The Inhalation And Nasal Spray Generic Drugs Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Inhalation And Nasal Spray Generic Drugs Global Market Report 2024, The inhalation and nasal spray generic drugs market size has grown strongly in recent years. It will grow from $28.01 billion in 2023 to $30.06 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to rising respiratory disorders, cost-effective alternatives, government initiatives to promote generics, market entry of generic manufacturers, generic switching policies, regulatory support for generics..
The inhalation and nasal spray generic drugs market size is expected to see strong growth in the next few years. It will grow to $40.32 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to growing aging population, expanding generic pipeline, pharmacy and retailer initiatives, global respiratory disease burden, biosimilar competition, patient preference for generic alternatives.. Major trends in the forecast period include advancements in inhalation drug delivery systems, focus on biosimilar nasal sprays, collaborations and partnerships, patient-centric design of inhalers, shift towards otc nasal sprays..
The rising incidence of chronic respiratory diseases globally is expected to propel the growth of inhalation and nasal spray generic drugs. Chronic respiratory conditions affect the lungs’ airways and other structures. in June 2023, according to The Centers for Disease Control and Prevention, a US based public health agency, there were 142,342 deaths in 2021 from chronic lower respiratory diseases. Additionally, in June 2023, according to the Australian Institute of Health and Welfare, a Australia-based national agency Nearly one-third (30%) of Australians, or 7.5 million people, have been diagnosed with chronic respiratory diseases. Therefore, the rising incidence of chronic respiratory diseases globally will help the market grow.
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The inhalation and nasal spray generic drugs market covered in this report is segmented –
1) By Drug Class: Corticosteroids, Bronchodilators, Antihistamines, Combinations, Decongestant Sprays
2) By Indication: Asthma, Chronic Obstructive Pulmonary Disease (COPD), Allergic Rhinitis, Other Indications
3) By Patient Demographics: Geriatric Patient, Adult Patient, Pediatric Patient
4) By End-User: Hospitals, Homecare, Other End-Users
Top Major Players:
Teva Pharmaceuticals Inc
Sandoz International GmbH
Akorn Operating Company LLC
Cipla Inc.
Apotex Inc
North America was the largest region in the inhalation and nasal spray generic drugs market in 2023
Strategic partnerships and collaborations have emerged as the key trends in the market. Major players operating in the inhalation and nasal spray generic drugs market are focused on partnerships and collaborations to reinforce their position. For instance, in February 2022, Glenmark Pharmaceuticals Limited, an Indian-based integrated research-based, global pharmaceutical company, partnered with SaNOtize, a Canada-based biotech company. With this collaboration, they intend to launch the Nitric Oxide Nasal Spray (NONS) in order to treat COVID-19 in adult patients in India. Also, in July 2021, Crystec Pharma, a UK-based crystal and particle engineering company, collaborated with Iconovo to formulate new innovative compounds for dry powder inhalers. Iconovo is a Sweden-based company that offers inhalation solutions for pharmaceutical companies.
The inhalation and nasal spray generic drugs market report table of contents includes:
1. Executive Summary
2. Inhalation And Nasal Spray Generic Drugs Market Characteristics
3. Inhalation And Nasal Spray Generic Drugs Market Trends And Strategies
4. Inhalation And Nasal Spray Generic Drugs Market – Macro Economic Scenario
5. Global Inhalation And Nasal Spray Generic Drugs Market Size and Growth
……
31. Global Inhalation And Nasal Spray Generic Drugs Market Competitive Benchmarking
32. Global Inhalation And Nasal Spray Generic Drugs Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Inhalation And Nasal Spray Generic Drugs Market
34.Inhalation And Nasal Spray Generic Drugs Market Future Outlook and Potential Analysis
35. Appendix
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