openPR Logo
Press release

Asthma Treatment Market: Increase in Prevalence of Asthma and Rise in Awareness to Drive Market

08-18-2021 07:04 PM CET | Health & Medicine

Press release from: Transparency Market Research

Asthma Treatment Market: Increase in Prevalence of Asthma

Transparency Market Research (TMR) has published a new report on the asthma treatment market for the forecast period of 2019–2027. According to the report, the global asthma treatment market was valued at ~US$ 25 Bn in 2018, and is projected to expand at a CAGR of ~2% from 2019 to 2027.

Read Report Overview - https://www.transparencymarketresearch.com/asthma-treatment-market.html

Overview

Asthma treatment involves two main types of medications: long-term asthma control medications and quick-relief (rescue) medications.

Asthma can usually be managed with rescue inhalers (salbutamol) to treat its symptoms and controller inhalers (steroids) that prevent its symptoms. However, severe asthma cases require long-acting inhalers that keep the airways open (formoterol, salmeterol, tiotropium), as well as inhalant steroids.

Growth of the global asthma treatment market can be attributed to the increase in the number of asthma patients across the globe.

North America dominated the global asthma treatment market in 2018, and the trend is anticipated to continue during the forecast period. Increase in the adoption of combination therapy, presence of major companies operating in the asthma treatment market in the region, and the introduction of new drugs such as combination therapy and increase in use of these drugs in the near future are factors that are likely to drive the asthma treatment market in North America.

Asia Pacific is expected to be a highly lucrative market for asthma treatment.

Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=73640

Increase in Prevalence of Asthma and Rise in Awareness to Drive Market

Increase in the prevalence of asthma across the global is a major factor fueling the growth of the global asthma treatment market. The disease is increasingly affecting adults as well as the pediatric population due to genetics or environmental factors, including microbial exposure, exposure to passive smoking, and air pollution, thereby propelling the need for asthma treatment.

According to the World Health Organization, currently, 235 million people around the world are suffering from asthma, and 338,000 deaths due to asthma were reported in 2015.

As per the Centers for Disease Control and Prevention (CDC) analysis data, asthma prevalence was 7.8% in 2015, which increased to 7.9% in 2017, in North America alone.

Asthma is one of the common lifelong chronic diseases. However, currently, people are increasingly becoming aware about asthma and its treatment, thus propelling the growth of the asthma treatment market.

World Asthma Day is an annual event organized by the Global Initiative for Asthma (GINA) to improve asthma awareness and care around the world. The month of May is considered as the National Asthma and Allergy Awareness Month, to educate people and raise awareness.

Request for Analysis of COVID-19 Impact on Asthma Treatment Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=73640

Long-term Asthma Control Medications to Dominate Asthma Treatment Market

The long-term asthma control medications segment dominated the global asthma treatment market in 2018, and the trend is likely to continue during the forecast period, owing to continuous innovation in long-term therapy such as combination therapy, to provide comfort to patients and prevent symptoms.

Inhaled Route of Administration to be Promising

The inhaled segment dominated the global asthma treatment market in 2018. It is the most lucrative route of administration segment of the global asthma treatment market.

Growth of the inhaled segment can be attributed to inhaled drug therapy for asthma treatment. This is a preferred route of administration of medicine, as it is absorbed directly by the epithelium of the lungs.

Retail Pharmacies Accounted for Major Share of Asthma Treatment Market

The retail pharmacies segment dominated the global asthma treatment market, in terms of revenue, in 2018, and the trend is projected to continue during the forecast period. Increase in the number of asthma therapeutics being distributed through retail pharmacies and rise in the number of retail pharmacies in developing countries make these pharmacies a major channel of distribution.

Buy Asthma Treatment Market Report - https://www.transparencymarketresearch.com/checkout.php?rep_id=73640<ype=S

North America to Dominate Global Asthma Treatment Market

North America accounted for a major share of the global asthma treatment market in 2018, owing to the introduction of new drugs, such as the availability of combination therapy and increase in the use of these drugs, and increase in the number of asthma cases in countries such as the U.S.

The asthma treatment market in Asia Pacific is likely to expand at a high CAGR from 2019 to 2027. Significant growth of the asthma treatment market in the region can be attributed to a rise in the prevalence of asthma and increase in the demand for asthma therapeutics.

Competitive Landscape

AstraZeneca plc., Boehringer Ingelheim International GmbH, GlaxoSmithKline plc are the leading players in the global asthma treatment market.

The global asthma treatment market is fragmented in terms of number of players. Key players in the global asthma treatment market include Mylan N.V., AstraZeneca plc., Boehringer Ingelheim International GmbH, F. Hoffmann-La Roche Ltd, GlaxoSmithKline plc., Merck & Co., Inc., Novartis AG, Sanofi, Sunovion Pharmaceuticals, Inc., and Teva Pharmaceutical Industries.

New product development through robust R&D activities and mergers & acquisitions are key strategies adopted by these players to expand in the global asthma treatment market.

