Inhaler Market Size, Share and Forecast to 2023Posted by Rishabh on December 27th, 2019 Global inhaler market is anticipated to grow at a CAGR of 2.7% during the forecast period. Rising level of air pollution is one of the major factors responsible for the increasing prevalence of lungs and cardiovascular diseases, which includes asthma and COPD. Urbanization is another prime contributor to asthma as it significantly increases the outdoor air pollution. According to World Health Organization (WHO), around nine out of every 10 people breathe polluted air, owing to which, nearly seven million mortalities occurs every year across the globe. This reflects the demand for inhalers for the treatment of asthma and COPD. Request a free sample of our report on Inhaler Market: https://www.omrglobal.com/request-sample/inhaler-market Moreover, increasing population base of smokers substantially increases the COPD patients, which in turn, spur the demand for inhalers in the global market. According to Institute of Health Metrics and Evaluation (IHME), in 2016, around 17 million fatalities occurred due to smoking in China. The rapidly growing attraction of youth towards smoking across the globe, which as a result motivating the market for inhalers in order to provide breathing solutions to the hugely affected population. A full report of Global Inhaler Market is available at: https://www.omrglobal.com/industry-reports/inhaler-market Significant prevalence of COPD has been recorded across the globe that is augmenting the demand for inhalers for its treatment. According to WHO, there were 251 million COPD cases were reported across the globe in 2016. Moreover, around 3.17 million mortalities were caused due to COPD in 2015, which is 5% of all the mortalities across the globe in 2016. The major cause of COPD is tobacco smoke and other factors such as occupational dusts and fumes as well as exposure to indoor or outdoor air pollution. Some COPD cases occurs due to long-term asthma. It is expected to increase in future due to significant aging population and smoking prevalence across several countries. Over 90% of the mortalities occur in emerging economies. Moreover, according to WHO, 56.9 million mortalities were reported globally in 2016, of which more than half, that is 54% were occurred due to the top ten causes, including COPD, lower respiratory infections, and others. Moreover, the increasing focus on the development of miniature and compact inhalers due to increasing penetration towards handy medical devices is providing a growth opportunity to the inhaler market. Healthcare providers have further started the development of smart inhalers, which supports Bluetooth technology, and works according to the health status of the patient. This, in turn, is anticipated to propel the global inhaler market in the near future. Some of the novel technologies introduced in the inhaler market is smart inhalers. Current Market Trends Covered in the Global Inhaler Market Report
Global Inhaler Market Segmentation By Device
By Type
By Applications
By End-User
Global Inhaler Market – Segment by Region North America
Europe
Asia-Pacific
Rest of the World
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