In the world economic growth, the Respiratory Diseases Drugs industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Respiratory Diseases Drugs market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Respiratory Diseases Drugs market size will be further expanded, we expect that by 2024, The market size of the Respiratory Diseases Drugs will reach XXX million $.
Overview
The use of respiratory drugs in treating different respiratory ailments has increased over the last few years. As more effective, less invasive, and safer medicines are developed these drugs are becoming a part of the treatment regimen for many conditions. The repurposing of the pulmonary pathway by certain pharmaceutical companies has been employed for the successful treatment and prevention of a number of respiratory diseases. Some of these include influenza, chronic obstructive pulmonary disease (COPD), and other forms of illness such as allergies, rhinitis, and pneumonia. The global respiratory diseases drugs market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global respiratory diseases drugs market growth over the forecast period, owing to increasing burden of the geriatric population.
Market Drivers
Increasing prevalence of various respiratory diseases including lung cancer, chronic obstructive pulmonary disease (COPD), etc. is expected to drive growth of the global respiratory diseases drugs market during the forecast period. According to the World Health Organization, in 2016, around 251 million people were suffering from the chronic obstructive pulmonary disease (COPD) globally, while around 3.17 million people died due to the same. According to the same source, in 2018m, around 2.09 million people died due to lung cancer. This, in turn, has increased the demand for adequate treatment options. Hence, such factors are expected to drive growth of the global respiratory diseases drugs market during the forecast period. Furthermore, rising burden of the geriatric population is expected to propel the global respiratory diseases drugs market growth over the forecast period.
Market Restraint
Stringent government regulations on product approval are expected to restrain growth of the global respiratory diseases drugs market during the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global respiratory diseases drugs market during the forecast period. This is owing to the rise in health expenditure across the region. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to improving healthcare infrastructure across emerging economies including India and China.
Competitive Section
Key companies involved in the global respiratory diseases drugs market are Biogen, Pfizer, Teva, Novartis, Eli Lilly, Merck, Johnson & Johnson, AstraZeneca, and Shire.
For instance, in March 2020, Boehringer Ingelheim Pharmaceuticals, Inc. received the U.S. Food and Drug Administration (FDA) approval for its Ofev oral capsules indicated for the treatment of patients with chronic fibrosing (scarring) interstitial lung diseases (ILD) with the progressive phenotype (trait).
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
Biogen
Pfizer
Teva
Novartis
Johnson & Johnson
Eli Lilly
Otsuka
Merck
Astrazeneca
Novartis
Shire
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Otc
Rx Drugs
Industry Segmentation
Hospital
Retail Pharmacy
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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