Global Asthma Spacers Market 2019-2023
About this market
Increase in online retailing to drive market growth. The trend of online shopping has significantly increased with the ease of shopping that is from the comfort of one’s home. Both domestic and international vendors sell their products online such as eBay and Amazon, which help in the promotion and enhancement of their brands. Technavio’s analysts have predicted that the asthma spacers market will register a CAGR of more than 4% by 2023.
Increase in geriatric population
With the rise in aging population in countries such as Japan, the UK, the US, and Germany, the incidences of age related diseases such as respiratory diseases is also increasing. This drives growth in the asthma spacers market.
Growing threat from counterfeit products
Manufacturing low cost products has increased the possibility of counterfeit products entering the market. The use of low-grade material for the production of these products can hamper the image of the brand and affect the market.
For the detailed list of factors that will drive and challenge the growth of the asthma spacers market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Techman-Head Group and Brackett Aircraft Company the competitive environment is quite intense. Factors such as the increase in geriatric population and the increase in online retailing, will provide considerable growth opportunities to asthma spacers manufactures. Brackett Aircraft Company, Techman-Head Group, HYDRO SYSTEMS, and K&M Airporttecknik are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Asthma Spacers Market 2019-2023
Technavio recognizes the following companies as the key players in the global asthma spacers market: Allergan, Cipla, Koninklijke Philips, LUPIN, and Medical Developments International.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increase in online retailing.”
According to the report, one of the major drivers for this market is the increase in geriatric population.
Medical Developments International
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