Global Asthma Therapy Market Size, Demand, Trends, Key Players & Growth Drivers 2021-2026 – Stillwater Current
According to the latest IMARC Group report, entitled “Asthma Therapy Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026“, The global asthma treatment market reached a value of US $ 17.6 billion in 2020. In the future, the market value is expected to reach US $ 19.13 billion by 2026, with a CAGR of 1.60% in 2021-2026.
Like the new coronavirus (COVID-19[FEMALE)[FEMININE) as the crisis takes hold of the world, we are constantly monitoring changes in the markets, as well as the buying behaviors of consumers around the world – our estimates on the latest market trends and forecast values after considering the impact of this pandemic. These observations will be incorporated into the report.
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Asthma therapy includes a group of pharmaceutical drugs which are primarily used to treat asthma. The drugs help alleviate the symptoms of respiratory disease, which is usually triggered by exposure to various causative agents outdoors and indoors, including dust, allergens, pollutants, etc. Asthma treatments usually include bronchodilators and anti-inflammatory drugs, such as active beta-agonists (LABAs), methylxanthine, immunomodulators, corticosteroids, leukotriene modifiers, etc. These drugs help to expand the air passage in the lungs, which further allows the proper movement of air to improve the respiratory process. Therapeutic asthma drugs are usually administered via inhalers or nebulizers and are adopted in rapid-relief drugs and long-term asthma control therapies.
Market trends and drivers:
The increasing prevalence of asthma due to increasing levels of air pollution is currently propelling the adoption of asthma treatments. Moreover, the growing consumer awareness of the easy availability of effective asthma treatments is also catalyzing the growth of the asthma treatment market. In addition, the emergence of combination therapies for the treatment of respiratory diseases, such as asthma, is driving the demand for asthma therapies. Many pharmaceutical companies are constantly focusing on clinical trials of developing asthma drugs with superior efficacy and prolonged effect. Several other factors, including increased healthcare spending, continued upgrading of healthcare infrastructure, extensive R&D activities in the medical sector, etc., are expected to further strengthen the market in the coming years.
Asthma Therapeutics 2021-2026 Competitive Analysis and Segmentation:
Competitive landscape with key players:
The competitive landscape of the Asthma Therapeutics market has been studied in the report along with the detailed profiles of the major players operating in the market.
Some of these key players include:
- Amgen Inc.
- Dainippon Sumitomo Pharma Co. Ltd.
- Boehringer Ingelheim GmbH
- Novartis AG
- F. Hoffmann-La Roche SA
- Biogen Inc.
- Merck & Co. Inc.
- Teva Pharmaceutical Industries Ltd.
- GlaxoSmithKline plc.
Key market segmentation:
The report has segmented the global asthma treatment market on the basis of drug class, product type, treatment type, route of administration, and region.
Breakdown by drug class:
- Anti-inflammatory drugs
- Combined therapies
Breakdown by product type:
- Dry powder inhalers
- Metered-dose inhalers
- Soft mist inhalers
- Pneumatic nebulizers
- Ultrasonic nebulizers
- Mesh nebulizers
Breakage by type of treatment:
- Fast-relief medications
- Drugs for long-term asthma control
Breakdown by administration route:
Breakdown by region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Explore the full report with table of contents and list of figures: https://bit.ly/3F0x6sj
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- The impact of COVID-19 on the global market
- Value chain analysis
- Global market structure
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
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