The most recent study conducted by Report Ocean, titled “Global Dry Powder Inhaler Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Dry Powder Inhaler. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Dry Powder Inhaler Market Size study, by Product (Single Dose Dry Powder Inhalers, Multi Dose Dry Powder Inhalers) by Indication (Asthma, Chronic Obstructive Pulmonary Disease (COPD), Pulmonary Arterial Hypertension, Diabetes, Cystic Fibrosis) by Function (Manually operated Inhaler Devices, digitally operated Inhaler Devices) by end use industries (Institutional Sales, Retail Sales, Mail Order Pharmacies) and Regional Forecasts 2022-2028Global Dry Powder Inhaler Market is valued approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2028. Dry-powder inhaler (DPI) refers to a device that delivers medication to the lungs in the form of a dry powder. advantages of DPIs, includes compactness and portability. It also offers rapid delivery time.
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Multi-dose DPIs also have dose counters so the patient can recognize when the prescription needs to be refilled. Growing prevalence of respiratory disorders and rising R&D activities and new product launches are key drivers for the growth of Dry Powder Inhaler market. For instance, according to The Office of Disease Prevention and Health Promotion (ODPHP)- as of 2020 more than 25 million people in the United States have asthma. Approximately 14.8 million adults have been diagnosed with COPD, and approximately 12 million people have not yet been diagnosed. Moreover, annual health care expenditures for asthma alone are estimated at USD 20.7 billion and as per World Health Organization (WHO)- asthma affected an estimated 262 million people in 2019 and caused 461000 deaths.
Furthermore, in October 2021, Glenmark Pharmaceuticals Limited has launched bioequivalent version of Tiotropium Bromide dry powder inhaler (DPI) under the brand name Tavulus in Spain. Also, with rising healthcare infrastructure in emerging economies and increasing pollution levels, the adoption & demand for Dry Powder Inhaler is likely to increase the market growth during the forecast period. However, high cost of Dry Powder Inhaler and availability of other alternatives impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Dry Powder Inhaler market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to presence of leading market players and well-established healthcare industry in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as growing healthcare sector and rising pollution levels in the region would create lucrative growth prospects for the Dry Powder Inhaler market across Asia-Pacific region.
Major market player included in this report are:
GlaxoSmithKline Plc
AstraZeneca Plc
Novartis AG
Teva Pharmaceutical Industries Limited
Boehringer Ingelheim GmbH
Cipla Limited
Chiesi Farmaceutici S.p.A.
ELPEN Pharmaceutical Co. Inc.
Vectura Group Plc
Beximco Pharmaceuticals Ltd.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Single Dose Dry Powder Inhalers
Multi Dose Dry Powder Inhalers
By Indication:
Asthma
Chronic Obstructive Pulmonary Disease (COPD)
Pulmonary Arterial Hypertension
Diabetes
Cystic Fibrosis
By Function:
Manually Operated Inhaler Devices
Digitally Operated Inhaler Devices
By End Use Industries:
Institutional Sales
Retail Sales
Mail Order Pharmacies
By Region:
North America
U.S.
Canada
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Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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