How the Chronic Obstructive Pulmonary Disease (COPD) And Asthma Devices Market Will Grow: Key Trends, Market Size, and Opportunities Beyond 2025
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Drivers Are Shaping the Growth and Development of theChronic Obstructive Pulmonary Disease (COPD) And Asthma Devices Market?
The rise in respiratory ailments is poised to steer the growth trajectory of the market for Chronic Obstructive Pulmonary Disease (COPD) and asthma-related equipment. Respiratory diseases, including asthma, COPD, pneumonia and lung cancer, pose a significant threat to lung and respiratory function. Factors such as escalating air pollution, shifting climate factors influencing allergens and pathogens, and lifestyle choices like smoking, contribute to their increasing incidence. The role of COPD and asthma devices is instrumental for comprehensive respiratory disease management, aiding patients in attaining superior respiratory wellness and boosting their general health. To elaborate, in March 2023, as per the World Health Organization (WHO), a dedicated United Nations agency headquartered in Switzerland that oversees international public health, COPD secured the third position in the list of global causes of mortality, accounting for about 3.23 million deaths. Additionally, nearly 90% of these casualties were under 70 years of age and occurred predominantly in low to middle-income countries. Consequently, the increasing prevalence of respiratory ailments offers a growth impetus to the market for COPD and asthma devices.
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How Has the Chronic Obstructive Pulmonary Disease (COPD) And Asthma Devices Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?
The market for devices related to chronic obstructive pulmonary disease (COPD) and asthma has seen significant growth recently. The market is projected to expand from $44.95 billion in 2024 to a substantial $47.83 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.4%. The historical period’s growth can be linked to several factors including the exponential increase in the elderly population, growing allergy prevalence, expanded government initiatives, increase in medical research and trials, along with the increase in urbanization.
The market for devices aimed at chronic obstructive pulmonary disease (COPD) and asthma is predicted to witness strong expansion in the coming years. The market worth will reach $60.53 billion by 2029, with a compound annual growth rate (CAGR) of 6.1%. The growth during this forecast period can be credited to an increase in respiratory diseases cases, escalating cigarette consumption, growing environmental pollution and respiratory issues, increasing incidence of respiratory problems, expanding healthcare spending, and elevating portability of drug delivery devices. The key trends likely to be seen during this projection period include advancements in technology, the incorporation of smart technology, personalized healthcare, the application of biologics, and the usage of wearable respiratory monitors.
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Which Cutting-Edge Market Trends Are Expected to Drive theChronic Obstructive Pulmonary Disease (COPD) And Asthma Devices Market’s Growth?
Leading firms in the chronic obstructive pulmonary disease (COPD) and asthma gadgets market are prioritizing the development of cutting-edge technologies like inhalation devices. These devices are designed to incorporate digital health elements for distant monitoring and personalized therapeutic management. Inhalation devices function by delivering drugs directly into the lungs through inhalation. For instance, Alkem Laboratories, a pharmaceutical firm based in India, launched the Innohaler, a dry powder inhaler (DPI) device, in May 2022. This device aims to make lives easier for COPD and asthma patients. The Innohaler features advanced breath-triggered technology that ensures accurate medicine delivery with each breath, maximizing dosage precision and reducing waste. Its user-friendly design makes it easy to operate for all ages and includes a compact and portable structure that enhances convenience for mobile use and helps enhance patient compliance with recommended treatments.
What Are the Leading Market Players Impacting theChronic Obstructive Pulmonary Disease (COPD) And Asthma Devices Market’s Growth Trend?
Major companies operating in the chronic obstructive pulmonary disease (COPD) and asthma devices market are AstraZeneca Plc, Novartis AG, GlaxoSmithKline Plc, 3M Health Care, Boehringer Ingelheim, Royal Philips NV, Teva Pharmaceuticals Industries Ltd., Baxter International Inc., Omron Corporation, Smiths Medical Inc., Recipharm AB, Cipla Ltd., Teleflex Incorporated, Chiesi Farmaceutici SpA, Lincre Holdings Inc., Sunovion Pharmaceuticals Inc., Verona Pharma plc, Drive DeVilbiss Healthcare, Pari Respiratory Equipment Inc., Allied Healthcare Products Inc., Clement Clarke International Ltd., Cohero Health Inc., Pneuma Respiratory Inc., Mundipharma International Ltd.
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How Are the Key Segments of the Chronic Obstructive Pulmonary Disease (COPD) And Asthma Devices Market Driving Opportunities and Innovations?
The chronic obstructive pulmonary disease (COPD) and asthma devices market covered in this report is 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
Subsegments:
1) By Metered Dose Inhalers: Conventional MDI, Breath-Actuated MDI
2) By Drug Powder Inhalers: Dry Powder Inhalers (DPI), Multi-Dose DPI
3) By Soft Mist Inhalers: Respimat Soft Mist Inhalers, Other Soft Mist Devices
4) By Jet Nebulizers: Pneumatic Nebulizers, Venturi-Type Nebulizers
5) By Ultrasonic Nebulizers: Tabletop Ultrasonic Nebulizers, Portable Ultrasonic Nebulizers
6) By Other Types: Nebulizer Accessories, Spacer Devices
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What Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of theChronic Obstructive Pulmonary Disease (COPD) And Asthma Devices Market?# Market Expansion?
North America was the largest region in the chronic obstructive pulmonary disease (COPD) and asthma devices market in 2023. The regions covered in the chronic obstructive pulmonary disease (COPD) and asthma devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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