Pulmonary Drug Delivery Devices Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028

According to Vision Research Reports, the global pulmonary drug delivery devices market size was valued at US$ 36.3 bn in 2020 and to reach US$ 46.2 billion by 2028 with a CAGR of 3% from 2021 to 2028.

Increase in the prevalence and incidence of respiratory diseases across globe, increasing population of smokers across countries, rising prescription of the combination therapies, and rising research & development in the asthma & COPD treatment’ are projected to drive the global pulmonary drug delivery devices market.

Pulmonary Drug Delivery Devices are the devices used primarily for the delivery of the locally acting drugs directly to their site of action, these devices are oftenly used for the management of asthma, COPD, chronic bronchitis and other respiratory diseases. Nebulizers, Metered Dose Inhaler, Dry Powder Inhaler are major pulmonary drug delivery devices with an innovative approach than the conventional inhalers. Rising trend of the targeted drug delivery through pulmonary route, improving patient acceptance and compliance for a non-invasive systemic route are few factors propelling the growth of the market.

North America dominated the global pulmonary drug delivery devices market in 2020 and the trend is anticipated to continue during the forecast period. Acceptance and awareness of technological advancements, rise in COPD incidences, increase in the geriatric population, and strong reimbursement policies. Moreover, insurance coverage for pulmonary drug delivery devices and huge availability of these instruments to the patients is another key factor for its growth in the coming years.

Asia pacific is likely to be major lucrative market for the growth of the pulmonary drug delivery devices. Merger and acquisition amongst companies and launching of innovative products for managing various respiratory conditions are estimated to drive the market of the pulmonary drug delivery devices. Rise in smoking, leading to COPD and other respiratory condition, and increase in disposable income are key factors for the increasing adaption of pulmonary drug devices. Moreover, a rise in the geriatric population in Japan and China, growing patient acceptance due to improved consistency of delivery and product stability drives the demand for pulmonary drugs delivery devices.

Key Restraint

Patent loss of branded drugs in the pulmonary drug delivery devices market provides a platform for the entry of generic drugs. Generics are generally priced lower than their equivalent branded drugs which attract large number of patients in low- and middle-income countries where the prevalence of pulmonary diseases is high as per the data provided by WHO, thus increase in generic drugs in the pulmonary drug delivery devices market will lead to decline in revenues. Moreover, patent loss of drugs such as Advair Diskus (GSK) during the forecast period will hit the market drastically and increase competitive scenario in the generic as well as branded drugs market.

Rise in respiratory disease such as Asthma and COPD, and Increasing Smoker Population to Drive Market

  • The number of smokers is increasing globally. The U.S. has seen a decline in the percentage of people smoking; however, there are still 40 million adults who smoke and 20 million will die prematurely unless they quit. Also, exposure to secondhand smoke raises complications for people suffering from asthma and COPD. According to the American Lung Association, exposure to secondhand smoke can cause more than 202,000 asthma flare-ups among children each year. According to the WHO, tobacco accounts for over 6 million deaths each year; more than 600,000 of these are non-smokers exposed to second-hand smoke. Such alarming statistics indicate that the habit of smoking and increase in number of smokers are likely to propel the pulmonary drug delivery devices market.
  • According to WHO, COPD is the fourth-leading cause of death globally, with approximately 2.75 million deaths per annum. WHO predicts that COPD would be the third-leading cause of death by 2030.In United States, around more than 16 million people are suffering from COPD condition and this statistics likely to drive the need of the pulmonary drug delivery devices. As per Centers for Disease Control and Prevention (CDC), 1 in 13 people likely to have asthma which accounted for 25 million Americans to have asthma. Amongst 25 million Americans, 7.7% adults and 8.4% of children possess asthma.

 Dry Powder Inhaler Segment to Dominate Market

  • Based on product type, the global pulmonary drug delivery devices market has been dry powder inhaler, metered dose inhaler, and nebulizers. Dry powder inhaler segment is further segmented into single dose inhalers, and multi-dose inhalers. Metered dose inhaler is further classified into manually actuated pressurized inhaler, and breath-actuated pressurized inhaler. Nebulizers is also further bifurcated into jet nebulizer, ultrasonic wave nebulizers, and vibrating mesh nebulizers.
  • The dry powder inhaler segment held major share of the global pulmonary drug delivery devices market in 2020 and the trend is anticipated to continue during the forecast period. The attributable factors are attributed to its effective, efficient, and environmentally friendly way of delivering drugs to the lung. Moreover, uniform distribution of the drug, small dose variation, and good flow ability, adequate physical stability in the device before use and good performance in terms of emitted dose and fine particle fraction.

