Pulmonary diseases are highly widespread all over the globe, and could cause chronic occurrences of pain if not treated properly. Alarming air pollution has been a steady contributor to the increased incidences of respiratory disorders, thus pushing the relevant market to showcase higher sales of devices needed to provide medicines against these disorders. Rising cases of smokers also is a chief driving factor of the global pulmonary drug delivery market. From a futuristic perspective, the market is expected to show a hike in its revenue earned, especially due to intense research and development activities.
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How is the regional Segmentation of the global drug delivery devices market?
From a geographical perspective, the market is mainly spread across Latin America, North America, Middle East and Africa, Asia Pacific., and Europe. From these, North America has held the mantle of a leading segment mainly due to the high occurrence chronic obstructive pulmonary disorders (COPD) in countries present in this region. After North America, Europe comes runner-up in terms of regional pulmonary drug device sales. Apart from these regions, Asia Pacific is prophesized to show a stellar growth in this market mainly due to high spread of pulmonary disorders as well rising awareness among the masses about treatment processes.
Which are the leading companies present in the global pulmonary drug delivery devices market?
Boehringer Ingelheim GmbH, Merck & Co. Inc., AstraZeneca Plc, GlaxoSmithKline Plc, and Teva Pharmaceutical Industries Ltd., are some of the leading players operating in this market. These players account for a whopping 67% of the total market shares, thus leading a highly consolidated structure existing in the global drug delivery devices market. From an overall perspective, the vendor landscape in this market is expected to remain highly competitive and tough in the next few years. This is mainly due to an immense effort taken by new as well as established players in the market to improve their products.