The demand for Aerosol Therapy is witnessing an uptick on account of rising respiratory diseases and deforestation. All forms of drugs can be used in this therapy like liquid, solid, solutions and suspensions. Till the last decade aerosol therapy was constraint to the treatment of asthma and COPD only. According to the World Health Organization, half of the asthma and COPD cases are due to hereditary weakness and environmental conditions. Respiratory diseases are also likely to increase because of pollution. The aerosol therapy market is expanding tremendously to include all kinds of respiratory diseases as well as macromolecular suspensions for target drug deliveries. These technological advancements are going to boost the aerosol therapy market growth, introducing it in new fields like inhalation therapy, gene therapy and vaccination. Aerosol therapy is already being used to deliver insulin, pain medications and in influenza and measles vaccines. This is an efficient and cost-effective method of drug delivery with minimal side effects.

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The recent covid-19 pandemic in 2019 took the world by a storm. The pandemic brought the world to a standstill. All industries have suffered some form of loss due to the pandemic. In addition to this the pandemic has also cost many lives. Till date there have been 177,470,620 covid-19 cases in the world and 3,839,931 deaths. Most nations around the world were affected by the pandemic which not only took lives but also took away jobs. The pandemic caused a huge economic burden all around the world with most industries bearing some form of loss. The Aerosol Therapys industry also saw a slowdown during the pandemic as the industries were shut and production of affected.

According to UnivDatos Market Insights (UMI)’ research report “Aerosol Therapy Market Analysis, 2020”, the Aerosol Therapy market is projected to grow at a CAGR of X% during 2021-27F. Rising respiratory infections is one of the prominent reason which is driving the market of the Aerosol Therapy. For Instance: According to the World Health Organization, half of the asthma and COPD cases are due to hereditary weakness and environmental conditions. Also, Asthma is highly prevalent around the world and effect 262 million people in 2019.

Based on the Application, the market is fragmented into asthma, chronic obstructive pulmonary disease, cystic fibrosis, and non-respiratory diseases, which include diabetes, analgesia and parkinson’s disease. Asthma accounted for the largest share in 2020 and is anticipated to register a lucrative CAGR during the forecast period. Asthma and COPD are the most treated disorders with aerosol therapy. The asthma segment had the highest CAGR value in the application segment. Asthma is highly prevalent around the world and effect 262 million people in 2019. Asthma is a long-term condition where the air passages in the lungs are partially blocked due to inflammation and muscle tightening.

Nebulizers Segment to Witness Robust growth

Based on Product, the market is fragmented into dry powdered inhalers, metered dose inhalers and nebulizers. Nebulizers Segment had the highest revenue and CAGR growth in the analyzed period. In the past few years various types of nebulizers have been introduced. Nebulizers are the most used aerosol device as they are the easiest to use for children and the elderly who are the most prone to respiratory diseases.

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North America to Grab Lion’s Share, and witnessed Explicit Growth

Based on the Region, North America dominated the Aerosol Therapy market in 2020. The region is projected to maintain its dominance during the forecasted period 2021-27 owing to urbanization. For example, in the United States 82.46% of the population in live in urban areas as compared to 81.86 in 2016 according to Statista. North America is expected to skyrocket with a CAGR of X% in the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research report “Aerosol Therapy Market Analysis, 2020”. 

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Aerosol Therapy Market are Merck, Boehringer Ingelheim, GlaxoSmithKline, AstraZeneca, Novartis, Teva Pharmaceuticals, Opko Health, Omron Healthcare, Medtronic, and GE Healthcare among others. The players are focused on launching new products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.

• In March 2021, Sandoz Inc gained in-licensing of commercial distribution rights to generic of respiratory inhalation medicine Merck & Co’s Proventil HFA (albuterol sulfate) Inhalation Aerosol.
• In February 2020, a new inhaler for treating horses with asthma has been developed and is expected to be on the market in Europe later this year by Boehringer Ingelheim.
• In January 2020, Teva has developed the first digitally-integrated inhaler to be approved by the FDA.

“Aerosol Therapy Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Aerosol Therapy providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1. By Product (Dry powder inhalers, Metered dose inhalers, Nebulizers)
2. By Application (Asthma, Chronic obstructive pulmonary disease, Cystic fibrosis, Non respiratory diseases)
3. By End-User (Hospitals, Clinics, Ambulatory Surgical Centers, Individual)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (Merck, Boehringer Ingelheim, GlaxoSmithKline, AstraZeneca, Novartis, Teva Pharmaceuticals, Opko Health, Omron Healthcare, Medtronic, GE Healthcare etc.)

Key questions answered in the study:

1. What are the current and future trends of the Aerosol Therapy industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Aerosol Therapy industry?
5. What are the customer orientation, purchase behavior, and expectations from the Aerosol Therapy firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 INDUSTRY PERFORMANCE

4 EXECUTIVE SUMMARY

5 COVID-19 IMPACT

6 MARKET INSIGHTS BY PRODUCT

7 MARKET INSIGHTS BY APPLICATION

8 MARKET INSIGHTS BY END-USER

9 MARKET INSIGHTS BY REGION

10 LEGAL AND REGULATORY FRAMEWORK

11 DEMAND AND SUPPLY SIDE ANALYSIS

12 VALUE CHAIN ANALYSIS

13 AEROSOL THERAPY MARKET TRENDS & INSIGHTS

14 AEROSOL THERAPY MARKET DYNAMICS

15 COMPETITIVE SCENARIO

16 COMPANY PROFILED

17 DISCLAIMER