More Trending Reports by Transparency Market Research –

Contract Pharmaceutical Fermentation Services Market: https://www.biospace.com/article/contract-pharmaceutical-fermentation-services-market-competitive-landscape-and-key-trends/

Cardiac Arrest Treatment Market: https://www.prnewswire.com/news-releases/complications-in-covid-19-leading-to-heart-conditions-creates-unknown-opportunities-in-cardiac-arrest-treatment-market-tmr-301314737.html

Contact

Transparency Market Research,

90 State Street, Suite 700,

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Website: https://www.transparencymarketresearch.com/

About Us

Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Asthma Treatment Market: Increase in Prevalence of Asthma and Rise in Awareness to Drive Market here

News-ID: 2359582 • Views:

More Releases from Transparency Market Research

Periodontal Therapeutics Market to Exceed USD 1.1 billion by 2027, Garnering 8.8% CAGR: TMR Report
Periodontal Therapeutics Market to Exceed USD 1.1 billion by 2027, Garnering 8.8 …
The Periodontal Therapeutics Market is a vital segment within the broader dental care industry, focusing on the prevention and treatment of periodontal diseases. Periodontal diseases, such as gingivitis and periodontitis, are common inflammatory conditions affecting the gums and supporting structures of the teeth, leading to tissue damage, tooth loss, and systemic health complications if left untreated. This market encompasses a wide range of therapeutic interventions, including medications, devices, and procedures
Acupuncture Needles Market to Witness Significant Growth with Rising Demand for Traditional Therapies
Acupuncture Needles Market to Witness Significant Growth with Rising Demand for …
The global Acupuncture Needles Market is poised for substantial growth over the forecast period (2021-2031), driven by the increasing adoption of acupuncture therapy for various medical conditions and the rising preference for traditional treatment approaches. A comprehensive market analysis provides valuable insights into market size, growth trends, key players, competitive landscape, market drivers, challenges, opportunities, and future outlook. Request for a Sample of this Research Report (Use Corporate Mail ID for
Subcutaneous Immunoglobulin Market Predicted to Reach USD 12.2 billion by 2027, Recording Over a 13.1% CAGR Says, Transparency Market Research
Subcutaneous Immunoglobulin Market Predicted to Reach USD 12.2 billion by 2027, …
The Subcutaneous Immunoglobulin Market is a vital component of the immunoglobulin therapy sector, offering alternative delivery options for patients requiring regular antibody replacement. SCIG products are administered subcutaneously, allowing for convenient at-home treatment regimens and reducing the need for frequent clinic visits associated with intravenous immunoglobulin (IVIG) infusions. This market encompasses a range of SCIG formulations, including liquid and lyophilized preparations, with varying concentrations and dosing schedules to meet individual
Heat Therapy Market Poised for Growth with Innovation and Telehealth Adoption
Heat Therapy Market Poised for Growth with Innovation and Telehealth Adoption
The global Heat Therapy Market is set to experience substantial growth over the forecast period (2021-2031), driven by innovations in product development, increasing prevalence of musculoskeletal disorders, and the adoption of telehealth services. A comprehensive market analysis provides valuable insights into market size, growth trends, key players, competitive landscape, market drivers, challenges, opportunities, and future outlook. Request a Sample of Heat Therapy Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=75381&utm_source=OpenPR_Ajay&utm_medium=OpenPR Market Size and Growth Trends: The Heat Therapy Market is projected

All 5 Releases


More Releases for Asthma

Anti-Asthma Drugs Market Factors Affecting Market Growth 2018 | Key Type of Asth …
To Track and Analyze Competitive Developments such as Joint Ventures, Strategic Alliances, Mergers and Acquisitions, New Product Developments, and Research and Developments Globally. The all things added in “Global Anti Asthma Drugs Market Research Report – Forecast to 2022” – Avail Prime Report to MRFR Anti-Asthma Drugs Market - Overview With the air pollution rising around the world, the number of asthma patients is also increasing. Therefore the market for the drugs
Asthma-Pipeline Review H2 2017
ReportsWeb.com published “Asthma” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Publisher's latest Pharmaceutical and Healthcare disease pipeline guide Asthma-Pipeline Review, H2 2017, provides an overview of the Asthma (Respiratory) pipeline landscape. Asthma is a chronic disease involving the airways in the lungs. These airways, or bronchial tubes, allow
Landmark Asthma Study Demonstrates Device Choice Determines Asthma Control
Monaghan Medical Corporation understands that for those with asthma, particularly children, choosing the device that best delivers their medication is an important consideration. Plattsburgh, NY, USA -- Monaghan Medical Corporation understands that for those with asthma, particularly children, choosing the device that best delivers their medication is an important consideration. Research has shown that even when using the same metered-dose inhaler (MDI), not all valved holding chambers perform equally well.[1] A landmark
Asthma-Pipeline Review H2 2017
ReportsWeb.com published “Asthma” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Publisher's latest Pharmaceutical and Healthcare disease pipeline guide Asthma-Pipeline Review, H2 2017, provides an overview of the Asthma (Respiratory) pipeline landscape. Asthma is a chronic disease involving the airways in the lungs. These airways, or bronchial tubes, allow
Asthma Therapeutics Market to 2020 - Personalized Treatment for Severe Asthma to …
Recent Research, a leading business intelligence provider, has released its latest research report: “Asthma Therapeutics Market to 2020 - Personalized Treatment for Severe Asthma to Drive Market Growth despite Patent Expirations.” The asthma therapeutics market is forecast to grow marginally over the forecast period across the top eight developed nations, from $18.4 billion in 2013 to a projected value of $21.7 billion by 2020 at a Compound Annual Growth Rate (CAGR)
Asthma Treatment: Natural or Medicinal?
Asthma affects a lot of people all over the world yet even if it is a persistent disease, it can still be controlled and managed. There are natural ways to do it and there are those who go for the medicines prescribed by physicians. Treatment varies from person to person as there is not any cookie cutter solution to asthma. October 25, 2010 – If you are suffering asthma,