Aerosol drug delivery is an important part in the management of respiratory diseases. Metered dose inhalers (MDIs) is a popular mode of aerosol delivery. Metered dose inhalers are the most common type of inhalers used in asthmatic conditions. Spacer is an external device attached to the MDI, which provides better drug delivery by enhancing inhalation and actuation. The major advantage of aerosol drug delivery is fast onset of therapeutic action as the drug is delivered to the target site of action. Metered dose inhalers are used to treat several respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), and cystic fibrosis. These inhalers deliver specific quantity of drugs to the lungs in the form of aerosolized drug to provide faster pharmacological action. There are two types of MDIs: manually-actuated pressurized inhalers and breath-actuated pressurized inhalers. Metered dose inhalers consist of three components canister, metering valve, and an actuator, which provide easy drug delivery to the patient. The metering valve dispenses measured quantity of drug into the lungs with every actuation. Propellant is one of the major components in MDI which pressurizes aerosol medication to dispense. MDI formulations contain active pharmaceutical ingredients suspended or dissolved in propellants, solvents, or a mixture of propellants in compact aerosol dispensers.
Diagnosis and treatment of asthma in children is a major challenge globally. Asthma-related disease conditions in children are preventable with awareness, timely treatment, and education. Therefore, increasing awareness with proactive asthma management in children could be a profitable marketing opportunity for the metered dose inhalers market. COPD and asthma are a major concern in the U.S. and China due to high prevalence of these diseases and rise in the number of smokers. This could drive the metered dose inhalers market during forecasting period. In 2014, a report published by the American Lung Association stated that nearly 47% of the U.S. citizens live in counties with unhealthy levels of particulate or ozone pollution. Therefore, rise in environmental triggers is anticipated to fuel demand for the metered dose inhalers market during the forecast period. Air pollution, rapid urbanization, rise in smoking population, and changing lifestyle has resulted in prevalence of asthma in urban regions of the world, thereby fueling market expansion.
The global metered dose inhalers market has been segmented based on type, application, distribution channel, and geography. In terms of type, the market further bifurcated into manually-actuated pressurized inhaler and breath-actuated pressurized inhaler. Based on application, the market is segmented into asthma, COPD, cystic fibrosis, and others. Asthma segment is expected hold the maximum share percentage owing prevalence worldwide. In terms of distribution channel, the global metered dose inhalers market is categorized into retail pharmacies, hospital pharmacies, and e-commerce. Retail pharmacies are expected to hold the maximum market share due to rise in over-the-counter sale of MDIs.
Based on geography, the global metered dose inhalers market is segmented into five key regions: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to continue to dominate the market due to rising awareness and costly asthma management. Asia Pacific is expected to account for the second largest share of the market due to high incidence of asthma in countries such as India and China. China is estimated to account for the largest share of the market owing to factors such as rapidly growing geriatric population, high levels of pollution, and improvement in diagnosis rate.
Major players involved in the global metered dose inhalers market include AstraZeneca plc, Boehringer Ingelheim GmbH, F Hoffmann-La Roche Ltd., GlaxoSmithKline plc., Merck & Co. Inc., and Novartis AG.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.