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Cough Hypersensitivity Syndrome Market Size, Trends, Forecast And Strategies 2024-2033
Cough Hypersensitivity Syndrome Market Size
According to The Business Research Company's, the acute respiratory distress syndrome (ards) market size has grown rapidly in recent years. It will grow from $1.17 billion in 2023 to $1.29 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to advancements in critical care medicine, aging population, pulmonary rehabilitation, multidisciplinary care teams.
The acute respiratory distress syndrome (ards) market size is expected to see rapid growth in the next few years. It will grow to $1.93 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to global healthcare preparedness, vaccine development and infectious disease management, telemedicine and remote monitoring, patient-centered care models. Major trends in the forecast period include artificial lung devices, personalized ventilation strategies, lung protective ventilation, drug therapies for ards subtypes.
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Market Drivers and Trends:
The rising prevalence of chronic respiratory diseases is expected to propel the growth of the cough hypersensitivity syndrome market going forward. Chronic respiratory diseases (CRDs) refer to a group of long-term diseases that affect the airways and lungs, leading to persistent breathing difficulties and reduced lung function over time. Cough hypersensitivity syndrome treatment reduces discomfort, enhances respiratory health, thereby improving the quality of life for patients suffering from chronic respiratory diseases such as asthma. For instance, in June 2023, according to the Australian Institute of Health and Welfare, an Australia-based national agency, almost one-third (30%) of the Australian population, that is, 7.5 million people, are suffering from chronic respiratory diseases. Additionally, in June 2023, according to the Centers for Disease Control and Prevention, a US-based public health agency, there were 142,342 deaths from chronic lower respiratory diseases in 2021. Therefore, the rising prevalence of chronic respiratory diseases drives the cough hypersensitivity syndrome market.
Major companies operating in the cough hypersensitivity syndrome market are adopting AI-powered algorithms to sustain their position in the market. AI-powered algorithms refer to computational processes and procedures that utilize artificial intelligence (AI) techniques to perform tasks or solve problems. For instance, in April 2021, NuvoAir, a US-based digital healthcare company, launched NuvoAir Cough, a mobile app for detecting cough hypersensitivity syndrome. This is a smartphone app that tracks coughs in domestic settings and is accessible for the iOS operating system. It detects a single cough or burst of coughs using the smartphone's microphone and an artificial intelligence (AI)-powered algorithm. The AI algorithm separates coughs from other sounds using the recorded sound and provides the results back to the user and their clinical physician.
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Major Key Players of the Market: Pfizer Inc., Johnson and Johnson Ltd., F. Hoffmann-La Roche AG, Bayer AG, Novartis AG, Merck and Co Inc., Sanofi S.A., Bristol-Myers Squibb Company, AstraZeneca Plc., GlaxoSmithKline PLC, Takeda Pharmaceutical Company Limited, Boehringer Ingelheim GmbH, Wyeth Pharmaceuticals Inc., AstraZeneca Pharmaceuticals LP, Teva Pharmaceutical Industries Ltd., Mylan N.V., Lupin Limited, Cadila Pharmaceuticals, Almirall S.A., Akorn Operating Company LLC, Kudco Ireland Ltd., Prestige Consumer Healthcare Inc., GMP Laboratories of America Inc., The Betty Mills Company, Acura Pharmaceuticals Inc.Cough Hypersensitivity Syndrome Market 2024 Key Insights:• The cough hypersensitivity syndrome is expected to grow to $13.51 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
• Growing Prevalence Of Chronic Respiratory Diseases Boosts The Cough Hypersensitivity Syndrome Market
• Rising Cigarette Smokers Boost Cough Hypersensitivity Syndrome Market Growth
• North America was the largest region in the cough hypersensitivity syndrome market in 2023
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