Inhalable Drugs Market Will Exhibit an Impressive Expansion by 2024-2031

The global inhalable drug market is anticipated to grow at a CAGR of 3.7% over the forecast period. The key factors that drive the growth of the market include the continuous contribution by the key players operating in the market. Johnson & Johnson Services Inc., F. Hoffmann-La Roche Ltd., Pfizer Inc., Novartis AG, Merck & Co., Inc., AstraZeneca Plc, Bausch Health Companies Inc., are some of the prominent players operating in the global inhalable drugs industry. Product launches, innovations, mergers, and acquisitions are some of the strategies adopted by the key players.

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Some of the key activities include-

• In May 2019, GlaxoSmithKline Plc added a novel drug Trelegy to its lung medicine division.
• Further, in April 2019, Cipla Ltd. announced the launch of the novel drug Niveoli. It is an extra-fine particle beclomethasone-formoterol combination hydrofluoroalkane (HFA) inhaler for adults, targeting drug delivery to the small airways. Niveoli is mainly used in the treatment of diseases such as asthma and chronic obstructive pulmonary disorder (COPD).
• Similarly, in March 2019, Breath Therapeutics announced the beginning of global Phase 3 trials for the treatment of Bronchiolitis Obliterans Syndrome (BOS) via inhalable drugs.
Thus, such activities adopted by the key players are estimated to enhance the growth of the market over the forecast period.

Inhalable Drugs Market - Segmentation

By Application

• Respiratory Diseases
• Non- Respiratory Diseases

By Route of Administration

• Nasal
• Mouth

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Inhalable Drugs Market- Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• AptarGroup, Inc.
• AstraZeneca Plc
• Bausch Health Companies Inc.
• Boehringer Ingelheim International GmbH
• Cipla Ltd.
• Hoffmann-La Roche Ltd.
• GlaxoSmithKline Plc
• Johnson & Johnson Services Inc.
• Medisol Lifescience Pvt. Ltd.
• Merck & Co., Inc.
• Mylan NV

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