Bronchiectasis Drugs Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Bronchiectasis refers to a lung condition in which the walls of the bronchi are thickened owing to severe damage to the bronchi tissues. The bronchiectasis disease ranks on top of the list of respiratory diseases worldwide.
The bronchiectasis drugs market around has been growing at a rapid pace over the years because of factors such as the high presence of bronchiectasis among the public and better infrastructure facilities in the healthcare and medical sector. Experts believe that constant research and development in the field and rising competition among established drug makers will help maintain a high growth rate for the bronchiectasis drugs market.
Antibiotics and expectorants are the main types of drugs available in the bronchiectasis drugs market. Among them, the antibiotic segment has the greater demand and is anticipated to continue to stay ahead of the expectorant segment in the coming few years. An increase in the number of respiratory diseases has been driving the antibiotics demand. In addition, the low costs and easy availability of these antibiotics have helped the demand substantially, as well.
The bronchiectasis drugs market has been divided into five regions globally: Europe, Asia Pacific, Latin America, North America, and Middle East and Africa. North America has been the leader in the bronchiectasis drugs market because of the high presence of bronchiectasis and other respiratory disorders among the public, in this region. Experts believe that due to the increasing usage of off-label antibiotic drugs, the bronchiectasis drugs market in North America will remain on top for the next few years.
The ever-increasing geriatric population in North America, who are prone to respiratory diseases is enhancing the growth of the bronchiectasis drugs market significantly. Asia Pacific is also witnessing a reasonable growth in the bronchiectasis drugs market due to rising awareness among the public about the initial symptoms of bronchiectasis.
Global Bronchiectasis Drugs Market: Introduction
The alarming rise in pollution across the world has given rise to a number of respiratory diseases, among which bronchiectasis occupies the top position. Together with the infrastructural improvements in the medical and healthcare sector, the high prevalence of bronchiectasis and other respiratory disorders among consumers has kept the global bronchiectasis drugs market soaring over the years. With continuous research and development in this field and increasing competition among leading drug makers, experts believe this market will manage to retain a high growth rate over the forthcoming years.
This research report offers a detailed and insightful assessment of the global bronchiectasis drugs market, taking primary trends and the future prospects of this market in consideration. Various segments of this market, based on a number of parameters, have also been evaluated to gain a clear overview of the dynamics in the worldwide bronchiectasis drugs market.
Global Bronchiectasis Drugs Market: Notable Developments
Hitherto, there is no commercial product for bronchiectasis. The leading pharmaceutical companies, such as Santhera Pharmaceuticals Holding AG, Bayer AG, and Insmed Inc., are actively seeking approvals for their drugs to accelerate the development process. Companies, involved in developing drugs for bronchiectasis, have been showing positive results in various drug development phases.
Some of the most prominent competitors operating in the competitive landscape of global bronchiectasis drugs market include –
Global Bronchiectasis Drugs Market: Market Dynamics
High Prevalence of Respiratory Disorders Reflects on Demand for Antibiotics
Antibiotics and expectorants are the primary types of drugs available in the global bronchiectasis drugs market. Among the two, the antibiotics segment has recorded the lead and is expected to continue doing so over the next few years. The upswing in the prevalence of various respiratory disorders and infections has been driving the demand for antibiotics, reflecting on the growth of this segment. The easy availability and low cost of antibiotics is adding to their demand significantly. However, the expectorants segment will also gain momentum in the years to come.
North America to Retain Top Position in Global Bronchiectasis Drugs Market
The global bronchiectasis drugs market is spread across Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. North America, among these, has acquired the leading position on the back of the high prevalence of bronchiectasis and several other respiratory disorders among people. Experts believe this regional market will be able to retain its position over the next few years, thanks to the rising usage of off-label anti-biotic drugs. The ever-rising geriatric population base, which is prone to respiratory disorders, is also supporting the growth of the North America bronchiectasis drugs market substantially. Asia Pacific is also witnessing a decent rise in its bronchiectasis drugs market, thanks to the increasing awareness among people regarding the early symptoms of bronchiectasis and its treatments.
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