Asthma Spacers Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2026

Published on : Mar-2020 | List of Tables : 27 | List of Figures : 73 | No. of Pages : 170 | Report Code : FACT4596MR | Format :

Increased Incidence of Asthma to Augment Demand for Asthma Spacers

The global geriatric population is proliferating at a rapid pace. By 2050, the number of elderly people is expected to surpass 2 billion, accounting for 22% of the total global population. This rising prevalence of asthma among the elderly is leading to an increase in the demand for asthma spacers. Environmental degradation, leading to poor and reduced air quality

Moreover, studies have demonstrated that 7 out of 10 patients are unable to use inhaler devices effectively. Inhalers require patients to time a good, deep breath exactly while the medicine is released. Most people experience trouble adjusting this. To improve the intake of medication, demand for spacers is expected to be augmented in the foreseeable future. Projections indicate a modest growth between 2020 and 2026. Expected CAGR for asthma spacers is pegged at 3.9% during the forecast period.

Aerochambers to Stimulate Market Growth, Micro Spacers & Flexi-Chambers Follow Close Behind

Aerochambers are expected to gain widespread usage throughout the forecast period. This is attributed to delivery of the medicine in a slow, controlled manner. Moreover, they prevent wastage by ensuring minimum leakage of medicine into the air. The aerochamber segment is anticipated to register more than two-fifth of the asthma spacers market, surpassing a value of US$ 792.94 Mn by 2026. Moreover, demand for devices such as micro spacers and flexi-chambers will witness an uptick, poised to grow at a CAGR of 3.9% between 2020 and 2026.

global asthma spacers market 01

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North America to Retain Market Attractiveness, Asia-Pacific Catching Up

North America shall retain its market attractiveness throughout the forecast period. This is in view of rising incidence of asthma attacks among patients in this region, which has led to an increase in healthcare expenditure. By 2026, North America is anticipated to register a market share of 41%, surpassing a figure of US$ 739.61 Mn. Aerochambers are expected to contribute more than half the share in the North American asthma spacers market.

Trailing behind North America is Asia-Pacific, expected to expand at a CAGR of 4.5%. Development of healthcare sector, in the wake of burgeoning population and subsequent increase in health expenditure, is expected to leverage the asthma spacers market in Asia-Pacific. In addition, increased preference for asthma spacers for better delivery of aerosolized medication is expected to steer the asthma spacers market on an upward trajectory during the forecast period.

Continuous Innovation and New Product Launches Determine Market Competition

The asthma spacers market is highly fragmented, with a number of players having a footprint in the market. These include Trudell Medical International, Koninklijke Philips N.V, GlaxoSmithKline, Medical Developments International, Visiomed Group Ltd. Cipla Ltd. Clement Clarke, AstraZeneca, Merck & Co. and Lupin Pharmaceuticals Inc. to name a few.

Acquisition of product profile of emerging players is a major strategy by key market players. These acquisitions are mostly in the research and development domain where they aim to co-develop innovative technologies. For instance, Trudell International is committed to continuous innovation to fulfil unmet clinical needs of asthma patients. Its AEROCHAMBER PLUS FLOW-VU ensures that medicine is delivered where it is required. It consists of a dedicated inhalation indicator which helps co-ordinate actuation with inhalation.

Similarly, Medical Developments International has developed the Anti-Static Compact Space Chamber Plus, which ensures efficient delivery of medicine to the lungs. It is equipped with the Cross Valve Technology, designed to provide low resistance, one-way flow during inhalation for improved drug delivery and ease of use.

global asthma spacers market 02

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Asthma Spacers Market- Scope of the Report

The recent study by Fact.MR on asthma spacers market offers a 6-year forecast between 2020 and 2026. The study analyzes crucial trends that are currently determining the growth of asthma spacers market. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of asthma spacers. The study also provides dynamics that are responsible for influencing the future status of the asthma spacers market over the forecast period.

A detailed assessment of asthma spacers market value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the asthma spacers market along with their product portfolio enhances the reliability of this comprehensive research study.

Asthma Spacers Market: Report Summary

The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in asthma spacers market across the globe.

