"Global COPD and Asthma Devices Market" report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the COPD and Asthma Devices Market by region.
Global COPD and Asthma Devices Market is valued approximately at USD 36.9 billion in 2019 and is anticipated to grow with a growth rate of more than 4.3% over the forecast period 2020-2027.
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Chronic obstructive pulmonary disease (COPD) and asthma devices are permanent treatment or rescue therapy for respiratory diseases. The COPD and asthma are the respiratory diseases that cause difficulty in breathing and a blockage in the airways of the lungs because of the inflammation, mucus production, and tightening of muscles. The daily exposure to environmental pollution, portability of the drug delivery devices, rising population of active smokers and increasing government initiatives for COPD and Asthma Devices are the few factors responsible for growth of the market over the forecast period. For instance: according to the Forum of International Respiratory Societies (FIRS), around 384 million people suffer from chronic obstructive pulmonary disease (COPD) and 3 million die from it each year, thus making it the third leading cause of death worldwide. Moreover, increase in prevalence of respiratory diseases such as COPD, asthma, and emphysema, rise in need for rescue medication during sudden asthmatic attack and government initiatives towards the spread of awareness for COPD and asthma symptoms will create a lucrative demand for this market. Whereas, increase in price competition and deterioration of material quality and overall high cost of asthma treatment is a challenge for the patients is the major factor restraining the growth of global COPD and Asthma Devices market during the forecast period.
The regional analysis of global COPD and Asthma Devices market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world owing to the widespread and early adoption of inhalers & nebulizers and large pool of patients suffering from respiratory diseases. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Aerogen, Inc.
AstraZeneca PLC
Baxter International Inc.
Boehringer Ingelheim International GmbH
3M COMPANY
GF Health Products
GlaxoSmithKline Plc
Koninklijke Philips N.V.
Novartis AG
PARI medical Holding GMBH
Smiths Group Plc.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
by Product Type:
Inhalers
Nebulizers
by Indication:
Asthma
Chronic Obstructive Pulmonary Disease (COPD)
By Distribution Channel:
Retail Pharmacies
Hospitals
Online Pharmacies
By Region:
North America: U.S., Canada
Europe: UK, Germany, France, Spain, Italy, Rest of Europe (ROE)
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)
Latin America: Brazil, Mexico, Rest of Latin America (RoLA)
Rest of the World
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Report Overview:
This research offers a comprehensive exploration of the emerging trends poised to shape the future business landscape. It delves deep into the pivotal factors driving the growth of the COPD and Asthma Devices market over the projected period. Furthermore, the report sheds light on strategic initiatives undertaken by leading industry players to fortify their market positions.
Market Dynamics:
Encompassing a global perspective, this study presents insights into the influential entities within the worldwide COPD and Asthma Devices market. It encompasses contact details, sales figures, and global market estimates. The research draws from reputable sources and institutions, aggregating a wealth of information and insightful analysis pertaining to the global COPD and Asthma Devices market.
Marketing Insights:
The study furnishes essential facts and statistics relevant for marketers, consultants, and decision-makers navigating the global COPD and Asthma Devices market landscape. With comprehensive regional breakdowns, this research offers a vital resource for newcomers venturing into the global COPD and Asthma Devices market. It encapsulates indispensable insights extracted from the COPD and Asthma Devices Market domain, facilitating informed decision-making processes.
This report covers several key questions related to the global COPD and Asthma Devices market, including:
- What can be expected for the COPD and Asthma Devices market in the next decade?
- What are the primary drivers of growth in the global COPD and Asthma Devices market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the COPD and Asthma Devices market vary based on the size of the end market?
- What is the breakdown of COPD and Asthma Devices by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the COPD and Asthma Devices market?
Our most recent research report showcases the thriving expansion of the global COPD and Asthma Devices Market and offers in-depth insights into the projected market size, share, and revenue until 2031.
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