study of a new device they have developed – Easy Squeeze, an assistant device for metered-dose asthma inhalers. It needs less force to activate the asthma pump or inhaler – making it far easier for children and the elderly. 

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