Inhaler Sales Driving Global Respiratory Device Market

A new study shows the respiratory market reached USD 44.2 billion 2011 as a result of a worldwide increase in respiratory disease and an aging population.

In a recent research report titled World Market for Respiratory Devices, Kalorama Information (Kalorama; Rockville, MD, USA), a medical research publisher, examined the size and growth of the respiratory device market to determine trends in the industry.

Kalorama’s report showed that growth in the market is the result of an increased incidence of Chronic obstructive pulmonary disease (COPD) and a need for home-based care products, according to Bruce Carlson, publisher, Kalorama.

“The bulk of the market growth is expected to arise from an increasing incidence of COPD worldwide and from innovative products entering the market,” said Mr. Carlson. “The market will also grow thanks to the shifting trend towards the use of home care products for the graying population across the globe.”

Respiratory market products include inhalers, nebulizers, sleep apnea equipment, oxygen therapy equipment, medical humidifiers, and respiratory measurement devices. Kalorama’s report also discovered the largest component of the market is respiratory inhalers and therapeutic pharmaceuticals, which account for roughly 77% of the total sales for the industry.

Devices that contain pharmaceuticals administered through an inhaler represent the largest volume of market sales. However, Kalorama notes that the dollar volume of inhalers should not mask the growth opportunities in other device categories.

“The lion’s share of the market is inhalers, but there are other devices that are going to drive revenue growth as well, and we detail these in the report,” added Carlson.

The report indicated that some industry areas will experience growth of 7%-9% over the next five years.

Kalorama Information is a leading publisher of market research in medical markets, including the biotechnology, diagnostics, medical device, and pharmaceutical industries.


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