According to the latest report by IMARC Group, titled “Aerosol Delivery Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the aerosol delivery devices market. The global aerosol delivery devices market reached a value of US$ 41.45 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 60.14 Billion by 2027 exhibiting a CAGR of 5.70% during 2022-2027.
Aerosol delivery devices are handheld, portable drug delivery devices used in treating respiratory disorders, such as asthma, obstructive lung diseases, pulmonary infections and arterial hypertension, and cystic fibrosis. They aid in lessening dosage requirements, reducing systemic adverse effects, and improving the ability of patients to self-administer medication. At present, due to the advent of novel macromolecular medications, smart aerosol delivery devices are finding extensive application in non-respiratory conditions, such as analgesia, diabetes, and Parkinson’s disease.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The rising air pollution levels globally due to rapid urbanization and industrialization are increasing the risk of developing respiratory disorders, such as chronic obstructive pulmonary disease (COPD). This represents one of the key factors driving the market. Besides this, the sudden outbreak of coronavirus disease (COVID-19) that leads to acute respiratory infections among patients is positively influencing the market. Moreover, the leading market players are developing novel aerosol delivery devices that help treat lung infection and chronic inflammation and enhance airway clearance in patients with cystic fibrosis. This, in confluence with the rising demand for personalized drug therapy and the escalating use of online channels for buying medical supplies, is anticipated to strengthen the market growth.
Breakup by Product:
Dry Powder InhalersSingle Dose InhalersMulti Dose InhalersMetered Dose InhalersConventional Pressurized InhalersSoft Mist InhalersNebulizersJet NebulizersUltrasonic Wave NebulizersVibrating Mesh NebulizersBreakup by Application:
AsthmaChronic Obstructive Pulmonary Disease (COPD)Cystic FibrosisNon-Respiratory DiseasesDiabetesAnalgesiaParkinson’s DiseaseBreakup by Distribution Channel:
Retail PharmaciesHospital PharmaciesOnline StoresBreakup by Region:
North America (United States, Canada)Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)Latin America (Brazil, Mexico, Others)Middle East and AfricaCompetitive Landscape with Key Player:
3M CompanyAerogenGlaxoSmithKline plcJohnson & JohnsonKoninklijke Philips N.VMerck & Co. IncMetall Zug AGRecipharm AB (publ)Teva Pharmaceutical Industries LtdVectura Group plcAsk Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/aerosol-delivery-devices-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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