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Technavio predicts the global asthma spacers market to post a CAGR of more than 4% by 2023. (Graphic: Business Wire)
A key driver for the global asthma spacers market is the growing demand for respiratory care. Allergy, pollution, and smoking can result in several respiratory diseases such as obstructive airway diseases such as asthma, COPD, and cystic fibrosis. Though COPD is not curable, medical and physical treatments are available to relieve symptoms. The aerosol therapy helps in relieving symptoms by enabling drug delivery directly into the lower airways for either topical or systemic effect. Healthcare practitioners and pharmacists recommend asthma spacers to patients taking Inhaler therapy for uncontrolled asthma and COPD as these devices improve the hand-breath coordination while reducing the side effects of inhaled medication.
This research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2019-2023. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the increase in online retailing as one of the key trends in the global asthma spacers market:
Global asthma spacers market: Increase in online retailing
Owing to the ease of shopping offered by online shopping, this trend has significantly increased. Besides, the prices offered by online stores are usually lower when compared with retail stores because of low overhead costs. Both domestic and international vendors sell their products on online portals such as eBay and Amazon. This helps in the promotion and enhancement of their brands.
“The factors such as the rising Internet penetration and increase in adoption of digital products such as tablets, smartphones, and laptops support online sales. Online retailing also helps in reaching a large customer base. During the forecast period, with the increasing use of asthma spacers, the rise in online retail of these products will facilitate the growth of the global asthma spacers market,” says a senior analyst at Technavio for research on health care equipment & services.
Global asthma spacers market: Segmentation analysis
This asthma spacers market analysis report segments the market by distribution channel (hospital and retail pharmacies and online stores) and geography (the Americas, APAC, and EMEA).
The hospital and retail pharmacies segment held the largest asthma spacers market share in 2018, accounting for nearly 70% of the market. This segment is expected to dominate the global market throughout the forecast period.
The Americas led the market in 2018 with more than 50% of the market share, followed by EMEA and APAC respectively. The Americas is expected to dominate the market throughout the period 2019-2023.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market ecosystemMarket characteristicsMarket segmentation analysis
Market definitionMarket size and forecast
Five Forces Analysis
Regional comparisonKey leading countries
Vendors coveredVendor classificationMarket positioning of vendorsCompetitive scenario
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INDUSTRY KEYWORD: HEALTH GENERAL HEALTH
SOURCE: Technavio Research
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PUB: 01/08/2019 09:25 AM/DISC: 01/08/2019 09:25 AM