Press release
Evolving Market Trends In The Eosinophilic Asthma Industry: Advancements In Targeted Therapies For Severe Asthma Management
Eosinophilic Asthma
What Is the Expected Eosinophilic Asthma Market Size During the Forecast Period?
In recent times, the eosinophilic asthma market has seen a swift expansion. The market is projected to soar from $2.69 billion in 2024 to $3.17 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 17.7%. The substantial development witnessed in the past can be ascribed to factors such as amplified pollution, declining immunity levels in the population, an upsurge in the occurrence of eosinophilic asthma, a hike in the prevalence of allergens and respiratory conditions, an increase in healthcare spending, and a surge in research and development activities.
Expectations are high for a swift expansion of the eosinophilic asthma market in the coming years. It is projected to surge to $6.01 billion by 2029, with a compound annual growth rate (CAGR) of 17.4%. Factors contributing to this growth during the forecast period include the mounting number of respiratory diseases, increased recognition, and diagnosis rates, extended therapeutic applications for monoclonal antibodies, amplified healthcare investment, and the emergence of personalized medicine. Key trends within this period are set to include the advancement of targeted biologics, better diagnostic equipment, personalization of treatment methods, superior drug delivery systems, integration of digital health care technologies, and an increase in clinical trials for innovative therapies.
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What Are the High-Growth Segments in the Eosinophilic Asthma Market?
The eosinophilic asthma market covered in this report is segmented -
1) By Disease: Severe Eoisnophilic Asthma, Mild To Moderate Eosinophilic Asthma
2) By Treatment: Biologics, Bronchodilators, Corticosteroids, Immunomodulators, Other Treatments
3) By End User: Hospitals, Clinics, Other End Users
Subsegments:
1) By Severe Eosinophilic Asthma: Refractory Eosinophilic Asthma, Late-Onset Eosinophilic Asthma
2) By Mild To Moderate Eosinophilic Asthma: Early-Onset Eosinophilic Asthma, Intermittent Eosinophilic Asthma
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What Key Drivers Are Expected to Influence Future Eosinophilic Asthma Market Growth?
The increase in smoking habits is anticipated to fuel the expansion of the eosinophilic asthma market in the future. Smoking behaviors involve regular patterns of tobacco usage, including the duration, frequency, and context, often affected by psychological, social, and environmental aspects. The growth in smoking habits can be attributed to increased stress levels, targeted propaganda by tobacco companies, insufficient awareness of health risks, and the cultural acceptance of smoking in certain societies. Eosinophilic asthma treatments work to lower inflammation in the airways and improve lung function, this can promote smoking cessation by relieving the respiratory afflictions that often compel patients to persist with smoking. For instance, the National Health Service, a government department based in the UK, reported in December 2023 that hospital admissions due to smoking had risen to an estimated 408,700 in 2022-23 from 389,800 the previous year, indicating a 4.8% increase. Consequently, the escalating rates of smoking are spurring the eosinophilic asthma market.
Which Companies Hold the Largest Share Across Different Eosinophilic Asthma Market Segments?
Major companies operating in the eosinophilic asthma market are Roche Holding AG, Sanofi S.A., Bristol-Myers Squibb Company, AstraZeneca plc, Novartis AG, GSK plc, Amgen Inc., Viatris Inc., Teva Pharmaceutical Industries Limited, Boehringer Ingelheim GmbH, Regeneron Pharmaceuticals Inc., Chiesi Farmaceutici S.p.A.
What Trends Are Driving Growth in The Eosinophilic Asthma Market?
Leading enterprises in the eosinophilic asthma sector are focusing on the development of innovative pharmaceuticals designed to target certain immune pathways. These aim to lessen inflammation and enhance patient results through tailored treatment alternatives. A monoclonal antibody, a synthetic molecule created in a lab, has the potential to emulate the immune system's capacity to combat harmful pathogens like viruses and bacteria. Its production involves the fusion of a specific cell that produces antibodies with a cancer cell, resulting in the production of large amounts of uniform antibodies. For example, AstraZeneca plc, a biopharmaceutical firm based in the UK, reported in August 2024 that Fasenra had received approval from China's National Medical Products Association, a government agency in China, for severe eosinophilic asthma treatment. The condition, severe eosinophilic asthma, is typified by elevated eosinophil levels, leading to inflammation and worsening asthma symptoms. Fasenra, a monoclonal antibody, zeroes in on and eliminates eosinophils via a unique mechanism and magnifies the immune system's capacity by adhering to the IL-5 receptor on eosinophils, thereby reducing eosinophil levels in the blood and tissue. The prescribed course involves an initial loading phase, followed by maintenance doses. Patients usually receive injections every four weeks for the first three rounds of treatment, and every eight weeks afterwards.
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What Are the Emerging Geographies for The Eosinophilic Asthma Market Growth?
North America was the largest region in the eosinophilic asthma market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the eosinophilic asthma 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 Eosinophilic Asthma Market?
2. What is the CAGR expected in the Eosinophilic Asthma Market?
3. What Are the Key Innovations Transforming the Eosinophilic Asthma Industry?
4. Which Region Is Leading the Eosinophilic Asthma Market?
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