The report is titled as ‘Asthma Drugs Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Asthma Drugs market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The Asthma Drugs market is expected to grow at a significant rate in the near future.
The global asthma drugs market is estimated to reach at a value of US$ 24.0 Bn by the end of 2022 and expected to reach at a value of US$ 36.3 Bn by 2030 with a significant CAGR of 5.3%
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Asthma Drugs Introduction
Asthma is basically an inveterate respiratory ailment obstructing the respiratory tracts of the lungs owing to the mucus production, inflammation, and contraction of muscles. Also, Chronic Obstructive Pulmonary Disease (COPD) is further a chronic ailment induced by blockage in the respiratory tracts leading to trouble in breathing, with the main reason being smoking tobacco.
Asthma Drugs Market Dynamics
One of the major factors that is accelerating the demand of asthma drugs across the global markets is the rapidly growing prevalence of asthma and COPD patients across the world. In addition to that, the rapid growth in the geriatric population across the globe along with numerous technological advancements in the healthcare sector is also playing a positive role in boosting the demand of asthma drugs across the market.
Moreover, growth in pipeline products as well as rise in numerous initiatives commenced by the regulatory bodies and non-government associations in order to spread health awareness are some other essential factors that also positively fuel the growth of the global asthma drugs market in the forthcoming years.
However, the rigorous government regulatory requirements for the consent and permission of asthma and COPD drugs, which are likely to hamper the growth of the global asthma drugs market in the future years.
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Asthma Drugs Market Segmentation
The global asthma drugs market is segmented on the basis of type, application, and region
By Type
- Long-term control medications
- Quick-relief medications (rescue medications)
- Medications for allergy-induced asthma
By Application
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Asthma Drugs Market Key Players
The key participating players of the global asthma drugs market include AstraZeneca, GlaxoSmithKline, Merck, Teva, Boehringer Ingelheim, Sanofi, and Roche and Decartis, among others.
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