Asthma Treatment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Asthma Treatment Market
The asthma treatment market size was valued at USD 18.08 billion in 2019, and the market is now projected to grow USD 32.81 billion in 2032 exhibiting a CAGR of 4.6% during the forecast period of 2020-2032.
The appearance of COVID-19 posed some prospects in the asthma treatment market because any respiratory diseases became much more dangerous when this virus attacks the lungs. Symptomatic management of asthma and attempts to reduce progression of the illness to make a person less vulnerable to the severe course of COVID-19. Furthermore, the sales of inhalers and other asthma medication skyrocketed during the pandemic as people continued to cut their costs and made new worries about their health their top priority. The need for pulmonary care and regularly use of prescribed medications had to have driven the advancements and expanded marketing of asthma remedies.
The increase in the rate of chronic respiratory diseases especially asthma is helping to push the growth of the market for asthma treatments as asthma is the most prevalent chronic disease globally known. As observed previously, severe asthma still interferes with the Quality-of-life measure, and therefore the need for better drugs. Per the AAAAI survey done in 2016 an approximate of 8.3% of children in United States have asthma. There are also insights that the options of purchasing affordable and effective treatments will also remain crucial to the market’s development over the forecast period in addition.
One of the major trends in the asthma treatment market is the focus of leading pharma players on research and innovation to bring the best treatment line for asthma. Considering that asthma has a very broad patient pool globally including patient of all ages, many firms are developing drugs in clinical stages. For example, in September 2019, there was positive Phase III outcome of QVM149, an inhaled combination that controls asthmatic symptoms and lung function. Such clinical developments are anticipated to amplify the market more during the forecast period.
Comprehensive Analysis of Asthma Treatment Market
The asthma treatment market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by treatment analysis, by route of administration analysis and by distribution channel analysis. By treatment analysis include long-term control medications and quick-relief medications. By route of administration analysis include injectable, oral, and inhalation. By distribution channel analysis include hospital pharmacies, retail pharmacies & drug stores, and online pharmacies.
The North America region lead the asthma treatment market share by benefitting a market size of USD 9.40 billion in 2019 due to underdiagnosis of asthmatic patients.
The top players in the markets have a central responsibility in the healthcare industry to be sure of industrial prospectus development and to establish the market norms. These players include, AstraZeneca, GlaxoSmithKline plc, Teva Pharmaceutical Industries Ltd., Merck & Co., Inc., Mylan N.V., Boehringer Ingelheim International GmbH, Regeneron, Sanofi, Genentech, Inc. (F. Hoffmann-La Roche Ltd), Novartis AG, Sumitomo Dainippon Pharma Co., Ltd. these market players provide a level-playing competitive landscape.
In April 2020, Cipla Inc. announced the successful completion of a phase III clinical study for its generic asthma drug, fluticasone propionate and salmeterol inhalation powder, a generic equivalent of Advair Diskus 100/50 mcg.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD billion)
SegmentationBy Treatment
Long-Term Control Medications
Quick-Relief Medications
By Route of Administration
Injectable
Oral
Inhaled
By Distribution Channel
Hospital Pharmacies
Retail Pharmacies & Drug Stores
Online Pharmacies
By Geography
North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia-Pacific)
Latin America (Brazil, Mexico, and the Rest of Latin America)
The Middle East & Africa (South Africa, GCC, and the Rest of the Middle East & Africa)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Prevalence of Asthma - by Key Regions - 2019
- 4.2. Pipeline Analysis
- 4.3. Key Industry Developments (Mergers, Acquisitions, and Partnerships, etc.)
