[Research Report] The COPD devices market is expected to grow from US$ 8,849.16 million in 2022 to US$ 12,877.43 million by 2030; it is anticipated to record a CAGR of 4.8% from 2022 to 2030.
Market Insights and Analyst View:
COPD is a long-term condition that causes lung inflammation, damages lung tissue, and results in the narrowing of the airways, making breathing difficult. The COPD devices market size is expanding with the rising R&D activities to develop smart inhalers for the treatment of COPD, increasing number of COPD cases, and rising government support for the treatment of COPD. In addition, market players' availability of advanced products is further driving the market's growth. For instance, in June 2021, Glenmark Pharma launched Tiotropium Bromide Dry Powder Inhaler, used to treat COPD in the UK.
Growth Drivers and Challenges:
COPD is a chronic lung disease that causes lung inflammation, leading to obstructive airflow from the lungs. Symptoms of COPD include breathing difficulty, mucus (sputum) production, cough, and wheezing. It is usually caused by long-term exposure to irritating gases or particulate matter, most often from cigarette smoke. People suffering from COPD are at an increased risk of developing lung cancer, heart disease, and a variety of other conditions. According to the American Lung Association, COPD is the leading cause of death in the US, and more than 12 million Americans were diagnosed with these diseases in 2022. Per the same source, ~8.5 million adults globally were diagnosed with COPD during 2019–2020. According to the World Health Organization (WHO), in 2021, COPD was the third prominent cause of death worldwide. The high mortality rate of COPD is due to acute exacerbations, which lead to the patients’ respiratory muscle failure, resulting in the loss of patient’s ability to breathe independently; as a result, the patients die from systemic infection and asphyxia. Further, as per the Burden of Obstructive Lung Disease (BOLD) report, in 2020, mortality due to COPD is projected to rise worldwide over the next 40 years, which is expected to reach ~5.4 million deaths annually by 2060. The increasing prevalence of COPD globally is fueling the growth of the COPD devices market.
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COPD Devices Market: Strategic Insights
Market Size Value in US$ 8,849.16 million in 2022 Market Size Value by US$ 12,877.43 million by 2030 Growth rate CAGR of 4.8% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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COPD Devices Market: Strategic Insights
Market Size Value in | US$ 8,849.16 million in 2022 |
Market Size Value by | US$ 12,877.43 million by 2030 |
Growth rate | CAGR of 4.8% from 2022 to 2030 |
Forecast Period | 2022-2030 |
Base Year | 2022 |
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Speak to AnalystReport Segmentation and Scope:
The COPD devices market is segmented based on product type, age group, distribution channel, and geography. The COPD devices market, by type, is segmented into inhaler and nebulizer. The COPD devices market, by age group, is segmented into 20–40 years, 41–65 Years, 66–80 years, and 85+ years. The COPD devices market, by distribution channel, is segmented into hospital pharmacies, retail pharmacies, and online pharmacies. Based on geography, the COPD devices market is categorized into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Australia, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).
Segmental Analysis:
The COPD devices market, by product type, is bifurcated into inhalers and nebulizers. In 2022, the inhaler segment held a larger market share and is expected to record a higher CAGR during the forecast period. Metered dose inhalers (MDI) and dry powder inhalers (DPI) are two major types of inhalers used for treating COPD. Unlike other inhalers that provide a puff of medicine, these inhalers hold the medicine as a dry powder. The patient needs to breathe in quickly and deeply to get the medicine into the lungs. Dry powder inhalers are clinically appropriate and cost-effective alternatives. Metered dose inhalers (MDIs) are handheld pressurized inhaler systems that directly provide small, precise doses of medication to a patient's airways. MDI devices include a valve and actuator that facilitates a consistent delivery of a precise dose of medicine to the patient in particles of an exact size distribution delivered via a propellant. These inhalers require gas propellants with vapor pressures that can be liquefied at temperatures between 40 and 70 psi inside the canister. The fuels used in these MDIs for medication inhalation must be certified by the Food and Drug Administration. It should imply the current Good Manufacturing Practice (cGMP) inhalation grade with high purity levels.