A comprehensive estimate on asthma spacers market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of asthma spacers market during the forecast period. Price point comparison by region with global average price is also considered in the study.

 Asthma spacers market Segmentation

Fact.MR has studied the asthma spacers market with detailed segmentation on the basis product type, application and key regions.

Product Type

Distribution Channel

Key Regions

Aerochambers

Retail Pharmacy

North America

Optichambers

e-Commerce

Europe

Volumatic

Hospital Pharmacy

Asia Pacific

Inspirease

 

Latin America

Others

 

Middle East & Africa

“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”

Asthma spacers market: Analysis on Market Size Evaluation

Asthma spacers market has been analyzed for each market segment, in terms of value (US$ Mn).

Market estimates at global and regional levels for asthma spacers is available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent asthma spacers market segments, along with market attractiveness evaluation has been incorporated in the report.

Asthma Spacers Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the asthma spacers report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (political economic, and business environment outlook), which are expected to have a momentous influence on the growth of asthma spacers market during the forecast period.

Country-specific valuation on demand for asthma spacers has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value for emerging countries has also been included in the report.

Asthma Spacers Market: In-Depth Analysis on Competitive Landscape

The report sheds light on the leading manufacturers of asthma spacers along with their detailed profiles. Essential and up-to-date data information related to the market performers, who are principally engaged in the production of asthma spacers, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which includes essentials such as product portfolio, key strategies along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through the matrix for all the prominent players thus providing the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in asthma spacers market. Prominent manufacturers with established market presence in global asthma spacers market are Trudell Medical International, PARI GmBh, Medical Development International, Koninklijke Philips, N.V, AstraZeneca, GlaxoSmithKline and Merck & Co. Ltd.

