Global Respiratory Drug Delivery Market | Market Dynamics and Growth Analysis 2016 – 2021

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Respiratory Drug Delivery Market
 

Growth in this market is mainly driven by increasing preference of pulmonary route of drug delivery, increasing technological developments in the form of smart/digital inhalers and rising incidences of respiratory diseases such as COPD, asthma, and cystic fibrosis.

The global respiratory drug delivery market is projected to reach USD 52.37 Billion by 2021 from USD 36.10 Billion in 2016, at a CAGR of 6.5% during the forecast period.

Market Dynamics

+ Drivers

+ Increasing Preference for Pulmonary Drug Delivery as an Alternate Route of Drug Delivery
+ Increasing Focus on the Development of Smart/Digital Inhalers
+ Increasing Incidence of Respiratory Diseases

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The respiratory drug delivery market, based on formulation type, is segmented into suspension aerosol, solution aerosol, and dry powder formulation. The dry powder formulation segment is expected to witness the highest growth during the forecast period due to improved dosage accuracy, minimized dosage variability, and improved flow of drug particles.

Based on applications, the market is segmented into asthma, chronic obstructive pulmonary disease (COPD), cystic fibrosis, and other applications (cardiovascular disease, diabetes, respiratory therapy, and treatment of patients on ventilators). The asthma segment accounts for the major share in the market during the forecast period due to increasing prevalence of asthma across the globe.

Currently, North America dominates the pulmonary drug delivery devices market, and Asia represents the second-largest regional market. Moreover, the Asian market is expected to register the highest CAGR during the forecast period due to the rapidly growing geriatric population, growing adoption of an unhealthy lifestyle, growing urbanization, exposure to smoke & chemicals, and the subsequent increase in the prevalence of COPD in the region.

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veröffentlicht von on Donnerstag, 8. August 2019. gespeichert unter Biotechnologie, Galerie. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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