Global chronic obstructive pulmonary disease device market could hit $34 billion by 2020
The global chronic obstructive pulmonary disease and asthma devices market is expected to reach $34 billion by 2020, according to a new report by Allied Market Research.
Its Global COPD and Asthma Devices Market – Size, Industry, Analysis, Trends, Opportunities, Growth and Forecsat, 2013-2020 report predicts compound annual growth of 4.5% between 2014 and 2020, bringing the total market value to $34.3 billion. Dry powder inhalers will be the most lucrative segment of the market, overtaking metered dose inhalers. The dry powder inhaler segment is predicted to grow at a compound annual growth rate of 5.3%.
Urgency in medication and improved drug delivery devices will drive the growth in this market. The fact that metered dose inhalers release environmentally-hazardous gases such as chlorofluorocarbon and hydrofluoroalkanes could negatively impact growth of that segment.
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