About Asthma Therapeutics
Changing lifestyles that effect the occurrences of asthma will help to boost global asthma therapeutic market. Asthma is a type of chronic disease of airways of the lungs. Categorized by several symptoms including bronchospasm, and pulmonary airway obstructions. There are various symptoms of asthma including cough, shortness of breath, wheezing and chest tightness. The symptoms can be prohibited by avoiding exposure to allergens and irritants.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
CAGR | 2.2% |
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 European Players will contribute the maximum growth to Global Asthma Therapeutics 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.
AstraZeneca Plc (United Kingdom), Philips Healthcare (Netherlands), Teva Pharmaceutical Industries Ltd. (Israel), CareFusion Corporation (United States), GlaxoSmithKline Plc (United Kingdom), Sanofi-Aventis SA (France), Sunovion Pharmaceuticals, Inc. (United States), Roche Diagnostics (Switzerland), Boehringer Ingelheim GmbH (Germany) and Merck & Co., 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 coverage are Novartis AG. (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Asthma Therapeutics market by Type (Dry Powder Inhalers, Metered Dose Inhalers, Mist Inhalers and Nebulizer) and Region.
On the basis of geography, the market of Asthma Therapeutics 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, Switzerland, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Israel, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Route Of Administration, the sub-segment i.e. Inhalation will boost the Asthma Therapeutics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Drug Class, the sub-segment i.e. Anti-Inflammatory Drugs will boost the Asthma Therapeutics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Relief Time, the sub-segment i.e. Quick-Relief Medications will boost the Asthma Therapeutics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Incidences of Respiratory Diseases Coupled and Upsurging Healthcare Expenditure
Market Growth Drivers:
Growing Amount of Pollution All Over the World and Rise in the Number of Smokers
Challenges:
Lack of Patient Acquaintance with the Standard Therapies
Restraints:
Costly Medications of Asthma Therapeutics
Opportunities:
Huge Demand for Diagnostic Tools to Deliver a Reliable Diagnosis Of Asthma In Young Children and The Innovation of New Drugs
Market Leaders and their expansionary development strategies
On 8th July 2021 - Royal Philips, a global leader in health technology, and Cognizant, a world-leading professional services firm, today announced a new collaboration to develop end-to-end digital health solutions that will enable healthcare organizations and life sciences companies to improve patient care and accelerate clinical trials., On 28th June 2021 - Teva Pharmaceutical Industries Ltd. (NYSE: and TASE: TEVA) and Bioeq AG announced that they have entered into a strategic partnership for the exclusive commercialization of Bioeq's FYB201, a biosimilar candidate to Lucentis (ranibizumab) in Europe, Canada, Israel and New Zealand. and 20th December 2018, AstraZeneca has announced that the European Commission (EC) has approved Bevespi Aerosphere (glycopyrronium/formoterol fumarate) in a pressurized metered-dose inhaler (pMDI) as a maintenance dual bronchodilator treatment to relieve symptoms in adult patients with chronic obstructive pulmonary disease (COPD).
February 2023 New data on the Digihaler system, a US affiliate of Teva Pharmaceuticals USA, Inc., Teva Pharmaceutical Industries Ltd., presented at the American Academy of Allergy, Asthma and Immunology (AAAI) 2023 Annual Meeting, February 24-27 has been announced. in San Antonio, Texas. The data includes the results of the CONNECT2 clinical trial program and the actual use of smart inhaler systems by patients and healthcare professionals.
Guidelines for the Diagnosis and Management of Asthma (EPR-3) are a set of recommendations for ideal asthma management. EPR-3 provides guidance for selecting treatment based on a patient's individual needs and level of asthma control. The guidelines emphasize that while asthma can be controlled, the condition can change over time and differs among individuals and by age groups. Thus, it is important to monitor the patient's level of asthma control regularly so that treatment can be adjusted as needed.
Key Target Audience
Medical Institutes, Government Research Organizations, Private Research Organizations, Government Regulatory Bodies and Others
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.