Global Asthma Disease Market Outlook 2020: Opportunity and Growth Analysis - Dominated By GlaxoSmithKline Plc (UK), Regeneron Pharmaceuticals (US), Mylan N.V (US), Sanofi S.A (France), Teva Pharmaceutical Industries Ltd

New report published by Data Bridge Market Research offers insights on the "Global Asthma Disease Market". The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, restraints, current trends of the past and present times, supervisory scenario, and technological growth. A thorough analysis of these elements has been accepted for defining the future growth prospects of the Global Asthma Disease Market. This research report helps provide insights into innovations, opportunities and new development in the Global Asthma Disease Market and its connected industries. It includes vital trends and dynamics of the market at regional level for the given forecast period. "Xyz " is a practice that helps organizations to improve performance by analyzing existing organizations' problems and developing improvement plans. Organizations can leverage the services of management consultants for a variety of reasons, including external (and perhaps objective) advice and access to consultant expertise.

Global asthma disease market is rise gradually to an estimated value of USD 31.37 Billion by 2026 registering a steady CAGR of 4.3% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing, concerns regarding the health of patients, increasing pollution, consumption of tobacco and smoke.

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Key Market Players: Global Asthma Disease Market

Few of the major competitors currently working in the global asthma disease market are, GlaxoSmithKline Plc (UK), Regeneron Pharmaceuticals (US), Mylan N.V (US), Sanofi S.A (France), Teva Pharmaceutical Industries Ltd (Israel), GlaxoSmithKline Plc (UK), F. Hoffmann-La Roche Ltd (Switzerland), Pfizer Inc., Novartis AG, AstraZeneca, Abbott, Vectura Group plc, Takeda Pharmaceutical Company Limited, Boehringer Ingelheim International GmbH (Germany), Sunovion Pharmaceuticals Inc. (US), Merck & Co., Inc. (US), Eli Lilly and Company, AbbVie Inc and few among others.

Market Definition: Global Asthma Disease Market

Asthma disease is chronic inflammation disease characterized by narrowing the airways and production of excessive mucus which results in periodic or repeated attack of breathlessness and wheezing. The patient with asthma disease experience shortness of breath, chest pain, coughing, and others.

According to the global asthma report published in 2018, it was estimated that there were 339.00 million patients worldwide who were affected with asthma disease in the year 2016. The market growth is increased by growing asthmatic population, rising consumption of smoke, exposure to certain toxin or change in environment and introduction of novel therapies may increase the asthma disease drug market.

Global Asthma Disease Market By Classification Type (Mild intermittent asthma, Mild persistent asthma, Moderate persistent asthma and Severe persistent asthma), Duration of Action Type (Long-term asthma control medications, Quick-relief (rescue) medications, Long-acting beta agonists, Theophylline, Others), Route of Administration (Oral, Inhaled, Intravenous and Others), End- users (Hospitals, Homecare, Specialty Clinics, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends & Forecast to 2026

Market Drivers

Increase in prevalence rate of asthma Disease worldwide
Exposure to certain toxin or change in environment may increase the asthma disease
Chronic consumption of tobacco and smoke
Prevalence of indoor as well as outdoor allergens
Rising awareness about treatment and technological advancement is driving the growth of market
Increase in the rate of R&D initiatives is driving asthma disease drug market
Market Restraints

Effective treatment is either unavailable or unaffordable
Patent expiry from many companies and introduction of generic drugs is expected to restrain the growth if the market
Lack of awareness about clinical development and novel therapies for asthma disease treatment

Segmentation: Global Asthma Disease Market

By Classification Type

Mild intermittent asthma
Mild persistent asthma
Moderate persistent asthma
Severe persistent asthma
By Duration of Action Type

Long-term asthma control medications
Inhaled corticosteroids
Beclomethasone dipropionate
Omalizumab
Fluticasone furoate inhalation powder
Prednisone delayed-release tablets
Mometasone furoate and formoterol fumarate dihydrate
Anticholinergics
Tiotropium bromide
Leukotriene modifiers
Reslizumab
Mepolizumab
Montelukast
Long-acting beta agonists
Salmeterol
Formoterol
Arformoterol
Theophylline
Quick-relief (rescue) medications
Short Acting Beta Agonists
Albuterol sulfate
Salbutamol
Others
Ipratropium
Allergy medications
Allergy shots (immunotherapy)
Omalizumab (Xolair)
Others
By Route of administration

Oral
Inhaled
Intravenous
Others
By End users

Hospitals
Homecare
Specialty Clinics
Others

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Key Developments in the Market:

In May 2019, Regeneron Pharmaceuticals, Inc. in a collaboration with Sanofi S.A. received approval from the European Commission for Dupixent (dupilumab) for the treatment of severe asthma with type 2 inflammation in adults and adolescents 12 years and older as an add-on maintenance treatment
In October 2018, Regeneron Pharmaceuticals, Inc. in collaboration with Sanofi S.A. received FDA approval for Dupixent (dupilumab) for the treatment of moderate-to-severe asthma patient of aged 12 years and older given in combination with an eosinophilic phenotype or with oral corticosteroid-dependent asthma
In February 2019, Mylan N.V received the Abbreviated New Drug Application (ANDA) approval from the FDA for the Wixela Inhub (fluticasone propionate and salmeterol inhalation powder, USP) which is the first generic version of the GlaxoSmithKline's Advair Diskus. This drug is used for the treatment of asthma or other chronic obstructive pulmonary disease (COPD)

Competitive Analysis: Global Asthma Disease Market

Global asthma disease 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 asthma disease market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Reasons to Purchase this Report

Current and future of global asthma disease 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

Customization of the Report:

All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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