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Asthma Devices Market Forecast 2027

Global Asthma Devices Market to Grow at a Steady Pace Over the Forecast Period Asthma is a chronic lung disease that narrows the tubes that help carry air both in and out of the lungs, i.e., the airways. Asthma causes the inside walls of your airways to become swollen and sore, making it hard for the air to pass out of the lungs. As a result of this, there are recurring periods of wheezing, coughing, shortness of breath, and tightness in chest, especially during the night and in the morning. When the symptoms of asthma become worse with time, it is referred to as an asthma attack. During a case of severe asthma attack, the airways get extremely close to one another causing the vital organs of the body to not get enough oxygen. The severity of the disease can be understood by the striking percentage of deaths caused due to asthma over the last few decades. This has led to the emergence of asthma devices or asthma inhalers. These devices deliver medication into the body through the lungs, thereby acting as a treatment for asthma and chronic obstructive pulmonary disease. Recognizing the potential of the devices, Market Research Future (MRFR) conducted an in-depth research of the Global Asthma Devices Market. It projects that the market will expand at an approximate CAGR of 4.3% during the review period between 2017 and 2023. The increasing prevalence of asthma disease is believed to be one of the key drivers of the market. As per the statistics published by the World Health Organization (WHO), a total of 235 million people suffered from asthma in 2017. Thus, showcasing the prevalent nature of this disease. Add to this, the surging healthcare expenditures and growing awareness concerning the disease are slated to fuel the market growth of asthma devices. At the same time, however, long-term treatment procedures coupled with the low per capita income and the lack of favorable policies in developing countries can restrict the growth of the global asthma devices market over the forecast period. Segmentation The Global Asthma Devices Market segmentation is done on the basis of technology, type, and end-users. By technology, the market segments into digitally operated inhaler devices, manually operated inhaler devices, and other devices. By type, the market includes nebulizers, inhalers, and others. The inhalers segment is further divided into dry powder and metered-dose inhalers. The metered-dose inhalers segment is narrowed down into metered-dose inhalers with a spacer, standard pressurized metered-dose inhalers, breath-activated pressurized metered-dose inhalers, and others. The nebulizers segment is segmented further into ultrasonic nebulizers, compressor nebulizers, mesh nebulizers, and others. By end-users, the market comprises of retail pharmacies, hospitals, clinics, and others. Request Free Sample: https://www.marketresearchfuture.com/sample_request/1624 Regional Analysis The geographical segmentation of the asthma devices market includes the following regions: America, Asia-Pacific, Europe, and the Middle East Africa. Americas spearhead the global market for asthma devices due to a well-established healthcare sector and a huge patient population base for asthma diseases. Also, changing consumer lifestyle and increasing healthcare-related expenditure is believed to also fuel the market. And, with the towering presence of global players like Baxter and Merck Co. Inc. as well as others, the region is expected to hold on to its top position during the forecast period. Following Americas, Europe is the second-largest regional market for asthma devices in the world. This is primarily due to the established healthcare infrastructure and the huge population of asthma patients. Add to this, government support for RD and rising expenditures in healthcare are anticipated to fuel the market growth as well. The presence of developed countries like Germany, the UK, and France too contribute to the market’s growth in this region. Asia-Pacific is the fastest-growing regional market as compared others, due to the huge pool of patient population and continuously developing economies like China and India. Favorable measures undertaken by the government like reduced excise and customs duty as well as the various exemptions in service tax are also expected to boost the market growth of asthma devices. Finally, the Middle East Africa regions hold the least market share because of the presence of a poor economy, lack of healthcare infrastructure, and strict and unfavorable government policies. Browse Complete Report: https://www.marketresearchfuture.com/reports/asthma-devices-market-1624 Competitive Landscape The Global Asthma Devices Market comprises a number of key market players, including 3M (U.S.), Aristopharma Ltd. (Bangladesh) Merck Co., Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), AstraZeneca (U.K.), SRS Pharmaceuticals Pvt. Ltd. (India), GlaxoSmithKline PLC (U.K.), Boehringer Ingelheim GmbH (Germany), Baxter (U.S.), and others. Feb 14th, 2019, Biomedical Engineers at the University of California, announced the development of a wearable disposable respiration monitor. The monitor offers high-fidelity readings on a consistent basis. It is designed to aid children with asthma, cystic fibrosis, and others with various chronic pulmonary conditions.