Respiratory Inhalers Market Report 2023-2033

World revenue for Respiratory Inhalers Market, 2023 to 2033 in terms of value the market will surpass US$45.0 billion in 2023. Strong revenue growth is forecast through to 2033. 

This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.

Growing R&D Expenditure by Pharmaceutical and Biotechnology Companies Driving Market Growth

As the demand for greater precision in drug delivery grows, respiratory inhaler devices, particularly among asthmatics and those suffering from chronic obstructive pulmonary disease, are becoming more popular. Because they have a decreased degree of immunity to chronic and pulmonary diseases, an increasing percentage of senior people utilise inhalers. Respiratory inhalers include complementary spacers or holding chambers to reduce the number of debris deposited in the mouth and throat. The market for respiratory products is expected to grow even more in light of the proposed shift to home healthcare.

One of the major digital platforms on which pharma and digital companies collaborate for the management of respiratory diseases is the smart inhaler market. In recent years, government organizations have been concerned about the rising death rates associated with respiratory diseases such as asthma and COPD. Government and regulatory agencies have implemented new guidelines in recent years that will significantly impact the market growth of smart inhalers. Increasing numbers of organizations are integrating digital technologies into their devices in an effort to improve medication management efficiency. The HeroTracker Sense application was launched by Aptar Pharma in April 2023, for example. Pressurized metered dose inhaler (pMDI) can now be converted into a smart connected health device through the use of this new digital respiratory health solution.

High Cost of Inhalers Likely to Challenge Market Growth

Despite the increased prevalence of asthma worldwide, including in emerging markets such as Asia and developed areas such as North America, several barriers to the acceptance of these therapies exist. Inhalers are frequently regarded as the primary treatment for asthma, which is one of the major issues limiting market growth. According to the NCBI study, the CDC will spend approximately 49 billion in 2020, with Medicare covering only 51% of the COPD cost burden. As a result, the price of Advair, a critical asthma medication, has risen to US$648.8 in 2023, up from US$496.0 in 2013.

In addition to the high cost of drugs, underdiagnosis of asthma has been a key issue restricting market expansion. Asthma underdiagnosis leads to lower clinical outcomes for people who are unable to take the right asthma medicines to treat their medical condition. A lack of awareness and perception of asthma in the community, poor access to health care, strained health systems, the absence of diagnostic tests, including spirometry, a lack of training among health care providers, and a lack of non-implementation of asthma guidelines are all factors that contribute to underdiagnosis of asthma.

What Questions Should You Ask before Buying a Market Research Report?

• How is the respiratory inhalers market evolving?
• What is driving and restraining the respiratory inhalers market?
• How will each respiratory inhalers submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2033?
• How will the market shares for each respiratory inhalers submarket develop from 2023 to 2033?
• What will be the main driver for the overall market from 2023 to 2033?
• Will leading respiratory inhalers markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
• How will the market shares of the national markets change by 2033 and which geographical region will lead the market in 2033?
• Who are the leading players and what are their prospects over the forecast period?
• What are the respiratory inhalers projects for these leading companies?
• How will the industry evolve during the period between 2023 and 2033? What are the implications of respiratory inhalers projects taking place now and over the next 10 years?
• Is there a greater need for product commercialisation to further scale the respiratory inhalers market?
• Where is the respiratory inhalers market heading and how can you ensure you are at the forefront of the market?
• What are the best investment options for new product and service lines?
• What are the key prospects for moving companies into a new growth path and C-suite?

You need to discover how this will impact the respiratory inhalers market today, and over the next 10 years:

• The 354-page report provides 126 tables and 184 charts/graphs exclusively to you.
• The report highlights key lucrative areas in the industry so you can target them - NOW.
• It contains in-depth analysis of global, regional and national sales and growth.
• It highlights for you the key successful trends, changes and revenue projections made by your competitors.

This report tells you how the respiratory inhalers market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.

Forecasts to 2033 and other analyses reveal commercial prospects

• In addition to revenue forecasting to 2033, the new study provides you with recent results, growth rates, and market shares.
• You will find original analyses, with business outlooks and developments.
• Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising respiratory inhalers prices and recent developments.

This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, “V”, “L”, “W” and “U” are discussed in this report.

Segments Covered in the Report

Product Outlook

• Standard Pressurized Metered-Dose Inhalers
• Pressurized Metered-dose Inhalers (pMDI)
• Metered-Dose Inhaler with a Spacer
• Dry Powder Inhalers
• Soft Mist Inhalers
• Other Inhaler Type

Drug Class

• ICS
• SABA+ICS
• SABA
• LABA
• LAMA
• ULABA
• SABA+SAMA
• LABA+LAMA+ICS
• SAMA
• Other Class

Mode of Operation

• Manually Operated Inhaler Devices
• Digitally Operated Inhaler Devices
• Other Mode Of Operation

Indication

• Asthma
• Chronic Obstructive Pulmonary Disease (COPD)
• Pulmonary Arterial Hypertension (PAH)
• Others Respiratory Disease

In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for five regional and 18 leading national markets:

North America

• U.S.
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Russia
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Argentina
• Rest of Latin America

MEA

• GCC
• South Africa
• Rest of MEA

The report also includes profiles and for some of the leading companies in the Respiratory Inhalers Market, 2023 to 2033, with a focus on this segment of these companies’ operations.

Leading companies and the potential for market growth

• 3M Health Care
• AptarGroup, Inc.
• AstraZeneca
• Boehringer Ingelheim International GmbH
• Cipla Inc.
• GF Health Products, Inc.
• GSK plc
• Koninklijke Philips N.V.
• Medisana GmbH
• Merck & Co., Inc.
• Novartis AG
• OMRON Corporation
• Recipharm AB
• Sunovion Pharmaceuticals Inc.
• Teva Pharmaceutical Industries Ltd.

How will the Respiratory Inhalers Market, 2023 to 2033 report help you?

In summary, this 350+ page report provides you with the following knowledge:

• Revenue forecasts to 2033 for Respiratory Inhalers Market, 2023 to 2033 Market, with forecasts for product type, drug class, mode of operation, and indication, each forecast at a global and regional level - discover the industry’s prospects, finding the most lucrative places for investments and revenues.
• Revenue forecasts to 2033 for five regional and 18 key national markets - See forecasts for the Respiratory Inhalers Market, 2023 to 2033 market in North America, Europe, Asia-Pacific, LA, and MEA. Also forecasted is the market in the US, Canada, Mexico, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
• Prospects for established firms and those seeking to enter the market - including company profiles for 15 of the major companies involved in the Respiratory Inhalers Market, 2023 to 2033.

Find quantitative and qualitative analyses with independent predictions. Receive information that only this report contains, staying informed with invaluable business intelligence.

Information found nowhere else

With this new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how this work could benefit your research, analyses, and decisions. The study is for everybody needing commercial analyses for the Respiratory Inhalers Market, 2023 to 2033, market-leading companies. You will find data, trends and predictions.