What is Respiratory Inhaler Devices Market Scope?
Respiratory inhaler systems are used as a long-term or emergency treatment for respiratory problems and other illnesses. Respiratory inhaler manufacturing has had to evolve in response to the increasing prevalence of respiratory disorders. The demand for more precise drug delivery is allowing for greater adoption of respiratory inhaler devices, especially among asthma and chronic obstructive pulmonary disease (COPD) patients (COPD). COPD and asthma are respiratory conditions that cause breathing difficulties and a blockage in the lungs' airways. The rising prevalence of respiratory illnesses, as well as the growing demand for effective treatments, has generated lucrative growth opportunities. Smart inhaler technology is a novel technology that helps patients keep track of their doses and provides a variety of other benefits.
The Respiratory Inhaler Devices market study is being classified by Type (Inhalers (Drug Powder Inhalers (DPIs), Metered Dose Inhalers (MDIs), and Soft Mist Inhalers (SMIs)) and Nebulizers (Compressor Nebulizers, Ultrasonic Nebulizers, Mesh Nebulizers)), by Application (Asthma, Chronic Obstructive Pulmonary Disease, Pulmonary Arterial Hypertension and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies Research Analyst at AMA predicts that Players from Asia Pacific will contribute to the maximum growth of Global Respiratory Inhaler Devices market throughout the predicted period.
AstraZeneca plc (United Kingdom), Lupin limited (India), Zydus Cadila (India), GF Health Products (United States), Boehringer Ingelheim GmbH (Germany), Cipla Ltd. (India), GlaxoSmithKline plc. (United Kingdom), Philips Healthcare (Netherlands), Merck & Co., Inc. (United States) and Teva Pharmaceutical Industries Ltd. (Israel) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Medisana (Germany), Hunan vathin (China) and Verathon inc (United States).
Analyst at AMA have segmented the market study of Global Respiratory Inhaler Devices market by Type, Application and Region.
On the basis of geography, the market of Respiratory Inhaler Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
January 2020 – Aptar Pharma, a global leader in drug delivery systems, services, and active packaging solutions, has announced that it has partnered with Lupin Limited to launch India’s first connected device for metered-dose inhalers (MDI) called ADHERO.
August 2020 – Lupin Limited (Lupin) announced that it has received approval from the United States Food and Drug Administration (U.S. FDA) for its Albuterol Sulfate Inhalation Aerosol, a generic version of ProAir HFA and October 2020 – Zydus Cadila has announced launching India’s first pressurized Metered Dose Inhaler (pMDI) - Forglyn pMDI with a combination of Long-Acting Beta Agonist (LABA) and Long Acting Muscarinic Antagonist (LAMA) for COPD patients
Influencing Market Trend
- Rising Adoption of Smart Inhalers
- Rising Cases of Respiratory Diseases Such as Asthma and COPD
- Rapid Growth in the Global Geriatric Population
- High Prevalence of Tobacco Smoking (Main cause of respiratory problems)
- Growing Investment in Healthcare Industry
- Stringent Regulatory Factors
- Low Awareness and Large Underdiagnosed and Undertreated Population
Key Target AudienceManufacturers of Respiratory Inhaler Devices, Suppliers of Respiratory Inhaler Devices, Wholesalers, Distributors and Retailers of Respiratory Inhaler Devices, Healthcare Industry, Manufacturers of Healthcare Devices and Governmental Bodies
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