Pulmonary Drugs Market Highly Favorable to the Growth Rate by 2016 to 2024

The pulmonary drugs market is expected to witness unprecedented growth in the near future, thanks to large number of approvals from the FDA. The FDA approved a large number of pulmonary drugs for major illnesses like small-cell lung cancer, tuberculosis, and pneumonia over the past few years. Additionally, newly approved drugs also treat newly found diseases like obstructive sleep apnea. These approvals are in line with the recent trend of FDA to streamline approvals for faster support to the pharmaceutical industry. Hence, the large number of approvals, growing areas for commercialization, and advanced approval process support are expected to drive significant growth for the pulmonary drugs market in the near future.

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Commercialisation Remains Key Challenge in Pulmonary Drugs Market

While the newly approved drugs promise to take the pulmonary drugs market to new heights, the commercialisation of some of the newer drugs remains a challenge. For example, the FDA recently approved Pretomanid, a drug developed by the TB Alliance. This drug is expected to reach several individuals who are TB-drug resistant and form a very small population.

Earlier, the mainstream drugs were limited in their reach and either resulted in side-reaction or in non-responsiveness. The newly formed drug is likely to meet several challenges faced by patients. However, thanks to a growing investment in generic drugs by major players in the pharmaceutical industry, rising demand for generic drugs in the emerging world, and long-established distribution channels. These trends are expected to result in growth for the pulmonary drugs market in the near future.

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Rising Cases of COPD to Boost Growth in the Pulmonary Drugs Market

COPD or chronic obstructive pulmonary disease is a leading cause of breathing difficulties among 16 million Americans. Moreover, rising environmental and lifestyle factors are expected to lead to a significant rise in this number in the near future. Additionally, the FDA approved a drug for chronic obstructive pulmonary disease for the long term maintenance of the disease recently. This is expected to create several new opportunities in the pulmonary drugs market in the near future and boost growth in the near future.

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This release was published on openPR.