USD 1.91 billion
Asthma Spacers Market Size, Share, Growth Analysis, By Type(Volumatic/Aerochamber, OptiChamber and Other Types.), By Application(Preventive Use, Rescue Use, and Combined Use.), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35B2190 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
62
|Figures:
75
Asthma Spacers Market Insights
Asthma Spacers Market size was valued at USD 1.97 billion in 2022 and is poised to grow from USD 2.03 billion in 2023 to USD 2.61 billion by 2031, growing at a CAGR of 3.2% in the forecast period (2024-2031).
The global asthma spacers market is experiencing growth in the coming years. Asthma spacers provide a convenient and efficient way to deliver medication directly to the lungs, leading to improved symptom control and better quality of life for patients. Healthcare providers are recognizing the value of using spacers to enhance the delivery of inhaled medications and are recommending their use to patients. Patients, on the other hand, are becoming more proactive in managing their condition and are seeking tools that can improve treatment outcomes. The market for asthma spacers is also driven by technological advancements. Manufacturers are developing innovative designs with features like collapsible spacers, anti-static properties, and built-in inhaler adapters, making them more user-friendly and portable. Additionally, the integration of digital technologies and smart inhaler capabilities into asthma spacers is expected to revolutionise asthma management by enabling real-time monitoring of medication usage and providing personalised insights to patients and healthcare providers.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Volumatic/Aerochamber
Fastest Growth
Growth Rate
3.2% CAGR
Global Asthma Spacers Market ($ Bn)
Country Share for North America Region (%)
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Asthma Spacers Market Segmental Analysis
The Global asthma spacers market is segmented based on type, application, and region. Based on type, the market can be segmented into Volumatic/Aerochamber, OptiChamber, and Other Types. Based on application, the market is segmented into Preventive Use, Rescue Use and Combined Use. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
Among the mentioned types, the Volumatic/Aerochamber segment is considered one of the most dominant types of asthma spacers in the global market. Volumatic/Aerochamber spacers have gained significant popularity and widespread acceptance due to their effectiveness in delivering inhaled medications, ease of use, and availability in various sizes and models to cater to different patient needs. They are well-established in the market and have been extensively used for managing asthma symptoms.
In terms of the fastest-growing type, it is challenging to provide a definitive answer without recent market data. However, OptiChamber spacers have been recognized as an innovative and advanced option in the asthma spacer market. OptiChamber spacers are designed with features such as anti-static properties, compact size, and enhanced drug delivery efficiency, making them appealing to healthcare professionals and patients alike. These factors may contribute to their potential as a fast-growing type within the market.
Analysis by Application
Preventive Use holds a significant share in the asthma spacers market and is widely adopted for the long-term management and prevention of asthma symptoms. Asthma spacers used for preventive purposes help deliver medication effectively and efficiently into the lungs, reducing the risk of asthma attacks and providing better control of the condition. The emphasis on preventive measures in asthma management has contributed to the dominance of the Preventive Use application in the market.
On the other hand, the Combined Use of asthma spacers is experiencing rapid growth. Combined Use refers to the utilisation of spacers for both preventive and rescue purposes. In certain cases, individuals with asthma may require different medications for ongoing prevention and immediate relief during an asthma attack. Using asthma spacers for combined purposes allows for the convenient delivery of both preventive and rescue medications, providing a comprehensive approach to asthma management. The versatility and convenience offered by combined use spacers have fueled their fast-paced growth in the market.
Global Asthma Spacers Market By Type
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Asthma Spacers Market Regional Insights
North America holds a significant share in the asthma spacers market due to several factors. The region has well-established healthcare infrastructure, a high prevalence of respiratory disorders, and a strong focus on patient education and awareness. Moreover, the presence of key market players and extensive research and development activities contribute to the dominance of North America in the global market for asthma spacers. The region's emphasis on advanced healthcare technologies and favourable reimbursement policies further support market growth.
On the other hand, the Asia Pacific region is experiencing rapid growth in the asthma spacers market. The increasing prevalence of asthma and other respiratory conditions, coupled with a rising population and urbanisation, are driving the demand for asthma spacers in this region. Additionally, improving healthcare infrastructure, growing awareness about asthma management, and rising disposable incomes in countries like China and India are contributing to the market's growth in the Asia Pacific region. The implementation of government initiatives to improve respiratory healthcare and the entry of global market players into emerging markets further propel the market's expansion in this region.
Global Asthma Spacers By Geography
- Largest
- Fastest
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Asthma Spacers Market Dynamics
Drivers
Advantages of Asthma Spacers
- Asthma spacers provide several advantages compared to conventional inhalers. They address coordination challenges, particularly in children and elderly patients, by providing a reservoir for medication storage before inhalation. This feature helps overcome difficulties in coordinating inhalation with actuation. Additionally, spacers eliminate the need for precise timing during inhalation, leading to more efficient delivery of medication to the lungs. These benefits contribute to increased adoption of spacers, thereby driving market growth.
