Asthma Medication Market Scope
Asthma, refers to chronic respiratory disease of lungs which causes trouble while breathing. Global asthma Medication market is boosting due to increase number of asthma patients due to environmental pollution, genetic reason and other reasons. The symptoms can be generated by contact to various types of allergens such as ragweed, animal dander and irritants including smoke and chemical fumes. There are various type of medication available in market such as quick-relief medications, long-term control medications and asthma medications during pregnancy.
According to AMA, the Global Asthma Medication market is expected to see growth rate of 4.5% Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Asthma Medication market throughout the predicted period.
GlaxoSmithKline (GSK) (United Kingdom), Novartis AG (Switzerland), Merck & Co. (United States), Abbott Laboratories (United States), Boehringer Ingelheim (Germany), AstraZeneca (United Kingdom), Roche Holding AG (Switzerland), Teva Pharmaceutical Industries (Israel), Vectura Group (United Kingdom), Pfizer (United States) and MAP Pharmaceuticals, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Genentech Inc. (United States), Sepracor, Inc. (United States), Schering-Plough Corp (United States), Sanofi-Aventis (France) and Theravance Inc. (United States).
Segmentation Overview
The study have segmented the market of Global Asthma Medication market by Type (Quick-Relief Medications, Long-Term Control Medications and Asthma Medications During Pregnancy), by Application (Children, Adolescent and Adult) and Region with country level break-up.
On the basis of geography, the market of Asthma Medication has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Adoption of Innovative Biologics and Rising Environmental Pollution
Market Growth Drivers:
Up Surging Demand of Medication Due To Rising Incidences and Increasing Government Support for Asthma Medication
Challenges:
Government Regulation to Approve Asthma Drug
Restraints:
High Cost of Treatment and More Chances of Side Effect
Opportunities:
Increasing Awareness of Diagnosis and Treatment of Asthma in Children
Market Leaders and their Expansionary Development Strategies
In July 2019, Boehringer Ingelheim acquired all shares in AMAL Therapeutics SA, a privately held Swiss biotechnology company focused on cancer immunotherapy and the development of first-in-class therapeutic cancer vaccines derived from its technology platform KISIMA. AMAL's lead vaccine, ATP128, is currently being developed for stage 4 colorectal cancer and will begin its first human trial later this month. Boehringer Ingelheim plans to develop new therapies by combining assets from its cancer immunology portfolio with AMAL's proprietary KISIMA immunization platform.
On 24th April 2018, GlaxoSmithKline plc and Innoviva, Inc. has announced that US Food and Drug Administration approved an extended indication for Trelegy Ellipta. Which is help to US physician broader population of chronic obstructive pulmonary disease (COPD) patients with airflow limitation.
Key Target Audience
Asthma Inhaler Device Suppliers, Asthma Inhaler Device Manufacturers, Research Laboratories, Medical Devices Industries, Medical Institutes, Government Research Centre and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.