This market research report by Technavio segments the global COPD and asthma devices market by product type (metered dose inhalers, drug powder inhalers, soft mist inhalers, jet nebulizers, and ultrasonic nebulizers) and by geography (APAC, EMEA, and the Americas). Leading vendors analysed in this market study are Consort Medical, Gerresheimer, NYPRO, Philips Healthcare, and RPC BRAMLAGE.
Technavio has released updated information on the diagnostic devices, with the publication of its new market research report, global COPD and asthma devices market. The chronic obstructive pulmonary disease (COPD) and asthma devices market is expected to grow at a CAGR of around 4% between 2015 and 2019.
The Americas dominate the global market for COPD and medical devices, followed by the EMEA and the APAC regions. Technological advancements and favorable medicare reimbursements in the Americas are responsible for this region’s high market share of approximately 48% during the forecast period.
“High R&D investments by the market vendors have led to product modifications in terms of design and applications. Vendors are offering innovative inhalers and nebulizers that are compact, portable, patient-friendly, and provide accurate results. For instance, ultrasonic nebulizers have gained prominence in recent times as they minimise the residual drug volume present in the nebulizers. Moreover, now-a-days inhalers have sensors to track and record the drug treatment dose of patients. GlaxoSmithKline has recently introduced Arnuity Ellipta and Incruse Ellipta for once-daily treatment of asthma and once-daily treatment for COPD,” says Imran Mushtaq, Lead Analyst, Healthcare, Technavio Research.
Rising incidences of respiratory diseases such as COPD, asthma, and cystic fibrosis has surged the demand for portable drug delivery devices, such as inhalers and nebulizers for their treatment. Geriatric population is increasingly opting for home healthcare devices like portable inhalers and nebulizers in the market. These devices are reliable, convenient and comfortable in application.
The leading vendors in the global COPD and asthma devices market are Consort Medical, Gerresheimer, NYPRO, Philips Healthcare, and RPC BRAMLAGE. This market is in its nascent stage and contains numerous global and regional vendors that offer a variety of nebulizers in the market. As the market is highly competitive, vendors use innovative marketing strategies like online marketing tools to provide customized nebulizers for patients.
A more detailed analysis is available in the Technavio report, Global COPD and Asthma Devices Market – Industry Analysis 2015-2019.
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