How big is the global aerosol treatment market expected to be?
The global aerosol treatment market is predicted to reach a high CAGR (compound annual growth rate) during the forecast period 2023-2030, indicating significant growth potential.
What are the main factors driving the market growth?
Key drivers include the rising prevalence of chronic respiratory diseases like asthma and COPD, the advantages of aerosol treatment (smaller doses, faster response, fewer side effects), and its diverse applications for various conditions.
Which segment is expected to hold the largest market share?
Both vibrating mesh nebulizers (due to portability, convenience, and speed) and the asthma treatment segment (driven by high disease prevalence) are anticipated to lead the market.
Who are the major players in the global aerosol treatment market?
The market is highly competitive, with key players like Merck, Boehringer Ingelheim, GlaxoSmithKline, AstraZeneca, and Novartis leading the way. These companies are actively pursuing growth strategies through product launches, acquisitions, and collaborations.