Aerosols Budesonide Market Scope
With the constantly evolving landscape of aerosol drugs and delivery mechanisms, it's critical that we not only share our knowledge with patients, but also with all members of the health-care delivery team at all stages of care. Budesonide is a medication that is used to treat and avoid asthma symptoms such as wheezing and shortness of breath. This medicine belongs to the corticosteroid family of medicines. It acts immediately in the lungs to reduce inflammation and swelling of the airways, making breathing easier. To be safe, this drug must be taken on a daily basis. It does not function immediately and cannot be used to treat asthma attacks that occur suddenly. Budesonide is sometimes combined with formoterol. This kind of inhaler works as a preventative as well as a relief.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | AstraZeneca (United Kingdom), Pfizer, Inc. (United States), Teva Pharmaceuticals (Israel), Cipla (India), Novartis AG (Switzerland), Mylan (United States), Abbott Laboratories (United States), Takeda Pharmaceuticals (Japan), Boehringer Ingelheim (Germany) and Allgen Pharmaceuticals (Actavis) (India) |
CAGR | % |
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. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Aerosols Budesonide market throughout the predicted period.
AstraZeneca (United Kingdom), Pfizer, Inc. (United States), Teva Pharmaceuticals (Israel), Cipla (India), Novartis AG (Switzerland), Mylan (United States), Abbott Laboratories (United States), Takeda Pharmaceuticals (Japan), Boehringer Ingelheim (Germany) and Allgen Pharmaceuticals (Actavis) (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Bristol Myers Squibb (United States), Shimadzu Corporation (Japan), Manus Aktteva Biopharma LLP (India), Skyepharma Production SAS (France) and Shanghai Sine Pharmaceutical Factory Co Ltd (China).
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.
Segmentation Overview
The study have segmented the market of Global Aerosols Budesonide market by Type , by Application (Hospitals, Specialty Clinics and Over-the-Counter (OTC)) and Region with country level break-up.
On the basis of geography, the market of Aerosols Budesonide 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On 8th January, 2019 - Takeda Completed its Acquisition of Shire, this Acquisition has enlarged Takeda’s Global Presence and Leadership Role Across Japan And the United States, And R&D-Driven Biopharmaceutical Capabilities to Its Portfolio.
On 22nd May, 2019 - Lupin launched Budesonide Inhalation Suspension 0.5 mg/2 mL Single-Dose Ampules, this New Offering is a Generic Version of AstraZeneca Pharmaceuticals LP’s Pulmicort Respules Inhalation Suspension, 0.5 mg/2 mL. and On 8th March, 2021 - Viatris Inc. and Kindeva Drug Delivery Announced FDA Tentative Approval of their First Abbreviated New Drug Application (NDA) Generic Version of “Symbicort” (Budesonide/Formoterol Fumarate Dihydrate) Inhalation Aerosol, Indicated for Certain Patients with Asthma or Chronic Obstructive Pulmonary Disease (COPD).
United States, Food and Drug Administration, “Budesonide Metered Nasal Spray” – The Regulation Presents List of Guidelines Associated to Classification, Labelling and Dosage Limitations Based on User Profile, Any New Entrant is Required to have Regulatory Clearance form FDA.
Influencing Trend:
Growing Investments in Healthcare Infrastructure
Market Growth Drivers:
Prevalence of Severe Acute Respiratory Syndrome (SARS) and Growing Geriatric Population
Challenges:
Side Effects and Adverse Reactions Due to Over/Under Dose and Regulatory Approval
Restraints:
Lack of Trained Professionals
Opportunities:
Low Penetration in Emerging Economies Particularly in Asian Region and Emergence of Advance and Effective Techniques
Key Target Audience
Aerosols Budesonide Manufactures, New Entrants and Investors, Aerosols Budesonide Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others