- 4.4. Regulatory Scenario - by Key Regions
- 4.5. An Overview of Emerging Treatments for Asthma
- 4.6. An Overview of Guidelines for the Diagnosis and Management of Asthma (EPR-3)
- 4.7. Reimbursement Scenario - by Key Regions
- 5. Global Asthma Treatment Market Analysis, Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Treatment
- 5.2.1. Long-Term Control Medications
- 5.2.2. Quick-Relief Medications
- 5.3. Market Analysis, Insights and Forecast – By Route of Administration
- 5.3.1. Injectable
- 5.3.2. Oral
- 5.3.3. Inhaled
- 5.4. Market Analysis, Insights and Forecast – By Distribution Channel
- 5.4.1. Hospital Pharmacies
- 5.4.2. Retail Pharmacies & Drug Stores
- 5.4.3. Online Pharmacies
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
- 6. North America Asthma Treatment Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis – By Treatment
- 6.2.1. Long-Term Control Medications
- 6.2.2. Quick-Relief Medications
- 6.3. Market Analysis – By Route of Administration
- 6.3.1. Injectable
- 6.3.2. Oral
- 6.3.3. Inhaled
- 6.4. Market Analysis – By Distribution Channel
- 6.4.1. Hospital Pharmacies
- 6.4.2. Retail Pharmacies & Drug Stores
- 6.4.3. Online Pharmacies
- 6.5. Market Analysis – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
- 7. Europe Asthma Treatment Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis – By Treatment
- 7.2.1. Long-Term Control Medications
- 7.2.2. Quick-Relief Medications
- 7.3. Market Analysis – By Route of Administration
- 7.3.1. Injectable
- 7.3.2. Oral
- 7.3.3. Inhaled
- 7.4. Market Analysis – By Distribution Channel
- 7.4.1. Hospital Pharmacies
- 7.4.2. Retail Pharmacies & Drug Stores
- 7.4.3. Online Pharmacies
- 7.5. Market Analysis – By Country/ sub-region
- 7.5.1. U.K.
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Spain
- 7.5.5. Italy
- 7.5.6. Scandinavia
- 7.5.7. Rest of Europe
- 8. Asia pacific Asthma Treatment Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis – By Treatment
- 8.2.1. Long-Term Control Medications
- 8.2.2. Quick-Relief Medications
- 8.3. Market Analysis – By Route of Administration
- 8.3.1. Injectable
- 8.3.2. Oral
- 8.3.3. Inhaled
- 8.4. Market Analysis – By Distribution Channel
- 8.4.1. Hospital Pharmacies
- 8.4.2. Retail Pharmacies & Drug Stores
- 8.4.3. Online Pharmacies
- 8.5. Market Analysis – By Country/ sub-region
- 8.5.1. Japan
- 8.5.2. China
- 8.5.3. India
- 8.5.4. Australia
- 8.5.5. Southeast Asia
- 8.5.6. Rest of Asia Pacific
- 9. Latin America Asthma Treatment Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis – By Treatment
- 9.2.1. Long-Term Control Medications
- 9.2.2. Quick-Relief Medications
- 9.3. Market Analysis – By Route of Administration
- 9.3.1. Injectable
- 9.3.2. Oral
- 9.3.3. Inhaled
- 9.4. Market Analysis – By Distribution Channel
- 9.4.1. Hospital Pharmacies
- 9.4.2. Retail Pharmacies & Drug Stores
- 9.4.3. Online Pharmacies
- 9.5. Market Analysis – By Country/ sub-region
- 9.5.1. Brazil
- 9.5.2. Mexico
- 9.5.3. Rest of Latin America
- 10. Middle East & Africa Asthma Treatment Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis – By Treatment
- 10.2.1. Long-Term Control Medications
- 10.2.2. Quick-Relief Medications
- 10.3. Market Analysis – By Route of Administration
- 10.3.1. Injectable
- 10.3.2. Oral
- 10.3.3. Inhaled
- 10.4. Market Analysis – By Distribution Channel
- 10.4.1. Hospital Pharmacies
- 10.4.2. Retail Pharmacies & Drug Stores
- 10.4.3. Online Pharmacies
- 10.5. Market Analysis – By Country/ sub-region
- 10.5.1. GCC Countries
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Key Industry Developments
- 11.2. Global Market Share Analysis (2019)
- 11.3. Competition Dashboard
- 11.4. Comparative Analysis – Major Players
- 11.5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 11.5.1. AstraZeneca
- 11.5.1.1. Overview,
- 11.5.1.2. Products & services,
- 11.5.1.3. SWOT analysis,
- 11.5.1.4. Recent developments,
- 11.5.1.5. strategies,
- 11.5.1.6. financials (based on availability)
- 11.5.2. GlaxoSmithKline plc
- 11.5.2.1. Overview,
- 11.5.2.2. Products & services,
- 11.5.2.3. SWOT analysis,
- 11.5.2.4. Recent developments,
- 11.5.2.5. strategies,
- 11.5.2.6. financials (based on availability)
- 11.5.3. Teva Pharmaceutical Industries Ltd.
