Segments - Oral Inhalation Devices Market by Device Type (Nebulizer, Metered Dose Inhaler, Dry Powder Inhaler, and Others [soft mist inhalers and smart inhalers]), By Application (Asthma, Chronic Obstructive Pulmonary Disease (COPD), and Others [cystic fibrosis and idiopathic pulmonary fibrosis]), by Distribution Channel (Retail Pharmacy, Hospital Pharmacy, and Online Pharmacy), and by Region (North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021-2030
The Global Oral Inhalation Devices Market was estimated at USD 43,743.3 Million in 2021 and is anticipated to reach USD 77,666.6 Million by 2030, expanding at a CAGR of 6.5% during the forecast period.
An inhaler is a device used to administer medication to the lungs and airways. It is primarily used to treat or prevent illnesses related to the airways such as cystic fibrosis, chronic obstructive pulmonary disease (COPD), and asthma. When inhaled, the medicine quickly reaches the airways and chances of absorption of the medicine into the bloodstream is substantially reduced. Pulmonary delivery is an acceptable route for systemic administration, as the medication is quickly absorbed through the large surface area of the alveolar region, the rich vasculature, and the thin air-blood barrier along, while avoiding first-pass metabolism.
An emerging economy refers to a country that is in the process of developing its economy to become advanced. Emerging economies such as Brazil, Russia, India, China (BRIC), and other countries in Latin America and Southeast Asia are key markets for the pharmaceutical industry. The increasing availability of medical infrastructure and rising government spending on healthcare infrastructure developments across major economies are key factors contributing to their GDPs. Thus, rising GDPs of emerging economies play a crucial role in the expansion of the market.
Increasing investments from key market players in research and development (R&D) activities and a rising focus on product innovations are expected to trigger the demand for the oral inhalation devices market in the coming years. Key market players focus on technological advancements to meet the demand from several industries, such as the healthcare industry. Companies are engaging in R&D to develop technologically advanced products to gain a competitive edge.
Increasing collaboration between various healthcare organizations and rising government initiatives to overcome chronic respiratory diseases are the major factors driving the global market for oral inhalation devices. In 2021, Global Initiative for Asthma (GINA) took various initiatives to enhance the diagnosis and management of asthma among patients. The aim of GINA is to improve the diagnosis, management, and prevention of asthma by providing an up-to-date strategy, tools, and practical resources for clinicians globally.
Manufacturers are developing several innovative oral inhalation devices for the treatment of chronic respiratory diseases. Oral inhalation devices are widely considered the preferred therapy equipment, which are extensively recommended by doctors and medical professionals. The introduction of advanced oral inhalation devices helps to improve lung functioning and breathing by alleviating the symptoms of chronic respiratory diseases such as bronchitis, asthma, emphysema, and chronic obstructive pulmonary disease (COPD).
High cost of inhalers is a key restraining factor that is expected to hinder the market during the forecast period. Cost of an inhaler is high, due to the rising preferences for brand-name inhalers over generic inhalers among patients. For instance, the average cost of a brand-name asthma inhaler without insurance is USD 292.91. Thus, the high cost of inhalers, especially in rapidly developing countries such as China, India, and Brazil, is estimated to restrain the market growth.
Rising technological advancements in inhaler/formulation design and in producing better-inhaled products offer lucrative opportunities for market players. Introduction of technologically advanced mesh nebulizers has created many opportunities for the firms such as PARI Pharma and Vectura Group, as Many pharmaceutical companies use mesh nebulizers for drug development.
