Below are some of the key findings from the asthma spacers market research report
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Global asthma spacers industry overview
The key driver for the global asthma spacers market is the growing demand for respiratory care. Allergy, pollution, and smoking can result in several respiratory diseases such as obstructive airway diseases like asthma, COPD, and cystic fibrosis. Though COPD is not curable, medical and physical treatments are available to relieve symptoms. The aerosol therapy helps in relieving symptoms by enabling drug delivery directly into the lower airways for either topical or systemic effect. Healthcare practitioners and pharmacists recommend asthma spacers to patients taking Inhaler therapy for uncontrolled asthma and COPD, as these devices improve hand-breath coordination while reducing the side effects of inhaled medication.
The increase in online retailing is identified as one of the key trends in the global asthma spacers market. Owing to the ease of shopping offered by online shopping, this trend has significantly increased. Besides, the prices offered by online stores are usually lower when compared with retail stores because of low overhead costs. Both domestic and international vendors sell their products on online portals such as eBay and Amazon. This helps in the promotion and enhancement of their brands. The factors such as the rising Internet penetration and increase in adoption of digital products such as tablets, smartphones, and laptops support online sales. Online retailing also helps in reaching a large customer base. During the forecast period, with the increasing use of asthma spacers, the rise in online retail of these products will facilitate the growth of the global asthma spacers market. The increase in online retailing coupled with the growing demand for respiratory care will drive the global asthma spacers market to grow at a CAGR of over 4% during the forecast period.
Top asthma spacers companies covered in this market research report
The asthma spacers market is moderately fragmented with companies focusing on engaging in strategic alliances for offering product differentiation and expanding their geographic presence. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this asthma spacers industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
- ALLERGAN
- Cipla
- Koninklijke Philips
- LUPIN
- Medical Developments International
Asthma spacers market segmentation based on geographic regions
- Americas
- APAC
- EMEA
With a complete study of the growth opportunities for the companies, the Americas will account for the highest growth of this market throughout the forecast period. Owing to the advanced healthcare facilities, rising healthcare spending, and the presence of various government-driven programs including Medicare and Medicaid, the region is likely to dominate the asthma spacers market
Asthma spacers market segmentation based on distribution channel
- Hospital and retail pharmacies
- Online stores
The hospital and retail pharmacies segment will account for the highest growth in the market. Owing to the factors including the introduction of premium medicines coupled with the emergence of professionalized pharmacy chains, the demand for asthma spacers is likely to surge over the next few years. Additionally, the report also provides an accurate prediction of the contribution of the various distribution channel segments to the growth of the asthma spacers market size.
Key highlights of the global asthma spacers market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the asthma spacers market during the next five years
- Precise estimation of the global asthma spacers market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the asthma spacers industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of asthma spacers companies
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