How Ditching Asthma Spacers Market Turned Out To Be The Best Thing For Asthma Patient
New York City, NY: Sept 05, 2019 – Published via (Wired Release) – Asthma is a chronic respiratory condition which affects people of all ages. Asthma spacers are designed to counter problems associated with medication errors related to dosage formulation issues and help in achieving maximum safety and drug efficacy by accurate drug delivery in the pulmonary system of patients suffering from a respiratory disease.
The first five-year cumulative revenue (2019–2023) is projected to be more than US$ 8 Bn which is expected to increase relatively over the latter part of the five-year forecast period. The global asthma spacers market is expected to value at over US$ 1.5 Bn in 2019 and is expected to register a CAGR of 4.7%.
Global Asthma Spacers Market: Market Dynamics
Major factor driving growth of the global asthma spacers market is increasing incidence of asthma. For instance, according to the World Health Organization in 2017, approximately 235 Mn people suffered from asthma and in 2015, the disease killed approximately 383 Mn patients around the globe. In addition, increasing healthcare expenditure and growing elderly population along with growing awareness regarding asthma spacers products in developing and under-developed countries are some major factors expected to drive growth of the global asthma spacers market.
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Moreover, increasing government initiatives that mandatory to use of asthma spacers with metered dose inhalers and rising prevalence of chronic inflammatory disease of the airways are among some other factors expected to drive growth of the global asthma spacers market. Furthermore, increasing technological advancements and rising number of approvals for inhalers and spacers or valve holding chambers is expected to have a positive impact on growth of the global asthma spacers market
However, lack of professional guidance to patients regarding product or device usage, and of practitioners can potentially limit adoption of products as well as growth of the target market.
Global Asthma Spacers Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global asthma spacers market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global asthma spacers market is expected to register a CAGR of 4.7% during the forecast period.
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Global Asthma Spacers Market: Segmental Snapshot
The market report has been segmented on the basis of product type, distribution channel, and region. The product type segment includes aerochamber, optichamber, volumatic, and inspirease. On the basis of distribution channel, the target market segmented into retail pharmacy, hospital pharmacy, and e-commerce. The region includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
By Product Type: The aerochamber segment is expected to register highest CAGR of over 4.8% over the forecast period in the global market
By Distribution Channel: The e-commerce segment is expected to register highest CAGR of over 4.7% over the forecast period in the global market
By Region: The market in Asia Pacific is expected to register the highest CAGR of over 5.0% in the global asthma spacer market
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Global Asthma Spacers Market: Competitive Analysis
The research report on the global asthma spacers market includes profiles of some of the major companies such as Koninklijke Philips N.V., Merck & Co., Inc., PARI GmbH, AstraZeneca Plc, GlaxoSmithKline Plc, Cipla Inc., Trudell Medical Group Ltd., Medical Developments International Limited, Lupin Limited, and Sanofi S.A. (Fisons plc)
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