Asthma Therapeutics Market Key Futuristic, Global Trends and Size till 2028

The Asthma Therapeutics Market delivers a comprehensive study of the market, including its dynamics, structure, characteristics, Key players, growth and demand drivers, etc. As a Complete Analysis report, it covers all details inside analysis and outlook according to The Insight Partners.

Asthma is a chronic lung disease in which inflammation causes the bronchi to swell and narrow, resulting in breathing difficulties that can range from mild to life-threatening in considerable number of cases.

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The symptoms of asthma include, chest tightness, cough ,shortness of breath and wheezing. Asthma is caused by a number of environmental factors, including allergen exposure and air pollution. Asthma has been proven to have no cure, although it can be managed with early and effective asthma therapy. Anti-inflammatory drugs, corticosteroids, long-acting beta-agonists (LABA), and leukotriene modifiers are among the therapies used to treat asthma.

Segments:

- Based on product type the market is segmented as, dry powder inhalers, metered dose inhalers, mist inhalers and nebulizer.
- Based on drug class the market is segmented as, anti-inflammatory drugs, bronchodilators and combination therapy.
- Based on route of administration the market is segmented as, oral, inhaled, intravenous and subcutaneous.

Dynamics:

Drivers:

- Increasing incidences of asthma and other respiratory disorders.
- Various risk factors such as, exposure to pollution, allergens, chemicals, practicing unhealthy lifestyles such as smoking are also expected to spur the market growth.
- Presence of robust pipeline of agents to manage asthma is also expected to spur market growth during the forecast period.

Restraints:

- However, patent expiration of drugs and high cost of asthma treatment are expected to restrain market growth during the forecast period

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IMPACT OF COVID-19 ON ASTHMA THERAPEUTICS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Key Players:

Koninklijke Philips N.V
AstraZeneca
GlaxoSmithKline Plc.
Teva Pharmaceutical Industries Ltd.
Boehringer Ingelheim International GmbH
Sanofi
Cipla Inc
Intas Pharmaceuticals Ltd
Merck Sharp and Dohme Corp
F. Hoffmann-La Roche Ltd

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