COPD Drug Delivery Devices Market (Product: Inhalers and Nebulizers; Type: Manual Devices and Digital Devices; and Distribution Channel: Retail Pharmacies, Hospital Pharmacies, and Online Pharmacies) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2030
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R&D and Product Innovation to Increase Adoption of COPD Drug Delivery Devices
The chronic obstructive pulmonary disease (COPD) drug delivery devices have garnered significant popularity in the past few decades, owing to consistent advancements in technology and development of innovative products. Inhaled medication has emerged as one of the most reliable and effective treatments for a broad range of respiratory diseases such as COPD and asthma. Within the COPD drug delivery devices market, focus on product innovation has gained significant momentum in the past 60 years - beginning from the advent of pressurized metered-dose inhalers. At present, although more than 230 devices and drug formulations are available, disease control continues to remain a major challenge.
Stakeholders operating in the current COPD drug delivery devices market are expected to focus on the development of innovative inhalers to improve the overall effectiveness of the inhaled medication therapy. Some of the innovations that are likely to take place within the COPD drug delivery devices market are expected to focus on digital technologies linked with inhalers, chemistry and formulations, and design and device engineering. Moreover, research and development activities are being undertaken to improve targeted drug delivery to the lungs. Furthermore, significant rise in the number of patients suffering from chronic obstructive pulmonary diseases worldwide coupled with a surge in demand for easy-to-operate devices is expected to drive the COPD drug delivery devices market to a value of US$ 11 Bn by 2027.
COPD Drug Delivery Devices Entering a Digital Era
In the current COPD drug delivery devices market landscape, digital drug delivery devices are garnering significant popularity. Trends suggest a gradual shift toward improved digital inhalation devices primarily used to treat patients suffering from respiratory diseases, including asthma and COPD. In recent times, focus on the development of novel drug delivery devices and systems has gained significant momentum in the pharmaceutical sector. In their bid to improve patient outcomes, stakeholders operating in the current market space are increasingly focusing on product development by adopting a patient-centric model.
Key players operating in the COPD drug delivery devices market are enhancing the designs of conventional drug delivery devices to improve patient outcomes. In terms of type, the digital devices segment is expected to grow at a CAGR of ~5% during the forecast period (2019-2027), a higher CAGR growth than the manual devices segment, which is poised to grow at a CAGR of 3.8% during the forecast period. Increase in the adoption of digital COPD drug delivery devices is expected to address the problems that conventional drug delivery techniques were incompetent in solving.
Companies Launch New Products to Stay Competitive in Global Market
Drug development pertaining to asthma has predominantly focused on new molecules in established classes, formulation of new devices, and a range of combination treatments. However, obtaining the approval of the FDA for these new COPD drug delivery devices is likely to remain a key for participants in the COPD drug delivery devices market landscape. In their efforts to establish a strong foothold in the market, several companies are launching new products with innovative designs and improved digital capabilities.
For instance, Lonza launched Capsugel ® Zephyr ™ - a new addition to the dry-powder inhalation capsule portfolio of the company. The company revealed that the launch of the new product was primarily aimed at fulfilling the growing demand for customized treatments for efficient COPD drug delivery.
While some stakeholders are adopting the strategy of product launches, others are actively engaged in seeking approval from the FDA. For instance, in December 2018, Teva announced that the FDA had approval its ProAir Digihaler COPD drug delivery device. The new device makes use of advanced sensors that can be connected to a mobile App, and is specifically developed for individuals suffering from COPD and asthma. The approval of this product is expected to provide an impetus for the adoption of digital technologies to develop cutting-edge COPD drug delivery devices. The COPD drug delivery devices market is a consolidated market with leading players, including Boehringer Ingelheim, GlaxoSmithKline plc, and AstraZeneca accounting for a collective market share of ~82% in 2018.
Analysts’ Viewpoint
The global COPD drug delivery devices market is expected to expand at a CAGR of 3.8% during the forecast period. This growth of the market can be attributed to the significant progress made in product development and integration of new digital technologies in the new-age COPD drug delivery devices. Stakeholders operating in the current market landscape should focus on gaining market share by acquiring small to mid-sized companies. North America and Europe will continue to remain the most prominent regions in the market, owing to favorable regulatory policies, focus on research and development, and growing investments toward product innovation and development. The COPD drug delivery devices in the Asia Pacific region is expected to witness the fastest CAGR growth of ~5%, as awareness related to the benefits of digital COPD drug delivery devices will continue to grow.
COPD Drug Delivery Devices Market: Overview
COPD or chronic obstructive pulmonary disease is a progressive disorder that makes it difficult to breathe. Cigarette smoking is the leading cause of COPD. Moreover, long-term exposure to other lung irritants, such as air pollution, chemical fumes, or dust may also contribute to COPD development.
