ASTHMA SPACERS MARKET ANALYSIS

Market Challenges And Opportunities

Global Asthma Spacer Market– Drivers

Increasing incidence of asthma patients globally: The prevalence of asthma in children was found to have decreased in low-income countries but increased in lower-middle-income countries. The prevalence in upper-middle and high-income countries was stable, found the Global Asthma Network (GAN) study, which shows how the worldwide burden of children’s asthma symptoms is changing. The University of Auckland, with partners including the London School of Hygiene & Tropical Medicine (LSHTM), conducted a research that included nearly 120,000 children and adolescents from 27 centers in 14 countries in phase 1. And, the findings also imply that asthma is a disease of Westernisation, with rates rising as countries with low and moderate incomes grow more Westernised. There is an urgent need for improved asthma management globally and better access to inexpensive asthma medicines.

Global Asthma Spacer Market: Restraint

• Unavailability of funding and investment for the product expansion: Currently, there's very little investment and funding available for the expansion of the asthma spacer product, due to which the patient pool is not able to access the benefits of this innovative medical device. The lack of investment and funding has hindered the production and distribution of the asthma spacer product, limiting its availability to a larger population. Consequently, many individuals suffering from asthma are unable to reap the advantages offered by this groundbreaking medical device.
• Key players focusing on investment and funding strategies for the advancement of products with safety and cost-effectiveness, which is expected to drive market growth over the forecast period.
• Counterbalance: The market players need to be made more aware of the increasing prevalence of asthma and respiratory disorders worldwide. The growing awareness among the key market players will make them aware of the need for effective medication and its delivery, as well as the advancement of spacer designed technology, which in turn will influence the market players operating in the global asthma spacer market to take an active part in making the investments.