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HEALTHCARE & PHARMACEUTICAL

Respiratory Inhaler Device Market Segmentation by Product (Dry Powder Inhalers, Metered Dose Inhalers, and Nebulizers); by Technology (Manually Operated Inhalers Devices, and Digitally Operated Inhalers Devices); and by Disease Indication (Asthma, Chronic Obstructive Pulmonary Disease, Pulmonary Disease, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • December 12, 2021: PetMedix, a UK based research, and development stage biopharmaceutical company joins hand with Boehringer Ingelheim to develop animal antibody therapeutics.

  • December 20, 2018: AstraZeneca announces that European Commission has approved Bevespi Aerosphere in a pressurized metered-dose inhaler for the treatment of COPD.

Global Respiratory Inhaler Device Market Highlights Over 2022 – 2031

The global respiratory inhaler device market is estimated to garner notable CAGR over the forecast period, i.e., 2022 –  2031. The growth of the market can be attributed to increasing cases of chronic obstructive pulmonary diseases. Furthermore, the data published by the World Health Organization states that asthma affected 262 million people in 2019 and caused 455,000 deaths worldwide. The inhaled medication can control asthma symptoms, which is the reason global respiratory inhaler device market is projected to grow significantly during the forecast period. Additionally, the prevalence of chronic obstructive pulmonary diseases is directly related to tobacco smoking. The data released by the Institutes for Health Metrics and Evaluation states that the number of smokers is rising worldwide and in 2019, smoking caused 8 million deaths. On the back of an escalating number of people involved in smoking the global respiratory inhaler device market is estimated to grow significantly during the forecast period. The inhalers are effective in providing relief to common cold patients. On account of the efficacy in providing relief to common cold patients, the global respiratory inhaler device market is projected to grow during the forecast period.

Respiratory Inhaler Device Market

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The market is segmented by disease indication into asthma, chronic obstructive pulmonary disease, pulmonary disease, and others. Out of which, the asthma sub-segment is anticipated to hold the largest share in the global respiratory inhaler device market on account of the aggressively increasing number of patients with asthma. Respiratory inhalers are highly effective in controlling asthma symptoms.

Major Macro-Economic Indicators Impacting the Market Growth

Healthcare Expenditure per Capita, (USD), 2015-2018

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Respiratory Inhaler Device Market Regional Synopsis

Regionally, the global respiratory inhaler device market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is estimated to witness modest growth over the forecast period on the back of the presence of a highly established healthcare infrastructure. Furthermore, the Centers for Disease Control and Prevention states that chronic obstructive pulmonary diseases affect more than 15 million Americans. Owing to this, the global respiratory inhaler device market is projected to witness remarkable growth during the forecast period. Apart from this, a report published by the National Center for Biotechnology Information states that 5% of adults suffer from acute bronchitis every year. A person suffering from bronchitis might receive a nebulizer breathing treatment which calms the inflation in the mucous membrane and allow the body to start to heal.

The Asia Pacific region is also estimated to witness significant growth during the forecast period on the back large number of people suffering from respiratory diseases.  Also, the data released by the WHO, countries such as, Bangladesh, India, and Pakistan are among the most polluted countries in the world, all exceeding WHO guidelines by 10 times. The increasing air pollution in the region is leading to severe respiratory diseases among the population, which is the reason the global respiratory inhaler device market is projected to witness significant growth during the forecast period.

Respiratory Inhaler Device Market Share

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The global respiratory inhaler device market is further classified on the basis of region as follows: 

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook 

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook 

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook 

  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook 

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook 

Market Segmentation 

Our in-depth analysis of the global respiratory inhaler device market includes the following segments: 

By Product 

  • Dry Powder Inhalers
  • Metered Dose Inhalers
  • Nebulizers 

By Technology

  • Manually Operated Inhalers Devices
  • Digitally Operated Inhalers Devices

By Disease Indication

  • Asthma
  • Chronic Obstructive Pulmonary Disease
  • Pulmonary Disease
  • Others

Growth Drivers  

  • Rising Air Pollution
  • Growing Cases of Asthma
  • Increasing Patients with Chronic Obstructive Pulmonary Disease 

Challenges 

  • Associated Side-Effects

Top Featured Companies Dominating the Market 

  • Teva Pharmaceuticals Industries Ltd.
    • Company Overview 
    • Business Strategy 
    • Key Product Offerings 
    • Financial Performance 
    • Key Performance Indicators 
    • Risk Analysis 
    • Recent Development 
    • Regional Presence 
    • SWOT Analysis 
  • Beximco Pharmaceuticals Ltd.
  • Omron Healthcare Europe B.V
  • Boehringer Ingelheim International GmbH
  • Merck & Co., Inc.,
  • GlaxoSmithKline plc.
  • Cipla Inc.
  • Koninklijke Philips N.V.,
  • PARI GmbH
  • AstraZeneca plc

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