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Reversible Airway Diseases Treatment Market Growth Drivers, Key Trends, Size, Share Analysis And Forecast To 2033
Reversible Airway Diseases Treatment Market Trends
As per the report, the reversible airway diseases treatment market size has grown strongly in recent years. It will grow from $79.43 billion in 2023 to $85.53 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The reversible airway diseases treatment market size is expected to see strong growth in the next few years. It will grow to $110.28 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
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Growing Chronic Respiratory Diseases Fuel Reversible Airway Disease Treatment Market
The growing number of chronic respiratory diseases is expected to propel the growth of the reversible airway disease treatment market going forward. Respiratory diseases are medical conditions that affect the respiratory system, which includes the lungs, bronchi, trachea, larynx, pharynx and nasal passages. Chronic respiratory disease testing and treatment allow for the early detection and diagnosis of respiratory conditions such as acute respiratory distress syndrome and help to prevent the progression by reducing the risk of complications. For instance, in February 2021, according to the data from the NCD Alliance, a Switzerland-based civil society organization, lung cancer is the leading cause of cancer death worldwide, with 2.2 million new cases and 1.8 million deaths. Furthermore, in September 2022, according to the data published by The Lancet, a UK-based book and periodic data publishing organization, 11,255 new cases of respiratory syncytial virus were recorded in 2021, which is 11.4% more compared to 9,972 cases in 2020. Therefore, the growing number of chronic respiratory diseases is expected to propel the growth of the reversible airway disease treatment market.
Rising Emphasis On Inhalation-Based Drug Forms With Equivalent Versions In Respiratory Medication Delivery
Major companies operating in the reversible airway disease treatment market are focusing on inhalational dosage forms in respiratory drug delivery to sustain their position in the market. For instance, in June 2021, Glenmark Pharmaceuticals Ltd., an India-based pharmaceutical company, launched Tiotropiu*m Bromide Dry Powder Inhaler (DPI) under the brand name Tiogiva in the UK, a bioequivalent version of Boehringer Ingelheim's Spiriva Handihaler. The product is used for treating chronic obstructive pulmonary disease (COPD), a long-term condition causing lung inflammation, damaged lung tissue and narrowing of the airways. The company plans to launch the product across Western Europe under the brand name Tiogiva in Ireland, Sweden, Finland, Norway, Tavulus in Denmark, Spain and the Netherlands and Tiotropiu*m Glenmark in Germany.
The reversible airway diseases treatment market covered in this report is segmented -
1) By Treatment : Chest X Ray; Computed Tomography (CT) Scan; Lung Therapies; Surgery Transplant; Medications
2) By Diseases: Asthma; Chronic Bronchitis; Emphysema; Cystic Fibrosis; Bronchiolitis; Other Diseases
3) By End-Users: Hospitals; Specialty Clinics; Other End-Users
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Major players in the reversible airway diseases treatment market are Pfizer Inc., F. Hoffmann-La Roche AG, Merck & Co. Inc., AbbVie Inc., Novartis AG, Sanofi S.A., GlaxoSmithKline PLC, Medtronic PLC, Eli Lilly and Company, Gilead Sciences Inc., Amgen Inc., Boehringer Ingelheim International GmbH, Viatris Inc., Teva Pharmaceutical Industries Ltd., Grifols SA, Sumitomo Dainippon Pharma Co. Ltd., Sun Pharmaceutical Industries Ltd., Drägerwerk AG & Co. KGaA, Dr. Reddy's Laboratories Ltd., Cipla Limited, Getinge AB, Hikma Pharmaceuticals PLC, Amneal Pharmaceuticals LLC, Lupin Limited, Fisher & Paykel Healthcare Corporation Limited.
Contents of the report:
1. Executive Summary
2. Reversible Airway Diseases Treatment Market Report Structure
3. Reversible Airway Diseases Treatment Market Trends And Strategies
4. Reversible Airway Diseases Treatment Market - Macro Economic Scenario
5. Reversible Airway Diseases Treatment Market Size And Growth
…..
27. Reversible Airway Diseases Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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