Press release
Emerging Trends to Drive Inhaled Antibiotics Market Growth at 8.8% CAGR Through 2029
Inhaled Antibiotics
Inhaled Antibiotics Market Size Growth Forecast: What to Expect by 2025?
Recent years have seen robust growth in the size of the inhaled antibiotics market. It is projected to expand from $1.56 billion in 2024 to $1.66 billion in 2025, with a compound annual growth rate (CAGR) of 6.6%. This historic growth can be traced back to the support and approval from regulatory bodies, a transition from systemic to targeted delivery, growing antibiotic resistance, and an increase in respiratory infections.
How Will the Inhaled Antibiotics Market Size Evolve and Grow by 2029?
The market for inhaled antibiotics is anticipated to see substantial enlargement in the coming years, expanding to a worth of "$2.33 billion by 2029, with a compound annual growth rate (CAGR) of 8.8%. The influx of investments into research and development, broadening of clinical uses, elevating the attention towards personalized medicine, advancements in medicine formulations, and persistent concerns over antibiotic resistance are perceivable reasons for this growth in the predicted period. The forecast period is also expected to witness consistent innovations in formulations, patient-oriented strategies, greater research focus on respiratory health, shift towards more targeted therapies, and progressive developments in drug delivery systems.
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What Drivers Are Propelling the Growth of Inhaled Antibiotics Market Forward?
The rise in cases of respiratory disorders is anticipated to drive growth in the inhaled antibiotics market. Respiratory diseases, which cause harm to the lungs and airways consequently causing breathing difficulties, are on the rise. Inhaled antibiotics considerably improve lung function, delay the deterioration of lung function, increase the durations between episodes of exacerbation, and boost patients' life quality who are suffering from cystic fibrosis. For example, reports released in September 2023 by the UK Health Security Agency, a government body in the UK, indicated a 7% increase in Tuberculosis (TB) cases in England in the first half of 2023 compared to the same period in 2022. Hence, the escalating occurrence of respiratory diseases is the key driver for the inhaled antibiotics market.
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What Are the Key Trends Driving Inhaled Antibiotics Market Growth?
A surge in investments by major pharmaceutical firms towards the development of inhaled antibiotics is a notable trending phenomenon in the inhaled antibiotics market. Several prominent pharmaceutical corporations are funneling capital into inhaled antibiotics research and development to maintain their market standing. As an illustration, in August 2023, Swiss biopharmaceutical firm Spexis AG committed a $2.5 million investment towards the American commercialization of colistimethate sodium, an antibiotic inhaled by patients with Pseudomonas aeruginosa infections in cystic fibrosis. This capital injection aids the commercialization drive projected at an impressive US$90 million, and with potential top sales reaching a staggering US$300 million. Furthermore, this funding stimulates the commencement of a Phase III trial aimed at determining the safety and effectiveness of this antibiotic for cystic fibrosis treatment.
What Are the Key Segments in the Inhaled Antibiotics Market?
The inhaled antibiotics market covered in this report is segmented -
1) By Product Type: Aerosol Or Metered Dose Inhaler, Dry Powder Formulation, Spray, Other Types
2) By Application: Pneumonia, Asthma, Bronchitis, Other Applications
3) By End-User: Hospitals, Other End Users
Subsegments:
1) By Aerosol Or Metered Dose Inhaler: Levofloxacin Inhalation Solution, Tobramycin Inhalation Solution, Aztreonam Inhalation Solution
2) By Dry Powder Formulation: Dry Powder Tobramycin, Dry Powder Colistin
3) By Spray: Antibiotic Nasal Sprays, Inhaled Antibiotic Solutions
4) By Other Types: Nebulized Antibiotics, Intranasal Antibiotics
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Who Are the Key Players Shaping the Inhaled Antibiotics Market's Competitive Landscape?
Major companies operating in the inhaled antibiotics market are Gilead Sciences Inc., Lupin Limited, Insmed Inc., Savara Inc., Joincare Pharmaceutical Group Industry Co. Ltd., Pharmaxis Ltd., Teva Pharmaceutical Industries Ltd., Raptor Pharmaceutical Corporation, Altan Pharma Limited, Cipla Limited, Novartis AG, Bayer AG, Pfizer Inc., Aridis Pharmaceuticals, Bayer HealthCare, Nektar Therapeutics, Parion Sciences Inc., Zambon Group, Transave Inc., Alitair Pharmaceuticals, Synspira Therapeutics Inc., AIT Therapeutics Inc., Polyphor AG, OptiNose Inc.
What Geographic Markets Are Powering Growth in the Inhaled Antibiotics Market?
North America was the largest region in the inhaled antibiotics market share in 2024. The regions covered in the inhaled antibiotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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