COPD drug delivery devices include inhaler and nebulizer, which effectively deliver the medication to the lungs and airways to treat or prevent diseases
COPD Drug Delivery Devices Market: Product Overview
Inhaled medication for COPD treatment is delivered through inhalers and nebulizers for effective results
Inhalers can be short-acting or long-acting. Long-acting bronchodilators include salmeterol, formoterol, vilanterol, and olodaterol. Bronchodilators include albuterol (Ventolin HFA), metaproterenol (Alupent), and levalbuterol (Xopenex). These drugs are administered through metered dose inhaler or dry powder inhaler to treat airflow obstruction caused by COPD.
Major types of inhalers include metered dose inhaler, dry powder inhaler, and soft mist inhaler. Nebulizers are sub-segmented into jet nebulizer, mesh nebulizer, and ultrasonic nebulizer.
The metered dose inhaler sub-segment dominated the inhaler segment. Growth of the sub-segment can be attributed to increase in demand for combination inhalers and promising drugs in pipeline.
COPD Drug Delivery Devices Market: Key Drivers
Increase in prevalence of COPD is a major cause that can be attributed to the growth of the global COPD drug delivery devices market. The disease burden is increasing among adults as well as in pediatric population, due to genetics or environmental factors, including microbial exposure, exposure to passive smoking, and air pollution, thereby increasing the need for COPD treatment. Increase in number of smokers is also fueling the COPD drug delivery devices market, as cigarette smoking (active or passive) is considered to be responsible for COPD.
Focus on spreading awareness about advantages of COPD treatment, including common treatment options such as pressurized meter dose inhalers and dry powder inhalers is also propelling the global COPD drug delivery devices market growth
Electronic monitoring devices for inhalers are significant applications of the digital technology for inhaled delivery systems. Rise in focus on smart or digital inhalers for administration of COPD drugs is driving the COPD drug delivery devices market growth.
Market Segmentation: COPD Drug Delivery Devices Market
Based on product, the global COPD drug delivery devices market has been divided into inhaler and nebulizer. Inhaler is further sub-segmented into metered dose inhaler, dry powder inhaler, and soft mist inhaler. Nebulizer is sub-segmented into jet nebulizer, mesh nebulizer, and ultrasonic nebulizer.
In terms of type, the global COPD drug delivery devices market has been bifurcated into manual device and digital device
Based on distribution channel, the global COPD drug delivery devices market has been classified into retail pharmacies, hospital pharmacies, and online pharmacies
Each of the segments has been analyzed in detail for market trends, recent trends & developments, drivers, restraints, opportunities, and useful insights. The report provides current and future revenue (US$ Mn) for each these segments for the period from 2017 to 2027, considering 2018 as the base year. The compound annual growth rate (% CAGR) has been provided for each segment and market from 2019 to 2027, along with market size estimations.
Regional Overview: COPD Drug Delivery Devices Market
In terms of region, the global COPD drug delivery devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions have been further divided into major countries and sub-regions.
The current and future market sizes in terms of revenue (US$ Mn) of these regional markets and their major countries have been provided in the report for the period from 2017 to 2027, with their CAGRs for the period from 2019 to 2027
The study also offers a list of recommendations, highlights, and useful insights of the market, which will help new companies willing to enter the market and existing companies to increase market shares, and help in the decision-making process
COPD Drug Delivery Devices Market: Major Players
The report concludes with the company profiles section that includes key information about the major players in the market
Leading players analyzed in the report are -
- AstraZeneca
- Boehringer Ingelheim GmbH
- GlaxoSmithKline plc
- Novartis AG
- Teva Pharmaceutical Industries
- Merck & Co., Inc.
- Cipla Inc.
- Sunovion Pharmaceuticals, Inc.
- Koninklijke Philips N.V.
- PARI GmbH
- Omron Corporation
Each of these players has been profiled in the report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments
Key Questions Answered in COPD Drug Delivery Devices Market Report
- What is the sales/revenue generated by COPD drug delivery devices market across all regions during the forecast period?
- What are the opportunities in the global COPD drug delivery devices market?
- What are the major drivers, restraints, opportunities, and threats in the global market?
- Which region is set to expand at the fastest CAGR during the forecast period?
- Which product segment is expected to generate the highest revenue globally in 2027? Which segment is projected expand at the highest CAGR during the forecast period?
- What are the market positions of different companies operating in the global market?
