What is Respiratory Drugs Market?
Currently, more than 25 million people in the United States have asthma. Approximately 14.8 million adults have been diagnosed with COPD, and approximately 12 million people have not yet been diagnosed. Respiratory drugs are used to relieve, treat, or prevent respiratory diseases such as asthma, chronic bronchitis, chronic obstructive pulmonary disease (COPD), or pneumonia. These medicines are available in many different forms such as oral tablets, oral liquids, injections or inhalations.
The market study is being classified by Type (Antiasthmatic combinations, Antihistamines, Antitussives, Bronchodilators and Others) and major geographies with country level break-up.
GlaxoSmithKline (United Kingdom), Boehringer Ingelheim GmbH (Germany), 3M (United States), AstraZeneca plc (United Kingdom), Merck & Co., Inc. (United States), Novartis AG (Switzerland),, Omron Corporation (Japan) and Sunovion Pharmaceuticals Inc. (United States) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Global Players will contribute to the maximum growth of Global Respiratory Drugs market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Respiratory Drugs market by Type, Application and Region.
On the basis of geography, the market of Respiratory 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Prevalence of Respiratory Diseases
- Increased Pollution Around the Globe
Market Trend
- Growing Focus on Preventive Healthcare
- Increasing Number of Diagnostic Centers
Restraints
- Side Effects of the Respiratory Drugs
Opportunities
- Growing Number of Geriatric Population
- Growing Healthcare Infrastructure In Developing Regions
Challenges
In December 2019, AstraZeneca has announced that budesonide/glycopyrronium/formoterol fumarate has been approved in China for the maintenance treatment of chronic obstructive pulmonary disease (COPD). This is the first approval by the National Medical Products Administration for a triple-combination therapy in a pressurized metered-dose inhaler (pMDI), which uses the innovative Aerosphere delivery technology.
Key Target Audience
Respiratory Drug Manufacturers, Raw Material Suppliers, Distributors, Government Bodies and End-users