Chronic Obstructive Pulmonary Disease (COPD) Clinical Trials Market New Horizons in COPD Treatment: A Look at the Growing Clinical Trials

Chronic Obstructive Pulmonary Disease (COPD) Clinical Trials Market worth $33.61 Bn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Chronic Obstructive Pulmonary Disease (COPD) Clinical Trials Market- (By Drug Class (Bronchodilators, Combination, Corticosteroids, Phosphodiesterase), By Type (Chronic Bronchitis, Emphysema), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Chronic Obstructive Pulmonary Disease (COPD) Clinical Trials Market is valued at US$ 19.49 Bn in 2023, and it is expected to reach US$ 33.61 Bn by 2031, with a CAGR of 7.20% during the forecast period of 2024-2031.

Chronic obstructive pulmonary disease is a range of lung disorders that cause difficulty breathing. The two basic types of chronic obstructive pulmonary disorders are emphysema and chronic bronchitis. One of the most common symptoms of COPD is difficulty breathing. One key reason projected to accelerate the industry's development and consumer demand for chronic obstructive pulmonary disease is the global increase in COPD cases.

Furthermore, the global market is likely to grow throughout the forecast period due to rising young cigarette smoking and a general increase in public awareness of the benefits of using generic medications.

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List of Prominent Players in the Chronic Obstructive Pulmonary Disease (COPD) Clinical Trials Market:

• Sunovion Pharmaceuticals, Inc. (Sumitomo Dainippon Pharma Co., Ltd.
• Teva Pharmaceutical Industries Ltd
• Pfizer Inc.
• Almirall
• Astellas Pharma
• Sanofi
• AstraZeneca
• Boehringer Ingelheim International GmbH
• CHIESI Pharmaceutics S.p.A.
• Glaxo SmithKline plc
• Mylan N.V.
• Novartis AG

Chronic Obstructive Pulmonary Disease (COPD) Clinical Trials Market Report Scope

Report Attribute Specifications
Market Size Value In 2023 USD 19.49 Bn
Revenue Forecast In 2031 USD 33.61 Bn
Growth Rate CAGR CAGR of 7.20 % from 2024 to 2031
Quantitative Units Representation of revenue in US$ Bn and CAGR from 2024 to 2031

Historic Year 2019 to 2023
Forecast Year 2024-2031
Report Coverage The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends
Segments Covered By Drug Class, Type, Distribution Channel
Regional Scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Market Dynamics:

Drivers-
The rise in COPD cases among populations worldwide is one of the key factors estimated to boost the growth and demand for the chronic obstructive pulmonary disease market. Furthermore, the rise in tobacco smoking among the youth population and increased population awareness about the use of generic drugs are likely to contribute to the growth of the market. Furthermore, an increase in healthcare spending is providing facilities in emerging nations for chronic obstructive pulmonary disease, and an increase in awareness among people in developing and undeveloped countries is expected to boost market growth.

Challenges:
COPD is a chronic disease that frequently necessitates long-term care and specialist treatment, both of which are costly. Furthermore, many COPD patients have other comorbidities, which raises healthcare costs even further. For many patients, the expense of COPD treatment is a major obstacle to access, particularly in poor countries with high healthcare expenditures and limited insurance coverage. This results in illness underdiagnosis and undertreatment, which has a wrong impact on patient outcomes and quality of life.

North America Dominates COPD Clinical Trials Market
North America is anticipated to hold a significant share and experience rapid growth in the Chronic Obstructive Pulmonary Disease (COPD) clinical trials market.

This dominance is driven by several factors:
• Favorable Environment: Supportive regulatory frameworks and the presence of leading pharmaceutical companies create an ideal landscape for clinical research.

• Advanced Healthcare Infrastructure: A sophisticated healthcare system with established COPD diagnosis, treatment, and management protocols facilitates efficient trial execution.

• High COPD Prevalence: The widespread presence of COPD, affecting around 16 million people in the United States alone, fuels the demand for new treatment options and clinical trials.

The extensive network of clinics, pharmacies, and hospitals offering COPD treatments further strengthens North America's position in the COPD clinical trials market.

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Recent Developments:

• In March 2023, A Phase 3 clinical trial for chronic obstructive pulmonary disease was successfully concluded by Sanofi and Regeneron with their anti-inflammatory medication. This accomplishment presents Dupixent, the medication, with the chance to become the inaugural biologic therapy to obtain authorization for the condition.

• In April 2022, GlaxoSmithKline Pharmaceuticals introduced Trelegy Ellipta for people with COPD. Trelegy Ellipta is India's first once-daily single-inhaler triple treatment (SITT) for COPD patients.

Segmentation of Chronic Obstructive Pulmonary Disease (COPD) Clinical Trials Market-

By Drug Class -
• Bronchodilators
• Combination
• Corticosteroids
• Phosphodiesterase

By Type
• Chronic Bronchitis
• Emphysema

By Distribution Channel
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

By Region-
North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America


Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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