Global COPD and Asthma Devices Market - Industry Analysis 2015-2019
About COPD and asthma devices
COPD and asthma devices are used for inhalation therapy. These devices convert drug suspensions or solutions into aerosolized particles, assisting in drug delivery in individuals with breathing problems. These devices deliver an optimum dosage of medication directly to the site of action, preventing inflammation and constriction of the airways and minimizing symptoms. These devices include inhalers and nebulizers, most of which are handheld and portable.
Technavio's analysts forecast the global COPD and asthma devices market to grow at a CAGR of 3.76% over the period 2014-2019.
Covered in this report
The report covers the present scenario and the growth prospects of the global COPD and asthma devices market for 2015-2019. To calculate the market size, the report considers revenue generated from the sales of following COPD and asthma devices:
Technavio Announces the Publication of its Research Report – Global COPD and Asthma Devices Market 2015-2019
Technavio recognizes the following companies as the key players in the Global COPD and Asthma Devices Market: Consort Medical, Gerresheimer, NYPRO, Philips Healthcare and RPC BRAMLAGE
Other Prominent Vendors in the market are: Aerogen, Airon, Allied Healthcare Products, AstraZeneca, Boehringer Ingelheim, Briggs Healthcare, Cardinal Health, Clement Clarke International, DeVilbiss Healthcare, Drive Medical Design and Manufacturing, GlaxoSmithKline, Heyer Medical, Invacare, Omron Healthcare, PARI Medical, Salter Labs, Smart inhaler, Sunovion Pharmaceuticals, Teleflex, and Vortran Medical.
Commenting on the report, an analyst from Technavio’s team said: “Vendors are expanding online marketing and promotional activities to provide better accessibility of their products to customers and increase product sales. This strategy also allows vendors to minimize sales mediators, distribution, and reduce operational costs. Many small, medium, and large vendors sell inhalers and nebulizers and their accessories online, proving to be a convenience for consumers. Some of the vendors also provide discounts and promotional offers online, which has increased the overall online purchase. The products offered online also come with a warranty or guarantee from the manufacturer.”
According to the report, the rising incidence of respiratory diseases such as COPD, asthma, and cystic fibrosis increases the demand for aerosol drug delivery devices. Exposure to allergens, smoking, and infections in the respiratory tract could cause the lungs to fill with mucus, leading to breathing difficulties. Using aerosol-based mechanism allows the drugs to reach the lungs immediately, helping the person breathe. We also expect the growing use of home medical devices to propel market growth. Home healthcare devices are reliable, comfortable, and easy to use.
Further, the report states that stringent government regulations regarding the safety, quality, and efficacy of COPD and asthma devices hinder market growth. The devices have to comply with numerous standards to enter the market. Obtaining approval is both a lengthy and costly process.
Consort Medical, Gerresheimer, NYPRO, Philips Healthcare, RPC BRAMLAGE, Aerogen, Airon, Allied Healthcare Products, AstraZeneca, Boehringer Ingelheim, Briggs Healthcare, Cardinal Health, Clement Clarke International, DeVilbiss Healthcare, Drive Medical Design and Manufacturing, GlaxoSmithKline, Heyer Medical, Invacare, Omron Healthcare, PARI Medical, Salter Labs, Smart inhaler, Sunovion Pharmaceuticals, Teleflex, Vortran Medical.
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