The global albuterol sulfate inhalation aerosol market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The global market is growing due to the increasing prevalence of respiratory diseases such as asthma and chronic obstructive pulmonary disease. According to World Health Organization in May 2021, Asthma has affected 262 million people in 2019 and caused 461,000 deaths globally. Asthma almost affects almost 5%-10% of the global population that accounts for 23.4 million people including 7 million children. The demand for albuterol sulfate inhalation aerosol has increased substantially during the COVID-19 pandemic as doctors were prescribing this drug for the treatment of COVID-19 patients having breathing and respiratory problems. Additionally, the presence of key manufacturing companies and huge investment in research and development activities is boosting the growth of the global albuterol sulfate inhalation aerosol market in the forecast period.
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For instance, In June 2021, the US Food and Drug Administration (USFDA) has announced the approval of albuterol sulfate inhalation aerosol 90mcg for the treatment and prevention of bronchospasm and asthma above 4 years of age. In February 2020, USFDA approves the first generic version of albuterol sulfate inhalation aerosol named ProAir HFA for the treatment of asthma and other pulmonary diseases.
Market Coverage
The market number available for – 2022-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Application
By Distribution Channel
Regions Covered-
- North America
- Europe
- Asia-Pacific
Rest of the World
Competitive Landscape– Merck & Co., Inc., GlaxoSmithKline plc. , Teva Pharmaceutical Industries Ltd. among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How are playersaddressing challenges to sustain growth?
- Where is the investment opportunity?
Global Albuterol Sulfate Inhalation Aerosol Market Report by Segment
By Type
- Albuterol Sulfate Inhalation Aerosol90 mcg
- Albuterol Sulfate Inhalation Aerosol108 mcg
- Albuterol Sulfate Inhalation Aerosol120 mcg
By Application
- Children
- Adults
By Distribution Channel
- Hospitals
- Drug Stores
- Others
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