According to a report available on Radiant Insights, Inc., the global soft mist inhaler market is highly favorable in nature and is likely to exhibit phenomenal CAGR over the forecast period (2012–2022). Soft mist inhalers are specifically used for the treatment of patients suffering from asthma and chronic obstructive pulmonary disease. Improper lifestyle of consumers and increasing number of patients with pulmonary diseases are key factors that can drive this market in coming years.
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Excessive use of automobiles, improper food intake, less hours of sleep, and smoking have disturbed the lifestyle of humans. Continuation of such an imbalanced lifestyle can result in major health disorders such as asthma and chronic obstructive pulmonary disease (COPD). Gradual increase in the number of patients suffering from such respiratory diseases is likely to contribute to the growth of the market. In some cases, patients have acquired these chronic diseases genetically. Rising prevalence of chronic diseases through genetic transmission can also augur well for the market.
Lack of awareness against the harmful effects of smoking and pollution, high treatment cost, limited availability of healthcare equipment in clinics and hospitals for proper diagnosis are key factors that are hindering the demand for soft mist inhalers at a global level. Patent expiry of drugs being used in inhalers can also restrict market growth.
Usually, chronic conditions such as COPD and asthma are non-curable and can only be controlled through regular diagnosis and immense care. However, focusing on obvious biological factors and knowing the prognosis of the disease can create ground for expedition of novel pharmacologic possibilities. In addition, supportive initiatives by public and private organizations to alleviate the suffering from such respiratory diseases can fuel the growth of the market in the forecast period. For instance, the International Union against Tuberculosis and Lung Disease (The Union) and the International Study of Asthma and Allergies in Childhood (ISAAC), along with the Global Asthma Network (GAN), are improving respiratory care across the globe, especially in low and middle-income nations.
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On the basis of product type, the soft mist inhaler market can be categorized into asthma and COPD. Based on application, the market can be categorized into clinics and hospitals.
By way of region, the soft mist inhaler market is segmented into China, North America, Southeast Asia, Europe, India, and Japan. In the global arena, developed regions such as Europe and North America are likely to dominate the market in coming years. Increase in aging population and advanced healthcare infrastructure are few factors supporting growth in these regions. Southeast Asia soft mist inhaler market is expected to experience moderate growth owing to increasing disposable income, rise in air pollution, soaring number of smokers, and improving healthcare infrastructure. In developing countries such as China and India, the market for soft mist inhalers is expected to show strong growth in future. Awareness about timely diagnosis of chronic diseases and availability of advanced healthcare equipment can augment the market in these countries.
Some of the prominent companies operating in the soft mist inhaler market are Respimat, Propeller Health, AstraZeneca PLC, Teva Pharmaceutical Industries Ltd., and Boehringer Ingelheim GmbH.
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