Restraints
Product Design and Availability
- The design and availability of asthma spacers can impact market growth. The market offers a wide range of spacer options, including different sizes, materials, and features. While this variety provides choices, it can also create confusion for patients and healthcare providers when selecting the most suitable spacer for individual needs. Furthermore, the lack of standardised guidelines for spacer selection and limited access to appropriate spacers may hinder market growth potential. Streamlining product design and ensuring sufficient availability of standardised spacers can help alleviate these challenges and foster market expansion.
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Asthma Spacers Market Competitive Landscape
The global asthma spacers market is characterised by intense competition and a diverse range of players.Companies operating in the asthma spacers market range from large multinational corporations to smaller regional players. The market is driven by factors such as the increasing prevalence of asthma and respiratory disorders worldwide, the growing awareness about effective medication delivery, and advancements in spacer design and technology.They constantly strive to improve the functionality, usability, and portability of asthma spacers. Manufacturers invest in research and development activities to introduce new materials, designs, and features that enhance the user experience and improve medication delivery. Customization options and compatibility with a wide range of inhaler devices are also important considerations for market players.
Top Player’s Company Profiles
- GlaxoSmithKline plc (United Kingdom)
- AstraZeneca plc (United Kingdom)
- Teva Pharmaceutical Industries Ltd. (Israel)
- Merck & Co., Inc. (United States)
- Novartis International AG (Switzerland)
- Cipla Ltd. (India)
- Boehringer Ingelheim GmbH (Germany)
- Sanofi S.A. (France)
- F. Hoffmann-La Roche Ltd (Switzerland)
- Pfizer Inc. (United States)
- Mylan N.V. (United States)
- Mundipharma International Limited (United Kingdom)
- Vectura Group plc (United Kingdom)
- Lupin Limited (India)
- Sandoz International GmbH (Germany)
- Glenmark Pharmaceuticals Ltd. (India)
- Hikma Pharmaceuticals PLC (United Kingdom)
- Chiesi Farmaceutici S.p.A. (Italy)
- Sunovion Pharmaceuticals Inc. (United States)
- 3M Company (United States)
Recent Developments
- In May 2023, Koninklijke Philips N.V. announced that it has launched its new asthma spacer, the Inhalator Care System. The Inhalator Care System is a smart spacer that tracks the use of inhalers and provides feedback to patients and healthcare providers.
- In April 2023, GlaxoSmithKline Plc announced that it has launched its new asthma spacer, the Breo AeroChamber Plus. The Breo AeroChamber Plus is a spacer that is designed to improve the delivery of Breo Ellipta, a dry powder inhaler.
- In March 2023, Cipla Inc. announced that it has launched its new asthma spacer, the Cipla AeroChamber. The Cipla AeroChamber is a spacer that is designed to be affordable and easy to use.
- In February 2023, Trudell Medical International announced that it has launched its new asthma spacer, the OptiChamber Diamond. The OptiChamber Diamond is a spacer that is designed to be more comfortable to use than traditional spacers.
- In January 2023, CONMED Corporation announced that it has launched its new asthma spacer, the AeroChamber Plus MAX. The AeroChamber Plus MAX is a spacer that is designed to deliver high doses of medication to the lungs.
Asthma Spacers Key Market Trends
- Adoption of Portable and User-friendly Spacer Devices: Traditionally, spacers were large and bulky, limiting their portability and ease of use. However, advancements in spacer design and materials have led to the development of compact and lightweight spacers that can be easily carried and used by patients of all ages. Portable spacers offer convenience, allowing patients to effectively manage their asthma symptoms on-the-go, whether at home, work, or while travelling. Additionally, user-friendly features such as clear instructions, simple assembly, and easy cleaning have made these devices more accessible and appealing to patients. The growing demand for portable and user-friendly asthma spacers reflects the importance of convenient and effective medication delivery in managing asthma and improving patient outcomes.
Asthma Spacers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the global asthma spacers market analysis, there is a rising demand for these devices in the management of asthma and other respiratory conditions. Asthma spacers are inhaler accessories that assist in the effective delivery of medication to the lungs, improving treatment outcomes and patient compliance. The market growth is primarily driven by the increasing prevalence of asthma worldwide and the growing awareness about the importance of proper inhalation technique. Regionally, North America holds a significant market share in the asthma spacers market due to the high prevalence of asthma, advanced healthcare infrastructure, and favourable reimbursement policies. Europe is also a prominent region, driven by a large population affected by respiratory diseases and the presence of key market players. Additionally, the Asia Pacific region is witnessing growth in the asthma spacers market, supported by factors such as increasing awareness, improving healthcare infrastructure, and rising disposable income. The market is characterised by a variety of asthma spacer types, including chamber spacers, tube spacers, and pocket spacers, catering to different patient needs and preferences. Furthermore, technological advancements, such as the integration of anti-static properties and breath-actuated valves, enhance the effectiveness and ease of use of asthma spacers.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.97 billion |
| Market size value in 2031 | USD 2.61 billion |
| Growth Rate | 3.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Asthma Spacers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Asthma Spacers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Asthma Spacers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Asthma Spacers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Asthma Spacers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Asthma Spacers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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