Regional Analysis:
Based on geography, the COPD devices market is classified into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. North America is the largest contributor to the global COPD devices market growth. Furthermore, Asia Pacific is projected to record the highest CAGR in the global COPD devices market during the forecast period. This market's future growth is likely to be attributed to the increasing prevalence of respiratory disorders. Also, chronic obstructive pulmonary disease (COPD) is a major health burden in the US. COPD is caused by obstruction of airflow from the lungs, which can lead to chronic inflammatory lung disease. Smoking is one of the primary causes of COPD in the US. The growing preference for smoking in the US is driving the growth of the COPD devices market. According to the Centers for Disease Control and Prevention (CDC), ~14.8 million adults in the US suffer from COPD.
Furthermore, per the Administration for Community Living, people aged 65 years and above in the US accounted to be 54.1 million, which contributes to 16% of the total population, and it is expected to reach 21.6% by 2040. Older adults are extremely susceptible to chronic respiratory diseases. Thus, a rise in the older population is also expected to boost the demand for respiratory inhalers during the forecast period. Moreover, favorable reimbursement policies are projected to create several opportunities for the growth of the COPD devices market in the region.
COPD Devices Market Report Scope
Industry Developments and Future Opportunities:
Various plans by key players operating in the COPD devices market are listed below:
- In April 2022, GlaxoSmithKline Pharmaceuticals Limited launched Trelegy Ellipta (fluticasone furoate/umeclidinium/vilanterol) in India. It is the first single-inhaler triple therapy (SITT) for COPD patients in a once-daily regime. The product was also approved by the Drugs Controller General of India (DCGI) for consumption of Trelegy Ellipta as a maintenance treatment for preventing and relieving symptoms related to COPD in patients aged 18 and above.
Competitive Landscape and Key Companies:
A few of the prominent players operating in the COPD devices market are AstraZeneca PLC, Beximco Pharmaceuticals Ltd, Getinge AB, Boehringer Ingelheim, GSK Plc, Medtronic PLC, Nephron Pharmaceuticals, Novartis AG, Sunovion Pharmaceuticals Inc, and Teva Pharmaceuticals. These companies focus on geographic expansions and new product launches to meet the growing consumer demand worldwide and increase their product range in specialty portfolios. Their global presence allows them to serve a large base of customers, subsequently facilitating market expansion.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Age Group, End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The COPD devices market, by product type, is bifurcated into inhaler and nebulizer. In 2022, the inhaler segment held a larger market share, and it is expected to record a higher CAGR during the forecast period. The COPD devices market, by distribution channel, is segmented into hospital pharmacies, retail pharmacies, and online pharmacies. In 2022, the retail pharmacies segment held the largest market share; moreover, the same segment is expected to record the highest CAGR during the forecast period. Online pharmacies are the fastest-growing distribution channel of the COPD devices market.
The COPD devices market majorly consists of the players such AstraZeneca PLC, Beximco Pharmaceuticals Ltd, Getinge AB, Boehringer Ingelheim, GSK Plc, Medtronic PLC, Nephron Pharmaceuticals, Novartis AG, Sunovion Pharmaceuticals Inc, and Teva Pharmaceuticals
The increasing cases of COPD, and strategic initiatives in COPD devices bolster the COPD devices market size. However, the high cost associated with COPD devices hinders the COPD devices market growth.
Based on geography, the COPD devices market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). North America is the largest contributor to the growth of the global COPD devices market. Asia Pacific is expected to register the highest CAGR in the COPD devices market during 2022–2030.
Chronic obstructive pulmonary disease, or COPD, refers to a group of diseases that cause airflow blockage and breathing-related problems. It includes emphysema and chronic bronchitis. In people with COPD, the lungs can get damaged or clogged with phlegm. Symptoms include cough, sometimes with phlegm, difficulty breathing, wheezing and tiredness. Smoking and air pollution are the most common causes of COPD. People with COPD are at higher risk of other health problems.According to Centers for Diseases Control and Prevention (CDC), COPD makes breathing difficult for the 16 million Americans who have this disease. everal inhalation device types are available, including metered-dose inhalers (MDIs), dry-powder inhalers (DPIs), soft mist inhalers (SMIs), and small volume nebulizers (SVNs). Each of these devices has unique attributes to consider when selecting treatment for a specific patient.
