Asthma Spacers Market Size, Share | Industry Growth 2022, 28

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Asthma Spacers Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Aerochamber, Optichamber, Volumatic, and Inspirease) and Distribution Channel (Retail Pharmacy, Hospital Pharmacy, and E-Commerce)

Publication Month: May 2022 | Report Code: TIPRE00004918 | No. of Pages: 152 | Category: Medical Device | Status: Published

The asthma spacers market is projected to grow from US$ 1,666.48 million in 2022 to US$ 2,266.47 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2022 to 2028.

Asthma spacers are an external device that provides better drug delivery by increasing inhalation and actuation. Spacers helps in administrering right amount of medicine to the lungs when used along with the metered dose inhaler (MDI). The application of asthma spacer helps in reducing the waste of medicine and also restricts the occurrence of dose associated adverse events. Asthma is a chronic respiratory disorder that affects the lungs' airways by variable and recurring symptoms such as chest tightness, shortness of breath, wheezing, and coughing. Most of the time, it is very difficult to distinguish asthma from COPD in elderly patients due to similar clinical features, while reoccurrence of asthma is a major problem in younger patients. Genetic factors strongly influence the development of the disease.

The asthma spacers market growth is attributed to the increasing prevalence of chronic respiratory conditions, growing awareness about the benefist of Spacers, and rising investments by public and private organizations in R&D activities for product innovation. However, rising costs of these devices and a lack of awareness among people about the product are restraining the market growth.

Strategic Insights

Report Coverage - Asthma Spacers Market
Report CoverageDetails
Market Size Value inUS$ 1,666.48 Million in 2022
Market Size Value byUS$ 2,266.47 Million by 2028
Growth rateCAGR of 5.3% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
No. of Pages152
No. of Tables57
No. of Charts & Figures74
Historical data availableYes
Segments coveredProduct, and Distribution Channel
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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The asthma spacers market is segmented into product, distribution channel, and geography. Based on geography, the asthma spacers market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The asthma spacers market report offers insights and in-depth analysis of the market, emphasizing parameters such as market size, trends, technological advancements, and market dynamics. The report aslo involves the the analysis of the competitive landscape of the globally leading market players of the asthma spacers market. Furthermore, the report includes the impact of the COVID-19 pandemic on the asthma spacers market across all the regions.

Lucrative Regions in Asthma Spacers Market

Lucrative Regions in Asthma Spacers Market

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Market Insights
Rise in Demand due to Increasing Uptake of Metered Dose Inhalers

The increasing prevalence of respiratory conditions, such as asthma and COPD, creates lucrative opportunities to adopt metered-dose inhalers. For instance, according to a study published by a group of researchers at the Department of Pulmonary and Critical Care Medicine, Mayo Clinic, in 2020, the number of asthma cases is expected to reach nearly 52.0% in the next 20 years in the US. Furthermore, according to the same study, the spending for the treatment of asthma in the US is expected to reach US$ 963 billion by 2038, which will drive the growth of the uptake of metered-dose inhalers, eventually accelerating the adoption of inhalers and spacers during the forecast period. Along with this, the cases of asthma in Europe are also increasing constantly. Further, more than 30 million children and adults under 45 years of age are currently livingwith asthma in Europe, as per the European Lung White Book data. Among all the European countries, the UK, Spain, and Ireland have some of the highest asthma rates.  

Further, government authorities and healthcare institutions are implementing various programs to increase asthma awareness to prevent morbidity due to the disease. The National Asthma Control Program (NACP), launched by the Centers for Disease Control and Prevention, is working continually to increase awareness regarding asthma and curb the disease. Such programs are boosting the adoption of inhalers, which are, in turn, driving the market.

Spacers play a major role while delivering drugs to the respiratory tract. However, patients face difficulties while using the spacer in some cases due to its size and design. For instance, according to a study conducted by Trudell Medical, one of the significant players in the market in 2019, the majority of the patients feel embarrassed to use spacers because of their size and design. To cope with this problem, market players in the industry are now focusing on the design aspects, which will be easy to carry and offer efficient treatment for respiratory conditions. Therefore, new designs and enhanced features are reshaping the US asthma spacers market.

Product -Based Insights

Based on product, the asthma spacers market is segmented into aerochamber, optichamber, volumatic, and inspirease.  In 2022, the aerochamber is expected to hold the largest market share and is expected to witness the highest CAGR from 2022 to 2028.

Asthma Spacers Market, by Product – 2022 and 2028

Asthma Spacers Market, by Product – 2022 and 2028

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Distribution Channel-Based Insights

Based on distribution channel, the asthma spacers market is segmented into retail pharmacy, hospital pharmacy, and E-commerce. In 2021, the retail pharmacy segment held the largest share of the market and is expected to witness the highest CAGR from 2022 to 2028.

Product launches and approvals are commonly adopted strategies by companies to expand their global footprints and product portfolios. Moreover, the asthma spacers market players focus on the partnership strategy to enlarge their clientele, which, in turn, permits them to maintain their brand name globally. The market is anticipated to flourish in the coming years due to the development of innovative products by market players.

Company Profiles:

Cipla Inc., PARI GmbH, Koninklijke Philips N.V., Lupin, HAAG-STREIT GROUP, Laboratoire ProtecSom, Monaghan Medical Corporation, Koo Medical Equipment, Agaplastic, Metall Zug, and Teleflex Incorporated are among the leading companies operating in the global asthma spacers market.

Frequently Asked Questions

Asthma spacers, also called valve holding chambers, are attached with the MDIs to provide better and more effective drug delivery. Rising investments by public and private organizations in R&D activities for product innovation are expected to further drive the global asthma spacers market revenue growth over the forecast period.
The factors that are driving the growth of market are the increasing prevalence of chronic respiratory conditions and growing awareness regarding benefits of spacers. On the other hand, increased risk of adverse effects due to unlicensed prescriptions is likely to hinder the growth of the market during the forecast period.
The asthma spacers market majorly consists of the players such as Cipla Inc., PARI GmbH, Koninklijke Philips N.V., Lupin, Laboratoire ProtecSom, Monaghan Medical Corporation, Koo Medical Equipment, Agaplastic, Teleflex Incorporated, Metall Zug, GlaxoSmithKline, Boehringer Ingelheim, among others.
The asthma spacers market is analyzed in the basis of product and distribution channel. Based on product, is segmented into aerochamber, optichamber, volumatic, inspirease. The aerochamber segment held the largest share of the asthma spacers market size, and it is anticipated to register the highest CAGR. Based on distribution channel, the market is segmented into retail pharmacy, hospital pharmacy and ecommerce. The retail pharmacy segment held the largest share of the market moreover, ecommerce is estimated to register the highest CAGR.

The List of Companies - Asthma Spacers Market

  1. Cipla Inc.
  2. PARI GmbH
  3. Koninklijke Philips N.V.
  4. Lupin
  5. Laboratoire ProtecSom
  6. Monaghan Medical Corporation
  7. Koo Medical Equipment
  8. Agaplastic
  9. Teleflex Incorporated
  10. Metall Zug
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global asthma spacers market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global asthma spacers market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
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