Asthma is a respiratory disorder, in which there is narrowing of bronchi that leads to difficulty in breathing. Asthma patients may suffer with shortness of breath, chest tightness or pain, and wheezing sound while exhaling. Chronic Obstructive Pulmonary Diseases (COPD) is a group of respiratory disorders, which mainly includes emphysema and chronic bronchitis.
Asthma and COPD can be diagnosed by performing X-ray imaging, nitric oxide test, and sputum examination test. Asthma and COPD have broncho constricton as common symptoms and can be treated with corticosteroids, anticholinergic drugs, and long acting beta agonists. Patients that have asthma may suffer with sudden broncho constriction, generally known as asthmatic attack. Asthmatic attack can be treated with bronchodilators. In emergency conditions, broncho dilators are delivered with specially designed pump for quick relief.
The increase in prevalence of asthma globally drives the growth of asthma and COPD drugs market. For instance, according to report of Global Asthma Network published on 2020, asthma kills around 1000 people every day and affects as many as 339 million people globally. In addition, increase in awareness about the respiratory diseases in people propels the growth of asthma and COPD drugs market. The R&D in the treatment of the asthma by manufacturers and researchers also contributes in the growth of market. Furthermore, initiatives taken by respective governments to treat and improve the lifestyle of asthma & COPD patients boosts market growth. The rise in number of hospitals and well-developed healthcare infrastructure further contributes in market growth.
In addition, increase in the tobacco smoking habits in people and he rise in air pollution contribute in the growth of the asthma and COPD drugs market. However, the high cost of treatment and lack of awareness in people about asthma & COPD are expected to limit the growth of market.
The asthma and COPD drugs market is segmented on the basis of diseases, medication class, and region. By diseases, the market is divided into asthma and COPD. By medication class, the market is divided into combination drugs, inhaled corticosteroids (ics), short acting beta agonists (saba), long acting beta agonists (laba), leukotriene antagonists (lta), anticholinergics and others. By Region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include Abbott Laboratories, AstraZeneca, Boehringer Ingelheim International GmbH, GlaxoSmithKline PLC., Hoffmann-La Roche Ltd, Novartis AG, Organon, Sanofi, Teva Pharmaceutical Industries Ltd., and Vectura Group plc.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an in-depth analysis of the global asthma and COPD drugs market size along with the current trends and future estimations to elucidate the imminent investment pockets
- It offers market analysis from 2021 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market
- A comprehensive analysis of the region assists to understand the regional market and facilitate strategic business planning and determine prevailing opportunities
- The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global asthma and COPD drugs market growth
KEY MARKET SEGMENTS
By Diseases
- Asthma
- COPD
By Medication class
- Combination drugs
- Short Acting Beta Agonists (SABA)
- Long Acting Beta Agonists (LABA)
- Leukotriene Antagonists (LTA)
- Anticholinergics
- Others
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
KEY MARKET PLAYERS
- Abbott Laboratories
- AstraZeneca
- Boehringer Ingelheim International GmbH
- GlaxoSmithKline PLC
- Hoffmann-La Roche Ltd
- Novartis AG
- Organon
- Sanofi
- Teva Pharmaceutical Industries Ltd
- Vectura Group plc
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Table of Contents
Executive Summary
According to a new report titled, “Asthma and COPD drugs market by Disease and Medication Class: Global Opportunity Analysis and Industry Forecast, 2021–2030, the asthma and COPD drugs market size was valued at $32988.7 million in 2020 and is projected to reach $52049.54 million by 2030, registering a CAGR of 4.64% from 2021 to 2030.Asthma is respiratory condition marked by attacks of spasm in the bronchi of lungs, causing difficulty in breathing. It is usually connected to allergic reactions or other forms of hypersensitivity. COPD is a group of respiratory diseases, in which there is constriction of airways and difficulty or discomfort in breathing.
The asthma and COPD can be prevented and treated with drugs such as corticosteroids, short-acting beta agonists, and anticholinergic drugs. In the acute asthmatic attack, patient feels difficulty to breathe due to sudden narrowing of bronchi, generally due to allergens. In acute asthmatic attack, bronchodilators give quick relief and can be life saving for patients.
Factors that drive the growth of the asthma and COPD drugs market include the rise in number of hospitals, increase in number of asthma patients, and advancement in respiratory diseases treatment. For instance, according to World Health Organization (WHO), COPD was the third leading cause of death globally, causing 3.23 million deaths in 2019. Furthermore, government initiatives for the management of respiratory diseases contribute in the growth of the asthma and COPD drugs market.
The asthma and COPD drugs market is segmented on the basis of diseases, medication class, and region.
By diseases, the market is divided into asthma and COPD. The asthma segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to the increase in number patients suffering from asthma.
By medication class, the market is divided into combination drugs, inhaled corticosteroids (ics), short acting beta agonists (saba), long acting beta agonists (laba), leukotriene antagonists (lta), anticholinergics, and others. The combination drugs segment dominated the market in 2020, and this trend is expected to continue during the forecast period, due to high prevalence of respiratory diseases and tobacco smoking habit.
North America accounted for a majority of the global asthma and COPD drugs market share in 2020, and is anticipated to remain dominant during the forecast period. Asia-Pacific is anticipated to witness lucrative growth, owing to the increase in number of asthma and COPD patients.
The COVID-19 outbreak is anticipated to have a negative impact on the growth of the asthma and COPD drugs market as most hospitals are not operating due to COVID-19 and the ongoing lockdowns in many countries. The COVID-19 virus has serious and life-threatening impact on patients with respiratory disorders. However, a huge number of clinics and hospitals across the globe were restructured to increase the hospital capacity for the patient diagnosed with COVID-19, and this is expected to increase the diagnosis and treatment of respiratory diseases, which contributes in the market growth.
Key Findings Of Study
- On the basis of diseases, the asthma segment was the highest contributor to the market in 2020
- On the basis of medication class, combination drug segment dominated the market in 2020
- On the basis of region, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period
Companies Mentioned
- Abbott Laboratories
- AstraZeneca
- Boehringer Ingelheim International GmbH
- GlaxoSmithKline PLC.
- Hoffmann-La Roche Ltd.
- Novartis AG
- Organon
- Sanofi
- Teva Pharmaceutical Industries Ltd
- Vectura Group plc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 120 |
Published | February 2022 |
Forecast Period | 2020 - 2030 |
Estimated Market Value ( USD | $ 32988.7 million |
Forecasted Market Value ( USD | $ 52049.54 million |
Compound Annual Growth Rate | 4.7% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |