Asthma Spacers Market Trend - Rising Government Initiatives to Raise Awareness About Severe Respiratory Diseases
Increasing incidence of various respiratory diseases, rising investments on developing advanced products and devices, and growing awareness about importance of using asthma spacers are some key factors expected to drive global Asthma Spacers market growth.
According to Emergen Research, the global asthma spacers market size was USD 1.85 billion in 2019 and is expected to reach USD 2.38 billion in 2027 and register a steady revenue CAGR of 3.4% during the forecast period, 2020-2027.
Asthma is a chronic respiratory condition in which air passages in the lungs become narrow due to tightening and inflammation of the muscles around the airways. Millions of children and adults across the globe suffer from asthma. This condition cannot be completely cured, but good management with inhaled medications and drugs can help in controlling it. Inhalers are the most commonly used medication for asthma. Asthma spacers are extremely useful while using these inhalers or puffers.
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An asthma spacer is a tube-shaped holding chamber, used for making the aerosolized medication administration from a metered-dose inhaler easy. These spacers help in delivering the medication straight to the lungs, thereby resulting in fewer doses in throat and mouth. Factors such as increasing prevalence of chronic obstructive pulmonary disease, asthma, sleep apnea, and lung cancer globally, rising availability of various types of asthma spacers in the market, and increasing levels of air pollution worldwide are expected to drive global market revenue growth.
However, high costs of asthma spacers and low awareness about these spacers especially in the developing and underdeveloped economies are some key factors that can hamper overall market growth to a certain extent during the forecast period.
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Aerochamber Segment To Account for Largest Revenue Share:
The aerochamber segment is expected to account for largest revenue share between 2020 and 2027 owing to large patient pool, growing demand for convenient and user-friendly products, and high demand for aerochambers among patients with face difficulties in coordinating hand to mouth techniques.
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Homecare Segment to Register Rapid Revenue CAGR:
The homecare segment is expected to register rapid revenue CAGR over the forecast period owing to rising prevalence of chronic pulmonary diseases, increasing geriatric population, and rising availability of various types of advanced and user-friendly spacers.
North America to Lead In Terms of Revenue Share:
North America is expected to dominate other regional markets in terms of revenue share during the forecast period owing to increasing prevalence of respiratory diseases across the region, rising levels of pollution, and rising investments by public and private organizations for the development of advanced and innovative products.
Major Companies in the Market Include:
- Lupin Limited
- Trudell Medical Group Ltd.
- GlaxoSmithKline plc
- Cipla Limited
- Merck & Co., Inc.
- Clement Clarke International Ltd
- PARI GmbH
- AstraZeneca plc/AB
- Fisons plc
- Allergan plc
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For the purpose of this report, Emergen Research has segmented the global asthma spacers market on the basis of type, distribution channel, end-use, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Retail Pharmacy
- Hospital Pharmacy
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Clinics & Hospitals
Regional Outlook (Revenue, USD Billion; 2017–2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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