The report on the global oral inhalation devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Oral Inhalation Devices Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
Base Year |
2021 |
Historic Data |
2015–2020 |
Forecast Period |
2022–2030 |
Segmentation |
By Device Type (Nebulizer, Metered Dose Inhaler, Dry Powder Inhaler, Others [soft mist inhalers and smart inhalers]), By Application (Asthma, Chronic Obstructive Pulmonary Disease (COPD), Others [cystic fibrosis and idiopathic pulmonary fibrosis]), and By Distribution Channel (Retail Pharmacy, Hospital Pharmacy, Online Pharmacy) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered |
Koninklijke Philips N.V.; AptarGroup, Inc.; Chiesi Farmaceutici S.p.A.; OMRON Healthcare, Inc.; and Recipharm AB |
Based on device type, the oral inhalation devices market is segmented into nebulizers, metered dose inhalers (MDI), dry powder inhalers (DPI), and others (soft mist inhalers and smart inhalers). The nebulizers segment is projected to expand at a rapid pace during the forecast period, due to increasing demand for home healthcare devices. Sales of jet nebulizers are expected to increase in the coming years, due to their low cost. Nebulizers are easy to use and do not require any specific technique to be administered.
Based on application, the global oral inhalation devices market is segmented into asthma, chronic obstructive pulmonary disease (COPD), and others (cystic fibrosis and idiopathic pulmonary fibrosis). The asthma segment is projected to expand at a significant CAGR during the forecast period, due to the increasing number of asthma cases on account of the rising air pollution. Increasing focus on advanced inhalers for asthma treatment is a major factor for the growth of the market.
Based on distribution channel, the global oral inhalation devices market is segmented into retail pharmacy, hospital pharmacy, and online pharmacy. The retail pharmacy segment is expected to hold an XX% share of the market during the forecast period. The hospital pharmacy segment is expected to hold a substantial share of the market during the forecast period, due to in-person recommendations and cares from pharmacists. The online pharmacy segment is fast-growing segment, due to the increasing technological innovations in the supply of contactless medicine, which was helpful, especially during the pandemic.
On the basis of region, the global oral inhalation devices market is segmented into North America, Europe, APAC, Latin America, and the Middle East & Africa. The market in North America is projected to expand at a substantial CAGR during the forecast period. North America is expected to maintain its dominance in the global market during the forecast period, due to increasing demand for oral inhalation devices from major sectors such as hospitals, clinics, and laboratories in the region.
The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period. Oral inhalation devices are used to treat patients suffering from asthma and COPD in countries such as China and India, which is expected to aid market growth in the region during the forecast period.
The market in Europe is predicted to expand at a significant rate, due to the increasing number of chronic respiratory diseases among the people in the region.
Latin America and the Middle East & Africa (MEA) are projected to hold a considerable share of the global oral inhalation devices market. Rising use of oral inhalation devices in various respiratory treatments is expected to boost the market in these regions in the coming years.
Additional company profiles can be provided on request
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
Rising prevalence of chronic respiratory diseases (CRDs), increasing healthcare initiatives from international organizations, and the growing introduction of effective oral inhalation devices are the factors driving the growth of the oral inhalation devices market.
According to this Growth Market Reports report, the oral inhalation devices market is likely to register a CAGR of 6.5% during the forecast period 2022-2030, with an anticipated valuation of USD 77,666.6 Million by the end of 2030.
Hospital Pharmacy is the major distribution channel for oral inhalation devices.
Rising GDPs of emerging economies, R&D activities, and improving healthcare infrastructure are expected to act as macroeconomic factors for the market.
Major manufacturers include Koninklijke Philips N.V.; AptarGroup, Inc.; Chiesi Farmaceutici S.p.A.; OMRON Healthcare, Inc.; Recipharm AB; and others.
COVID-19 marks a positive impact on the global oral inhalation devices market. The outbreak of coronavirus disease in 2019 (COVID-19) had a positive impact on the global oral inhalation devices market. The spread of COVID-19 required the adoption of preventive measures for the spread of the disease. These factors drove the demand for oral inhalation devices in hospitals and clinics.
In addition to market size (in USD Million) Company Market Share (in % for the base year 2021), innovation and technological advancement overview, current and future trends, a detailed overview and current potential trends for different categories of inhalation devices, acquisition, and mergers licensing deals, new product launches.
The base year considered for the Global Oral Inhalation Devices Market report is 2021. The complete analysis period is 2020 to 2030, wherein, 2015, and 2020 are the historic years, and the forecast is provided from 2022 to 2030.