The North American inhalable drug market is anticipated to grow at a CAGR of 2.8% over the forecast period (2020-2026). The key factors that drive the growth of the inhalable drugs industry is the rising prevalence of various respiratory and non- respiratory diseases that create the demand for inhalable drugs. Further, the increasing geriatric population who find it difficult in swallowing a drug created the demand for inhalable drugs and hence drives the market growth
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North America has a well-developed healthcare infrastructure, owing to which, the companies invest largely in the development of innovative solutions including inhalable drugs. The inclination of the people towards the sedentary lifestyle along with unhealthy eating habits such as a large number of smokers is a prime factor for the increasing prevalence of several respiratory diseases such as COPD and asthma. North America region is also an early adopter of advanced technology assuring substantial market growth.
Amongst the US and Canada in the region, the US market in North America is estimated to be a dominating region over the forecast period. Besides, the presence of several key players such as Johnson & Johnson Services Inc., and Merck & Co., Inc., Pfizer Inc., and Bausch Health Companies Inc., are also contributing to the growth of the inhalable drugs industry in North America. Thus, such aforementioned factors are likely to create a wide scope for the growth of the 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- North America
- Competitive Landscape- Pfizer Inc., Novartis International AG, GlaxoSmithKline Plc, Johnson & Johnson Services Inc., Bausch Health Companies Inc., and TFF Pharmaceuticals, Inc.
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North America 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.)
