Market Research Report
North America Smart Inhalers Market Forecast 2019-2028
|Published by||Inkwood Research||Product code||945451|
|Published||Content info||124 Pages
Delivery time: 2-3 business days
|North America Smart Inhalers Market Forecast 2019-2028|
|Published: June 30, 2020||Content info: 124 Pages||
The North America smart inhalers market is predicted to register a CAGR of 31.01% over the projected period, 2019-2028. Technological developments, as well as competition among important pharmaceutical players, are augmenting market growth in the region.
The North America smart inhalers market growth is assessed through the countries of the United States and Canada. In Canada, total healthcare spending was estimated to reach USD xx billion or USD xx per person. It exhibits about 11.3% of the country's GDP. In Canada, the primary factor boosting the growth of respiratory devices is the surging incidence of respiratory diseases. The patients suffering from COPD in the age group of 50 to 64 years were 261,000 in 2016 as per the statistics of Canada. It increased to 314,400 the next year. According to the Ontario Lung Association, asthma accounts for about 80% of chronic respiratory diseases in Canada. Some of the renowned companies established in Canada supplying nebulizers are PARI, MedQuip, Sunset, Respironics, among others. The prices range from low CAD 25 to CAD 190, based on the severity of diseases. The MDI is increasingly advised in schools and colleges among children, due to its better efficiency, rapid administration, and fewer side effects. However, the nebulizer is expected to be preferred over MDI in long term care, as it is less expensive and easily available. The mesh nebulization technology is becoming popular in various hospitals across Canada, leading to cost savings and superior performance, in turn, fueling market growth.
Some of the well-established companies functioning in the market are Teva Pharmaceutical Industries Limited, 3M Company, Agilent Technologies, Inc, Opko Health Inc, Koninklijke Philips N.V., etc.
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