According to the latest report by IMARC Group, titled “Aerosol Delivery Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” 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.
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.
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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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.
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Competitive Landscape with Key Player:
- 3M Company
- Aerogen
- GlaxoSmithKline plc
- Johnson & Johnson
- Koninklijke Philips N.V
- Merck & Co. Inc
- Metall Zug AG
- Recipharm AB (publ)
- Teva Pharmaceutical Industries Ltd
- Vectura Group plc
The report has segmented the market on the basis on region, product, application, distribution channel.
Breakup by Product:
- Dry Powder Inhalers
- Single Dose Inhalers
- Multi Dose Inhalers
- Metered Dose Inhalers
- Conventional Pressurized Inhalers
- Soft Mist Inhalers
- Nebulizers
- Jet Nebulizers
- Ultrasonic Wave Nebulizers
- Vibrating Mesh Nebulizers
Breakup by Application:
- Asthma
- Chronic Obstructive Pulmonary Disease (COPD)
- Cystic Fibrosis
- Non-Respiratory Diseases
- Diabetes
- Analgesia
- Parkinson’s Disease
Breakup by Distribution Channel:
- Retail Pharmacies
- Hospital Pharmacies
- Online Stores
Breakup 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 Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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