Asthma Spacers Market - By Product Type (AeroChamber, OptiChamber, Volumatic, Inspirease), By Distribution Channel (Retail Pharmacies, Hospital Pharmacies, Online Pharmacies) – Global Forecast 2024 – 2032
Report ID: GMI8354
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Published Date: March 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 11
Tables & Figures: 152
Countries covered: 22
Pages: 75
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Asthma Spacers Market Size
Asthma Spacers Market size was valued at around USD 1.66 billion in 2023 and is anticipated to register a CAGR of 5.5% between 2024 and 2032. Asthma spacers, also known as inhaler spacers or aerosol-holding chambers, are medical devices used in conjunction with metered-dose inhalers (MDIs) to improve the delivery of inhaled medications to the lungs for individuals with asthma or other respiratory conditions.
The rising incidence and prevalence of chronic respiratory conditions have become a significant public health concern globally. For instance, according to the World Health Organization (WHO) in 2019, asthma affected about 262 million people, resulting in 455,000 deaths. Thus, as the prevalence of chronic respiratory conditions, including asthma, continues to rise globally, there is a growing need for effective management and treatment options such as asthma spacers.
Furthermore, public, and private organizations are investing significantly in research and development activities aimed at innovating and improving various therapeutic respiratory devices. These investments stimulate the development of new and improved spacer devices with enhanced features, such as smart inhalers which is estimated to reach USD 3.3 billion by 2032, dose counters, anti-static chambers, and compact designs, which cater to the evolving needs of patients and healthcare providers.
Asthma Spacers Market Trends
There is increasing awareness among healthcare providers and patients about the benefits of using asthma spacers in conjunction with metered-dose inhalers (MDIs). Spacers help optimize the delivery of medication to the lungs by reducing the need for precise coordination between inhaler activation and inhalation.
Asthma Spacers Market Analysis
Based on product type, the market is segmented into AeroChamber, OptiChamber, Volumatic, Inspirease, and other product types. The AeroChamber segment is estimated to account for USD 641.5 million in 2023.
The asthma spacers market by distribution channel is categorized into hospital pharmacies, retail pharmacies, and online pharmacies. The hospital pharmacies segment accounted for around USD 642 million revenue size in 2023.
North America asthma spacers market accounted for USD 672.2 million revenue in 2023 and is predicted to witness substantial market growth.
Asthma Spacers Market Share
The asthma spacers industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products based on different technologies is among a key market strategy. Some of the leading industry players including Cipla, GlaxoSmithKline plc, Koninklijke Philips N.V., Lupin Limited, among others have a notable presence in the market.
Asthma Spacers Market Companies
Some of the eminent market participants operating in the asthma spacers industry include:
Asthma Spacers Industry News:
The asthma spacers market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:
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Market, By Product Type
Market, By Distribution Channel
The above information is provided for the following regions and countries: