Overview and Scope
Respule, also known as respiratory medications, is a steroid used to prevent asthma attacks. The respule relieves asthma symptoms and chronic obstructive pulmonary disease (COPD), such as coughing, wheezing, and breathlessness.
Sizing and Forecast
The respules market size has grown strongly in recent years. It will grow from $1.69 billion in 2023 to $1.83 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to physician recommendations, healthcare access improvement, clinical research and development, inhalation therapy adoption, awareness campaigns, pharmaceutical industry growth.
The respules market size is expected to see strong growth in the next few years. It will grow to $2.48 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to advancements in drug formulations, biologic therapies, smart inhalers and connectivity, personalized medicine approaches, telemedicine and remote care, regulatory support for inhalation therapy. Major trends in the forecast period include sustainable manufacturing practices,remote monitoring and compliance tools, patient-centric inhalation solutions, respiratory inhalation vaccines, customizable dosage respules.
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Segmentation & Regional Insights
The respules market covered in this report 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 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the respules 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 rise in the incidence of respiratory disorders is expected to propel the growth of the respules market going forward. Respiratory disorders refer to lung diseases and illnesses, including tuberculosis, lung cancer, pulmonary hypertension, mesothelioma, cystic fibrosis, emphysema, and asthma. Respules treat various respiratory disorders, including bronchial asthma, emphysema, spasmodic stenosis, and aberrant bronchial mucus production. For instance, in June 2023, according to the Australian Institute of Health and Welfare, an Australia-based government agency, there were approximately 6,551 deaths or 135 deaths per 100,000 population caused by chronic respiratory conditions in Australia in 2021, representing 27.1% of all deaths. Furthermore, chronic obstructive pulmonary disease (COPD) accounted for 2.6% of underlying-cause respiratory deaths, respectively. Therefore, the rise in the incidence of respiratory disorders is driving the growth of the respules market.
Key Industry Players
Major companies operating in the respules market report are AstraZeneca PLC, GlaxoSmithKline PLC, Teva Pharmaceutical Industries Ltd., Mylan N.V., Sandoz International GmbH, Macleods Pharmaceuticals Ltd., Sun Pharmaceutical Industries Ltd., Aurobindo Pharma Ltd., Cipla Limited, Intas Pharmaceuticals Ltd., Lupin Limited, Cadila Healthcare Limited, Torrent Pharmaceuticals Ltd., Glenmark Pharmaceuticals Ltd., Jubilant Life Sciences Limited, Ranbaxy Laboratories Limited, Systopic Laboratories Pvt. Ltd., Ultratech India Limited, Koye Pharmaceuticals Pvt. Ltd., Amanta Healthcare Ltd., Lucky Pharmaceuticals, Medicamen Biotech Limited, Axa Parenterals Ltd., Zuche Pharmaceuticals Pvt. Ltd., Jaksh Pharma, Biochemix Healthcare Private Limited, Intra Life Pvt. Ltd., Wellona Pharmaceuticals Private Limited, Percept Pharma Limited, Eurocrit Labs, Iskon Remedies
The respules market report table of contents includes:
1. Executive Summary
2. Respules Market Characteristics
3. Respules Market Trends And Strategies
4. Respules Market – Macro Economic Scenario
5. Global Respules Market Size and Growth
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31. Global Respules Market Competitive Benchmarking
32. Global Respules Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fat Replacers Market
34. Respules Market Future Outlook and Potential Analysis
35. Appendix
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