Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 20.37 Billion | USD 27.92 Billion | CAGR at 3.57% | 2023 |
According to the report published by Zion Market Research, the global Dry Powder Inhaler Market size was valued at USD 20.37 Billion in 2023 and is predicted to reach USD 27.92 Billion by the end of 2032. The market is expected to grow with a CAGR of 3.57% during the forecast period. The report analyzes the global Dry Powder Inhaler Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Dry Powder Inhaler Market industry.
Dry powder inhaler is a medical device that is used for the effective delivery of medication to the lungs. The medication comes in the form of dry powder. The patients who suffer from various respiratory diseases make use of the dry powder inhalers as they are portable and are easy to carry.
The market player Inspiro Medical has developed the product Inspiromatic™ which is an advanced version of the dry powder inhalers. The device has an active dry powder fluidization mechanism which works in the low inhalation flow rates.
The global market for the dry powder inhaler is fragmented into its product type, application, and end-user industry.
Based on the product type, the global market is segregated into multi-dose dry powder inhaler and single dose dry powder inhaler.
Based on the application, the market is categorized into COPD, cardiovascular diseases, asthma, diabetes, cystic fibrosis, and others.
Based on the end-user industry, the market is divided into home & personal care and clinics & hospitals.
The patients that suffer from different types of respiratory diseases have a major concern regarding taking of accurate dosage of medicines. The factors that are contributing to the growth of the market are the rise in the number of the cases being registered of respiratory disease and the rise in the aging population increases the demand for the dry powder inhalers. The market players are trying to develop various innovations in the devices that are used for the inhalation purposes thus propelling the growth of the market.
The opportunities for the market are increasing as the manufacturers are trying to use new methods such as computational fluid dynamics for the development of the new generation products. The factors that are limiting the growth of the market are these devices are not resistant to moisture thus if the medicine comes in contact with moisture it loses its properties and the availability of the other competitive products in the market such as electric pumps and nebulizers.
Report Attributes | Report Details |
---|---|
Report Name | Dry Powder Inhaler Market Research Report |
Market Size in 2023 | USD 20.37 Billion |
Market Forecast in 2032 | USD 27.92 Billion |
Growth Rate | CAGR of 3.57% |
Number of Pages | 196 |
Key Companies Covered | Cipla Inc., GlaxoSmithKline Plc., Teicos Pharma Ltd., Presspart Manufacturing Ltd., Beximco Pharma Ltd., Catalent, Inc., Hovione FarmaCiencia SA., AstraZeneca Plc., Bespak Europe Ltd., Luckys Pharma, and SRS Pharmaceuticals Pvt. Ltd. |
Segments Covered | By Product type, By Application, By end-user industry and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The market for the dry powder inhaler is dominated by the North American region. The major factor that contributes to the market growth is the early adoption of the advanced medical technologies in this region. Europe is following the North American region and is expected to grow rapidly in the coming years owing to the presence of the major pharmaceutical companies in this region. There are huge investments made by the market players for the development of the healthcare sector in this region. In Asia Pacific region, the market will grow at a good speed owing to the increasing disposable income and the developing economy in the region. In Asia Pacific region, there is a significant growth in the geriatric population which is increasing the demand for the dry powder inhalers.
The key market players that are involved in the dry powder inhaler market include:
By Product type
By Application
By end-user industry
Dry Powder Inhaler Market: Regional Segment Analysis
What Reports Provides
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed