Global Respiratory Inhalers Market to See 6.1% CAGR by 2023, States MRFR in Its Comprehensive Research Report Now Available at MarketPublishers.com05 Jul 2017 • by Natalie Aster
LONDON – By 2023, the global respiratory inhalers market is set to reach the USD 33.6 billion mark, registering a 6.1% CAGR.
On a global scale, the total marketplace is reigned by manually operated inhalers that accounted for almost 90% of the market in 2016. This is attributed to their rising adoption, poor awareness of existing products amid consumers and weak availability of digital and/or smart inhaler devices. Still, in the foreseeable future, the digital & smart inhalers segment is expected to gain traction at a quick pace globally.
Application-wise, chronic obstructive pulmonary diseases (COPDs) therapeutics will be the swiftest growing application of respiratory inhalers in the short run. This application segment is expected to register a 6.5% CAGR during 2017-2023, driven by the surging incidence of COPD and strong necessity to secure people with a concrete treatment method.
Regionally, the marketplace is led by North America, accounting for 35.1% of the global market. This regional market was evaluated at USD 7.2 billion in 2016. The European respiratory inhalers market ranks the second in the world with a share of 33.3%. Meanwhile, the APAC respiratory inhalers market is anticipated to see the highest growth rates through 2023.
All-around research report by Market Research Future (MRFR), titled “Global Respiratory Inhalers Market – Estimation & Forecast, 2014-2023”, is a great source of information on the current situation in the world’s market for respiratory inhalers. The publication offers detailed insights into the market dynamics, highlights the major factors limiting and driving the market growth. Moreover, the report covers the historical background and future outlook of the respiratory inhalers market, explores the market performance across different geographies, comprises a detailed market segmentation analysis and discusses the prevailing trends. Moreover, the report offers strategic profiling of the key players in the market, provides a SWOT analysis of the market and examines the competitive environment.
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