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Unveiling the Inhalable Drugs Market Trends and Growth Opportunities By 2032 || Pfizer Inc., Merck & Co. Inc., Novartis AG
Inhalable Drugs Market
The Business Research Company's Inhalable Drugs Global Market Report 2023 identifies the increasing prevalence of respiratory diseases is the major driver for the inhalable drugs market's growth in the forecast period. Respiratory diseases are medical conditions that affect the respiratory system, which includes the lungs, bronchi, trachea, larynx, pharynx, and nasal passages. Inhalable drugs are a crucial and effective treatment option for several respiratory disorders as they deliver medication directly to the lungs.
The global inhalable drugs market is expected to grow from $31.20 billion in 2022 to $33.29 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The inhalable drugs market is expected to reach $42.76 billion in 2027 at a CAGR of 6.5%.
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Major competitors in the inhalable drugs market are Pfizer Inc., Merck & Co. Inc., Novartis AG, Sanofi SA, AstraZeneca plc, GlaxoSmithKline Plc, Eli Lilly and Company, Boehringer Ingelheim International GmbH,Koninklijke Philips N.V..
A key trend in the inhalable drugs market includes product innovation. Major companies operating in the inhalable drug market are focused on advances in inhalable drugs to sustain their position in the market. For instance, in July 2022, DMV-Fonterra Excipients GmbH & Co. KG, a Germany-based pharma company, expanded its dry powder inhalation (DPI) portfolio with the launch of Lactohale 400. This new grade can be customized to meet specific pharmaceutical company needs and developed jointly with formulators to ensure patient outcomes..
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The inhalable drugs market is segmented -
1) By Product: Aerosol, Dry Powder Formulation, Spray
2) By Distribution Channel: Hospital Pharmacy, Pharmacy Stores, Other Distribution Channels
3) By Application: Respiratory Diseases, Non-Respiratory Diseases
4) By End Users: Adults, Pediatric, Geriatric
5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the inhalable drugs market.
The Business Research Company's "Global Inhalable Drugs Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Inhalable Drugs Market Include:
1. Executive Summary
2. Inhalable Drugs Market Characteristic
3. Inhalable Drugs Market Trends And Strategies
4. Inhalable Drugs Market - Macro Economic Scenario
5. Inhalable Drugs Market Size And Growth
……………
27. Inhalable Drugs Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Inhalable Drugs Market
29. Inhalable Drugs Market Future Outlook And Potential Analysis
30. Appendix
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