1. Introduction
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. Research Methodology
4. COPD Devices Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. COPD Devices Market - Key Market Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. COPD Devices Market - Global Market Analysis
6.1 COPD Devices - Global Market Overview
6.2 COPD Devices - Global Market and Forecast to 2030
7. COPD Devices Market – Revenue Analysis (USD Million) – By Type, 2020-2030
7.1 Overview
7.2 Inhalers
7.3 Nebulizers
8. COPD Devices Market – Revenue Analysis (USD Million) – By Age Group, 2020-2030
8.1 Overview
8.2 20-40 Years
8.3 41-65 Years
8.4 66-80 Years
8.5 85+ Years
9. COPD Devices Market – Revenue Analysis (USD Million) – By Distribution Channel, 2020-2030
9.1 Overview
9.2 Hospitals Pharmacies
9.3 Retail Pharmacies
9.4 Online Pharmacies
10. COPD Devices Market - Revenue Analysis (USD Million), 2020-2030 – Geographical Analysis
10.1 North America
10.1.1 North America COPD Devices Market Overview
10.1.2 North America COPD Devices Market Revenue and Forecasts to 2030
10.1.3 North America COPD Devices Market Revenue and Forecasts and Analysis - By Type
10.1.4 North America COPD Devices Market Revenue and Forecasts and Analysis - By Age Group
10.1.5 North America COPD Devices Market Revenue and Forecasts and Analysis - By Distribution Channel
10.1.6 North America COPD Devices Market Revenue and Forecasts and Analysis - By Countries
10.1.6.1 United States COPD Devices Market
10.1.6.1.1 United States COPD Devices Market, by Type
10.1.6.1.2 United States COPD Devices Market, by Age Group
10.1.6.1.3 United States COPD Devices Market, by Distribution Channel
10.1.6.2 Canada COPD Devices Market
10.1.6.2.1 Canada COPD Devices Market, by Type
10.1.6.2.2 Canada COPD Devices Market, by Age Group
10.1.6.2.3 Canada COPD Devices Market, by Distribution Channel
10.1.6.3 Mexico COPD Devices Market
10.1.6.3.1 Mexico COPD Devices Market, by Type
10.1.6.3.2 Mexico COPD Devices Market, by Age Group
10.1.6.3.3 Mexico COPD Devices Market, by Distribution Channel
Note - Similar analysis would be provided for below mentioned regions/countries
10.2 Europe
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Rest of Europe
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Middle East and Africa
10.4.1 South Africa
10.4.2 Saudi Arabia
10.4.3 U.A.E
10.4.4 Rest of Middle East and Africa
10.5 South and Central America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Rest of South and Central America
11. Pre and Post Covid-19 Impact
12. Industry Landscape
12.1 Mergers and Acquisitions
12.2 Agreements, Collaborations, Joint Ventures
12.3 New Product Launches
12.4 Expansions and Other Strategic Developments
13. Competitive Landscape
13.1 Heat Map Analysis by Key Players
13.2 Company Positioning and Concentration
14. COPD Devices Market - Key Company Profiles
14.1 GlaxoSmithKline plc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
Note - Similar information would be provided for below list of companies
14.2 Flexicare Limited
14.3 Novartis AG
14.4 Sunovion Pharmaceuticals Inc.
14.5 Smiths Medical
14.6 Baxter
14.7 Merck
14.8 Koninklijke Philips
14.9 AstraZeneca
14.10 3M
15. Appendix
15.1 Glossary
15.2 About The Insight Partners
15.3 Market Intelligence Cloud
The List of Companies - COPD Devices Market
- AstraZeneca PLC
- Beximco Pharmaceuticals Ltd
- Getinge AB
- Boehringer Ingelheim
- GSK Plc
- Medtronic PLC
- Nephron Pharmaceuticals
- Novartis AG
- Sunovion Pharmaceuticals Inc
- Teva Pharmaceuticals
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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