Dry Powder Inhaler Device Market Growth [+CAGR of 7.2%]| Business Advancements and Statistics by 2031
Pune, Maharashtra, India, September 15 2022 (Wiredrelease) Prudour Pvt. Ltd –:A dry powder inhaler (DPI) is a device that delivers medication to the lungs in the form of a dry powder. DPIs are used to treat conditions such as asthma, COPD, and pulmonary embolism. They are convenient and easy to use, and they offer a number of advantages over other inhaler devices.
The global dry powder inhaler device market was valued at $1.4 billion in 2018, and it is expected to reach $2.4 billion by 2025, at a CAGR of 7.2%. The dry powder inhaler device market is expected to grow significantly in the coming years. This is due to the rising prevalence of respiratory diseases and the growing demand for effective treatments.
Dry powder inhalers are devices that deliver powdered medication to the lungs. They are used to treat a variety of respiratory diseases, such as asthma, COPD, and cystic fibrosis. There are several advantages of dry powder inhalers over other types of inhalers, such as metered dose inhalers. Dry powder inhalers are more effective at delivering medication to the lungs, and they are also easier to use.
Dry-Powder Inhaler Market Drivers: Rapid Increasing Demand For DPI
The rapid rise in demand for dry powder inhalers due to the increasing prevalence of symptoms such as emphysema, asthma, and bronchitis is expected to cause a boom in the market. It is a growing trend among both teenagers as well as adults, which has led all major pharmaceutical firms to focus on R&D and the development of innovative formulation technologies. There is increasing use of dry powder inhalers and this will drive the market growth through 2021-2026.
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The Dry Powder Inhaler Device Marketplace Challenges
Lack Of Awareness: Lack of awareness about dry powder inhalers is one reason why the global market for them has declined. The absence of substitutes for dry powder inhalers is also a problem due to the high demand.
The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities. Specially, while talking about a major shift during the pandemic period, COVID-19 has been a terrible global public-health crisis that has affected nearly every industry. The industry’s growth will slow down in the future. Our ongoing research allows us to include COVID-19 topics in our research framework. The report provides insight into COVID-19, including changes in consumer behavior and buying patterns, rerouting and dynamics of current market forces and government intervention. The COVID-19 market impact is being examined, estimated, forecasted, and analyzed in the most recent study.
To improve their market position on the global Dry Powder Inhaler Device marketplace, key players now focus on product innovations, mergers/acquisitions, recent developments and joint ventures, collaborations, and partnerships. Market players compete based on product quality. This market is dominated by major players who invest in R&D, manufacturing, and infrastructure development. They also look to integrate opportunities across the value chain.
Lonza, a chemical- and biotechnology solutions company, launched in July 2020 a Center of Excellence for Dry Powder Inhaler Development (DPI). The new center is located at Bend, OR. It will utilize its expertise and knowledge in particle engineering to assist customers with the creation and evaluation of formulations.
Hovione Technology was granted the rights to the commercialization and development of a multi-use dry powder inhaler device (Papillon DPI), by Dr. Klaus-Dieter Beller.
Key Takeaways from the Competitive Landscape Section:
* A comprehensive overview of the profiles of each company of interest
* Participation in revenue share
* Analysis of each key player’s industrial chains
* Business growth strategies mastered by top market players
Key players operating in the global Dry Powder Inhaler Device market are:
Worldwide Dry Powder Inhaler Device Market Segmentation
Analysis by Product Type
Analysis by Applications Type
Regional Segment Analysis of the Dry Powder Inhaler Device Market
– North America (U.S., Canada, Mexico)
– Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
– Asia-Pacific (China, Japan, India, Rest of APAC)
– South America (Brazil and the Rest of South America)
– The Middle East and Africa (UAE, South Africa, Rest of MEA)
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Research Methodology by Market.us
Five phases will be used to conduct research on the keyword market. These include primary research as well as secondary research. Subject matter expert advice and quality control are also included. After gaining a better understanding of the requirements, secondary research was conducted to identify segment specifications, qualitative and quantitative data as well the factors driving the market growth. Secondary sources used in the study are press releases, annual reports from companies and research papers that relate to the industry.
For precise information on market expansion opportunities, data was also gathered from various sources, including trade journals, industry magazines, government websites and associations. Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Faction, Bloomberg, One Source and Hoovers, which proved to be useful for in-depth technical study of the market.
This report answers the following 12 key questions
1. Is Dry Powder Inhaler Device a booming industry?
2. How big is the Dry Powder Inhaler Device market?
3. How fast is the Dry Powder Inhaler Device industry growing?
4. Who are the key players in Dry Powder Inhaler Device?
5. Which industry uses Dry Powder Inhaler Device the most?
6. What is the Dry Powder Inhaler Device market growth?
7. Which region held the largest arDry Powder Inhaler Device market share?
8. What factors drive the Dry Powder Inhaler Device market?
9. What are the business risks and threats to the market?
10. What are the emerging trends in this market and the reasons behind them?
11. What are some changing demands of customers in the market?
12. What are the new developments in the market? Which companies are leading these developments?
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Chapter 1 Preface
This segment provides opinions of key participants, an audit of Dry Powder Inhaler Device industry, market outlook across key regions, financial services, and various challenges faced by Dry Powder Inhaler Device market. It briefly introduces the global Dry Powder Inhaler Device market. This section depends on the Scope of the Study and Report Guidance.
Chapter 2 Executive Summary
It elaborated market outlook by segmentation in Dry Powder Inhaler Device market. In addition, it also represents the market snapshot covered in the report.
Chapter 3 Market Dynamics
This section comprises current market dynamics in the Dry Powder Inhaler Device market. Such as key driving factors, major opportunities areas, restraining factors, & recent trends in Dry Powder Inhaler Device market. It also includes SWOT analysis and Porter’s five force analysis. This help to identify the key growth factors and challenges in the Dry Powder Inhaler Device market.
Chapter 4 Global Dry Powder Inhaler Device market Analysis, Opportunity, and Forecast, 2016-2032
This chapter comprises the current scenario of the Global Dry Powder Inhaler Device market in 2021, including forecast estimation for 2023-2032.
Chapter 5 Geographic Analysis
This section has covered in-depth regional market share analysis and carefully scrutinized it to understand its current and future growth, development, and demand scenarios for this market.
Chapter 6 Covid-19 Impact
This section briefly describes the positive and negative impact of the COVID-19 Pandemic on the Global Dry Powder Inhaler Device Market.
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Chapter 7 Pricing Analysis
This chapter provides price point analysis by region and other forecasts.
Chapter 8 Competitive Landscape
It includes major players in the Dry Powder Inhaler Device market. Moreover, it also covers the detailed company shares analysis in the report based on their product’s demand, and market served, the number of products, applications, regional growth, and other factors.
Chapter 9 Research Methodology
The research methodology chapter includes the following main facts,
9.2 Secondary Research
9.3 Primary Research
Chapter 10 Conclusion
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