Press release
Burgeoning Demand Fuels the Anti-Asthmatics And COPD Drugs Market, to Reach $107.01 Billion by 2029 at 5.6% CAGR
Anti-Asthmatics And COPD Drugs Market Size
What Is The Projected Market Size Of The Global Anti-Asthmatics And COPD Drugs Market And Its Growth Rate?
• Market size in 2024: $80.82 billion
• Market size in 2025: $86.11 billion (CAGR of 6.6%)
• Market size in 2029: $107.01 billion (CAGR of 5.6%)
The strong growth can be attributed to increased prevalence of respiratory diseases, increased incidence of tobacco smoking, global warming, geriatric population, emerging markets, new methods for drug discovery, and rise in healthcare expenditure.
What Is Driving The Growth In The Anti-Asthmatics And COPD Drugs Market?
Modifiable risk factors, namely smoking, lack of physical exercise, and unhealthy eating habits are key drivers for the anti-asthmatics and COPD drugs market. Although smoking prevalence is declining globally, it is on the rise in developing countries like China, India, Indonesia, and Nigeria. For instance, by 2025, the number of tobacco smokers is projected to increase by 24 million in Indonesia and 7 million in Nigeria, and more than 40% of global cigarette consumption is concentrated in China. Furthermore, consumption of fats, which is a risk factor for asthma and COPD, is higher in high-income countries including the USA and Europe. According to WHO, in developed countries, over 35% of total energy requirement is derived from fats when compared to less than 20% in low-income countries and less than 25% in lower-middle-income countries.
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Who Are the Key Players Driving Anti-Asthmatics And COPD Drugs Market Growth?
• GlaxoSmithKline plc
• AstraZeneca plc
• Boehringer Ingelheim GmbH
• F. Hoffmann-La Roche Ltd.
• Novartis AG
• Sanofi S.A.
• Chiesi Farmaceutici S.p.A.
• Teva Pharmaceutical Industries Limited
• Merck & Co. Inc.
• Sumitomo Dainippon Pharma Co. Ltd.
• China National Pharmaceutical Group Co. Ltd. (Sinopharm)
• Shanghai Acebright Pharmaceuticals Group Co. Ltd.
• Jiangsu Hengrui Medicine Co. Ltd
• Hanmi Pharmaceutical
• Cipla Limited
• Aurobindo Pharma Limited
• KYORIN Holdings Inc.
• Nichi-Iko Pharmaceutical Co. Ltd.
• Otsuka Pharmaceutical Co. Ltd.
• Daewoong Pharmaceutical Co. Ltd
• Shanghai Anovent Pharma
• China Meheco Group Co. Ltd.
• Lupin Limited
• ASGEN Pharmaceutical Co. Ltd
• Abbott Laboratories
• Pfizer
• Vectura Group
• Bristol Myers Squibb
• Apotex Inc.
• EMS Pharma
• Hypermarcas
• Ache
• Eurofarma
• Bayer
• Biolab Farmaceuticad
• Cristalia
• Libbs
• Julphar
• Neopharma
• Adcock Ingram
• Aspen Nigeria
What Are The Key Trends In The Anti-Asthmatics And COPD Drugs Market?
• Developing probiotic drugs for asthma
• Developing anti-il-5 drugs to expand their business portfolio
• Launching new innovative products for market position establishment
• Investing more in developing bioelectric medicines
• Focus on increasing the number of collaborations
• Providing customize treatments
• Developing combination drugs for better results
• Developing biologics to capitalize on the growing demand for biologics
What Are The Segments Of The Global Anti-Asthmatics And COPD Drugs Market?
1) By Drug Class: Bronchodilators, Anti-Inflammatory Drugs, Monoclonal Antibodies, Combination Drugs
2) By Distribution Channel: Hospital Pharmacies, General Pharmacies, Online Retailers
3) By End User: Asthma Patients, COPD Patients
4) By Therapy: Preventive, Curative
5) By Route Of Administration: Oral, Inhaled, Intravenous, Subcutaneous
6) By Age Group: Below 5, 5-14, 15-60, Above 60
Which Region Leads The Anti-Asthmatics And COPD Drugs Market?
North America was the largest region in the anti-asthmatics and COPD drugs market in 2024. However, the Middle East is expected to experience the fastest growth in the global anti-asthmatics and COPD drugs market during the forecast period. The regions covered in the anti-asthmatics and COPD drugs market report comprise Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Anti-Asthmatics And COPD Drugs Market Global Market Report?
- Market Size Analysis: Analyze the Anti-Asthmatics And COPD Drugs Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Anti-Asthmatics And COPD Drugs Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Anti-Asthmatics And COPD Drugs Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Anti-Asthmatics And COPD Drugs Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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