The Respules Global Market Report 2023, provides comprehensive information on the respules 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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As per The Business Research Company’s Respules Global Market Report 2023, the global respules market is expected to grow from $1.57 billion in 2022 to $1.69 billion in 2023 at a compound annual growth rate (CAGR) of 8%. 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 respules market is expected to reach $2.27 billion in 2027 at a CAGR of 7.6%.
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Product innovations are a key trend gaining popularity in the respules market. Major companies operating in the respules market are focused on developing innovative products to strengthen their position in the market. For instance, in March 2020, Cipla Limited, an India-based pharmaceutical company, launched Glycohale Respules, an anticholinergic drug employed in managing chronic obstructive pulmonary disease (COPD) COPD. Emphysema, chronic bronchitis, or both are long-term (chronic) lung diseases that comprise COPD. For the long-term maintenance therapy of airflow restriction in patients with chronic obstructive pulmonary disease (COPD), including chronic bronchitis or emphysema, glycopyrrolate inhalation is recommended. This launch aids Cipla in bolstering its respiratory product line.
The respules market is segmented:
1) By Drug Type: Budesonide, Albuterol, Ipratropium Bromide, Salbutamol Sulphate And Ipratropium Bromide
2) By Dosage And Strength: 0.25 mg/2 mL, 0.5 mg/2 mL, 1mg/2 mL, Other Dosage And Strength Types
3) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Other Distribution Channels
North America was the largest region in the respules market in 2022.
The table of contents in TBRC’s respules market report includes:
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