Fortune Business Insights has published a premium research report on, titled, “Asthma Drugs Market Size, Share and Global Trend By Type (Allergic, Non-Allergic, Atopic, Non-atopic), By Drug Class (Bronchodilators, Inhaled corticosteroids, Leukotriene Antagonist, Long-acting Beta Agonists (LABAs), Biologics), By Route of Administration (Inhalation, Oral, Intravenous), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), and Geography Forecast till 2026,” the market will derive growth from recent drug advancements.
The global asthma drugs market is likely to benefit from the high prevalence of asthma in several regions across the world.
list of key companies mentioned in asthma drugs market report,
- Boehringer Ingelheim International GmbH.
- Merck & Co., Inc.
- AstraZeneca
- Novartis AG
- Abbott
- Teva Pharmaceutical Industries Ltd.
- Pfizer Inc, and others.
Asthma is a chronic disease that has a direct effect on the airways of lungs. If left unattended, the disease may lead to several respiratory problems. Asthma leads to creation of thick and sticky mucus between the pathways, thereby creating obstructions in the pathways of air transmission.
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This leads to difficulties in breathing in the patients diagnosed with the disorder. As respiration is at the core of major body functions and regulation of blood flow, the severity of the disease has opened the doors for growth of the asthma drugs market companies. Furthermore, recent drug advancements have opened up the potential for a positive future for the global asthma drugs market.
“High Number of Asthma Patients Will Offer Massive Growth Opportunities”
The report provides a brief analysis of several factors that have constituted asthma drugs market growth in recent years. Fortune Business Insights has labelled out the high number of asthma patients as one of the major growth drivers of the global asthma drugs market. The increasing awareness regarding severe side effects of the disease, combined with the recent drug advancements have opened the doors for asthma drugs market companies.
According to the World Health Organization (WHO), around 235 million people are diagnosed with asthma every year. Fortune Business Insights states that the massive patient pool will emerge as an opportunity for drug manufacturers, which in turn will subsequently aid the growth of the global asthma drugs market.
Furthermore, the growing demand for sufficing unmet patient needs, coupled with the high cost of drugs will favor the growth of the global asthma drugs market in the forthcoming ma drugs market in the forthcoming years.
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Major Segmentation includes;
By Type
- Allergic
- Non-Allergic
- Atopic
- Non-atopic
- Others (Drug-Induced Asthma, Occupational Asthma, & Cardiac Asthma)
By Drug Class
- Bronchodilators
- Inhaled corticosteroids
- Leukotriene Antagonist
- Long-acting Beta Agonists (LABAs)
- Biologics
- Others
By Route of Administration
- Inhalation
- Oral
- Intravenous
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
By Geography
“Adoption of Sedentary Lifestyle to Drive the Market in North America”
The report provides segmentation of the global asthma drugs market based on regional demographics. Among all regions, Fortune Business Insights highlights North America as the leading region in the global market. The increasing incidence of asthma in North America is a major growth driver. According to the Asthma and Allergy Foundation of America(AAFA), around 25 million people in the US are diagnosed with asthma.
The high prevalence of asthma has aided the regional companies to generate significant asthma drugs market revenue. Increasing investment in the research and development of several drugs associated with the treatment of asthma will aid the growth of the asthma drugs market in Europe.
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