The global respiratory inhaler devices market is expected to reach a market size of USD 52.43 Billion by 2027, and register a high CAGR during the forecast period, according to a new report by Reports and Data.
The respiratory inhaler devices market is driven by increase in the incidence of respiratory diseases such as asthma and chronic obstructive pulmonary disease (COPD). Players in the market are investing in the development of advanced portable inhalation devices that will also fuel growth of the market.
Respiratory diseases is among the leading cause of death and disability globally. According to the World Health Organization, around 65 million people suffer from chronic obstructive pulmonary disease, and 3 million die every year, making it the third leading cause of death.
Rise in trend of smart respiratory inhaler devices will drive growth of the market in the coming years. Smart inhaler devices are designed to connect with mobile application and help users to monitor dosage reminders and medication schedules. However, high cost of respiratory inhaler devices will hinder growth of the market.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
AstraZeneca, Cipla Ltd., Merck Co., Inc., GlaxoSmithKline plc, Boehringer Ingelheim International GmbH, Medisol Lifescience Pvt. Ltd., Koninklijke Philips N.V., Novartis AG, Philips Healthcare, and 3M.
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
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The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Respiratory Inhaler Devices market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
On basis of product types and application offered by the Respiratory Inhaler Devices industry, the market is segmented into:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Dry Powder Inhaler
- Metered Dose Inhaler
- Compressed Air Nebulizer
- Ultrasonic Nebulizer
- Mesh Nebulizer
Mode of Operation Outlook (Revenue, USD Billion; 2017-2027)
- Digitally Operated Inhaler Devices
- Manually Operated Inhaler Devices
Application Outlook (Revenue, USD Billion; 2017-2027)
- Chronic Obstructive Pulmonary Disease
- Pulmonary Arterial Hypertension
The regional analysis covers:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Benefits of Respiratory Inhaler Devices Market Report:
- Panoramic overview of the opportunities and risks in the Respiratory Inhaler Devices sector
- Study of recent innovations and developments in the industry
- Comprehensive study of the growth pattern of the Respiratory Inhaler Devices industry
- In-depth assessment of the competitive landscape of the key players of the Respiratory Inhaler Devices industry
- Analysis of the Respiratory Inhaler Devices market drivers, constraints, and opportunities
- Assessment of technological developments and latest trends of the industry
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