1. Preface 

     1.1. Report Scope and Market Segmentation 

     1.2. Research Highlights

2. Assumptions and Research Methodology 

     2.1. Assumptions and Acronyms Used

     2.2. Research Methodology

3. Executive Summary

     3.1. Global Asthma Spacers Market: Market Snapshot

4. Market Overview

     4.1. Global Asthma Spacers Market: Product Overview 

     4.2. Global Asthma Spacers Market: Key Industry Developments

     4.3. Market Dynamics

            4.3.1. Drivers

            4.3.2. Restraints

            4.3.3. Opportunities

     4.4. Global Asthma Spacers Market Revenue Projections, 2016–2026

     4.5. Porter’s Five Forces Analysis

     4.6. Global Asthma Spacers Market Outlook

5. Market Outlook

     5.1. Key Mergers and Acquisitions

     5.2. Key Market Trends

     5.3. Pricing Analysis: Different Asthma Spacers

     5.4. Strategies Adopted by Top Three Players

6. Global Asthma Spacers Market Analysis, by Product Type

     6.1. Key Findings

     6.2. Introduction

     6.3. Global Asthma Spacers Market Value Share and Attractiveness Analysis, by Product Type

     6.4. Global Asthma Spacers Market Value Forecast, by Product Type

                   6.4.1. Aerochamber

            6.4.2. Optichamber

            6.4.3. Volumatic

            6.4.4. Inspirease

            6.4.5. Others

     6.5. Global Asthma Spacers Market Analysis, by Product Type

7. Global Asthma Spacers Market Analysis, by Distribution Channel

     7.1. Key Findings

     7.2. Introduction

     7.3. Global Asthma Spacers Market Value Share and Attractiveness Analysis, by Distribution Channel

     7.4. Global Asthma Spacers Market Value Forecast, by Distribution Channel

            7.4.1. Retail Pharmacy

            7.4.2. Hospital Pharmacy

            7.4.3. E-commerce

     7.5. Global Asthma Spacers Market Analysis, by Distribution Channel

8. Global Asthma Spacers Market Analysis, by Region

     8.1. Global Asthma Spacers Market Scenario, by Country

     8.2. Global Asthma Spacers Market Value Share and Attractiveness Analysis, by Region

     8.3. Global Asthma Spacers Market Value Forecast, by Region

            8.3.1. North America

            8.3.2. Europe

            8.3.3. Asia Pacific 

            8.3.4. Latin America

            8.3.5. Middle East & Africa

9. North America Asthma Spacers Market Analysis

     9.1. Key Findings

     9.2. North America Asthma Spacers Market Overview

     9.3. North America Asthma Spacers Market Value Share and Attractiveness Analysis, by Country

     9.4. North America Asthma Spacers Market Forecast, by Country

            9.4.1. U.S.

            9.4.2. Canada

     9.5. North America Asthma Spacers Market Value Share Analysis, by Product Type

     9.6. North America Asthma Spacers Market Forecast, by Product Type

            9.6.1. Aerochamber

            9.6.2. Optichamber

            9.6.3. Volumatic

            9.6.4. Inspirease

            9.6.5. Others

     9.7. North America Asthma Spacers Market Value Share Analysis, by Distribution Channel

     9.8. North America Asthma Spacers Market Forecast, by Distribution Channel

            9.8.1. Retail Pharmacy

            9.8.2. Hospital Pharmacy

            9.8.3. E-commerce

     9.9. North America Asthma Spacers Market Attractiveness Analysis\

10. Europe Asthma Spacers Market Analysis

     10.1. Key Findings

     10.2. Europe Asthma Spacers Market Overview

     10.3. Europe Asthma Spacers Market Value Share and Attractiveness Analysis, by Country/Sub-region

     10.4. Europe Asthma Spacers Market Forecast, by Country/Sub-region

            10.4.1. Germany

            10.4.2. U.K.

            10.4.3. France

            10.4.4. Italy

            10.4.5. Spain

            10.4.6. Rest of Europe

     10.5. Europe Asthma Spacers Market Value Share Analysis, by Product Type

     10.6. Europe Asthma Spacers Market Forecast, by Product Type

            10.6.1. Aerochamber

            10.6.2. Optichamber

            10.6.3. Volumatic

            10.6.4. Inspirease

            10.6.5. Others

     10.7. Europe Asthma Spacers Market Value Share Analysis, by Distribution Channel

     10.8. Europe Asthma Spacers Market Forecast, by Distribution Channel

            10.8.1. Retail Pharmacy

            10.8.2. Hospital Pharmacy

            10.8.3. E-commerce

     10.9. Europe Asthma Spacers Market Attractiveness Analysis

11. Asia Pacific Asthma Spacers Market Analysis

     11.1. Key Findings

     11.2. Asia Pacific Asthma Spacers Market Overview

     11.3. Asia Pacific Asthma Spacers Market Value Share and Attractiveness Analysis, by Country/Sub-region

     11.4. Asia Pacific Asthma Spacers Market Forecast, by Country/Sub-region

            11.4.1. China

            11.4.2. India

            11.4.3. Japan

            11.4.4. Australia & New Zealand

            11.4.5. Rest of Asia Pacific

     11.5. Asia Pacific Asthma Spacers Market Value Share Analysis, by Product Type

     11.6. Asia Pacific Asthma Spacers Market Forecast, by Product Type

                   11.6.1. Aerochamber

            11.6.2. Optichamber

            11.6.3. Volumatic

            11.6.4. Inspirease

            11.6.5. Others

