About Aerosol Delivery Devices
Aerosol therapy is measured to be one of the cornerstones of respiratory therapy that demonstrates the nuances of both the art and science of 21st-century medicine. The market operating companies are heavily investing in technology development. With the sudden advent of coronavirus, the pandemic has boosted the demand for aerosol delivery devices among healthcare units in developed regions.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
There is a huge number of companies are operating in this industry and heavily investing in technology development. There are various market players are entering this industry to capture market growth opportunities. The market leaders are investing in organic and non-organic strategic growth initiatives to become dominant in this industry. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Aerosol Delivery Devices market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3M Company (United States), Aerogen, Inc. (Ireland), Glaxosmithkline Plc (GSK) (United Kingdom), Johnson & Johnson (Actelion Pharmaceuticals Ltd) (United States), Philips (Koninklijke Philips N.V.) (Netherlands), Merck & Co., Inc. (United States), Metall Zug Group (Clement Clarke International Ltd) (Switzerland), Recipharm AB (Bespak) (Sweden), Teva Pharmaceutical Industries Limited (Israel) and Vectura Group PLC (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Gerresheimer AG (Germany), Heitkamp & Thumann KG (H&T Presspart) (Germany) and Iconovo AB (Sweden).
Segmentation Overview
AMA Research has segmented the market of Global Aerosol Delivery Devices market by Type (Small-Volume Nebulize, Pressurized Metered-Dose Inhaler and Dry-Powder Inhaler), Application (Asthma, Chronic Obstructive Pulmonary Disease (COPD), Cystic Fibrosis and Non-Respiratory Diseases) and Region.
On the basis of geography, the market of Aerosol Delivery Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Retail Pharmacies will boost the Aerosol Delivery Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Nebulizer, the sub-segment i.e. Pneumatic Compressor Nebulizer will boost the Aerosol Delivery Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase Investment in the Research and Development, Increase in Healthcare Reforms and Continuous Investment in Technological Advancements in Aerosol Delivery Devices
Market Growth Drivers:
Increase in Demand for Home Healthcare Devices, Development in the Healthcare Industry and Increase in Government Budgets in Healthcare Infrastructure
Challenges:
The Slowdown in Economy, Because of Coronavirus Pandemic
Restraints:
Fluctuation in Price of Raw Materials
Opportunities:
Asia-Pacific Presents Profitable Opportunities for Market Key Players Functioning in the Aerosol Delivery Devices Industry, Owing to Large Population Base Suffered From Asthma and COPD and The Rise in Public Awareness Regarding its Benefits of These Devices and Affordability of Medical Devices
Market Leaders and their expansionary development strategies
In January 2024, Kindeva Drug Delivery announced that it acquired Summit Biosciences, an intranasal drug-delivery company.
In Jan 2021, Aerosolized Medications announced the production of an aerosol delivery device fitted with water-resistant viral filters. It is considered a highly effective viral filter and designed for both patient exhaled pathogens and fugitive emissions from entering into the environment. Through this initiative, the company is enhancing its market share in this industry.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Aerosol Delivery Devices Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.