Overview and Scope
Chronic obstructive pulmonary disease (COPD) treatment refers to medical care given to a patient that helps manage the symptoms, slow the progression, and improve the overall quality of life of individuals with COPD. COPD is a progressive respiratory disease characterized by airflow obstruction, chronic inflammation, and damage to the lung tissue.
Sizing and Forecast
The chronic obstructive pulmonary disease (copd) treatment market size has grown strongly in recent years. It will grow from $20.08 billion in 2023 to $21.09 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to smoking epidemic and tobacco use, advancements in inhalation therapies, awareness programs and early diagnosis, government initiatives for respiratory health, research and development in pulmonology.
The chronic obstructive pulmonary disease (copd) treatment market size is expected to see strong growth in the next few years. It will grow to $26.06 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to personalized medicine and biomarker research, biologic therapies and targeted interventions, air quality concerns and environmental factors, global efforts for smoking cessation, collaborations for drug development. Major trends in the forecast period include digital health solutions for copd management, biologic therapies for copd, emergence of personalized medicine, combination therapies and inhalers, early diagnosis and intervention, pulmonary rehabilitation programs.
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Segmentation & Regional Insights
The chronic obstructive pulmonary disease (copd) treatment market covered in this report is segmented –
1) By Drug Class: Combination Therapy, Bronchodilators, Corticosteroids, Phosphodiesterase Type 4 Inhibitor, Mucokinetics, Other Drug Classes
2) By Type: Chronic Bronchitis, Emphysema
3) By End-User: Hospitals, Clinics, Homecare Settings
North America was the largest region in the chronic obstructive pulmonary disease (COPD) treatment market in 2023. Asia-Pacific is expected to be the global chronic obstructive pulmonary disease (COPD) treatment market report during the fastest-growing region in the forecast period. The regions covered in the chronic obstructive pulmonary disease (copd) treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing prevalence of lung disease is expected to propel the growth of the chronic obstructive pulmonary disease (COPD) treatment market. Lung disease is a disorder that affects the lungs and keeps them from functioning properly. The most common lung diseases are asthma, COPD, and lung cancer. Chronic obstructive pulmonary disease (COPD) treatment is primarily used to treat lung disease, decrease the condition’s progression, control the symptoms, and avoid lung damage by employing inhalers and drugs. For instance, in September 2022, according to the global initiative for Chronic obstructive lung disease (GOLD), a US-based non-profit organization, 3.2 million people per year die from the chronic obstructive pulmonary disease (COPD), which affects an estimated 200 million people. Additionally, asthma affected 262 million people globally in 2022. These numbers are expected to rise in the future. Moreover, in 2023, according to the LUNGevity Foundation, a US-based non-profit organization, due to lung cancer, 127,000 Americans will die in the US each year. Therefore, the increasing prevalence of lung disease is driving the growth of the chronic obstructive pulmonary disease (COPD) treatment market.
Key Industry Players
Major companies operating in the chronic obstructive pulmonary disease (copd) treatment market report are Almirall S.A., AstraZeneca plc, Boehringer Ingelheim International GmbH, F. Hoffmann-La Roche Ltd., GlaxoSmithKline plc, Novartis AG, Teva Pharmaceutical Industries Ltd., Astellas Pharma Inc., Abbott Laboratories, Chiesi Farmaceutici S.p.A, Mylan N.V., Orion Corporation, Sunovion Pharmaceuticals Inc., Dr. Reddy’s Laboratories Ltd., Circassia Group PLC, Kyowa Kirin Co. Ltd., Sanofi S.A, Theravance Biopharma Inc., Verona Pharmaceuticals plc, Alcon Laboratories Inc., Amgen Inc., Apotex Inc., Aurobindo Pharma Limited, Biocon Limited, Biogen Inc., Bristol-Myers Squibb Company, Cipla Limited, Eli Lilly and Company, Glenmark Pharmaceuticals Limited, Hikma Pharmaceuticals plc, Lupin Limited, Meda AB, Mundipharma International Limited, Pfizer Inc.
The chronic obstructive pulmonary disease (copd) treatment market report table of contents includes:
1. Executive Summary
2. Chronic Obstructive Pulmonary Disease (COPD) Treatment Market Characteristics
3. Chronic Obstructive Pulmonary Disease (COPD) Treatment Market Trends And Strategies
4. Chronic Obstructive Pulmonary Disease (COPD) Treatment Market – Macro Economic Scenario
5. Global Chronic Obstructive Pulmonary Disease (COPD) Treatment Market Size and Growth
….
31. Global Chronic Obstructive Pulmonary Disease (COPD) Treatment Market Competitive Benchmarking
32. Global Chronic Obstructive Pulmonary Disease (COPD) Treatment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Chronic Obstructive Pulmonary Disease (COPD) Treatment Market
34. Chronic Obstructive Pulmonary Disease (COPD) Treatment Market Future Outlook and Potential Analysis
35. Appendix
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