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New Study: Pulmonary Drugs Market Report

11-06-2019 02:05 PM CET | Health & Medicine

Press release from: Transparency Market Research

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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Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

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