Asthma Therapeutics Market Report by Drug Class (Anti-Inflammatory Drugs, Bronchodilators, Combination Therapies), Product Type (Inhalers, Nebulizers), Treatment Type (Quick-Relief Medications, Long-Term Asthma Control Medications), Route of Administratio

Asthma Therapeutics Market Report by Drug Class (Anti-Inflammatory Drugs, Bronchodilators, Combination Therapies), Product Type (Inhalers, Nebulizers), Treatment Type (Quick-Relief Medications, Long-Term Asthma Control Medications), Route of Administration (Inhalation, Oral, Parenteral), and Region 2024-2032

The global asthma therapeutics market size reached US$ 18 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 22.0 Billion by 2032, exhibiting a growth rate (CAGR) of 1.9% during 2024-2032.

Asthma therapeutics refer to various pharmaceutical drugs that are used for the treatment of asthma. Asthma is usually triggered by indoor and outdoor causative agents, including pollution, allergens and dust. These therapeutics are usually bronchodilators and anti-inflammatory drugs, which include corticosteroids, long-acting beta-agonists (LABA), methylxanthine, immunomodulators and leukotriene modifiers. A number of combination therapy drugs are also used that can be inhaled, injected, or orally administered. These drugs expand the passageway into the lungs and enable the movement of air to improve breathing. They also aid in clearing mucus from the lungs that gets coughed out with ease.

Asthma Therapeutics Market Trends:

The increasing prevalence of asthma and other respiratory disorders, along with improvements in the diagnostic technologies, is one of the key factors driving the growth of the market. Furthermore, rising awareness among the masses regarding the availability of effective asthma therapeutics is also providing driving the market growth. For instance, asthmatic patients are primarily treated with inhaled corticosteroids and patients with advanced conditions or persistent asthma are treated with target-specific drugs. There is also an extensive demand for monoclonal antibodies (mAbs) that block immunoglobulin E and specific cytokines. The development of combination therapies for the treatment of respiratory diseases is acting as another growth-inducing factor. Increasing healthcare expenditures, extensive research, and development (R&D) activities in the field of medical sciences and improvements in the healthcare infrastructure are some of the other factors that are expected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global asthma therapeutics market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on drug class, product type, treatment type and route of administration.

Breakup by Drug Class:

• Anti-Inflammatory Drugs
• Bronchodilators
• Combination Therapies

Breakup by Product Type:

• nhalers
• Dry Powder Inhalers
• Metered Dose Inhalers
• Soft Mist Inhalers
• Nebulizers
• Pneumatic Nebulizers
• Ultrasonic Nebulizers
• Mesh Nebulizers

Breakup by Treatment Type:

• Quick-Relief Medications
• Long-Term Asthma Control Medications

Breakup by Route of Administration:

• nhalation
• Oral
• Parenteral

Breakup by Region:

• North America
• United States
• Canada
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being AstraZeneca PLC, Abbott Laboratories, Amgen Inc., Biogen Inc., Boehringer Ingelheim International GmbH, F. Hoffmann-La Roche Ltd., GlaxoSmithKline Plc, Merck Sharp & Dohme Corp., Novartis International AG, Sunovion Pharmaceuticals Inc. and Teva Pharmaceutical Industries Ltd.

Key Questions Answered in This Report

1. What was the size of the global asthma therapeutics market in 2023?

2. What is the expected growth rate of the global asthma therapeutics market during 2024-2032?

3. What are the key factors driving the global asthma therapeutics market?

4. What has been the impact of COVID-19 on the global asthma therapeutics market?

5. What is the breakup of the global asthma therapeutics market based on the drug class?

6. What is the breakup of the global asthma therapeutics market based on the product type?

7. What is the breakup of the global asthma therapeutics market based on the treatment type?

8. What is the breakup of the global asthma therapeutics market based on the route of administration?

9. What are the key regions in the global asthma therapeutics market?

10. Who are the key players/companies in the global asthma therapeutics market?