Global Asthma Inhaler device Information,by device type(Metered-Dose Inhaler, MDI with a Spacer, Dry-Powder Inhalerand others), by technology (manually operated inhaler devices, digitally operated inhaler devices and others), by end users (hospital, clinics, retail storesand others)- Forecast to 2022
Pune, India -- (SBWIRE) -- 03/05/2018 -- The Global Asthma Inhaler Devices Market is growing exponentially owing to rising prevalence of chronic respiratory disease and increasing usage of combination therapy is the major factor driving the Asthma Inhaler Devices Market. The global Asthma Inhaler Devices market is expected to grow at a CAGR of 6% during the forecasted period.
The Global Asthma Inhaler Market has been evaluated as steadily growing market and expected that the market will reach high growth figures. Asthma inhalers are the devices which are used to control the respiratory conditions by directly inhaling the drug into the respiratory tract. Asthma is a chronic disease of the airways of lungs that causes difficulty in breathing. In Asthmatic patients, the inside wall of the airways are swollen or inflamed.
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The inflammation results in the temporary narrowing of the airways carrying oxygen to the lungs. This causes asthmatic symptoms such as shortness of breath, coughing, wheezing, and chest tightness. Asthma, in severe cases can cause inability to talk. Asthma is an incurable illness. Asthma is being treated with the help of the oral drugs and other therapies. However, the respiratory inhalers have completely changed the way Asthma is treated. With the use of respiratory inhalers, asthma can be managed in a better way and the number of people with reduced symptoms or with controlled symptoms has increased. Some examples of the inhalers that are used for the Asthma management are Symbicort, Relvar, and Atimos Modulite among others. According to the Forum of International Respiratory Societies, young children and infants were especially susceptible to respiratory diseases. Around 9.0 million children under the age of 5 years die per year and the common thing in them is the presence of lung diseases.
Key Players for Asthma Inhaler Device Market:
Some of the key players in this market are:GSK, Merck & Co., Inc. (US), 3M (US), Aristopharma Ltd. (Dhaka), SRS PHARMACEUTICALS PVT. LTD. (India), Intas Pharmaceuticals Ltd (India) and others.
Global Asthma Inhaler Device Market - Regional Analysis:
Depending on geographic region, Globally North America is the largest market for Asthma Inhalers. Currently there are around 6.4% of American suffering from COPD in U.S. and around 5.4 million people suffering from asthma in U.K. This major growth is attributed to the popularity of the dry powder inhalers among population due to its several advantages over Metered Dose Inhalers and other types of inhalers.
Europe is the second-largest market for asthma inhalers. It is observed that almost 70% of the child's death occurred per year due to respiratory disorders are due to these sudden attacks hence rescue medication or rescue inhalers can serve better to save lots of lives per year.
Asia pacific region is expected to be fastest growing region in respiratory Inhaler market. Middle East & Africa is expected to have limited but steady growth in the market. These countries with the advancement of technology are expected to show large number of cases of asthma and other respiratory disease which remain unnoticed currently.
Study Objectives of Asthma Inhaler Device Market:
To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the Asthma inhaler device market
To provide insights about factors affecting the market growth
To analyze the Asthma inhaler device market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- Americas, Europe, Asia-Pacific, and Middle East & Africa.
To provide country level analysis of the market with respect to the current market size and future prospective
To provide country level analysis of the market for segments by type, by end users and its sub-segments.
To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Asthma inhaler device market.
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