Asthma and COPD Drugs Market 2023 – 2030 by Medication Class (Combination Drugs, Inhaled Corticosteroids (ICS), Diseases (Asthma and COPD) and Short Acting Beta Agonists (SABA), Long Acting Beta Agonists (LABA), Leukotriene Antagonists (LTA), Anticholinergics, and Others.) - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits
Industry : Healthcare | Pages : 179 Pages | Published On : Jul 2023
The market size of global asthma and COPD drugs was $32,988.7 million in 2022, and it is expected to reach $52,049.54 million by 2030, with a compound annual growth rate (CAGR) of 4.64% from 2023 to 2030. Asthma is a chronic inflammatory lung disorder characterized by recurrent episodes of wheezing, breathlessness, chest tightness, and coughing, primarily triggered by allergens and irritants. It is a reversible condition compared to other obstructive lung diseases. On the other hand, chronic obstructive pulmonary disease (COPD) is characterized by irreversible airflow limitation, including emphysema and chronic bronchitis. COPD is primarily caused by tobacco smoking, but passive smoking, occupational exposure, and air pollution also contribute to its development.
Diagnosis of asthma and COPD involves physical examinations and various tests such as X-rays, sputum eosinophils, and nitric oxide tests. Treatment options for both conditions include inhaled corticosteroids, leukotriene modifiers, and theophylline. Acute respiratory attacks can be managed with short-acting beta agonists and anticholinergic drugs.
The growth of the global market for asthma and COPD drugs is primarily driven by the increasing prevalence of these conditions. According to the World Health Organization (WHO), asthma affected approximately 262 million people and caused 461,000 deaths in 2019. Similarly, the American Lung Organization reported that in 2022, 99 million adults in the United States had chronic bronchitis, and 2 million adults had emphysema. These rising numbers of asthma and COPD patients contribute to the market's growth.
Furthermore, the market growth of global asthma and chronic obstructive pulmonary disease (COPD) drugs is expected to be boosted by advancements in respiratory diseases therapy and the introduction of new products. For example, in December 2022, AstraZeneca, a prominent pharmaceutical manufacturer, obtained EU Approval for 'Trixeo Aerosphere' as a maintenance treatment for COPD. However, the high cost of asthma treatment poses a hindrance to market growth throughout the forecast period.
Global Asthma And Copd Drugs Market Segmentation
By MEDICATION CLASS
- Combination Drugs
- Short Acting Beta Agonists (SABA)
- Long Acting Beta Agonists (LABA)
- Leukotriene Antagonists (LTA)
- North America (U.S, Canada, Mexico)
- Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
- Asia Pacific (Japan, China, Australia, India, South Korea, Rest of Asia Pacific)
- LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
The market for Asthma and COPD drugs is divided into different segments based on the disease, medication class, and region. In terms of disease, the market is categorized into asthma and COPD. The medication class segment includes combination drugs, inhaled corticosteroids (ICS), short-acting beta agonists (SABA), long-acting beta agonists (LABA), leukotriene antagonists (LTA), anticholinergics, and others.
Regionally, the market for Asthma and COPD drugs is analyzed across North America (including the U.S., Canada, and Mexico), Europe (including Germany, France, the UK, Italy, Spain, and the rest of Europe), Asia-Pacific (including Japan, China, Australia, India, South Korea, and the rest of Asia-Pacific), and LAMEA (including Brazil, South Arabia, South Africa, and the rest of LAMEA).
In terms of disease, the asthma segment dominated the market in 2022, and this trend is expected to continue due to the increasing number of asthma patients. However, the COPD segment is projected to witness significant growth during the forecast period, driven by advancements in COPD therapy.
Regarding medication class, the combination drugs segment was the major contributor in 2022 and is expected to maintain its leading position during the forecast period, mainly due to the reliability of combination therapy. However, the inhaled corticosteroids segment is expected to experience substantial growth in the coming years, attributed to advancements in therapy.
In terms of region, North America held the largest share in the Asthma and COPD drugs market in 2022 and is expected to dominate the global market throughout the forecast period. This is due to the high prevalence of asthma, the presence of key manufacturing players, tobacco smoking habits, and a well-established infrastructure in the region. However, Asia-Pacific is anticipated to register the highest compound annual growth rate (CAGR) of 5.81% from 2023 to 2030, driven by the increasing number of hospitals and a large population.
Key Benefits For Stakeholders
- This report presents a detailed analysis of the global Asthma and COPD Drugs Market, including its size, current trends, and future projections, aiming to identify lucrative investment opportunities.
- The analysis covers the period from 2023 to 2030, providing valuable insights for stakeholders to make informed decisions and take advantage of the potential opportunities in the market.
- Furthermore, a comprehensive examination of regional markets helps to understand the specific dynamics and opportunities in each region, supporting strategic business planning.
- The report also includes an in-depth analysis of key players' profiles and growth strategies, offering a clear understanding of the competitive landscape and growth prospects in the global Asthma and COPD Drugs Market.
Table and Figures
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