- 11.5.3.1. Overview,
- 11.5.3.2. Products & services,
- 11.5.3.3. SWOT analysis,
- 11.5.3.4. Recent developments,
- 11.5.3.5. strategies,
- 11.5.3.6. financials (based on availability)
- 11.5.4. Merck & Co., Inc.
- 11.5.4.1. Overview,
- 11.5.4.2. Products & services,
- 11.5.4.3. SWOT analysis,
- 11.5.4.4. Recent developments,
- 11.5.4.5. strategies,
- 11.5.4.6. financials (based on availability)
- 11.5.5. Mylan N.V.
- 11.5.5.1. Overview,
- 11.5.5.2. Products & services,
- 11.5.5.3. SWOT analysis,
- 11.5.5.4. Recent developments,
- 11.5.5.5. strategies,
- 11.5.5.6. financials (based on availability)
- 11.5.6. Boehringer Ingelheim International GmbH
- 11.5.6.1. Overview,
- 11.5.6.2. Products & services,
- 11.5.6.3. SWOT analysis,
- 11.5.6.4. Recent developments,
- 11.5.6.5. strategies,
- 11.5.6.6. financials (based on availability)
- 11.5.7. Regeneron
- 11.5.7.1. Overview,
- 11.5.7.2. Products & services,
- 11.5.7.3. SWOT analysis,
- 11.5.7.4. Recent developments,
- 11.5.7.5. strategies,
- 11.5.7.6. financials (based on availability)
- 11.5.8. Sanofi
- 11.5.8.1. Overview,
- 11.5.8.2. Products & services,
- 11.5.8.3. SWOT analysis,
- 11.5.8.4. Recent developments,
- 11.5.8.5. strategies,
- 11.5.8.6. financials (based on availability)
- 11.5.9. Genentech, Inc. (F. Hoffmann-La Roche Ltd)
- 11.5.9.1. Overview,
- 11.5.9.2. Products & services,
- 11.5.9.3. SWOT analysis,
- 11.5.9.4. Recent developments,
- 11.5.9.5. strategies,
- 11.5.9.6. financials (based on availability)
- 11.5.10. Novartis AG
- 11.5.10.1. Overview,
- 11.5.10.2. Products & services,
- 11.5.10.3. SWOT analysis,
- 11.5.10.4. Recent developments,
- 11.5.10.5. strategies,
- 11.5.10.6. financials (based on availability)
- 11.5.11. Sumitomo Dainippon Pharma Co., Ltd.
- 11.5.11.1. Overview,
- 11.5.11.2. Products & services,
- 11.5.11.3. SWOT analysis,
- 11.5.11.4. Recent developments,
- 11.5.11.5. strategies,
- 11.5.11.6. financials (based on availability)
- 11.5.12. Other Prominent Players
- 11.5.12.1. Overview,
- 11.5.12.2. Products & services,
- 11.5.12.3. SWOT analysis,
- 11.5.12.4. Recent developments,
- 11.5.12.5. strategies,
- 11.5.12.6. financials (based on availability)
- 12. Strategic Recommendations
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