Industry Background:
A dry powder inhaler (DPI) is a device which delivers medication to the lungs of patients suffering from respiratory disorders in the form of a dry powder. DPIs are usually used to treat respiratory diseases like emphysema, asthma, bronchitis, and COPD although DPIs (like inhalable insulin Afrezza) are used in the treatment of diabetes mellitus. DPIs are alternative devices to the aerosol-based inhalers usually called metered-dose inhaler (or MDI). Growing number of people with respiratory diseases & diabetes mellitus around the globe are the driving factors for growth of global dry powder inhalers market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | GlaxoSmithKline plc (United States), The 3M Company (United States), Boehringer Ingelheim GmbH (Germany), Chiesi Farmaceutici S.p.A (Italy), Cipla Limited (India), Acorda Therapeutics, Inc. (United States), HOVIONE FARMACIÊNCIA, S.A. (Portugal), MannKind Corporation (United States), Novartis International AG (Switzerland) and Orion Oyj (Finland) |
This growth is primarily driven by Growing Number of People with Respiratory Diseases & Diabetes Mellitus, Increasing Spending On Healthcare and Rise in the Aging Population.
Globally, a noticeable market trend is evident Introduction of Smart Inhalers The Medical Devices sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as GlaxoSmithKline plc (United States), The 3M Company (United States), Boehringer Ingelheim GmbH (Germany), Chiesi Farmaceutici S.p.A (Italy), Cipla Limited (India), Acorda Therapeutics, Inc. (United States), HOVIONE FARMACIÊNCIA, S.A. (Portugal), MannKind Corporation (United States), Novartis International AG (Switzerland) and Orion Oyj (Finland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product.
Key Developments in the Market:
In November 2023, Catalent acquired Vectura, a leading DPI development and manufacturing company, for £960 million. This deal expands Catalent's inhalation drug capabilities and gives them access to Vectura's innovative DPI platforms like the AeroDose technology.
In November 2023, Aerovant launched Genuair Ellipta, a new DPI for the treatment of chronic obstructive pulmonary disease (COPD). It features a novel design for improved usability and drug delivery.
Influencing Trend:
Introduction of Smart Inhalers
Market Growth Drivers:
Growing Number of People with Respiratory Diseases & Diabetes Mellitus, Increasing Spending On Healthcare and Rise in the Aging Population
Challenges:
Regulatory Requirements for DPIs can be Complex and Vary Across Regions and Lack of Availability of Skilled Professionals
Restraints:
Availability of Alternatives such as Metered Dose Inhaler (MDI) in the Market and Lack of Awareness
Opportunities:
Rapidly Developing Medical Infrastructure & Rising Medical Tourism in Developing Nations and Development of Various Innovations in the Dry Powder Inhalers
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Dry Powder Inhalers Market
- Analysis about New Entrants in Dry Powder Inhalers Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Dry Powder Inhalers Study Sheds Light on
The Dry Powder Inhalers Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Dry Powder Inhalers industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Dry Powder Inhalers industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.