Inhaler Device Packaging Market Speculated to Expand at Unwavering Pace During 2019-2026

  • 22 Apr 2019

The rising concern of air pollutants due to various reasons and widespread usage of inhalation therapy in respiratory and lung disorders like asthma, chronic bronchitis, chronic obstructive pulmonary disease (COPD), emphysema, pneumonia, etc. are stimulating the growth of inhaler devices market. This, in turn, is facilitating a rapid rise in the demand for appropriate packaging of inhaler devices. Packaging is quint-essential in maintaining the stability of inhaler drugs contained in inhaler devices. Besides inhaler device packaging plays an important role in providing information about appropriate inhaler technique that facilitates the administration of a prescribed amount of medication.
In accordance with all the above factors global inhaler device packaging market is to witness a stout rise in revenues with a lucrative CAGR during the forecast period of 2019-2026.

Global Inhaler Device Packaging Market Trends
•    Market players with inhaler device designed for affirmative patient adherence and prescribed drug delivery are proposed to outstand contemporary competitive rivals
•    The inhaler device packaging market is expecting record patent submissions for innovative device designs by leading market players
•    Fluctuating regulatory norms related to tamper-proof packaging ensuring the stability of drugs will continue to forge the market innovations and competitive pricing
•    Usage of automation and artificial intelligence to provide trackable inhaler device packaging for shelf-life management and expiry information estimated to gain momentum among end-users
•    Augmented focus on R&D to design infant-friendly inhaler devices and their packaging 

Global Inhaler Device Packaging Market, by Product 
•    Vials
•    Ampoules 
Vials segment is currently leading the global inhaler device packaging product segmentation due to wide demand by patients on parenteral medications. The recyclable and refillable inhalers are expected to further augment a positive CAGR during the coming years. Cost-effectiveness of packaging new inhaler products and addressing the counterfeiting products is anticipated to pose challenges in both vials and ampoules product segmentation.  

Global Inhaler Device Packaging Market, by End-Use 
•    Contract Manufacturing Organizations 
•    Pharmaceutical Companies

Global Inhaler Device Packaging Market, by Region 
•    Europe  
•    North America  
•    APAC  
•    Latin America
•    Rest of World
Increase in industrial and vehicle pollution in emerging regions like APAC and Latin America are expected result in the rising cases of patients with respiratory and lung disorders. Also, the growing network of pharmaceutical companies in this region is creating tremendous growth opportunities for global inhaler device packaging market. APAC is estimated to witness robust growth in terms of market penetration. This will be followed by North America, Europe and Rest of the world respectively due to increasing adoption of the market. 

Competitive Landscape:  
•    Tier 1 players- established companies in the market with a major market share  
•    Tier 2 players 
•    Emerging players which are growing rapidly 
•    New Entrants  

FutureWise Takeaways  
•    Growth prospects  
•    SWOT analysis 
•    Key trends 
•    Key data-points affecting market growth  

Objectives of the Study:
•    To provide with an exhaustive analysis on the global inhaler device packaging market on the basis of product, end-use and region   
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) 
•    To evaluate and forecast micro-markets and an overall market  
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East 
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies