Overview and Scope
Respiratory inhaler devices refer to small, handheld devices that deliver medication directly to the lungs. They are designed to deliver medication directly to the respiratory system, targeting the lungs and minimizing the systemic effects of the drugs providing quick relief during attacks or exacerbations.
Sizing and Forecast
The respiratory inhaler devices market size has grown strongly in recent years. It will grow from $38.54 billion in 2023 to $41.35 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to smoking epidemic, allergic disorders, pharmaceutical innovation, aging population.
The respiratory inhaler devices market size is expected to see strong growth in the next few years. It will grow to $54.72 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to air quality concerns, digital health integration, regulatory emphasis on inhaler safety, personalized treatment. Major trends in the forecast period include inhaler device miniaturization, sustainability and eco-friendly inhalers, home-based care, technological advancements.
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Segmentation & Regional Insights
The respiratory inhaler devices market covered in this report is segmented –
1) By Product: Dry Powder Inhalers; Metered Dose Inhalers; Nebulizers
2) By Technology: Manually Operated Inhaler Devices; Digitally Operated Inhaler Devices
3) By Disease Indication: Asthma; Chronic Obstructive Pulmonary Disease; Pulmonary Arterial Hypertension; Other Indications
4) By End User: Hospitals And Clinics; Respiratory Care Centers; Other End Users
North America was the largest region in the respiratory inhaler devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in respiratory inhaler devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growing prevalence of respiratory diseases is expected to propel the growth of the respiratory inhaler devices market going forward. Respiratory diseases are disorders that affect the lungs and the respiratory system, leading to breathing difficulties and impaired lung function. Respiratory inhaler devices are used to deliver medications directly to the lungs, providing fast and targeted relief for respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), respiratory syncytial virus infection and other respiratory conditions. For instance, in March 2023, according to the Centers for Disease Control and Prevention, a US-based national public health organization, in the United States, 8,300 tuberculosis (TB) cases were reported in 2022, a rise from 7,874 cases in 2021. Therefore, the growing prevalence of respiratory diseases propels the growth of the respiratory inhaler devices market.
Key Industry Players
Major players in the respiratory inhaler devices market are Merck & Co. Inc., Novartis AG, AstraZeneca PLC, Gerresheimer AG, GlaxoSmithKline PLC, 3M, Boehringer Ingelheim International GmbH, Koninklijke Philips N.V., Viatris Inc., Teva Pharmaceutical Industries Ltd., Catalent Inc., Perrigo Company PLC, AptarGroup Inc., Recipharm AB, Chiesi Farmaceutici S.p.A., Cipla Limited, Hikma Pharmaceuticals PLC, Zydus Lifesciences Limited, Lupin Limited, Glenmark Pharmaceuticals Ltd., Orion Corporation, Sumitomo Pharma America Inc., Beximco Pharmaceuticals Ltd., Hovione Limited, Vectura Group Limited, H&T Presspart Manufacturing Ltd., Pari Medical Holding GmbH, OMRON Healthcare Europe B.V., Medisol Lifescience Pvt. Ltd., Consort Medical plc.
The respiratory inhaler devices market report table of contents includes:
1. Executive Summary
2. Respiratory Inhaler Devices Market Characteristics
3. Respiratory Inhaler Devices Market Trends And Strategies
4. Respiratory Inhaler Devices Market – Macro Economic Scenario
5. Global Respiratory Inhaler Devices Market Size and Growth
………….
32. Global Respiratory Inhaler Devices Market Competitive Benchmarking
33. Global Respiratory Inhaler Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Respiratory Inhaler Devices Market
35. Respiratory Inhaler Devices Market Future Outlook and Potential Analysis
36. Appendix
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