North American Metered Dose Inhaler Market Size, Share, Forecast 2019-2
Posted by OMR Global on February 19th, 2020
North American metered dose inhaler market was .9 billion in 2018 and is anticipated to grow at a substantial rate of 2.2% during the forecast period. The major factors that are contributing significantly in the market growth include rising air pollution, growing geriatric population, and high healthcare expenditure. The US and Canada are the major economies of North America. The rising prevalence of chronic respiratory diseases, increasing geriatric population, and technological advancement are the major factors augmenting the growth of metered dose inhaler market in North America region. The increasing demand for inhaler due to increasing COPD and asthma patients in the US have endorsed the approval of cohesive reimbursement policies in the US, is further fueling the growth of the market. The US is the major market due to greater healthcare expenditure and higher prevalence rate of respiratory diseases.
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The North American metered dose inhaler market is segmented on the basis of type, application, and end-user. Based on the type, preventive, reliever, and long acting bronchodilators inhaler are analyzed. Preventive metered dose inhaler segment led the global metered dose inhaler market in 2018. The preventive inhalers are most widely used in the treatment of asthma in children and adults. These inhalers do not entail side effects for long-term use, and exceptionally decreases the possibility of an asthma exacerbation. The preventive inhalers further reduce the airways swelling and hence, are recommended for regular use by the physician. Some of the preventive inhalers available in market include Budesonide and Fluticasone. Moreover, on the basis of application, the market has been classified into asthma and COPD diseases. In addition, based on the end-user, homecare and hospitals and clinics have been analyzed.
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North American Metered Dose Inhaler Market Segmentation
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