Our latest research report entitled Pulmonary Drug Delivery Devices Market (by product type (metered-dose inhaler, dry powder inhaler and nebulizer), application (asthma, COPD, cystic fibrosis and others) and distribution channel (hospital pharmacies, retail pharmacy stores and others)) provides complete and deep insights into the market dynamics and growth of pulmonary drug delivery devices industry.
The latest information on market risks, industry chain structure pulmonary drug delivery devices cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential pulmonary drug delivery devices growth factors. According to report the global pulmonary drug delivery devices market is projected to grow at a CAGR of 6.0% over the forecast period of 2018-2024.
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The pulmonary route is used to treat different respiratory diseases. Pulmonary drug delivery describes various systems, devices, formulations and methods of delivery of drugs to the lung for the treatment of diseases of the respiratory tract. Some of the common drug delivery devices include a metered-dose inhaler, dry powder inhaler, and nebulizer.
Increasing Presence of Large Patient Pool with Respiratory Disorder is Expected to Fuel the Pulmonary Drug Delivery Devices Industry
A large number of populations are affected by respiratory disorders that include COPD, bronchitis, emphysema, interstitial lung diseases, tumors of the lung, pulmonary embolism, asthma, and related disorders. Pulmonary asthma and cystic fibrosis are the most common form of lung disorders found among the global population. Thus increasing the presence of a large patient pool with the respiratory disorder is expected to fuel the pulmonary drug delivery devices industry.
Besides this, increasing technological developments in the form of smart/digital inhalers, an increasing the number of smokers, and the growth of the distribution network will also drive the demand for pulmonary drug devices. However lengthy product approvals and issues pertaining to the stability of the drugs are some of the hiccups hindering the market growth. Introduction of metered-dose inhalers that delivers a specific amount of medication to the lungs, in the form of a short burst of aerosolized medicine can create huge growth opportunities in near future.
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Pulmonary Drug Delivery Devices Market Has Been Dominated By North America
The global pulmonary drug delivery devices market has been dominated by the North America region over the historic period 2016 followed by Europe. An increasing number of patients affected with lungs disorder coupled with developed healthcare infrastructure are the key factors responsible for driving the growth of the pulmonary drug delivery devices market in this region. Also rising geriatric population in the U.S to augment the growth of the market in this region. Asia Pacific region is expected to be the fastest-growing region on account of developing healthcare infrastructure, increased spending on healthcare in developing countries like India, China and other southeast Asian countries.
Pulmonary Drug Delivery Devices Market: Segmentation
The report on the global pulmonary drug delivery devices market covers segments such as product type, application, and distribution channel. On the basis of product type the global pulmonary drug delivery devices market is categorized into the metered-dose inhaler, dry powder inhaler, and nebulizer. On the basis of application the global pulmonary drug delivery devices market is categorized into asthma, COPD, cystic fibrosis and others. On the basis of the distribution channels, the global pulmonary drug delivery devices market is categorized into hospital pharmacies, retail pharmacy stores, and others.
Key Players in the Pulmonary Drug Delivery Devices Market
The report provides profiles of the companies in the global pulmonary drug delivery devices market such as Teva Pharmaceutical Industries Ltd, AstraZeneca Plc, GlaxoSmithKline Plc, Boehringer Ingelheim GmbH, Merck & Co., Inc., Novartis AG, Omron Corporation, Sunovion Pharmaceuticals Inc., GF Health Products, Inc., and 3M Healthcare.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/healthcare-medical-devices/global-pulmonary-drug-delivery-devices-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the pulmonary drug delivery devices.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research– Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.