The global asthma drugs market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Asthma is a chronic respiratory disease blocking the airways of lung owing to inflammation, mucus production, tighten of muscles. The use of these drugs has come up as an effective solution for the treatment of asthma, which largely contributes to the growth of this market. The demand for asthma drugs is further driven by the growing patient population, as well as the FDA approvals for the novel products and its wide acceptance among the patient population. Adding to this, rise in the aging population all over the globe, which is more prone to respiratory disorders such as asthma coupled with the surge in the pipeline products are the major factors that drive the growth of the global asthma drugs market.
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Another major trend observed in the market includes the advancement in the treatment of asthma which makes the drug delivery easier for the patients and also increasing the adherence rate of the medicines. Owing to this factor, the demand for asthma drugs has witnessed a substantial growth in the past few years, which is further expected to continue in the future. Furthermore, increasing government initiatives to control asthma, that further results in the demand for asthma drugs propel the growth of this market. These drugs are highly subjective to the regulatory approvals of various regions such as European Medical Association (EMA), the United States Food and Drugs Administration (US FDA), Conformité Européene (CE) and other regulatory authorities. Thus, the growth in initiatives implemented by the government as well as non-government associations that raise the health awareness for the disease, are likely to spur the global asthma drugs market.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Drug Class
Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape: GlaxoSmithKline Plc, Merck & Co Inc., and AstraZeneca Plc, among others.
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Global Asthma Drugs Market Report by Segment
By Drug Class
- Bronchodilators
- Anti-Inflammatory Drugs
- Monoclonal Antibodies
- Combination Drugs
Global Asthma Drugs Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
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