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Strong Growth Ahead: Asthma Drugs Market Size To Grow At Arecord 6.2% Cagr By 2029
Asthma Drugs
How Big Is the Asthma Drugs Market Size Expected to Be by 2034?
The Asthma Drugs Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Asthma Drugs Market Size Expected to Be by 2034?
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What Are the Emerging Segments Within the Asthma Drugs Market?
The asthma drugs market covered in this report is segmented -
1) By Type Of Asthma: Allergic, Non-Allergic
2) By Asthma Trigger Type: Adult-Onset Asthma, Child-Onset Asthma, Cough-Induced Asthma, Exercise-Induced Asthma, Occupational Asthma, Nocturnal Asthma, Steroid-Resistant Asthma
3) By Therapy: Preventive, Curative
4) By Drug Class: Bronchodilators, Monoclonal Antibodies, Anti-Inflammatory Drugs, Combination Drugs
5) By End-User: Asthma Patients, COPD Patients
Subsegments:
1) By Allergic: Inhaled Corticosteroids (ICS), Leukotriene Receptor Antagonists (LTRAs), Monoclonal Antibodies
2) By Non-Allergic: Short-Acting Beta Agonists (SABAs), Long-Acting Beta Agonists (LABAs), Oral Corticosteroids
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What Long-Term Drivers Are Shaping Asthma Drugs Market Trends?
The escalating occurrence of asthmatic conditions is anticipated to drive the expansion of the asthma drug market in the coming time. Asthma is a chronic ailment characterized by inflammation and swelling of the air passages, which results in narrowing of these passages transporting air from the nasal and oral region to the lungs. Due to the rise in asthma incidences, there is an upsurge in the discovering of new asthma medications to manage these asthmatic conditions. For instance, as per the data from Asthma + Lung UK - a charity in England that aids individuals with lung diseases, stated in April 2024, there were 1,146 asthma-related casualties in England, as per the 2021 records. This tally escalated in 2022 to 1,236, displaying a worrisome increase in deaths linked with this condition throughout the year.
Who Are the Top Competitors in Key Asthma Drugs Market Segments?
Major companies operating in the asthma drugs market include Pfizer Inc., Roche Holding AG, Merck & Co. Inc., Bayer AG, Sanofi S.A., AstraZeneca PLC., GlaxoSmithKline PLC., Boehringer Ingelheim International GmbH, Teva Pharmaceutical Industries Ltd., Novartis International AG, Mylan N.V., Cipla Limited, Chiesi Farmaceutici S.p.A., Sun Pharmaceutical Industries Limited, Hikma Pharmaceuticals, Mundipharma International Limited, Lupin Limited, Glenmark Pharmaceuticals Limited, Hetero Drugs Limited, Alembic Pharmaceuticals Limited, Sunovion Pharmaceuticals Inc., Amphastar Pharmaceuticals Inc., Beximco Pharmaceuticals Ltd, Innoviva Inc., Vectura Group, Circassia Group PLC, Pulmatrix Inc., Atopix Therapeutics Limited
What Asthma Drugs Market Trends Are Gaining Traction Across Different Segments?
Prominent businesses in the asthma drugs market are concentrating on progressive advancements, like the development of fixed-dose combination (FDC) drugs, to improve the effectiveness of treatments and patient compliance. A fixed-dose combination (FDC) drug is one that comprises two or more active constituents merged in one dosage form, such as a tablet, capsule, or inhaler. For example, Glenmark Pharmaceuticals, a company based in India, rolled out a fixed-dose combination (FDC) medication known as Indamet in June 2022 for patients in India struggling with uncontrolled asthma. This ground-breaking treatment merges Indacaterol, a long-lasting beta-agonist, with Mometasone Furoate, an inhaled corticosteroid, available in diverse strengths, like Indacaterol 150 mcg blended with Mometasone at 80 mcg, 160 mcg, and 320 mcg. Crafted for administration once a day, Indamet is meant to benefit adults and adolescents aged 12 years and above.
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Which Regions Are Becoming Hubs for Asthma Drugs Market Innovation?
North America was the largest region in the asthma drugs market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the asthma drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Asthma Drugs Market?
2. What is the CAGR expected in the Asthma Drugs Market?
3. What Are the Key Innovations Transforming the Asthma Drugs Industry?
4. Which Region Is Leading the Asthma Drugs Market?
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