Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Dry Powder Inhaler Market Overview
Dry powder inhaler is referred to a device that helps to deliver medication to the lungs in the form of dry powder. Dry powder inhaler is widely used to treat respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD) and others. Dry powder inhaler is very easy and convenient way to deliver medicine into human being.
Market Size and Forecast
The global dry powder inhaler market is expected to grow at a robust growth over the forecast period i.e. 2017-2024. Further, the market of dry powder inhaler is riding on the back of various factors such as growing prevalence of respiratory diseases such as asthma and others. Moreover, rising demand for advanced healthcare devices for the treatment of chronic diseases is envisioned to boost the demand for dry powder inhaler.
On the basis of application, the global dry powder inhaler market is segmented into asthma, chronic obstructive pulmonary disease (COPD), cystic fibrosis, cardiovascular disease, diabetes and others. Moreover, asthma segment captured the largest market of overall dry powder inhaler market in 2016. Likely, this growth of asthma segment is attributed to the growing asthma affected population.
In terms of regional platform, North America is expected to capture the largest share of the global dry powder inhaler market as they are early adopters of advance healthcare technologies. Additionally, U.S. is anticipated to be the major contributor towards the growth of dry powder inhaler market owing to increasing research and development activities related to healthcare devices. Moreover, presence of major key players of dry powder inhaler such as Mannkind Corporation is believed to flourish the growth of dry powder inhaler market in North America region.
Europe region accounted the second largest market of dry powder inhaler in terms of revenue in 2016. Moreover, increasing asthma patients and rising government healthcare investment are the factors propelling the growth of dry powder inhaler market in Europe region. Asia-Pacific region is expected to showcase a highest CAGR over the forecast period due to emerging economies nations such as China and India. Moreover, Japan and China are the dominating country in this region owing to growing geriatric population and rising disposable income of the population.CLICK TO DOWNLOAD FREE SAMPLE
Market Segmentation
Our in-depth analysis segmented the global dry powder inhaler market in the following segments:
By Type
By Application
By End-User
By Region
Global dry powder inhaler market is further classified on the basis of region as follows:
Growth Drivers and Challenges
Factors such as growing adoption of unhealthy lifestyle, rising geriatric population, rising exposure to smoke & chemicals and increase in the prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD and others are believed to be the dynamic factor behind the rapid growth of dry powder inhaler market across the globe. Further, favorable government initiatives to improve healthcare infrastructure is envisioned to bolster the growth of dry powder inhaler market by the end of 2024.
Moreover, rising disposable income along with increasing adoption of innovative healthcare devices is predicted to fuel the growth of dry powder inhaler market. Likely, rapid urbanization and growing GDP figures of the developed and developing nations are also projected to flourish the growth of dry powder inhaler market. In addition to this, rising healthcare expenditure across the globe is also believed to elevate the growth of dry powder inhaler market.
However, lack of awareness regarding dry powder inhaler is expected to hamper the growth of dry powder inhaler market over the forecast period.
Key players
The major key players for dry powder inhaler market are as follows
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The global dry powder inhaler market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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