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Asthma and COPD Drugs Market : New Market Research Report Announced; Global Industry Analysis 2024

03-10-2017 08:33 PM CET | Health & Medicine

Press release from: Transparency Market Research – Pharmaceutical

Asthma and COPD Drugs Market : New Market Research Report

U.S. and China Asthma and COPD Drugs Market: Overview

Asthma is a disease characterized by recurrent attacks of coughing, chest-tightening, breathlessness, and wheezing as the airways narrow and swell that vary in severity and frequency. COPD is a disease of the lungs characterized by obstruction to airflow that interferes with normal breathing. According to the WHO, COPD accounted for over 3 million deaths in 2012, which is equal to 6% of all deaths globally in that year. Moreover, the WHO predicts that COPD will become the third most common cause of death globally by 2030. However, these statistics have already materialized in the U.S. and China, where COPD is currently said to be the third leading cause of mortality.

According to the Asthma and Allergy Foundation of America, asthma is the leading chronic disease in children in the U.S. It is also the most common reason for missed school days. Moreover, an estimated 10 people in the U.S. die from asthma each day, while 3,630 die each year. In China, the figures are worse. A large population of COPD patients goes underdiagnosed or misdiagnosed in China every year. A large proportion of these deaths are avoidable with proper treatment and care. Thus, the existence of an unmet medical need is clearly evident and is anticipated to augment the asthma and COPD drugs market.

Recommendations from Global Bodies Drive Preference for Combination Drugs

Based on drug class, in 2015, combination drugs held a prominent share of over 54% in the U.S. and China asthma and COPD drugs market. The segment is slated to witness high growth during the forecast period, which is attributed to the popularity of and preference for combination drugs. The launch of triple combination therapies currently in pipeline by companies such as Chiesi Pharmaceuticals, GSK, and Circassia is also responsible for the growth of this segment.

Both in the U.S. and China, prescription is more inclined toward combination drugs as guidelines by Global Initiative for Asthma (GINA) and Global Initiative for Chronic Obstructive Lung Disease (GOLD) recommend them as a safer option for the management of asthma and COPD.

An emerging drug class with the potential to create a prominent position in the U.S. and China asthma and COPD drugs market in the coming years is monoclonal antibodies. The launch of new products in this segment is anticipated to bolster its growth during the forecast period.

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U.S. Leading Market for Asthma and COPD Drugs; China Most Lucrative

Accounting for a massive 81.4% share in the asthma and COPD drugs market by 2016, the U.S. is the clear leader and will continue its dominance through 2024. This can be primarily attributed to greater awareness among patients and higher prices of asthma and COPD drugs. New product launches, such as FDA-approved Nucala, and a rise in awareness initiatives through apps and educational programs have helped build a strong foundation for treatment in the U.S., making it a profitable country to invest in. Pipeline studies by major players for biologics as well as combination therapies is also a key trend observed over the years. Most prominent companies view the U.S. as a value market, and thus consider it an important part of their new product launch strategy.

In terms of market size, however, the asthma and COPD drugs market in the U.S. is expected to initially decline owing to lower sales triggered by a decrease in revenue from off-patent blockbuster drugs. Nevertheless, new product launches are likely to drive the market from 2021 onward.

Although China accounts for a much smaller share in the U.S. and China asthma and COPD drugs market, it has been identified to be an extremely attractive market, expanding at an impressive CAGR of 10.0% from 2016 to 2024. This is mainly driven by higher unmet medical needs in the country and a rise in the number of asthma patients. The growing incidence of COPD can be attributed to an increase in the number of smokers. A high growth rate, coupled with a low degree of competition in the market compared to the U.S., makes China an attractive investment option for makers of asthma and COPD drugs.

Key companies in the U.S. and China asthma and COPD drugs market include GlaxoSmithKline plc, F. Hoffmann-La Roche, AstraZeneca plc, Novartis AG, Boehringer Ingelheim, and Merck and Co., Inc.

U.S. and China Asthma and COPD Drugs Market: Competitive Landscape

The competition matrix section included in the report is likely to assist the existing players to increase their market shares and new companies to establish their presence in the asthma and COPD drugs market in the U.S. and China. The report also profiles major players in the market based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Key companies profiled in the report include GlaxoSmithKline plc, F. Hoffmann-La Roche, AstraZeneca plc, Novartis AG, Boehringer Ingelheim, and Merck and Co., Inc.

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About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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