Pulmonary/Respiratory Drug Delivery Market Size, Share Analysis Report

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The pulmonary/respiratory drug delivery market was valued at USD 53,018.64 million in 2021 and is expected to reach USD 87,745.62 million by 2029, registering a CAGR of 6.5% during the forecast period of 2022-2029.

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The prevalence of chronic obstructive pulmonary disease (COPD) is on the rise. "Chronic Obstructive Pulmonary Disease (COPD) is the third greatest cause of death globally, with 3.23 million deaths in 2019," according to the WHO. The surging cases of chronic obstructive pulmonary disease (COPD) will further foster the demand for pulmonary/respiratory drug delivery, which will result in propel the market's growth and expansion over the forecasted period.

  • The pulmonary/respiratory drug delivery market was valued at USD 53,018.64 million in 2021 and is expected to reach USD 87,745.62 million by 2029, registering a CAGR of 6.5% during the forecast period of 2022-2029. The "chronic obstructive pulmonary disease (COPD)" accounts for the largest growing application segment in the pulmonary respiratory drug delivery market within the forecasted period owing to the favorable reimbursement policies for the treatment of chronic obstructive pulmonary disease (COPD) along with high incidence and mortality of this disease. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Explore Further Details about This Research Pulmonary/Respiratory Drug Delivery Market Report https://www.databridgemarketresearch.com/reports/global-pulmonary-respiratory-drug-delivery-market

Pulmonary/respiratory drug delivery basically delivers the drugs to the lung to treat respiratory tract diseases. This route is often preferred broadly because of the non-invasive approach, high blood circulation, big surface area for absorption, and permeability rate.

Report Scope and Market Segmentation

REPORT METRIC

DETAILS

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Product (Formulation Type, Device Type), Canister Type (Plain Canisters, Coated Canister), Application (Chronic Obstructive Pulmonary Disease, Asthma, Cystic Fibrosis), Distribution Channel (Retail Pharmacies, Hospital Pharmacies, E-Commerce), End User (Hospitals, Clinics, Home Care Settings)

Countries Covered

U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa

Market Players Covered

GlaxoSmithKline plc (U.K.), Boehringer Ingelheim International GmbH (Germany), 3M (U.S.), AstraZeneca (U.K.), Merck & Co., Inc. (U.S.), Teva Pharmaceutical Industries Ltd., (Israel), Thermo Fisher Scientific Inc., (U.S.), Bruker (U.S.), Abbott (U.S.),  Novartis AG (Switzerland), Clarke International (U.K),  Koninklijke Philips N.V. (Netherlands),  Omron Corporation (Japan), Briggs Healthcare (U.K) and Sunovion Pharmaceuticals Inc. (U.S.)

Market Opportunities

  • Growing investments within the maket
  • Government and non-government initiatives 
  • Technological advancement associated with the pulmonary drug delivery system

 

Pulmonary Respiratory Drug Delivery Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Growing Respiratory Diseases

Rise in prevalence of chronic diseases such as bronchitis, tuberculosis and chronic obstructive pulmonary disease, is the most significant factor driving the growth for this market. Additionally, the rise in smoking also results in respiratory issues, which is also expected to accelerate the market's overall growth.

  • Advantages over conventional drug delivery approaches

The pulmonary/respiratory drug delivery systems are ideal drug approaches compared to conventional drug delivery approaches. There are various limitations associated with traditional therapy such as late-onset of action and low efficacy. Furthermore, the benefits associated with the pulmonary/respiratory drug delivery system, such as the large surface area present in alveolar sacs, high drug loading efficiency and high vascularization which makes lung an appropriate site for drug absorption are expected to boost the market's growth.

Moreover, the rising awareness among the patients and doctors regarding chronic diseases also cushions the market's growth within the forecasted period. The recent advancements in pulmonary drug delivery devices and methods and minimum dose requirements are also projected to bolster the growth of the market.

Opportunities

  • Growing Awareness and Advancements

Moreover, the technological advancement associated with the pulmonary drug delivery system coupled with government and non-government initiatives to increase awareness regarding respiratory issues are estimated to generate lucrative opportunities for the market. Various investments by government and non-government organizations will further offer numerous growth opportunities for the market.

This comprehensive report provides:

  • Improve strategic decision making
  • Research, presentation and business plan support
  • Show emerging  Pulmonary/Respiratory Drug Delivery Market opportunities to focus on
  • Industry knowledge improvement
  • It provides the latest information on important market developments.
  • Develop an informed growth strategy.
  • Build technical insight
  • Description of trends to exploit
  • Strengthen competitor analysis
  • By providing a risk analysis, you can avoid pitfalls that other companies may create.
  • Ultimately, you can maximize your company's profitability.

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