Dry Powder Inhaler Market Key Players, Trends, Growth Opportunities and Industry Forecast till 2023
“Growing preference towards self-administered drug therapies and home-based healthcare services are anticipated to fuel market demand for dry powder inhaler market over the forecast period.�
The global dry powder inhaler market is expected to display higher growth rate in the upcoming period. Rapid surge in the market is credited to the prevalence of respiratory diseases such as chronic obstructive pulmonary diseases and asthma, and rising air pollution levels, particularly in developing economies across the globe. Rising efforts by local governments for improving existing healthcare infrastructure and growing awareness levels are expected to drive the growth of the market over the forecast period. Rising demand and consumption of dry powder inhalers is credited to the surging per capita health care expenditure by regional governments across the globe. Growing preference towards self-administered drug therapies and home-based healthcare services are anticipated to fuel market demand for dry powder inhaler market over the forecast period. Globally, market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of dry powder inhalers. Growing consumption of nicotine and tobacco-based product is propelling sales of dry powder inhaler over the past few years. Development of inexpensive therapies associated with different respiratory diseases, and soaring demand for low-cost devices from developing & underdeveloped economies across the globe is further fostering market growth over the past few years. Several healthcare facilities are allowing patient to share multi-use devices among multiple patient due to unaffordability. However, launch of single-use devices, which are highly cost efficient, has overcome these challenges and offer a hygienic & clean device to use. These factors are further complementing to sustained market growth over the past few years.