About Inhalable Drugs
Inhalable Drug is a medicine that is inhaled directly into the lungs to achieve higher curing efficiency. Global inhalable drugs market is expected to witness a growth in the forecasted period owing to rising prevalence of chronic diseases such as tuberculosis, cancer and increasing geriatric population.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.4% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Inhalable Drugs market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GlaxoSmithKline (United Kingdom), Boehringer Ingelheim GmbH (Germany), 3M (United States), Novartis AG (Switzerland), Sunovion Pharmaceuticals Inc. (United States), Pfizer (United States), Aradigm Corporation (United States) and Dura Pharmaceuticals (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are AeroGen (Ireland) and Inhale Therapeutic Systems (United States).
Segmentation Overview
AMA Research has segmented the market of Global Inhalable Drugs market by Type (Dry Powder Formulation, Suspension Aerosol and Solution Aerosol), Application (Respiratory Disease and Non-respiratory Disease) and Region.
On the basis of geography, the market of Inhalable Drugs 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:
Technology Advancement in the Manufacturing Inhalable Machines
Market Growth Drivers:
Rising Number of Incidence of Respiratory Diseases and Focus on Development of Smart/ Digital Inhalers
Challenges:
Deposition of Aerosolised Particles
Restraints:
Stringent Government Rules and Regulations and Pricing Pressure
Opportunities:
Growth in Online Marketing Channels
Market Leaders and their expansionary development strategies
In July 2023, Viatris has launched of Breyna™ (budesonide and formoterol fumarate dihydrate) Inhalation Aerosol, the First FDA-Approved Generic Version of Symbicort® for People with Asthma and Chronic Obstructive Pulmonary Disease.
Key Target Audience
Inhalable Drugs Manufacturers, Public And Private Physicians, Healthcare Institutions (Medical Data Centers), Research & Clinical Laboratories, Distributors And Suppliers Of Inhalable Drugs, Health Insurance Companies and Market Research And Consulting Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.