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Market Brief: New Triple-Combination Therapies Help Boost Lackluster Inhalation Devices Market

 
• By Marion Webb

The inhalation devices market will reach $12bn by 2023, driven by the rising prevalence of asthma and COPD worldwide. GlaxoSmithKline, AstraZeneca and Boehringer Ingelheim dominate worldwide sales of inhalation products for asthma and COPD, and are facing generic competition. Generics developers and major pharma players are trying to set themselves apart with better drug-delivery devices. 

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The global market for inhalation-based devices, used to manage asthma and chronic obstructive pulmonary disease (COPD), is expected to grow at a compound annual growth rate (CAGR) of 3%, reaching $12bn by 2023, and is driven by a greater prevalence of the disease and the aging population, according to a new analyst report "Drug Delivery: Inhalation Devices," from Informa's Meddevicetracker. Also see "Market Snapshot: Ventilators & Pulmonary Function Assessment Products Market Sees Moderate Growth" - Medtech Insight, 30 October, 2018.

According to Datamonitor Healthcare, in 2018, there were 111.6 million people living with asthma and COPD worldwide, with COPD accounting for 54% of the total cases. Over the next two...

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