Metered Dose Inhalers Market: Size, Share, Growth, Trends, and Forecasts 2016–2024

sarsota, FL -- (SBWire) -- 10/31/2017 --Metered Dose Inhalers Market: Overview

The metered dose inhaler is a form of respiratory device that transfers a specific amount of medication into the lungs. In the medicine container, the medication is filled and the patient itself uses it in the form of a short burst of sprays of a fixed dosage and inhales it. The medication is inhaled directly into the lungs.

Metered Dose Inhalers Market: Facts

The National Health Technology Assessment Inhaler Review Group performed research in order to review the clinical effectiveness of metered dose inhalers and the handheld inhaler devices in order to transmit the medications. The review concluded that the metered dose inhaler is a cost-effective option.

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Metered Dose Inhalers Market: Segmentation

The global metered dose inhalers market is fragmented into its product type, dose type, disease type, and technology. Based on the type of the product, the global market is segregated into dry powdered inhaler, pressurized metered dose inhalers, nebulizers, and connected metered dose inhalers. Based on the type of the dosage, the market is categorized into 250–400 doses, 200–250 doses, 170–200 doses, 100–160 doses, and 50–80 doses. Based on the type of the disease, the market is divided into chronic obstructive pulmonary devices, asthma, and other respiratory devices. Based on the technology, the market is bifurcated into hydro fluoro alkanes propellant, chlorofluorocarbons, and others.

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Metered Dose Inhalers Market: Growth Factors

In the coming years, the metered dose inhalers market will grow at an above-average rate. The key factor that is driving the metered dose inhalers market is the rapid development of the healthcare industries and the pharmaceutical sectors. In the recent years, there has been a rise in the prevalence of the diseases that are related to the respiratory system such as chronic obstructive pulmonary diseases, asthma, chronic respiratory diseases, and others. The demand for the metered dose inhalers has increased owing to the rise in the awareness among the people about the advanced respiratory devices that have beneficial features when compared with the traditional treatment methods thus propelling the growth of the market. The increase in the amount of the pollution is another factor that favors the growth of the metered dose inhalers market. The factors that are limiting the growth of the market are the increased production cost of the metered dose inhaler and the medication side effects.

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Metered Dose Inhalers Market: Regional Analysis

The market for the metered dose inhalers is dominated by the regions such as Asia Pacific and the North America. These regions dominate the market both in terms of volume and value. Factors that favor the growth of the market are the increasing awareness among the people about the respiratory diseases and the increasing development in the healthcare and the pharmaceutical industries. In the North America region, the country that holds the maximum share for the metered dose inhalers is the U.S. In Asia Pacific region, the developing nations China and India are the major producers of the metered dose inhalers.

Metered Dose Inhalers Market: Competitive Players

The key market players that are involved in the metered dose inhalers market include Presspart Manufacturing Ltd., Beximco Pharma Ltd., 3M Pharmaceuticals Pty Ltd., Anomatic Innovation & Design Center & Manufacturing, Intech Biopharm Corporation, Cipla Inc., Midascare Pharmaceuticals Pvt. Ltd., GlaxoSmithKline Pharmaceuticals Ltd., Biocare Manufacturing Sdn Bhd, Aristo Pharma Ltd, Swiss Pharmaceuticals Pvt. Ltd., and others