Categories: Healthcare

Asthma Spacers Global Market to Observe Highest Growth of $2.42 Billion with an Excellent CAGR of 6.4% by 2028 | Smiths Medical Inc., AptarGroup Inc., Cipla Limited, PARI GmbH, Vitalograph

Asthma spacers are medical devices used in conjunction with metered-dose inhalers (MDIs) to enhance the delivery of aerosolized medication to the lungs. The primary purpose of asthma spacers is to improve the efficiency of medication delivery to the lungs. They are often referred to as “holding chambers” and come in various shapes and sizes.

Sizing and Forecast
The asthma spacers market size has grown strongly in recent years. It will grow from $1.77 billion in 2023 to $1.88 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to increasing prevalence of asthma, improved diagnosis and awareness, regulatory approvals and guidelines, healthcare infrastructure development, insurance and reimbursement policies.

The asthma spacers market size is expected to see strong growth in the next few years. It will grow to $2.42 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rising pediatric population, growing geriatric population, focus on preventive healthcare, advancements in telemedicine, emerging markets, patient education and training programs, collaborations and partnerships, personalized medicine. Major trends in the forecast period include adoption of smart inhalers, pediatric asthma management focus, portable device demand, telehealth integration, R&D investment growth, personalized management solutions.

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Segmentation & Regional Insights
The asthma spacers market covered in this report is segmented –
1) By Product: Aerochamber, Optichamber, Volumatic, Inspirease, Other Products
2) By Distribution Channels: E-commerce Channels, Retail Pharmacies, Hospital Pharmacies, Other Distribution Channels
3) By Application: Preventive Use, Rescue Use, Combined Use
4) By End-Use: Homecare Settings, Hospitals And Clinics, Other End-Users

North America was the largest region in the asthma spacers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the asthma spacers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
The rising air pollution is expected to propel the growth of the asthma spacer market going forward. Air pollution refers to harmful substances in the atmosphere that are detrimental to human health, the environment, and the overall quality of life. Air pollution is a significant environmental and public health challenge caused by both natural and human activities. It encompasses many harmful substances that affect human health and ecosystems. Asthma spacers can act as a preventative measure during periods of high air pollution by reducing the number of pollutants that enter the airways when using inhalers, lowering the chance of asthma symptoms worsening owing to airborne irritants. For instance, in March 2024, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, in 2023, global energy-related carbon dioxide (CO2) emissions increased by 1.1%, equivalent to 410 million metric tons (Mt CO2) compared to 321 million metric tons in 2022. It is reaching a record high of over 37.4 metric tons in 2023, compared to 36.8 billion metric tons in 2022. The rising air pollution will drive the growth of the asthma spacer market.

Key Industry Players
Major companies operating in the asthma spacers market are Merck & Co. Inc., AstraZeneca Plc., Novartis AG, GlaxoSmithKline plc, Koninklijke Philips NV, Teva Pharmaceutical Industries Ltd, Mylan NV, Boehringer Ingelheim International GmbH, Smiths Medical Inc, AptarGroup Inc., Cipla Limited, Teleflex Incorporated, Lupin Limited, Mundipharma International Limited, SunMed Holdings LLC, Drive DeVilbiss Healthcare, Trudell Medical International, Bird HealthCare Pty Ltd, Vyaire Medical Inc, Omron Healthcare Inc, PARI GmbH, Vitalograph, Monaghan Medical Corporation, Medical Developments International Ltd, Clement Clarke International Ltd, Instrumentation Industries Inc

The asthma spacers market report table of contents includes:
1. Executive Summary
2. Asthma Spacers Market Report Structure
3. Asthma Spacers Market Trends And Strategies
4. Asthma Spacers Market – Macro Economic Scenario
5. Asthma Spacers Market Size And Growth
…..
27. Asthma Spacers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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