Press release
Respules Market Report: Growing Demand and Technological Advancements Expected to Drive Market Growth
Respules Market
The respules market size is expected to see strong growth in the next few years. It will grow to $2.48 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to advancements in drug formulations, biologic therapies, smart inhalers and connectivity, personalized medicine approaches, telemedicine and remote care, regulatory support for inhalation therapy. Major trends in the forecast period include sustainable manufacturing practices,remote monitoring and compliance tools, patient-centric inhalation solutions, respiratory inhalation vaccines, customizable dosage respules.
Market Overview -
Respule, also known as respiratory medications, is a steroid used to prevent asthma attacks. The respule relieves asthma symptoms and chronic obstructive pulmonary disease (COPD), such as coughing, wheezing, and breathlessness.
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Rising Prevalence Of Respiratory Disorders To Drive Market Growth
The rise in the incidence of respiratory disorders is expected to propel the growth of the respules market going forward. Respiratory disorders refer to lung diseases and illnesses, including tuberculosis, lung cancer, pulmonary hypertension, mesothelioma, cystic fibrosis, emphysema, and asthma. Respules treat various respiratory disorders, including bronchial asthma, emphysema, spasmodic stenosis, and aberrant bronchial mucus production. For instance, in June 2023, according to the Australian Institute of Health and Welfare, an Australia-based government agency, there were approximately 6,551 deaths or 135 deaths per 100,000 population caused by chronic respiratory conditions in Australia in 2021, representing 27.1% of all deaths. Furthermore, chronic obstructive pulmonary disease (COPD) accounted for 2.6% of underlying-cause respiratory deaths, respectively. Therefore, the rise in the incidence of respiratory disorders is driving the growth of the respules market.
Competitive Landscape -
Major companies operating in the respules market report are AstraZeneca PLC, GlaxoSmithKline PLC, Teva Pharmaceutical Industries Ltd., Mylan N.V., Sandoz International GmbH, Macleods Pharmaceuticals Ltd., Sun Pharmaceutical Industries Ltd., Aurobindo Pharma Ltd., Cipla Limited, Intas Pharmaceuticals Ltd., Lupin Limited, Cadila Healthcare Limited, Torrent Pharmaceuticals Ltd., Glenmark Pharmaceuticals Ltd., Jubilant Life Sciences Limited, Ranbaxy Laboratories Limited, Systopic Laboratories Pvt. Ltd., Ultratech India Limited, Koye Pharmaceuticals Pvt. Ltd., Amanta Healthcare Ltd., Lucky Pharmaceuticals, Medicamen Biotech Limited, Axa Parenterals Ltd., Zuche Pharmaceuticals Pvt. Ltd., Jaksh Pharma, Biochemix Healthcare Private Limited, Intra Life Pvt. Ltd., Wellona Pharmaceuticals Private Limited, Percept Pharma Limited, Eurocrit Labs, Iskon Remedies
Product Innovations Transforming The Repsules Market
Major companies operating in the repsules market are developing new products such as inhalation suspensions to gain a competitive edge in the market. Inhalation suspensions refer to pharmaceutical formulations that consist of finely dispersed solid or liquid particles suspended in a liquid medium. For instance, in December 2021, The Ritedose Corporation, a US-based pharmaceutical company, launched a new single unit dose generic product for hospitals: Budesonide Inhalation Suspension (0.5 mg/2 ml). The Budesonide inhalation suspension is provided in hospital and institutional packaging, featuring 30 single-dose ampules per carton, individually wrapped and barcoded, offering hospitals a reliable and ample supply. Budesonide inhalation suspension typically contains the corticosteroid budesonide, which acts as an anti-inflammatory agent, aiding in the management of respiratory conditions by reducing inflammation and symptoms associated with diseases like asthma.
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Key Segments -
The respules market covered in this report is segmented -
1) By Drug Type: Budesonide, Albuterol, Salbutamol Sulphate
2) By Dosage And Strength: 0.25 mg/2 mL, 0.5 mg/2 mL, 1mg/2 mL, Other Dosage And Strength Types
3) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Other Distribution Channels
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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