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Pulmonary Drugs Market Expected to Attain US$ 56.2 Billion over the Projected Timeframe by 2025 | CAGR: 8.1%: Coherent Market Insights

October 7th, 2020 Coherent Market Insights Releases

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

The global pulmonary drugs market, by drug class (Inhaled Corticosteroids, Long Acting Beta-2 Agonists, Antihistamines, Vasodilators, and Others), by application (Asthma & COPD, Allergic Rhinitis, Pulmonary Arterial Hypertension, Cystic Fibrosis, and Others), by distribution channel (Hospital Pharmacies, Retail Pharmacies, and e-Commerce), and by region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa), was evaluated at US$ 28,064.5 million in 2016 and would potentially display a magnificent CAGR of 8.1% over the forecast period (2017-2025).

Get Sample PDF Brochure with Impact of COVID19: https://www.coherentmarketinsights.com/insight/request-pdf/1285

The patent expiry of branded drugs and an enormous number of drug candidates in the pipeline, resulting from extensive R&D, are imperative factors anticipated to generate innumerable growth opportunities for the leading market players participating in the global pulmonary drugs market. Escalating prevalence of respiratory diseases and chronic obstructive pulmonary diseases across the world is majorly leading to innumerable deaths, as well as physical disabilities. Thus, the prevention, treatment, and control of these conditions are the top priorities for the global healthcare sector.

According to the Forum of International Respiratory Societies, around 65 million people around the world were found to be suffering from chronic obstructive pulmonary diseases in 2016, which resulted in around 3 million deaths. The wide ambit of pulmonary diseases include pneumonia, allergic rhinitis, pulmonary hypertension, and others, which have together given rise to a gigantic economic burden on the global healthcare sector. According to the 2017 report released by the World Health Organization, Chronic Obstructive Pulmonary Diseases (COPDs) were principally accountable for about 5% of the global death toll in 2015. Furthermore, the Office of Disease Prevention and Health Promotion reported that up to 25 million people in the U.S. suffered from asthma, which led to an estimated annual expenditure of US$ 20.7 billion. Therefore, the consistently rising patient population suffering from respiratory diseases is projected to augment the global market growth over the forecast timeline.

Read Press Release: https://bit.ly/3jIJodO

Key Takeaways:

  • Asia Pacific, Latin America, the Middle East, and Africa are some of the principal revenue generators for the global pulmonary drugs market.
  • On the basis of drug class, the inhaled corticosteroids segment led the global market, owing to the numerous advantages offered by these drugs, such as lower concentration of drug delivery into the patient’s system and lower risk of side effects associated with oral steroid consumption.
  • In terms of application, the asthma and COPD segments lead the global pulmonary drugs market, owing to the rising incidence of these conditions worldwide.

Key Competitors:

The well-known and established players operating in the global pulmonary drugs market include Sanofi SA, Meda Pharmaceuticals, Circassia Pharmaceuticals Plc., AstraZenca Plc., GlaxoSmithKline Plc., Mallinckrodt Pharmaceuticals Plc., Cheisi farmaceutici S.p.A., Zambon Company S.p.A., Alaxia SAS, and Merck Sharp & Dohme Limited.

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These players are entirely focused on the development of new, innovative products, with extensive R&D on pulmonary drugs. Also, these players are looking forward to adopting various strategies, including mergers, definitive agreements, and acquisitions, to bolster their product portfolios For instance, in 2017, Sanofi SA completed the phase II clinical trials in April 2017 of new drug Dupilumab in association with Regeneron Pharmaceuticals. In 2017, Circassia Pharmaceuticals completed Phase IV clinical trials of Tudorza with a collaborative agreement between Circassia and AstraZeneca Plc. for the treatment of COPD. Furthermore, in 2016, Mylan N.V. acquired Meda Pharmaceuticals to enhance geographic reach with significant sales of products worldwide, in which China, South East Asia, and the Middle East were the major regional targets for the company.

Have a Look at Related Research Insights:

Adrenoleukodystrophy Drugs Market, by Indication (Childhood Adrenoleukodystrophy, Addison Disease, and Adrenomyeloneuropathy), by Treatment (Adrenal Insufficiency Treatment, Gene Therapy, and Dietary Supplements), By Patient Type (Adults and Pediatrics), By Distribution channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), By Indication (Childhood Adrenoleukodystrophy, Addison Disease, Adrenomyeloneuropathy) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027

Achondroplasia Treatment Market, By Drug Class (Lipase Inhibitor, Human Growth Hormone And Appetite Suppressants), By Distribution Channel (Hospitals Pharmacies, Speciality Clinics, Online Pharmacy, And Retail Pharmacy), By Patient Type (Adult And Paediatric), And By Region (North America, Latin America, Europe, Asia Pacific, Middle East, And Africa) – Size, Share Outlook, and Opportunity Analysis, 2020 – 2027

Ketorolac Market, by Indication (Fever, Inflammation, Surgery Pain, Dysmenorrhea, Others), by Formulation (Oral, Parental, Topical), by Region (North America, Latin America, Europe, Middle East, Asia Pacific, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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