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

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
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 152
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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.

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Asthma Spacers Market: Strategic Insights

asthma-spacers-market
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
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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

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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

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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.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product, and Distribution Channel

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are the asthma spacers?

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.

What are the driving factors for the global asthma spacers market across the world?

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.

Who are the major players in market the asthma spacers market?

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.

Which segment is dominating the asthma spacers market?

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

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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