The Asthma Drugs Global Market Report 2023, provides comprehensive information on the asthma drugs market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global asthma drugs market size is expected to grow from $21.97 billion in 2022 to $23.05 billion in 2023 at a compound annual growth rate (CAGR) of 4.90%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of asthma drugs market is expected to reach $28.21 billion in 2027 at a CAGR of 5.18%.
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Product innovations are a key trend gaining popularity in the asthma drug market. Major companies operating in the asthma drug market are focused on developing new solutions to sustain their position in the market. For instance, in December 2021, Amgen, a US-based biopharmaceutical company, and AstraZeneca, a UK-based biopharmaceutical company, received FDA approval for their injectable drug Tezpire to alleviate the symptoms of asthma. The drug Tezpire helps to stop the inflammation that causes asthma attacks and has the potential to treat a wide range of people with severe asthma, including patients who have lacked effective treatment options in the past. The drug is the first and only biologic to reduce asthma-related exacerbations in Phase 2 and 3 clinical trials. significantly and consistently. The approval of Tezpire will enable greater benefits for this medicine for patients owing to the rising number of asthma cases.
The asthma drugs market is segmented:
1) By Type Of Asthma: Allergic, Non-Allergic
2) By Asthma Trigger Type: Adult-Onset Asthma, Child-Onset Asthma, Cough-Induced Asthma, Exercise-Induced Asthma, Occupational Asthma, Nocturnal Asthma, Steroid-Resistant Asthma
3) By Therapy: Preventive, Curative
4) By Drug Class: Bronchodilators, Monoclonal Antibodies, Anti-Inflammatory Drugs, Combination Drugs
5) By End-User: Asthma Patients, COPD Patients
North America was the largest region in the asthma drugs market in 2022.
The table of contents in TBRC’s asthma drugs market report includes:
1. Executive Summary
2. Asthma Drugs Market Characteristics
3. Asthma Drugs Market Trends And Strategies
4. Asthma Drugs Market – Macro Economic Scenario
5. Asthma Drugs Market Segmentation
…………..
26. Global Asthma Drugs Market Competitive Benchmarking
27. Global Asthma Drugs Market Competitive Dashboard
28. Key Mergers And Acquisitions In The Asthma Drugs Market
29. Asthma Drugs Market Future Outlook and Potential Analysis
30. Appendix
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