Global Metered Dose Inhalers Market, Size, Trends & Growth Opportunity, By Product Type (Manually Actuated Pressurised Inhaler, Breath Actuated Pressurised inhaler), By Application (Chronic Obstructive Pulmonary disease, Asthma, Chronic Bronchitis, Emphysema), Distribution Channel (Retail Pharmacies, Hospital Pharmacies, E-Commerce), By Region & forecast till 2027.
Global Metered Dose Inhalers Market
The Global Metered Dose Inhalers Market was valued at US$ 24,210 Million in 2021 and would rocket up to US$ 35,120 Million by 2027 at a CARG 3.2% from 2022-2027.
Metered Dose Inhalers (MDI) is a pressurized inhaler which delivers medication by using a propellent spray. It is broadly useful for people with respiratory disorders like Chronic Obstructive Pulmonary disease, Asthma, Chronic Bronchitis, Emphysema. Metered Dose Inhalers (MDI) is a system of Aerosol Delivery. The crucial advantage of aerosol drug delivery is quick onset of therapeutic action as the drug is delivered to the target site of action. These Inhalers delivers fixed quantity of drug to the lungs in the form of aerosolized drug to provide to impart quick pharmacological action.
Market Drivers
Rise in incidence of respiratory disease such as asthma, chronic obstructive pulmonary diseases, chronic respiratory diseases, and other respiratory disease are driving the market of Metered Dose Inhalers. Additionally, there is an increased awareness of efficacious and developed respiratory instruments compared to conventional treatments boost the market of Metered Dose Inhalers. The technological improvement by respiratory device manufacturers have augment the growth of Metered Dose Inhalers Market.
Metered Dose Inhaler are convenient to use and have several benefits such as being potable, multidose delivery capacity, easy to use, giving fast relief, and free from bacterial contamination as it is prefilled. The above listed components also dive the sales of Metered Dose Inhaler.
Market Restraints
The elements that restraint the growth of Metered Dose Inhaler are high cost of medication and device, lack of awareness between the people regarding advanced treatment and available devices for respiratory diseases and turn down the investment in research and development activities. The manufacturing cost of metered dose inhaler is high and they may have reaction of the medication to be inhaled, which is expected to hamper the market of Metered Dose Inhalers.
Market Segmentation
The Global Metered Dose Inhalers (MDI) Market is segmented into Product Type, Application, Distribution Channel. By Product Type such as Manually Actuated Pressurised Inhaler, Breath Actuated Pressurised inhaler. By Application such as Chronic Obstructive Pulmonary disease, Asthma, Chronic Bronchitis, Emphysema. By Distribution Channel such as Retail Pharmacies, Hospital Pharmacies, E-Commerce.
Regional Analysis
The Global Metered Dose Inhalers (MDI) Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific shows the vast opportunity for market growth owing to the rising incidence of asthma that has occur due to high level of sir pollution, rapid urbanization, the growing smoking population and changing lifestyle. At present, North America combined with Asia Pacific Region is expected to hold the huge market share and influence the overall metered dose market owing to increase in research and development activities, rising awareness about hi-tech respiratory devices and growing prevalence of respiratory disorder in this region. North America is responsible 41.1% of the global market share of metered dose market, with Europe at 27.4% of the total market size of metered dose inhalers.
Key Players
Various Key Players are listed in this report such as Midascare Pharmaceuticals Pvt. Ltd., Beximco Pharma Ltd., GlaxoSmithKline Pharmaceuticals Ltd., 3M Pharmaceuticals Pty Ltd., Biocare Manufacturing Sdn Bhd., Anomatic Innovation & Design Center & Manufacturing, Aristo Pharma Ltd.Intech Biopharm Corporation, Swiss Pharmaceuticals Pvt. Ltd.
Market Taxonomy
By Product Type
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