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The chronic obstructive pulmonary disease (COPD) and asthma devices market has experienced strong growth recently, increasing from $42.49 billion in 2023 to $44.95 billion in 2024, with a compound annual growth rate (CAGR) of 5.8%. This growth is attributed to factors such as the expanding elderly population, rising incidence of allergies, government initiatives, increased clinical research and trials, and urbanization. The market is projected to grow further, reaching $57.08 billion by 2028 at a CAGR of 6.2%. The anticipated growth is driven by the rising occurrence of respiratory diseases, increased cigarette smoking, higher levels of environmental pollution and associated breathing problems, growing prevalence of respiratory conditions, higher healthcare expenditure, and the increasing portability of drug delivery devices. Key trends expected in the forecast period include technological advancements, the integration of smart technology, personalized medicine, adoption of biologics, and the use of wearable respiratory monitors.

The growing prevalence of respiratory diseases is expected to propel the growth of the chronic obstructive pulmonary disease (COPD) and asthma devices market going forward. Respiratory diseases, which include asthma, COPD, pneumonia, and lung cancer, are increasingly common due to factors such as air pollution, climate change, and smoking. Devices for COPD and asthma play a crucial role in managing these diseases by supporting patients in achieving better respiratory health. For instance, in March 2023, the World Health Organization reported that COPD was the third leading cause of death globally, resulting in approximately 3.23 million fatalities, with nearly 90% of deaths occurring in low- and middle-income countries. Therefore, the growing prevalence of respiratory diseases drives the COPD and asthma devices markets.

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What Are The Key Trends That Influence Chronic Obstructive Pulmonary Disease (COPD) And Asthma Devices Market Share Analysis?
Major companies operating in the chronic obstructive pulmonary disease (COPD) and asthma devices market are focusing on developing innovative technologies, such as inhalation devices, to integrate digital health features for remote monitoring and personalized treatment management. Inhalation devices are medical devices used to administer medications directly into the lungs through inhalation. For instance, in May 2022, Alkem Laboratories, an India-based pharmaceutical company, introduced the Innohaler, a dry powder inhaler (DPI) device, to make life easier for people with asthma and COPD. The Innohaler boasts advanced breath-actuated technology, ensuring precise medication delivery with each inhalation, optimizing dosage accuracy, and reducing waste. Its ergonomic design promotes ease of use, featuring a user-friendly interface that simplifies operation for patients of all ages. The device incorporates a compact and portable build, enhancing convenience for on-the-go use and improving patient adherence to prescribed treatments.

How Is The Global Chronic Obstructive Pulmonary Disease (COPD) And Asthma Devices Market Segmented?
1) By Type: Metered Dose Inhalers; Drug Powder Inhalers; Soft Mist Inhalers; Jet Nebulizers; Ultrasonic Nebulizers; Other Types
2) By Indication: Asthma; Chronic Obstructive Pulmonary Disease
3) By Application: Hospitals; Clinics; Home Care Settings; Research Institutions; Other Applications
4) By End User: Pediatric; Adult; Geriatric

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The Chronic Obstructive Pulmonary Disease (COPD) And Asthma Devices Global Market Report 2024 provides an overview of the chronic obstructive pulmonary disease (copd) and asthma devices market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The chronic obstructive pulmonary disease (copd) and asthma devices market forecast analyzes chronic obstructive pulmonary disease (copd) and asthma devices market size, chronic obstructive pulmonary disease (copd) and asthma devices market share, leading competitor and their market positions.

The Table Of Content For The Chronic Obstructive Pulmonary Disease (COPD) And Asthma Devices Market Include:

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