According to Emergen Research, the global asthma spacers market size was USD 1.91 billion in 2020 and is expected to reach USD 2.46 billion in 2028 and register a revenue CAGR of 3.4% during the forecast period, 2021-2028.
Emergen Research has published its latest report titled “Asthma Spacers Market, By Type (Inspirease, Optichamber, Aerochamber, Volumatic), By Distribution Channel (E-commerce Channels, Retail Pharmacies, Hospital Pharmacies, Others), By End-use (Homecare Settings, Hospitals & Clinics, Others), and By Region Forecast to 2028”
According to Emergen Research, the global asthma spacers market size was USD 1.91 billion in 2020 and is expected to reach USD 2.46 billion in 2028 and register a revenue CAGR of 3.4% during the forecast period, 2021-2028.
Market Dynamics:
The global asthma spacers market revenue growth is majorly attributed to factors such as rising prevalence of chronic respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, lung cancer, and sleep apnea; increasing awareness of the uses and benefits of asthma spacers; introduction of technologically advanced spacers, inhalers, and other respiratory devices; and increasing government initiatives to raise awareness of severe respiratory diseases. Asthma is a chronic respiratory disease affecting over millions of people globally.
Aerosol drug delivery is the first-line drug administration method in asthma management, and the most common inhaler device used by asthmatic patients is the metered dose inhaler (MDI). Asthma spacers, also called valve holding chambers, are attached with the MDIs to provide better and more effective drug delivery. Rising investments by public and private organizations in R&D activities for product innovation are expected to further drive the global asthma spacers market revenue growth over the forecast period. However, the global asthma spacers market revenue growth is restrained by factors such as rising costs of these devices and lack of awareness among people about the product.
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COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Aerochamber Segment Accounted for Largest Revenue Share in 2020:
Based on type, the global asthma spacers market is segmented into Inspirease, Optichamber, Aerochamber, and Volumatic. The aerochamber segment was the most dominant in terms of largest revenue share in the global market in 2020. Increasing demand for aerochamber asthma spacers, owing to various advantages such as convenient handling and use and fewer side-effects compared to other types, is one of the key factors driving revenue growth of this segment.
Hospitals & Clinics Segment to Account for Fastest Revenue CAGR:
Based on end-use, the global asthma spacers market is segmented into Homecare Settings, Hospitals & Clinics, and Others. The hospitals & clinics segment is projected to register the fastest revenue CAGR in the global market over the forecast period. Rising prevalence of chronic respiratory diseases including asthma and chronic obstructive pulmonary disease, increasing rate of hospital visits and admissions, and rapidly advancing healthcare infrastructure are major factors expected to drive revenue growth of this segment.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America asthma spacers market was the most dominant in terms of largest revenue share in the global market in 2020. Increasing prevalence of chronic respiratory diseases including asthma, COPD, and lung cancer, increasing availability of high-end, technologically advanced inhalers, spacers, and other respiratory devices, rising investments in R&D activities to develop more advanced respiratory devices, and presence of state-of-the-art healthcare infrastructure in the region are major factors prompting the regional market revenue growth.
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Major Companies in the Global Asthma Spacers Market Include:
- Lupin Limited
- Trudell Medical Group Ltd.
- GlaxoSmithKline plc
- Cipla Limited
- Merck & Co.
- Clement Clarke International Ltd.
- PARI GmbH
- AstraZeneca
- Fisons plc
- Allergan plc
For the purpose of this report, Emergen Research has segmented the global asthma spacers market based on type, distribution channel, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
- Inspirease
- Optichamber
- Aerochamber
- Volumatic
Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
- E-commerce Channels
- Retail Pharmacies
- Hospital Pharmacies
- Others
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Homecare Settings
- Hospitals & Clinics
- Others
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Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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