Global Aerosol Delivery Devices Market Report 2024: Growth Rate, Major Segments And Regions

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The Aerosol Delivery Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Aerosol Delivery Devices Global Market Report 2024, The aerosol delivery devices market size is expected to see strong growth in the next few years. It will grow to $65.48 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to expanding applications in chronic disease management, increasing R&D investments, rising demand for personalized medicine, rising air pollution levels leading to respiratory disorders, and aging population driving demand for respiratory treatments. Major trends in the forecast period include technological advancements, advancements in drug delivery systems, the introduction of generic alternatives, the development of biologics and specialty drugs for inhalation therapy, and advancements in nanotechnology for aerosol drug delivery.

The increase in the prevalence of respiratory diseases is expected to propel the growth of the aerosol delivery device market going forward. Respiratory diseases encompass a broad range of conditions affecting the airways, lungs, and respiratory system. The cases of respiratory diseases are occurring due to air pollution, smoking, allergens, and respiratory infections. Aerosol delivery devices are used in respiratory diseases to efficiently deliver medications, such as bronchodilators and corticosteroids, directly to the lungs, improving therapeutic outcomes and patient compliance. For instance, in May 2024, according to the data published by the National Center for Health Statistics (NCHS), a U.S.-based health statistics agency, the prevalence of current asthma among adults aged 18 and over in the United States increased from 8% in 2021 to 8.7% in 2022 in the US. Additionally, the incidence of asthma episodes in the past 12 months for adults in the same age group rose from 3.3% in 2021 to 3.7% in 2022. Therefore, the increase in the prevalence of respiratory diseases will drive the growth of the aerosol delivery device market.

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The aerosol delivery devices market covered in this report is segmented –

1) By Product: Dry Powder Inhalers, Metered Dose Inhalers, Nebulizers
2) By Application: Asthma, Chronic Obstructive Pulmonary Disease, Cystic Fibrosis, Non Respiratory Diseases
3) By Distribution Channel: Retail Pharmacies, Hospital Pharmacies, E Commerce

Major companies operating in the aerosol delivery device market are focusing on innovative inhaler dose trackers to improve medication adherence through user-friendly design features. An intelligent inhaler dose tracker is an aerosol delivery device equipped with sensors and connectivity features to monitor medication usage, enhance adherence, and provide patients and healthcare providers real-time data. For instance, in June 2024, Aseptika Ltd., a UK-based MedTech company, introduced the groundbreaking PUFFClicker3 Universal Inhaler. This smart inhaler dose counter attaches to various inhalers, utilizing sensors to log each dose. It includes real-time dose monitoring, a user-friendly interface, and Bluetooth connectivity to sync with health apps, aiding patients in adhering to medication schedules and offering healthcare providers comprehensive adherence information.

The aerosol delivery devices market report table of contents includes:

1. Executive Summary
2. Aerosol Delivery Devices Market Characteristics
3. Aerosol Delivery Devices Market Trends And Strategies
4. Aerosol Delivery Devices Market – Macro Economic Scenario
5. Global Aerosol Delivery Devices Market Size and Growth
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32. Global Aerosol Delivery Devices Market Competitive Benchmarking
33. Global Aerosol Delivery Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Aerosol Delivery Devices Market
35. Aerosol Delivery Devices Market Future Outlook and Potential Analysis
36. Appendix