Global Asbestosis Treatment Market 2020 Future Outlook and by Top key Companies Analysis || Pfizer Inc, Bristol-Myers Squibb Company, Eli Lilly and Company, AstraZeneca, Merck & Co. Inc, ONO PHARMACEUTICAL CO., LTD

The Global Asbestosis Treatment Market report is clarified in terms of examination of the cost as well as suppliers of Industry and estimating their pricing, different costs supported amid assembling and its general cost structure. The procedural information on the Global Market is given in this Global Asbestosis Treatment Market report as far as the business creation dates and measurements of the key manufacturers. The business has been witnessing focused edge and the players indulging in business methodologies, for example, merger and acquisition exercises, contract coordinated efforts and organizations to extend their underlying foundations in the worldwide market.

Market Analysis: 

Global asbestosis treatment market is growing at a substantial CAGR in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to the increasing prevalence of asbestosis, increasing exposure to asbestos particles and growing development in the healthcare expenditure and rise in investment from government, public & private organizations for the development of novel drugs.

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Key Market Players:

The key market players in the global asbestosis treatment market are Pfizer Inc, Bristol-Myers Squibb Company, Eli Lilly and Company, AstraZeneca, Merck & Co. Inc, ONO PHARMACEUTICAL CO., LTD, Aduro Biotech, Sanofi, Bayer AG, Boehringer Ingelheim International GmbH, VERASTEM, INC, Kissei Pharmaceutical Co., Ltd, Novocure, Epizyme, Inc, PharmaMar, Novartis AG among others.

Global Asbestosis Treatment Market By Asbestos Types (Chrysotile, Amosite, Crocidolite and Others), Mechanism of Action (Bronchodilators, Expectorants, Antibiotics, Corticosteroids, Analgesics and Others), Drugs (Salbutamol, Guaifenesin, Acetaminophen, Prednisone and Others), Diagnosis (Chest X-ray and CT scan), Treatment (Medication, Supplemental Oxygen and Surgery), Route of Administration (Oral, Inhalation, Intravenous and Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy Online Pharmacy), End-Users (Hospitals, Homecare, Specialty Clinics and Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) - Industry Trends and Forecast to 2026   

Key Developments in the Market

In May 2019, Novocure received the U.S FDA approval for NovoTTF-100L, a tumor treating fields (TTF) device in combination with pemetrexed plus platinum-based chemotherapy for the first-line treatment of mesothelioma. Approval of this device will provide the patients with the first U.S FDA-approved treatment for mesothelioma caused by asbestos fibers
In January 2017, Boehringer Ingelheim International GmbH received an Orphan Drug designation from the U.S FDA for its novel drug nintedanib for the treatment of mesothelioma caused by asbestos particles exposure. This designation will help in the early approval of the drug by the U.S FDA

Competitive Analysis:

Global asbestosis treatment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of asbestosis treatment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Definition: Global Asbestosis Treatment Market

Asbestosis is a chronic inflammatory lung disorder, caused from the inhalation of asbestos fibrous particles, commonly found at construction sites and industrial areas. Exposure to these fibers for longer duration can cause scarring of lung tissues and shortness of breath. No symptoms can be seen during the initial stages of exposure but continuous exposure to these particles can cause cancer in the inner lining of the lungs and show symptoms such as chest tightness, chest pain, appetite loss, dry cough, and fingertips and toes that appear wider and rounder than normal (clubbing).

According to WHO, approximately 125 million people in the world are exposed to asbestos at the workplace. In 2004, mesothelioma, asbestosis and asbestos-related lung cancer from occupational asbestos particles exposure resulted in 107,000 deaths and 1,523,000 Disability Adjusted Life Years (DALYs).

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Market Drivers

Increasing prevalence of asbestosis is driving the market growth
Increasing exposure to asbestos particles is boosting the market growth
Exposure to asbestos particles and increasing prevelance of asbestosis is acting as a market driver
Growing development in the healthcare expenditure is also enhancing the market growth
Awareness programs by the government and public organizations is accelerating the market growth
Increasing population in the mining, milling and manufacturing industries can also enhance this market growth

Market Restraints

Lack of awareness in huge number of population in developing regions is hindering the market growth
Introduction of large number of generic medicines is hampering the market growth
High cost of treatment associated with asbestosis is also restricting the market growth

Segmentation: Global Asbestosis Treatment Market

By Asbestos Types

Chrysotile
Amosite
Crocidolite
Others

By Mechanism of Action

Bronchodilators
Expectorants
Antibiotics
Corticosteroids
Analgesics
Others

By Drugs

Salbutamol
Guaifenesin
Acetaminophen
Prednisone
Others

By Diagnosis

Chest X-ray
CT Scan

By Treatment

Medication
Supplemental Oxygen
Surgery

By Route of Administration

Oral
Inhalation
Intravenous
Others

By Distribution Channel

Hospital Pharmacy
Retail Pharmacy
Online Pharmacy
Others

By End-Users

Hospitals
Homecare
Specialty Clinics

Reasons to Purchase this Report:

Current and future of global asbestosis treatment market outlook in the developed and emerging markets.
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/Countries that are expected to witness the fastest growth rates during the forecast period.
The latest developments, market shares, and strategies that are employed by the major market players.

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