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Asthma Market Consumption Market Size, Status, Top Players, Trends and Forecast to 2024
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According to Centers for Disease Control and Prevention (CDC), asthma is an ordinary chronic airway disorder which is characterized by swelling of air passages that convey air from mouth and nose to lungs. Asthma is caused generally due to allergies leading to inflammation of lungs. GlaxoSmithKline Pharmaceuticals Limited and Novartis AG are developing once-a-day combination products that are longer acting than currently available drugs and more suitable for patients due to its advantage of being taken only once a day.
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Many companies are focusing on contract manufacturing outsourcing and some of the major healthcare companies have entered the asthma market in recent years. Increasing awareness about the reimbursement of timely diagnosis for asthma and accessibility of healthcare utensils for the diagnosis of asthma in rural areas are some of the major drivers for the global asthma market. With rising pollution level in urban areas of developing countries, coupled with strengthening healthcare services in these countries, the global asthma market is expected to increase in the coming years.
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Some of the major competitors of global asthma market are, Ono Pharmaceutical Co., Ltd., GlaxoSmithKline plc, Teva Pharmaceutical Industries Ltd. Merck & Co., Inc., Astrazeneca plc, Sunovion Pharmaceuticals, Inc., Novartis AG, Boehringer Ingelheim GmbH, Koninklijke Philips N.V., and F. Hoffmann La-Roche Ltd.
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