Asthma Segment to Hold Largest Market Share and Cystic Fibrosis to be Highly Lucrative Segment

  • In terms of application, the global pulmonary drug delivery devices market has been divided into asthma, COPD, cystic fibrosis, and Others.
  • The asthma segment held a largest market share in the year 2020 and Cystic fibrosis segment is expected to grow at highest CAGR during forecast period. As per research, severe asthma is prevalent in adults and highly common in the children. According to Global Asthma Network, asthma kills around 1000 people, every day, and affects around 339 million people, which are mostly from low- and middle-income countries.
  • As per Cystic Fibrosis News Today, with higher rate of incidence in the U.S., an estimated 30,000 people suffer from cystic fibrosis. Furthermore, according to research, approx. 1,000 new cases of cystic fibrosis are diagnosed in the U.S. each year. In Europe, the incidence of cystic fibrosis in newborns is around 2000 to 3000 and in Asia Pacific, the disease is highly undiagnosed and the prevalence in the region is very rare. These statistics are estimated to boost the cystic fibrosis market to propel in coming years.

North America to Dominate Global Market

  • In terms of region, the global pulmonary drug delivery devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global pulmonary drug delivery devices market in 2020, followed by Europe.
  • North America accounted for major share of the global pulmonary drug delivery devices market in 2020, followed by Europe owing to increase in prevalence of respiratory diseases, such as asthma, COPD, cystic fibrosis, etc.  in the region. Moreover, favorable reimbursement policies, presence of key players, merger & acquisitions, augment the demand of pulmonary drug delivery devices in the market.
  • The pulmonary drug delivery devices market in Asia Pacific is anticipated to expand at a highest CAGR from 2019 to 2027. This can be attributed to increasing adoption of various pulmonary drug delivery devices, growing incidences of the asthma, COPD and other respiratory conditions. Medial tourism, rapid economic growth in developing economies such as India, China, Indonesia and others are another attributable factors for the market growth in the region.

Competitive Landscape

  • The global pulmonary drug delivery devices market is fragmented in terms of number of players. Key players in the global market include Boehringer Ingelheim GmbH, Novartis AG, GlaxoSmithKline plc, AstraZeneca plc, Teva Pharmaceutical Industries Ltd., Merck & Co., Inc., MannKind Corporation, F. Hoffmann-La Roche Ltd., Mylan N.V., Omron Corporation, 3M Healthcare, Sunovion Pharmaceuticals, Inc., Koninklijke Philips N.V., PARI GmbH, Nypro Healthcare Inc. (Jabil Circuit Inc.) and other prominent players.
  • Companies strive to maintain their leading position in the market by adopting various business strategies such as merger & acquisition, launch of technically advanced products, and expansion strategy enabled companies to expand their product line and strengthen geographic presence across globe.

Market Segmentation

By Product  

    • Dry Powder Inhaler
    • Metered Dose Inhaler
    • Nebulizers

By Application    

    • Asthma
    • COPD
    • Cystic fibrosis
    • Others

By Distribution Channel

    • Hospital Pharmacies
    • Retail Pharmacies
    • E-commerce

By Region

    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific           
      • China
      • India
      • Japan
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC Countries
      • South Africa
      • Rest of Middle East & Africa

Report Scope

The Pulmonary drug delivery devices market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Pulmonary drug delivery devices market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Pulmonary drug delivery devices market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Pulmonary drug delivery devices market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Pulmonary drug delivery devices market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Pulmonary drug delivery devices capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Pulmonary drug delivery devices by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Pulmonary drug delivery devices market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Pulmonary drug delivery devices market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Pulmonary drug delivery devices market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Pulmonary drug delivery devices industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Pulmonary drug delivery devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Pulmonary drug delivery devices market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Pulmonary drug delivery devices market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Pulmonary drug delivery devices market. These factors have benefited the growth of the global market for Pulmonary drug delivery devices. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Pulmonary drug delivery devices. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Pulmonary drug delivery devices are as follows:

  • History Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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