May 27, 2024
Asthma Spacers Market

Asthma Spacers Market Expands Due to Rising Preference for Non-Invasive Therapeutic Delivery

The global asthma spacers market has witnessed significant growth in recent years owing to the growing prevalence of respiratory disorders such as asthma. Asthma spacers, also known as aerochambers or inhalation devices, are specialized chambers that help deliver asthma medications into the lungs. They are commonly used with pressurized metered-dose inhalers (pMDIs) to ensure proper drug delivery and enable effective management of symptoms. Asthma spacers offer easy and consistent dosage along with minimizing medication deposition in the oral cavity and throat. The devices provide improved distribution of medicines to the lungs, thereby enhancing clinical outcomes.

The Global asthma spacers market is estimated to be valued at US$ 2.15 Bn in 2024 and is expected to exhibit a CAGR of 19% over the forecast period from 2024 to 2030.

Key Takeaways
Key players operating in the asthma spacers market Size are Merck KGaA, Thermo Fisher Scientific, Origene Technologies, Inc., New England Biolabs, GenScript, GeneCopoeia, Inc., Cellecta, Inc., Agilent Technologies, Inc., PerkinElmer, Inc. (Horizon Discovery Ltd.), and Danaher Corporation (Integrated DNA Technologies), among others. These companies are focusing on developing innovative spacer designs and expanding their product portfolios through mergers and acquisitions.

The growing prevalence of respiratory diseases worldwide is a major factor fueling demand for asthma spacers. As per WHO estimates, over 339 million people suffer from asthma globally. The rising awareness regarding the benefits of spacers in disease management is further boosting adoption.

The market is witnessing increased growth opportunities in developing regions due to improving access to healthcare facilities. Leading manufacturers are strengthening their distribution networks across Asia Pacific, Latin America, and Middle East & Africa to tap the emerging markets.

Market Key Trends

Personalized medical devices are gradually gaining prominence in the asthma spacers market. Companies are collaborating with healthcare providers to develop spacers customized as per individual parameters such as age, severity of symptoms, and lifestyle. For instance, 3D printing is being utilized to manufacture spacers tailored to pediatric populations. Such developments are expected to boost patient compliance and treatment effectiveness over the forecast period.

Porter’s Analysis
Threat of new entrants: The asthma spacers market has high initial costs associated with R&D and manufacturing which makes entry difficult for new players.

Bargaining power of buyers: The buyers have moderate bargaining power in this market due to availability of substitute products.

Bargaining power of suppliers: Suppliers have moderate bargaining power due to differentiated products and technologies required.

Threat of new substitutes: Substitutes such as inhalers present threat, however spacers are preferred for patients finding it difficult to coordinate inhalation and actuation.

Competitive rivalry: The market is consolidated with major global players occupying dominant market share.

Geographical Regions

North America dominates the global asthma spacers market currently in terms of value owing to supportive reimbursement policies and healthcare infrastructure.

Asia Pacific is expected to witness fastest growth during the forecast period driven by rising asthma prevalence, increasing health awareness and healthcare expenditures in emerging economies like India and China.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraaged AI tools to mine informaation and compile it