Global Asthma and COPD Drugs Market: Information by Disease (COPD and Asthma), Product (Long-Term Asthma Control Medications, Quick Relief Medications), Route of Administration (Oral, Inhaled), Distribution Channel (Retail Pharmacies, Hospital Pharmacies, Online Pharmacies) and Region (Americas, Europe, Asia-Pacific, Middle East & Africa) - Forecast till 2025
The COVID-19 outbreak has severely impacted the entire Asthma and COPD Drugs Market from the procurement of raw materials to production and distribution.
Asthma and COPD Drugs Market Analysis
According to Market Research Future (MRFR), the global asthma and COPD drugs market size is projected to cross USD 43,444.72 million at a CAGR of 7.90% by 2025. Asthma is a type of inflammatory condition that affects the lungs and makes it difficult to breathe. Asthma is one of the common chronic conditions that affect many people around the world. COPD or chronic obstructive pulmonary disease is the umbrella term used in a category of respiratory disorders such as emphysema and chronic bronchitis.
The rising prevalence and incidence of asthma and COPD and a strong product pipeline are expected to drive market growth. According to a survey released by the Asthma and Allergy Foundation of America in June 2019, 1 in 13 Americans has asthma. It also reported that more than 11.4 million people with asthma suffered at least one asthma attack in 2017. Rapidly evolving lifestyles and high R&D investment are also expected to drive business growth.
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Asthma and COPD Drugs Market Segmentation
Global asthma and COPD drugs market has been segmented by disease, medication, route of administration, and distribution channels.
The disease-based sector has been divided into asthma and COPD.
Based on the product, asthma and COPD market, drugs have been divided into long-term asthma control drugs and quick-relief drugs. Long-term asthma control drugs are divided into combination drugs, anticholinergics, inhaled corticosteroids, long-acting beta agonists, theophylline, and others. Combination drugs are further classified into Seretide / Advair, Symbicort, Relvar / Breo Ellipta, Flutiform, Dulera, and others. Anticholinergics were further sub-segmented to Spiriva and others. Inhaled
corticosteroids are further segmented into Pulmicort, Qvar, Flovent, and others. Quick-relief medication has been further divided into short-acting beta agonists, oral and intravenous corticosteroids, ipratropium bromide (Atrovent), and others. The short-acting beta agonists were further separated into Proair and Ventolin.
The global demand for asthma and COPD medications, depending on the route of administration, has been segmented into oral, inhaled, and other products. Across the basis of distribution networks, the global demand for asthma and COPD medicines has been segmented into specialty pharmacies, hospital pharmacies, and online pharmacies.
Asthma and COPD Drugs Market Regional Analysis
Based on the region, global asthma and COPD drugs market has been divided into the Americas, Europe, Asia Pacific, and the Middle East and Africa.
The Americas are expected to dominate the global asthma and COPD drugs market. It can be due to the increasing number of patients suffering from asthma and COPD in the region. According to the American Academy of Allergy Asthma & Immunology, about 8.3 percent of children in the US had asthma in 2016. In addition, growing health expenditure per person and increasing demand for advanced care options are also expected to drive market growth.
The European asthma and COPD drugs market is projected to be the second-largest during the review period. Increasing awareness of asthma and COPD in Europe is expected to fuel the growth of the regional sector. For example, in April 2017, the 'United Action for Allergy and Asthma' was launched in Europe to raise awareness of asthma in the continent. In addition, the prevalence of asthma and COPD is also growing in Europe, which is further accelerating market growth.
Asia Pacific is expected to be the fastest-growing asthma and COPD drugs market in the world due to increasing awareness of COPD and asthma. This is evident from the launch of a campaign by Koninklijke Philips in May 2019 to raise awareness of asthma in India on World Asthma Day. However, the high incidence of asthma and COPD also has a positive effect on market development.
Asthma and COPD Drugs Market Key Players
The key Players in the global asthma and COPD drugs market are GlaxoSmithKline plc (UK), AstraZeneca (UK), Boehringer Ingelheim International GmbH (Germany), and Chiesi Farmaceutici SpA (Italy). Collaboration, acquisition, product approval & launch and expansion were some of the main strategies adopted by players in the global asthma and COPD drug industry.
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Asthma and COPD Drugs Industry News
In April 2019, Boehringer Ingelheim invested USD 117.46 million (EUR 105 million) to expand its manufacturing facilities in Dortmund and Ingelheim for the production of its respiratory products.
In August 2018, the European Commission approved Nucala (mepolizumab) for the care of pediatric patients with serious eosinophilic asthma in the European region. This approval would help to address the high unmet needs of the European population, as the prevalence of the disease is high among children and adolescents as opposed to adults. The region also has a minimal likelihood of treating severe asthma in children
In May 2017, AstraZeneca partnered with Pieris Pharmaceuticals to create and commercialize inhaled treatments for respiratory disorders, including asthma, based on Anticalin.
We at MRFR are continuously tracking the Impact of COVID-19 pandemic on various industries within the healthcare sector that include an impact analysis over medical devices, diagnostics, pharmaceuticals, healthcare IT, insurance, medical tourism, healthcare facilities, etc. These studies help you to understand the drop and rise, owing to the impact of COVID-19 on Healthcare Market on these industries.
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