The Asia-Pacific inhalable drug market is anticipated to grow at a CAGR of 5.1% over the forecast period (2020-2026). The key factors that drive the growth of the market include the rising prevalence of asthmatic patients across the region, especially in China. The increased demand for advanced healthcare facilities in emerging economies of the region along with the increasing focus of major market players towards the development of innovative products are the prominent factors that are significantly contributing to the inhalable drug industry growth.
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Asia-Pacific comprises large low- and middle-income population base, owing to which, the people generally adopt home-based care solutions. This, in turn, accelerates the growth of the inhalable drugs as home care solutions for asthmatic patients in the region.
Moreover, the rising healthcare spending in the emerging economies of the region is expected to provide the medical solution to the poor healthcare infrastructure of some countries in the region. Besides, some other factors that drive the market growth in the region are the wide availability of inhalable drug products. Further, the increased geriatric population in countries such as China and Japan also supports market growth as these inhalable drugs are easier for an elder patient in comparison with other traditional methods such as swallowing a pill or injecting. This further aids the growth of the inhalable drug market in the region over the forecast period.
Market Coverage
· Market number available for – 2019-2026
· Base year- 2019
· Forecast period- 2020-2026
· Segment Covered- By Application and By Route of Administration
· Regions Covered- Asia-Pacific
· Competitive Landscape- Johnson & Johnson Services Inc., Teva Pharmaceuticals Industries Ltd., Sumitomo Dainippon Pharma Co. Ltd., Mylan NV, and Cipla Ltd
Key questions addressed by the report
· What is the market growth rate?
· Which segment/ country dominates the market in the base year?
· Which segment/ country will project the fastest growth in the market?
· How COVID-19 impacted the market?
· Recovery Timeline
· Deviation from the pre-COVID-19 forecast
· Most affected segment/ country
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
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Asia-Pacific Inhalable Drugs Market – Segmentation
By Application
· Respiratory Diseases
· Non- Respiratory Diseases
By Route of Administration
· Nasal
· Mouth
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
