(MENAFN- Meridian Market Consultants) The “Asthma Drugs Market: Opportunity Analysis and Future Assessment 2022-2030” research report offers a comprehensive and an in-depth evaluation of the progressive market trends, growth areas, opportunities, drivers, and restraints, which would allow clients and stakeholders to line up their market strategies as stated in present & future market dynamics. The Asthma Drugs Market is estimated to escalate at around 5.3% CAGR during 2022-30. A strategic assessment of the market growth trajectory in the forecast period, whilst taking into account the Covid-19 impact on the industry, is also included in the research study, with certain information established by research experts.
The global asthma drugs market is estimated to reach at a value of US$ 24.0 Bn by the end of 2022 and expected to reach at a value of US$ 36.3 Bn by 2030 with a significant CAGR of 5.3%
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Asthma Drugs Introduction
Asthma is basically an inveterate respiratory ailment obstructing the respiratory tracts of the lungs owing to the mucus production, inflammation, and contraction of muscles. Also, Chronic Obstructive Pulmonary Disease (COPD) is further a chronic ailment induced by blockage in the respiratory tracts leading to trouble in breathing, with the main reason being smoking tobacco.
Asthma Drugs Market Dynamics
One of the major factors that is accelerating the demand of asthma drugs across the global markets is the rapidly growing prevalence of asthma and COPD patients across the world. In addition to that, the rapid growth in the geriatric population across the globe along with numerous technological advancements in the healthcare sector is also playing a positive role in boosting the demand of asthma drugs across the market.
Moreover, growth in pipeline products as well as rise in numerous initiatives commenced by the regulatory bodies and non-government associations in order to spread health awareness are some other essential factors that also positively fuel the growth of the global asthma drugs market in the forthcoming years.
However, the rigorous government regulatory requirements for the consent and permission of asthma and COPD drugs, which are likely to hamper the growth of the global asthma drugs market in the future years.
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Asthma Drugs Market Segmentation
The global asthma drugs market is segmented on the basis of type, application, and region
By Type
Long-term control medications
Quick-relief medications (rescue medications)
Medications for allergy-induced asthma
By Application
Hospital Pharmacy
Retail Pharmacy
Online Pharmacy
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Asthma Drugs Market Key Players
The key participating players of the global asthma drugs market include AstraZeneca, GlaxoSmithKline, Merck, Teva, Boehringer Ingelheim, Sanofi, and Roche and Decartis, among others.
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