COPD Drug Delivery Devices Market - Segmentation
Product
- Inhalers
- Nebulizers
Type
- Manual Devices
- Digital Devices
Distribution Channel
- Retail Pharmacies
- Hospital Pharmacies
- Online Pharmacies
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
TABLE OF CONTENT
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary : Global COPD Drug Delivery Devices Market
4. Market Overview
4.1. Introduction
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global COPD Drug Delivery Devices Market Analysis and Forecast, 2017–2027
5. Key Insights
5.1. Disease Prevalence in Key Countries
5.2. Key Market Events
5.3. Regulatory Scenario
6. Global COPD Drug Delivery Devices Market Analysis and Forecasts, by Product
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Global COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Product, 2017–2027
6.3.1. Inhaler
6.3.1.1. Metered Dose Inhaler
6.3.1.2. Dry Powder Inhaler
6.3.1.3. Soft Mist Inhaler
6.3.2. Nebulizer
6.3.2.1. Jet Nebulizer
6.3.2.2. Mesh Nebulizer
6.3.2.3. Ultrasonic Nebulizer
6.4. Global COPD Drug Delivery Devices Market Attractiveness, by Product
7. Global COPD Drug Delivery Devices Market Analysis and Forecasts, by Type
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Global COPD Drug Delivery Devices Market Value (US$) Forecast, by Type, 2017–2027
