Canada Asthma drug Market Evolution Segmentation and Insight of Trends 2023 to 2028 with Top Countries Data

Report Overview

The Canada Asthma Drug market size stood at around USD XX billion in 2019 and is projected to reach USD XX billion by 2028, exhibiting a CAGR of XX% during the forecast period.

In Canada, it is the third most common chronic disease. the most affected people in Canada are children and asthma continues to be a major cause of hospitalization for children in Canada. At present, more than 3.8 million Canadians are living with asthma it is roughly 9.5% of the total population of Canada. 317 Canadians are diagnosed with asthma every day. Canadians have a two in five chance or a 40% risk of being diagnosed with asthma before age 40. the risk of developing asthma is greatest during childhood, with 20% of children being diagnosed as asthmatic by 12 years of age. A further 20% of individuals will be diagnosed between the ages of 12 and 40 years. The high level of air pollution and a significant number of smokers in Canada is boosting the demand for inhalers in the country.

Market Drivers

The increasing prevalence of asthma is a major driver fuelling the growth of this market in Canada. The other drivers can be considered as the increasing need for better clinical and therapeutics for asthma in the light of the covid-19 pandemic. In Canada, approximately 250 people die each year from asthma. Asthma deaths can be prevented with proper asthma education. An increasing number of product launches are expected to drive the growth of the asthma drug market. An increase in the awareness programs and initiatives to support the major pharmaceutical players to implement advanced R&D and drug development will boost this market in Canada.

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Top 5 Major Players.

The competitive landscape of asthma drugs in Canada depicts lucrative opportunities for market players. In 2020, Sanofi Canada announced that Health Canada approved a new indication for DUPIXENT® (dupilumab injection), for adults and adolescents aged 12 years and older as an add-on maintenance treatment for severe asthma with a type 2 eosinophilic phenotype or oral corticosteroid-dependent asthma.

The other prominent market players include GlaxoSmithKline PLC., Novartis International AG., Sanofi, AstraZeneca Plc., 3M Healthcare, GF Health Products, Inc., Sunovion Pharmaceuticals Inc., Inc., Baxter International, and Philips, etc.

The Canada Asthma drug Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Canada Asthma drug market. This report explores all the key factors affecting the growth of the global Canada Asthma drug market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Market Segmentation

By Treatment analysis:

Based on the treatment analysis, the market is segmented into long term control medication and quick relief medication. Since asthma is a chronic disease so the long-term segment usually dominates the market, but the other segment provides quick relief by the relaxation of airway muscles.

By Route of administration:

Based on the route of administration, the market is segmented into injectable, oral, and inhalation. The inhalation segment is anticipated to dominate the market because a significant number of products for the treatment of asthma are administered in this form. The injectable segment is estimated to experience growth in the forecasted period while the oral segment is anticipated to experience limited growth in the forecasted period.

By distribution channels:

Based on the distribution channels, the market is segmented into hospital, retail and online pharmacies. The key reason for the dominance of hospitals can be attributed to the fact that prescription of asthma can only be done in a hospital setting. Online pharmacies are anticipated to grow at a high CAGR because of the ease and convenience given to patients in terms of acquiring critical asthma medications.

 Top 5 Major Players.

The competitive landscape of asthma drugs in Canada depicts lucrative opportunities for market players. In 2020, Sanofi Canada announced that Health Canada approved a new indication for DUPIXENT® (dupilumab injection), for adults and adolescents aged 12 years and older as an add-on maintenance treatment for severe asthma with a type 2 eosinophilic phenotype or oral corticosteroid-dependent asthma.

The other prominent market players include GlaxoSmithKline PLC., Novartis International AG., Sanofi, AstraZeneca Plc., 3M Healthcare, GF Health Products, Inc., Sunovion Pharmaceuticals Inc., Inc., Baxter International, and Philips, etc.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Canada Asthma drug Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global Canada Asthma drug Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Canada Asthma drug market
Chapter 2: Exclusive Summary - the basic information of the Canada Asthma drug Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Canada Asthma drug
Chapter 4: Presenting the Canada Asthma drug Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Canada Asthma drug market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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In conclusion, the Canada Asthma drug Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and PESTLE analysis is also incorporated in the report.

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