Bronchial Asthma Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020–2030
Bronchial asthma is chronic inflammatory disease in which bronchial hyperactivity occurs and leads to airflow obstruction. Bronchial asthma is diagnosed on the basis of pulmonary function tests, physical examination, clinical history, measurement of bronchial reactivity and reversibility testing. Moreover, bronchial asthma affects near by 5% of adults and 10% of children. Population which is more prone to allergies such as fungi, pollen, house dust, smoke is the most important risk factor for bronchial asthma. Moreover, bronchial asthma can triggers due to smoking, colds, flu, exercise, whether change, drugs, emotional stress and anxiety
Due global pandemic covid-19 disease short term lockdown impose in various regions. This health crisis have serious economic impact on various business sector. However, covid-19 disease caused positive impact on the growth of bronchial asthma treatment market. Due to high mortality rate of asthma patient during covid-19 infection increase the treatment seeking rate for bronchial asthma.
Bronchial Asthma Treatment Market: Drivers and Restraints
The rising prevalence of bronchial asthma in old age population as well as children will fuel the bronchial asthma treatment market growth. Moreover rising awareness about bronchial asthma and increasing adaption of quick relief inhaler boost the market growth. Furthermore manufacturer try to develop combination therapy to treat bronchial asthma and regulatory approvals for combination therapy fuel the market growth over the forecasting period. Beside that rising adaption of digital inhalers for the administration of bronchial asthma drugs will also driving the bronchial asthma treatment market growth.
Government taking initiative to spread awareness regarding bronchial asthma through organizing various national programs which also fuel growth of the bronchial asthma treatment market. Moreover launch of new cost effective equivalent generic drugs will also propel the growth of bronchial asthma treatment market.
Moreover cost associated with bronchial asthma quick relief inhaler which hinder the adaption of inhaler can be a major setback the bronchial asthma treatment market growth. Furthermore, undiagnosed bronchial asthma in lower economical countries will hamper the growth of bronchial asthma treatment market.
Bronchial Asthma Treatment Market: Segmentation
The global market for bronchial asthma treatment is segmented based on the drug type, by airway obstruction, distribution channel
Based on Drug Type, bronchial asthma treatment market is segmented into following;
Based on Airway obstruction, global Bronchial asthma treatment market is segmented into following:
Based on distribution channels, global Bronchial asthma treatment market is segmented into following
Bronchial Asthma Treatment Market: Overview
The bronchial asthma treatment is expected to see a significant growth in the forecasting period. This is because of rise in disease prevalence, demand for effective treatment, ongoing research studies and change in lifestyle. Due to this most of population is prone to allergies such as pollens, chemical irritants, pet dander dust this allergies are common in bronchial asthma patient is expected to create a conducive atmosphere for the growth of the market in the near future. Moreover, cost effective and efficient treatment range for bronchial asthma is expected to drive the growth of the bronchial asthma treatment market.
Bronchial Asthma Treatment Market: Region wise outlook
North America dominates the bronchial asthma treatment market due to rising adaption of Quick-relief (rescue) medications as well as increase awareness about bronchial asthma therapeutic. Asia is fastest growing region due to rising prevalence of bronchial asthma in children and old age population. In Europe, holds the second largest share in the bronchial asthma treatment market due to well established healthcare facilities and bronchial asthma treatment adaption in the region. Oceania and Middle East & Africa is expected to hold lucrative market share in global bronchial asthma treatment market due to the increasing asthma prevalence, generic competition and the demand for feasible treatment options for patients.
Bronchial Asthma Treatment Market: Key market players
Some of the key market players in bronchial asthma treatment market are 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), I Novartis AG, Sumitomo Dainippon.
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