7.3.1. Manual Device
7.3.2. Digital Device
7.4. Global COPD Drug Delivery Devices Market Attractiveness, by Type
8. Global COPD Drug Delivery Devices Market Analysis and Forecasts, by Distribution Channel
8.1. Introduction & Definition
8.2. Key Findings / Developments
8.3. Global COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Distribution Channel, 2017–2027
8.3.1. Hospital Pharmacies
8.3.2. Retail Pharmacies
8.3.3. Online Pharmacies
8.4. Global COPD Drug Delivery Devices Market Attractiveness, by Distribution Channel
9. Global COPD Drug Delivery Devices Market Analysis and Forecasts, by Region
9.1. Key Findings
9.2. Global COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Region
9.2.1. North America
9.2.2. Europe
9.2.3. Asia Pacific
9.2.4. Latin America
9.2.5. Middle East & Africa
9.3. Global COPD Drug Delivery Devices Market Attractiveness, by Region
10. North America COPD Drug Delivery Devices Market Analysis and Forecast
10.1. Introduction
10.2. North America COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Product, 2017–2027
10.2.1. Inhaler
10.2.1.1. Metered Dose Inhaler
10.2.1.2. Dry Powder Inhaler
10.2.1.3. Soft Mist Inhaler
10.2.2. Nebulizer
10.2.2.1. Jet Nebulizer
10.2.2.2. Mesh Nebulizer
10.2.2.3. Ultrasonic Nebulizer
10.3. North America COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Type, 2017–2027
10.3.1. Manual Device
10.3.2. Digital Device
10.4. North America COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Distribution Channel, 2017–2027
10.4.1. Hospital Pharmacies
10.4.2. Retail Pharmacies
10.4.3. Online Pharmacies
10.5. North America COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027
10.5.1. U.S.
10.5.2. Canada
10.6. North America COPD Drug Delivery Devices Market Attractiveness Analysis
10.6.1. By Product
10.6.2. By Type
10.6.3. By Distribution Channel
10.6.4. By Country
11. Europe COPD Drug Delivery Devices Market Analysis and Forecast
11.1. Introduction
11.2. Europe COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Product, 2017–2027
11.2.1. Inhaler
11.2.1.1. Metered Dose Inhaler
11.2.1.2. Dry Powder Inhaler
11.2.1.3. Soft Mist Inhaler
11.2.2. Nebulizer
11.2.2.1. Jet Nebulizer
11.2.2.2. Mesh Nebulizer
11.2.2.3. Ultrasonic Nebulizer
11.3. Europe COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Type, 2017–2027
11.3.1. Manual Device
11.3.2. Digital Device
11.4. Europe COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Distribution Channel, 2017–2027
11.4.1. Hospital Pharmacies
11.4.2. Retail Pharmacies
11.4.3. Online Pharmacies
11.5. Europe COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027
11.5.1. Germany
11.5.2. U.K.
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Rest of Europe
11.6. Europe COPD Drug Delivery Devices Market Attractiveness Analysis
11.6.1. By Product
11.6.2. By Type
11.6.3. By Distribution Channel
11.6.4. By Country/Sub-region
12. Asia Pacific COPD Drug Delivery Devices Market Analysis and Forecast
12.1. Introduction
12.2. Asia Pacific COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Product, 2017–2027
12.2.1. Inhaler
12.2.1.1. Metered Dose Inhaler
12.2.1.2. Dry Powder Inhaler
12.2.1.3. Soft Mist Inhaler
12.2.2. Nebulizer
12.2.2.1. Jet Nebulizer
12.2.2.2. Mesh Nebulizer
12.2.2.3. Ultrasonic Nebulizer
12.3. Asia Pacific COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Type, 2017–2027
12.3.1. Manual Device
12.3.2. Digital Device
12.4. Asia Pacific COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Distribution Channel, 2017–2027
12.4.1. Hospital Pharmacies
12.4.2. Retail Pharmacies
12.4.3. Online Pharmacies
12.5. Asia Pacific COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027
12.5.1. China
12.5.2. Japan
12.5.3. India
12.5.4. Australia & New Zealand
12.5.5. Rest of Asia Pacific
12.6. Asia Pacific COPD Drug Delivery Devices Market Attractiveness Analysis
12.6.1. By Product
12.6.2. By Type
12.6.3. By Distribution Channel
12.6.4. By Country/Sub-region
13. Latin America COPD Drug Delivery Devices Market Analysis and Forecast
13.1. Introduction
13.2. Latin America COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Product, 2017–2027
13.2.1. Inhaler
13.2.1.1. Metered Dose Inhaler
13.2.1.2. Dry Powder Inhaler
13.2.1.3. Soft Mist Inhaler
13.2.2. Nebulizer
13.2.2.1. Jet Nebulizer
13.2.2.2. Mesh Nebulizer
13.2.2.3. Ultrasonic Nebulizer
13.3. Latin America COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Type, 2017–2027
13.3.1. Manual Device
13.3.2. Digital Device
13.4. Latin America COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Distribution Channel, 2017–2027
13.4.1. Hospital Pharmacies
13.4.2. Retail Pharmacies
13.4.3. Online Pharmacies
13.5. Latin America COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Latin America COPD Drug Delivery Devices Market Attractiveness Analysis
13.6.1. By Product
13.6.2. By Type
13.6.3. By Distribution Channel
13.6.4. By Country/Sub-region
14. Middle East & Africa COPD Drug Delivery Devices Market Analysis and Forecast
14.1. Introduction
14.2. Middle East & Africa COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Product, 2017–2027
14.2.1. Inhaler
14.2.1.1. Metered Dose Inhaler
14.2.1.2. Dry Powder Inhaler
14.2.1.3. Soft Mist Inhaler
14.2.2. Nebulizer
14.2.2.1. Jet Nebulizer
14.2.2.2. Mesh Nebulizer
14.2.2.3. Ultrasonic Nebulizer
14.3. Middle East & Africa COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Type, 2017–2027
14.3.1. Manual Device
14.3.2. Digital Device
14.4. Middle East & Africa COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Distribution Channel, 2017–2027
14.4.1. Hospital Pharmacies
14.4.2. Retail Pharmacies
14.4.3. Online Pharmacies
14.5. Middle East & Africa COPD Drug Delivery Devices Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027
14.5.1. GCC Countries
14.5.2. South Africa
14.5.3. Israel
14.5.4. Rest of Middle East & Africa
14.6. Middle East & Africa COPD Drug Delivery Devices Market Attractiveness Analysis
14.6.1. By Product
14.6.2. By Type
14.6.3. By Distribution Channel
14.6.4. By Country/Sub-region
15. Competition Landscape
15.1. Competition Matrix
15.2. Market Share Analysis, by Company (2018)
15.3. Company Profiles
15.3.1. AstraZeneca
15.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.1.2. Company Financials
15.3.1.3. Growth Strategies
15.3.1.4. SWOT Analysis
15.3.2. Boehringer Ingelheim GmbH
15.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.2.2. Company Financials
15.3.2.3. Growth Strategies
15.3.2.4. SWOT Analysis
15.3.3. GlaxoSmithKline plc
15.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.3.2. Company Financials
15.3.3.3. Growth Strategies
15.3.3.4. SWOT Analysis
15.3.4. Novartis AG
15.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.4.2. Company Financials
15.3.4.3. Growth Strategies
15.3.4.4. SWOT Analysis
15.3.5. Teva Pharmaceutical Industries
15.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.5.2. Company Financials
15.3.5.3. Growth Strategies
15.3.5.4. SWOT Analysis
15.3.6. Merck & Co., Inc.
15.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.6.2. Company Financials
15.3.6.3. Growth Strategies
15.3.6.4. SWOT Analysis
15.3.7. Cipla Inc.
15.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.7.2. Company Financials
15.3.7.3. Growth Strategies
15.3.7.4. SWOT Analysis
15.3.8. Sunovion Pharmaceuticals, Inc.
15.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.8.2. Company Financials
15.3.8.3. Growth Strategies
15.3.8.4. SWOT Analysis
15.3.9. Koninklijke Philips N.V.
15.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.9.2. Company Financials
15.3.9.3. Growth Strategies
15.3.9.4. SWOT Analysis
15.3.10. PARI GmbH
15.3.10.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.10.2. Growth Strategies
15.3.10.3. SWOT Analysis
15.3.11. Omron Corporation
15.3.11.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.11.2. Company Financials
15.3.11.3. Growth Strategies
15.3.11.4. SWOT Analysis