PRESS RELEASE
Published April 5, 2023
(Albany, USA) As per DelveInsight’s assessment, the global aerosol delivery devices market was valued at USD 33.95 billion in 2021 and growing at a CAGR of 5.38% during the forecast period (2022 to 2027); it is anticipated to reach USD 46.50 billion by 2027.
Some of the key factors such as rapidly rising cases of respiratory disorders (like asthma, chronic obstructive pulmonary disorders (COPD), and others), decreasing air quality in industrialized areas due to increasing air pollution, growing adoption of digital technology by key pharmaceutical players to provide better respiratory disorder management solutions along with the increase in product approvals are expected to stimulate the aerosol delivery devices market growth in the coming years.
The leading aerosol delivery devices companies working in the market are Novartis AG, AstraZeneca, GlaxoSmithKline plc, CHIESI Farmaceutici S.p.A., Lupin, Zydus Cadila, Teva Pharmaceutical Industries Ltd., OMRON, Koninklijke Philips N.V., PARI GmbH, Boehringer Ingelheim International GmbH., Glenmark Pharmaceuticals Limited, Lepu Medical Technology(Beijing)Co.,Ltd., Rossmax International Ltd, Promed Technology Co., Limited, HELTMAN Medikal A.S., Pneuma Respiratory., Cipla Inc., Microlife Corporation., Honsun, and others.
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DelveInsight’s “Aerosol Delivery Devices Market Forecast 2027” research report provides the current and forecasted aerosol delivery devices market size, share, and trends analysis for the next five years, upcoming innovations in the segment, and major market drivers & barriers. The report also covers an in-depth assessment of the key competitors and emerging products in the domain.
Aerosol Delivery Devices Overview
Aerosol delivery devices are portable devices that deliver medications for chronic obstructive pulmonary disease (COPD) and asthma into the airways. They are used to preventing and treat exacerbations of these chronic conditions. They offer the advantage of avoiding the systemic effects of drugs while ensuring that drugs are delivered right where they are needed.
To provide a better understanding of the market trends, the report covers the Aerosol Delivery Devices Market dynamics segmented by product type (dry powder inhaler, metred dose inhaler, soft mist inhalers, nebulizers [ultrasonic nebulizers, mesh nebulizers, and compressor nebulizers]), by type (conventional inhaler devices and smart inhaler devices), by patient type (adult and pediatrics), by indication (asthma, COPD, and others), and by geography.
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Aerosol Delivery Devices Market Analysis
As per the assessment, the rising prevalence of pulmonary disorders (such as cystic fibrosis, COPD, and others) globally is one of the key factors contributing to the aerosol delivery devices market growth. Asthma is a major chronic respiratory disease affecting adults and children. In 2019, approximately 262 million people worldwide were affected by asthma, and the number of cases is expected to grow in the coming years. Therefore, the growing cases of asthma and other respiratory diseases will lead to increase demand for various aerosol delivery devices as these inhalers allow the medication to directly enter the lungs when breathed through the mouth, thereby relaxing the muscles and opening the airway, allowing more air to move in and out of the lungs for easy and comfortable breathing. The deteriorating air quality and increased air pollutants to several folds due to rapid urbanization have led to a steady increase in respiratory illness, which in turn will lead to market growth for aerosol delivery devices. Moreover, the rising product approvals and launch of vaccines and their administration across the globe and active participation of the global MedTech giants towards products are also expected to drive the market.
Despite several favorable factors, some of the key aspects, such as the lack of a single, effective device for every respiratory disorder and the availability of alternative therapies (such as oral medications and subcutaneous injections), are expected to pose a challenge to the aerosol delivery devices market growth.
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Aerosol Delivery Devices Market – Global Market Assessment and Forecast
Among all the regions, North America is expected to occupy a major share in the overall aerosol delivery devices market in the coming years. Increasing risk and rising prevalence of COPD and other respiratory disorders are expected to drive the aerosol delivery devices demand in the region. Moreover, the increase in adoption of technologically advanced aerosol delivery devices, growing product launches associated with inhalers in the region, presence of well-established healthcare facilities, and rising government initiatives to raise awareness regarding respiratory disorders and their proper management are also anticipated to drive the aerosol delivery devices Market growth in the coming years. Also, recent product approvals in the region will further augment the market for smart inhalers in the region. Furthermore, Europe and Asia-Pacific regions also have higher potential growth prospects for the global aerosol delivery devices market. The presence of key players (such as GlaxoSmithKline, AstraZeneca, and Teva pharmaceuticals, among others) and product launches are also expected to bolster the market for respiratory devices.
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Key Companies in the Aerosol Delivery Devices Market
The leading aerosol delivery devices companies working in the market include Novartis AG, AstraZeneca, GlaxoSmithKline plc, CHIESI Farmaceutici S.p.A., Lupin, Zydus Cadila, Teva Pharmaceutical Industries Ltd., OMRON, Koninklijke Philips N.V., PARI GmbH, Boehringer Ingelheim International GmbH., Glenmark Pharmaceuticals Limited, Lepu Medical Technology(Beijing)Co.,Ltd., Rossmax International Ltd, Promed Technology Co., Limited, HELTMAN Medikal A.S., Pneuma Respiratory., Cipla Inc., Microlife Corporation., Honsun, and others.
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Scope of the Aerosol Delivery Devices Market Report:
- Study Period – 2019-2027
- Aerosol Delivery Devices Market Assessment –
- By Product Type – Dry Powder Inhaler, Metred Dose Inhaler, Soft Mist Inhalers, Nebulizers [Ultrasonic Nebulizers, Mesh Nebulizers, and Compressor Nebulizers]
- By Type – Conventional Inhaler Devices and Smart Inhaler Devices
- By Patient Type – Adult And Pediatrics
- By Indication – Asthma, COPD, and others
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View
- Geography Covered – Global (North America, Europe, Asia-Pacific, and Rest of the World)
Table of Content
| 1 | Report Introduction |
| 2 | Executive summary |
| 3 | Regulatory and Patent Analysis |
| 4 | Aerosol Delivery Devices Market Key factors analysis |
| 5 | Porter’s Five Forces Analysis |
| 6 | COVID-19 Impact Analysis on Aerosol Delivery Devices Market |
| 7 | Aerosol Delivery Devices Market Layout |
| 8 | Global Company Share Analysis – Key 3–5 Companies |
| 9 | Product Profiles and Key Companies |
| 10 | Project Approach |
| 11 | KOL Views |
| 12 | DelveInsight Capabilities |
| 13 | Disclaimer |
| 14 | About DelveInsight |
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