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According to a new report from BCC Research, the global market for pulmonary drug delivery systems is expected to grow to $43.9 billion by 2018 with a compound annual growth rate (CAGR) of 6.2% from 2013 to 2018. The dry powder inhalers category is the fastest moving segment in this market, growing at a significant five-year CAGR of 12.5%.
(PRWEB) June 24, 2014
BCC Research (http://www.bccresearch.com) reveals in its new report, PULMONARY DRUG DELIVERY SYSTEMS: TECHNOLOGIES AND GLOBAL MARKETS, the global market for pulmonary drug delivery systems is expected to grow to $43.9 billion by 2018 with a compound annual growth rate (CAGR) of 6.2% from 2013 to 2018. The dry powder inhalers category is the fastest moving segment in this market, growing at a significant five-year CAGR of 12.5%.
The recent trends in the formulating sector show increased sales of dry powder inhalers (DPIs). It currently represents 25% and is progressing to the frontline at a steady rate. Its global market is estimated to outgrow the previously held dominant segment of metered dose inhalers (MDIs) by 2018. The U.S.A. and Europe together are currently the forerunners in the pulmonary inhalables segment.
Rising cases of respiratory disorders, new innovations in pharmaceutical formulations and combinations, emergence of better sophisticated inhaler device designs and consumer desire for noninvasive methods have led to the growth of drug delivery systems in the last few years.
Pulmonary drug delivery technologies are focused on developing simple, easy-to-use and cost-effective devices, says BCC Research analyst, Usha Nagavarapu. The global market for dry powder inhalers is expected to rise between 2013 through 2018 due to better device engineering and powder formulations.
PULMONARY DRUG DELIVERY SYSTEMS: TECHNOLOGIES AND GLOBAL MARKETS provides an overview of the present and future global market trends for pulmonary drug delivery systems with data from 2012 and 2013, and CAGRs projections through 2018. A separate section of the report discusses the examination of devices currently being used for drug delivery to the lungs, new developments, spending trends, and revenue prospects for these technologies. It also includes information on product innovations and recent strategic industry activities of major players across different product categories. In addition, this study covers relevant profiles of leading companies in the industry.
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming(at)bccresearch(dot)com.
About BCC Research
BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years, we have helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key competitors. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Our clients include the top companies in industries around the world as well as universities, business schools, start-ups, consulting firms and investment companies.
BCC Research is a unit of Eli Research LLC. Visit our website at http://www.bccresearch.com. Contact us: (+1) 781-489-7301 (U.S. Eastern Time), or E-mail: information(at)bccresearch(dot)com.
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC, 49-2 Walnut Park, Wellesley, MA 02481, Telephone: (+1) 781-489-7301; Email: editor(at)bccresearch(dot)com as the source and publisher. Thank you.
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