     11.7. Asia Pacific Asthma Spacers Market Value Share Analysis, by Distribution Channel

     11.8. Asia Pacific Asthma Spacers Market Forecast, by Distribution Channel

            11.8.1. Retail Pharmacy

            11.8.2. Hospital Pharmacy

            11.8.3. E-commerce

     11.9. Asia Pacific Asthma Spacers Market Attractiveness Analysis

12. Latin America Asthma Spacers Market Analysis

     12.1. Key Findings

     12.2. Latin America Asthma Spacers Market Overview

     12.3. Latin America Asthma Spacers Market Value Share and Attractiveness Analysis, by Country/Sub-region

     12.4. Latin America Asthma Spacers Market Forecast, by Country/Sub-region

            12.4.1. Brazil

            12.4.2. Mexico

            12.4.3. Rest of Latin America

     12.5. Latin America Asthma Spacers Market Value Share Analysis, by Product Type

     12.6. Latin America Asthma Spacers Market Forecast, by Product Type

            12.6.1. Aerochamber

            12.6.2. Optichamber

            12.6.3. Volumatic

            12.6.4. Inspirease

            12.6.5. Others

     12.7. Latin America Asthma Spacers Market Value Share Analysis, by Distribution Channel

     12.8. Latin America Asthma Spacers Market Forecast, by Distribution Channel

            12.8.1. Retail Pharmacy

            12.8.2. Hospital Pharmacy

            12.8.3. E-commerce

     12.9. Latin America Asthma Spacers Market Attractiveness Analysis

13. Middle East & Africa Asthma Spacers Market Analysis

     13.1. Key Findings

     13.2. Middle East & Africa Asthma Spacers Market Overview

     13.3. Middle East & Africa Asthma Spacers Market Value Share Analysis, by Country/Sub-region

     13.4. Middle East & Africa Asthma Spacers Market Forecast, by Country/Sub-region

            13.4.1. GCC Countries

            13.4.2. Saudi Arabia

            13.4.3. Israel

            13.4.4. Rest of Middle East & Africa

     13.5. Middle East & Africa Asthma Spacers Market Value Share Analysis, by Product Type

     13.6. Middle East & Africa Asthma Spacers Market Forecast, by Product Type

            13.6.1. Aerochamber

            13.6.2. Optichamber

            13.6.3. Volumatic

            13.6.4. Inspirease

            13.6.5. Others

     13.7. Middle East & Africa Asthma Spacers Market Value Share Analysis, by Distribution Channel

     13.8. Middle East & Africa Asthma Spacers Market Forecast, by Distribution Channel

            13.8.1. Retail Pharmacy

            13.8.2. Hospital Pharmacy

            13.8.3. E-commerce

     13.9. Middle East & Africa Asthma Spacers Market Attractiveness Analysis

14. Competition Landscape

     14.1. Asthma Spacers Market Share Analysis, by Company, 2017

     14.2. Competition Matrix

     14.3. Company Profiles

            14.3.1. Trudell Medical International

                     14.3.1.1. Company Details

                     14.3.1.2. Business Overview

                     14.3.1.3. Financial Overview

                     14.3.1.4. Strategic Overview

                     14.3.1.5. SWOT Analysis

            14.3.2. PARI GmbH

                     14.3.2.1. Company Details

                     14.3.2.2. Business Overview

                     14.3.2.3. Financial Overview

                     14.3.2.4. Strategic Overview

                     14.3.2.5. SWOT Analysis

            14.3.3. GlaxoSmithKline plc

                     14.3.3.1. Company Details

                     14.3.3.2. Business Overview

                     14.3.3.3. Financial Overview

                     14.3.3.4. Strategic Overview

                     14.3.3.5. SWOT Analysis

            14.3.4. CONMED Corporation

                     14.3.4.1. Company Details

                     14.3.4.2. Business Overview

                     14.3.4.3. Financial Overview

                     14.3.4.4. Strategic Overview

                     14.3.4.5. SWOT Analysis

            14.3.5. Medical Developments International

                     14.3.5.1. Company Details

                     14.3.5.2. Business Overview

                     14.3.5.3. Financial Overview

                     14.3.5.4. Strategic Overview

                     14.3.5.5. SWOT Analysis

            14.3.6. Koninklijke Philips N.V

                     14.3.6.1. Company Details

                     14.3.6.2. Business Overview

                     14.3.6.3. Financial Overview

                     14.3.6.4. Strategic Overview

                     14.3.6.5. SWOT Analysis

            14.3.7. Merck & Co., Inc

                     14.3.7.1. Company Details

                     14.3.7.2. Business Overview

                     14.3.7.3. Financial Overview

                     14.3.7.4. Strategic Overview

                     14.3.7.5. SWOT Analysis

            14.3.8. AstraZeneca

                     14.3.8.1. Company Details

                     14.3.8.2. Business Overview

                     14.3.8.3. Financial Overview

                     14.3.8.4. Strategic Overview

                     14.3.8.5. SWOT Analysis

            14.3.9. Overview of other Prominent Players

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Asthma Spacers Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2026