According to FutureWise analysis the market for Dry Powder Inhaler Device in 2023 is US$ 20.76 billion, and is expected to reach US$ 30.20 billion by 2031 at a CAGR of 4.80%.
Dry powder inhalers (DPI) are devices that administer dry powdered medications to the lungs of individuals with respiratory problems. Due to advantages such as faster drug absorption, high bioavailability, and local action of the drug in the respiratory tract, pulmonary drug delivery has gained attention and acceptance in the treatment of respiratory disorders in recent years, allowing for faster treatment and relief for patients suffering from respiratory disorders. Nebulizers, pressurised metered dosage inhalers (P-MDI), and dry powder inhalers are the most common methods. Due to increased environmental concerns over chlorofluorocarbon (CFC) used as a propellant in P-MDIs, dry powder inhalers are favoured over pressurised metered dose inhalers. As a result, manufacturers have jumped into the dry powder inhaler market, offering a diverse selection of goods to patients suffering from respiratory illnesses. The dry powder inhaler market is expected to rise due to the introduction of next-generation inhalers that incorporate smart technology. The integration is expected to usher in a new era in medicine delivery, with the key foundation being customised performance depending on the patient's or user's varied breathing patterns. Dry powder inhalers with digitally enabled platforms and a user-friendly interface will aid in the prevention or correction of actuation errors, hence increasing compliance. The recent upswing in digitalization in the healthcare and industrial sectors has also aided the expansion of digitally operated inhaler devices.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Dry Powder Inhaler Device Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Dry Powder Inhaler Device Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.