“Global Respiratory Inhalers market set to grow to $41bn by 2025” says new Visiongain report
28 January 2020
Visiongain has launched a new pharma report The Global Respiratory Inhalers Market : Dry Powder Inhalers, Single-dose DPI, Multi-dose DPI, Metered Dose Inhalers, Nebulizers, Jet Nebulizers, Ultrasonic Nebulizers, Vibrating-mesh Nebulizers, Asthma, COPD, Others.
Respiratory inhalers are used to relieve the symptoms of asthma and COPD and prevent exacerbations, which can lead to expensive hospital stays for patients and increase the risk of mortality. The market is maturing with the launch of generic products expected during the forecast period. The launch of advanced products such as triple combination therapy and focus on development of e-devices are expected to drive the market growth.
Chekeh Mboge, the lead analyst of the report commented "Emerging countries will experience accelerated growth in the respiratory inhaler market, due to higher standards of living, rising life expectancy and an increase in urbanization. This demand alone will not mitigate falling revenues, and with generics becoming increasingly available due to past and upcoming patent expiry’s, traditional pharma companies are focusing on developing newer inhaler technology. These devices, which track patient usage and share with relevant HCPs, will tackle the huge unmet needs of patients: namely, lack of adherence and improper inhaler techniques. Digital inhalers will lead the way towards a patient pathway characterized by personalization and precision medicine. In addition to providing better health outcomes, these new digital inhalers will act as a high barrier to entry ceiling, to counter generic competition and will significantly drive growth in the market."
Leading companies featured in the report include AstraZeneca, Boehringer Ingelheim, Chiesi, Farmaceutici S.p.A., GlaxoSmithKline (GSK), Merck & Co., Novartis, Teva and other companies.
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