Market Definition
Both children and adults can get asthma, which is a chronic condition. Asthma results from a restricted airway in the lungs caused by inflammation and tight muscles around the airways. The typical symptoms of asthma include wheezing, chest tightness, coughing, and shortness of breath. A holding chamber in the form of a tube is an asthma spacer. Less medication enters the mouth and throat thanks to the spacers’ help getting it straight to the lungs. The metered-dose inhaler, often known as a puffer, is very helpful while utilizing the asthma spacer (MDI). The appropriate administration of aerosolized medication is aided by a spacer.
Market Outlook
The Asthma Spacers market was valued at over USD 1.7 billion in 2022 and it is anticipated to grow at a CAGR of 6.4% during the forecast period.
The rising prevalence of respiratory disorders, which is a major element fueling the expansion of the worldwide asthma spacer market, is the cause of the rising demand for asthma spacer. An increased chance of having asthma is associated with a number of variables, including allergic diseases including eczema and rhinitis (hay fever), urbanization, exposure to tobacco smoke, and viral respiratory infections. For instance, the World Health Organization (WHO) estimates that in 2019 asthma killed over 461,000 people and impacted nearly 262 million people. Furthermore, according to Asthma U.K., there were 77,124 hospital admissions for asthma in 2017 and someone in the U.K. gets a potentially fatal asthma episode every 10 seconds.
The development of the global market for asthma spacers during the forecast period would be significantly hampered by alternative treatments for asthma. Bronchial thermoplasty is an effective treatment for asthma. It is a tried-and-true alternative asthma treatment. For instance, the Alair BT System study, which included patients treated with it, reported encouraging results in May 2017 from the Post Approval Clinical Trial Evaluating Bronchial Thermoplasty (BT) in Severe Persistent Asthma (PAS2) study, according to Boston Scientific, a manufacturer of medical devices. The research results demonstrated that BT decreased problems in adult patients with severe chronic asthma.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
The report analyses the global asthma spacers market based on the type, distribution channel, and region.
Global Asthma Spacers Market by Type
Based on the type, it is segmented into aerochamber, optichamber, Volumatic, and inspirease. The Aerochamber segment is anticipated to dominate the market during the forecast period. The increasing level of air pollution leads to respiratory diseases, which is anticipated to drive the global asthma spacer market growth during the forecast period.
Global Asthma Spacers Market by Distribution Channel
Based on the distribution channel, it is segmented into hospital pharmacies, retail pharmacies, optical stores, and online pharmacies. The hospital pharmacies segment is anticipated to dominate the market during the forecast period. The growing prevalence of asthma across the globe is boosting the growth of the market.
Geographical Analysis of the Global Asthma Spacers Market
Region-wise, it is studied across the North America, Europe, Asia Pacific, and the Rest of the World. Due to factors including the easy accessibility of technologically improved products, the rising prevalence of asthma, and increased healthcare spending in the region, North America is predicted to lead the market. One of the major factors influencing the expansion of the studied market in North America is the increased incidence of asthma, particularly among the senior population in the United States.
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Major Players
The major players studied in the report are Cipla Inc., PARI GmbH, Koninklijke Philips N.V., GSK plc., HAAG-STREIT GROUP, Laboratoire ProtecSom, Monaghan Medical Corporation, Koo Medical Equipment, AGPMED Rossmax International Ltd., and Teleflex among others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape- Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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