According to the latest report by IMARC Group, titled “Asthma Therapeutics Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2021-2026”, the global asthma therapeutics market reached a value of US$ 17.6 Billion in 2020. Looking forward, IMARC Group expects the global market to continue its moderate growth during the next five years (2021-2026).
Asthma therapeutics include a group of pharmaceutical drugs that are primarily used for treating asthma. The drugs help in mitigating the symptoms of the respiratory disease, which usually gets triggered by exposure to various outdoor and indoor causative agents, including dust, allergens, pollutants, etc. Asthma therapeutics generally include bronchodilators and anti-inflammatory drugs, such as long-acting beta-agonists (LABA), methylxanthine, immunomodulators, corticosteroids, leukotriene modifiers, etc. These drugs aid in expansion of air passage into the lungs, which further enables the proper movement of air to enhance the breathing process. Asthma therapeutics drugs are usually administered via inhalers or nebulizers and are adopted in quick-relief medications and long-term asthma control therapies.
The rising prevalence of asthma due to the growing air pollution levels is currently propelling the adoption of asthma therapeutics. Additionally, the increasing consumer awareness towards the easy availability of effective asthma therapeutics is also catalyzing the market growth. Furthermore, the emergence of combination therapies for treating respiratory diseases, such as asthma, is driving the demand for asthma therapeutics. Numerous pharma companies are constantly focusing on clinical trials of pipeline asthma drugs with higher efficacy and prolonged effect. Several other factors, including the growing healthcare expenditures, continuous upgradation of healthcare infrastructures, extensive R&D activities in the medical sector, etc., are expected to further bolster the global asthma therapeutics market in the coming years.
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Asthma Therapeutics 2021-2026 Competitive Analysis and Segmentation:
The competitive landscape of the asthma therapeutics market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
The report has segmented the global asthma therapeutics market on the basis of region, drug class, product type, treatment type and route of administration.
Breakup by Drug Class:
Breakup by Product Type:
Breakup by Treatment Type:
Breakup by Route of Administration:
Breakup by Region:
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Key highlights of the report:
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