The rising incidence of respiratory distress and the increasing number of government and healthcare investment are driving up market demand.
Vancouver, BC, Canada, September 23, 2022 / EINPresswire.com/ – The global market for asthma spacers is expected to be valued at $2.38 billion by 2027, according to current analysis by Emergen Research. The asthma spacers market is mainly driven by the high incidence of respiratory distress. For example, according to the American College of Allergy, Asthma, and Immunology in Americans, 8.3% of Americans have asthma, 20.4 million adults and 6.1 million children. Besides, the increased volume of investment by the government and healthcare agencies to reduce respiratory diseases and also to increase public awareness of this product is expected to drive the market growth further during the projected timeline. Moreover, the increasing entry of small players into the market enables low cost products, which are also expected to fuel the growth of the market soon.
However, the high cost of the products is expected to hamper the growth of the asthma meters market in the forecast period.
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The competitive landscape of the report has been formulated by considering all the vital parameters such as company rating, market share, recent developments and developments, gross margins, product portfolio, revenue generation, financial position, market position and expansion plans. The report also discusses in detail recent mergers and acquisitions, joint ventures, collaborations, product launches, branding, agreements, corporate and government deals, and partnerships, among others. The report also highlights recent technological developments and product developments in the Asthma Separator market.
Major players include Lupine Limited and Trudell Medical Group Ltd. and GlaxoSmithKline plc, Cipla Limited, Merck & Co.
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Some highlights of the report
In September 2018, Allergan plc acquired Bonti, Inc. The addition of Bonti is a strategic investment in her company’s growth in the medical aesthetics business and has an opportunity to enhance its best-in-class line of medical beauty products.
During the forecast period, the Aerochamber segment is expected to hold the largest market at a compound annual growth rate of 3.6%. It is easier to use for people who find it difficult to handle the hand-to-mouth method. There are fewer side effects when using the air chamber as less medication is processed into the back of the mouth.
Compared to retail pharmacies and hospitals, the increasing number of internet users and the ability to access online asthma breakers at a lower cost, which is expected to spur the rapid growth of the e-commerce sector.
During the projected timeline, the Clinic and Hospital segment is expected to dominate the market with asthma leading to 439,000 hospital admissions and 1.3 million annual emergency visits.
North America is expected to house the largest market during the forecast period. The factor driving the market growth is the increased incidence of asthma and the increased awareness of the use of asthma spacers in the region.
Emergen Research has segmented the global asthma spacer market on the basis of type, distribution channel, end use, and region:
Forecast type (revenue, billion USD; 2017-2027)
Distribution channel forecast (revenue, billion USD, 2017-2027)
End use forecast (revenue, billion USD; 2017-2027)
Clinics and Hospitals
Regional analysis covers:
North America (US and Canada)
Europe (UK, Italy, Germany, France and rest of the European Union)
Asia Pacific (India, Japan, China, South Korea, Australia and Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina and the rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of the Middle East and Africa)
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The comprehensive report on the global asthma spacer market added by Emergen Research states that the global asthma spacer market is supposed to grow at a steady compound annual growth rate (CAGR) throughout the projected timeline. The report analyzed the major market drivers, restraints, growth opportunities, investment opportunities, threats, and restraints of the Asthma Separators market. The report also gives an accurate forecast estimation on a global and regional level to impart a better understanding of the market scope.
The main questions answered by the report:
What region is expected to dominate the market in the coming years?
What technological developments and recent products are occurring in the market?
What are the Key Strategies Adopted by the Leading Players in the Asthma Ablation Devices Market?
What are the major product types and applications used in the Asthma Separators industry?
What is the outcome of a SWOT analysis and Porter’s Five Forces Analysis?
How is the competitive landscape of the Asthma market?
Who are the major players in the industry?
What is the industry growth rate over the coming years?
What will the Asthma Separators market valuation be in 2027?
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