Press release
Inhalable Drug Market Poised for Strong Growth, Expected to Reach Nearly US$ 47.21 Billion by 2029
Inhalable Drug Market
The report offers a comprehensive analysis of the Inhalable Drug Market, utilizing rigorous research methodology, including data analysis and industry-validated insights. It encompasses market dynamics, trends, and profiles of key players. Competitive analysis, market segmentation, and regional growth patterns are also presented.
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What are Inhalable Drug Market Dynamics?
The rising incidence of respiratory ailments like COPD, asthma, and cystic fibrosis is a significant driver of market growth. In the US alone, asthma impacted more than 25 million individuals in 2017. The market is also being positively influenced by the increasing occurrence of non-respiratory disorders like diabetes and Parkinson's disease, particularly in the aging population.
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What is Inhalable Drug Market Segmentation?
The Inhalable Drug Market's Product sector is dominated by the Dry Powder Formulations segment:
Dry powder formulations dominated the market for inhalable medications in 2022 because they were more effective and produced superior outcomes than other types. Additionally, the formulation has a strong pipeline and a wide product range, which contribute to its dominant market dominance. The shift in manufacturers' priorities toward developing products with microscopic particles is anticipated to fuel market growth over the course of the projected period. For instance, Cipla released Niveoli in April 2021, the country's first extra-fine particle inhaler. The inhaler's inclusion of hydrofluoroalkane (HFA) and beclomethasone-formoterol in patients with COPD and asthma ensures focused delivery to the small airways.
The category for respiratory diseases is projected to support the expansion of the market for inhalable drugs.
With a market share of 41.6% in 2022, the category for respiratory illnesses controlled the market's expansion. Inhalable drugs are frequently used to treat chronic respiratory illnesses like asthma, COPD, and bronchospasm as well as non-respiratory illnesses like diabetes and Parkinson's disease. Combination therapy of Inhaled Corticosteroid (ICS), Long-Acting Muscarinic Antagonist (LAMA), and Long-Acting 2 Adrenoceptor Agonist (LABA) is widely used for the treatment of COPD and asthma due to its effectiveness, capacity to reduce pulmonary inflammation, and reduced need for hospitalization.
Because of this, numerous pharmaceutical firms have created combination medications. For instance, the US Food and Drug Administration approved the combination drug Trelegy Ellipta in September 2017.
1 Global Inhalable Drug Market, by Product (2022-2029)
• Aerosol
• Dry Powder Formulation
• Spray
2 Global Inhalable Drug Market, by Application (2022-2029)
• Respiratory Diseases
• Non-Respiratory Disease
3 Global Inhalable Drug Market, by Distribution Channel (2022-2029)
• Hospital Pharmacy
• Pharmacy Stores
• Other
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Who are Inhalable Drug Market Key Players?
1. Teva Pharmaceutical Industries Ltd
2. Cipla Inc
3. Amneal Pharmaceuticals Inc
4. Glenmark Pharmaceuticals Inc
5. AstraZeneca
6. Vectura
7. Sanofi
8. Mylan
9. Mundipharma
10. GlaxoSmithKline
11. Boehringer Ingelheim International GmbH
12. Sunovion Pharmaceuticals, Inc.
13. Philips Healthcare
14. CareFusion Corporation
15. Roche Diagnostics
16. Regeneron
17. Genentech, Inc.
18. Sumitomo Dainippon
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Regional Insights:
North America takes the lead in the inhalable drug market, with active government initiatives, awareness campaigns, and a growing focus on COPD treatment alternatives. The Asia Pacific region is expected to experience the fastest growth due to improved healthcare infrastructure, increasing patient awareness, and rising disposable income. Furthermore, medical tourism and market entries by global players are contributing to the growth potential in this region.
Key Offerings:
Past Market Size and Competitive Landscape (2017 to 2022)
Past Pricing and price curve by region (2017 to 2022)
Industrial Manipulator Market Size, Share, Size Forecast by different segment | 2023-2029
Industrial Manipulator Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Industrial Manipulator Market Segmentation - A detailed analysis by Type, Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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