Asthma Drugs Market Trends, Size, Segment and Industry Growth by Forecast to 2028

The Asthma Drugs Market is projected to reach US$ 34,136.10 million in 2028 from US$ 24,239.17 million in 2021; it is estimated to grow at a CAGR of 5.0 % during 2021-2028.Asthma is a lung disease that affects people of all ages. It produces wheezing and makes breathing difficult. Exposure to an allergy or irritant, infections, exercise, emotional stress, and other conditions are all potential triggers. When the symptoms of asthma become unbearable, an asthma attack ensues. Attacks can happen out of nowhere and range from mild to life-threatening. Asthma is managed with rescue inhalers to treat symptoms and controller inhalers that prevent symptoms. Severe cases may require longer-acting inhalers that keep the airways open (formoterol, salmeterol, tiotropium) and inhalant steroids. Asthma medication comes in several forms, including tablets, injections, liquids, and inhalers, and it falls into two groups, such as bronchodilators and anti-inflammatories.

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The List of Companies-

AstraZeneca
TEVA PHARMACEUTICAL INDUSTRIES LTD.
GlaxoSmithKline plc
Boehringer Ingelheim International GmbH
Merck & Co., Inc.
Koninklijke Philips NV
Sanofi
Pfizer Inc.
Novartis AG
Abbott

The research provides answers to the following key questions:

What is the estimated growth rate of the market for the forecast period 2022-2028? What will be the market size during the estimated period?
What are the key driving forces responsible for shaping the fate of the Asthma Drugs Market during the forecast period?
Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Asthma Drugs Market?
What are the prominent market trends influencing the development of the Asthma Drugs Market across different regions?
What are the major threats and challenges likely to act as a barrier in the growth of the Asthma Drugs Market?
What are the major opportunities the market leaders can rely on to gain success and profitability?

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Asthma Drugs Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Asthma Drugs Market segments and regions.

Segments-

Based on route of administration, the asthma drugs market is segmented into inhaled, prefilled syringe/vials, and others. In 2021, the inhaled segment held the largest share of the market; however, prefilled syringe/vials segment is estimated to register the highest CAGR of 7.4% in the market during the forecast period. Asthma inhalers are the most popular and effective method of administering asthma medication into the lungs. They come in various shapes and sizes and work in various ways. Some only provide one type of drug, and others have two drugs. There are two types of inhalers, including metered-dose inhalers and dry powder inhalers.

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Asthma Drugs Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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