Asthma Spacers Market To Rise At A Steady Growth Rate In The Coming Years
An asthma spacer is a medical device used to increase the ease of administering aerosolized medication from an inhaler. The spacers are made from antistatic polymer that helps in prevention of electrostatic charge-related loss of medication to the walls of the chamber. A spacer device is a container with a mouthpiece or mask at one end, and space to insert an inhaler at the other.
The global asthma spacers market is expected to register significant growth in the forecoming years. Major factors driving growth of the global asthma spacers markets are, increasing incidence of chronic disease of airways such as asthma, CPDP, etc. across the globe. In addition, growing geriatric population, increasing demand for novel therapeutic treatment are the other factors expected to drive the growth of the target market over the forecast period.
The global asthma spacers market report has been segmented on the basis of type, distribution channel, and region.
On the basis of type, the global asthma spacers market has been segmented into aerochamber, optichamber, volumatic, inspirease, and others. On the basis of distribution channel, the global asthma spacers market has been segmented into retail pharmacy, hospital pharmacy, and e-commerce. On the basis of region, the global asthma spacers markets segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
In 2018, North America asthma spacers market is expected to account for major share in the global market in terms of revenue, and is expected to maintain its dominance over the forecast period. This is primarily attributed to due to increasing incidence of chronic diseases and favorable reimbursement policies the country in the region. However, Asia Pacific asthma spacers market is projected to register highest CAGR in the next five years, due to growing medical facilities and rising demand for innovative therapeutics for treatment of diseases, and rising healthcare expenditure in the region.
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Key players operating in the global asthma spacers market includes Koninklijke Philips N.V, Trudell Medical Group Ltd., Medical Developments International Limited, Merck & Company, Inc., Pari Gmbh, AstraZeneca plc, GlaxoSmithKline plc, Cipla Limited, Lupin Limited, and Fisons plc
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