Businesses can attain detailed insights with this Asthma Disease report which help them self-assuredly make decisions about their production and marketing strategies in Pharmaceutical industry. The report describes various parameters throughout which analyses the market status in detail. It also endows with statistics on the current state of the industry and hence works as a valuable source of guidance and direction for companies and investors interested in this market. This whole Asthma Disease report can be mainly categorized into four main areas which are market definition, market segmentation, competitive analysis and research methodology.
Global Asthma Disease Market is rise gradually to an estimated value of USD 31.37 Billion by 2026 registering a steady CAGR of 4.3% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing, concerns regarding the health of patients, increasing pollution, consumption of tobacco and smoke.
Asthma Disease Market report potentially presents with the numerous insights and business solutions that will help you stay ahead of the competition. This report also covers very important aspect which is competitive intelligence and with this businesses can gain competitive advantage to thrive in the market. By taking into account strategic profiling of key players in the Pharmaceutical industry, comprehensively analyzing their core competencies, and their strategies such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions, the report helps businesses improve their strategies to sell goods and services.
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Asthma disease is chronic inflammation disease characterized by narrowing the airways and production of excessive mucus which results in periodic or repeated attack of breathlessness and wheezing. The patient with asthma disease experience shortness of breath, chest pain, coughing, and others.
According to the global asthma report published in 2018, it was estimated that there were 339.00 million patients worldwide who were affected with asthma disease in the year 2016. The market growth is increased by growing asthmatic population, rising consumption of smoke, exposure to certain toxin or change in environment and introduction of novel therapies may increase the asthma disease drug market.
Increase in prevalence rate of asthma Disease worldwide
Exposure to certain toxin or change in environment may increase the asthma disease
Chronic consumption of tobacco and smoke
Prevalence of indoor as well as outdoor allergens
Rising awareness about treatment and technological advancement is driving the growth of market
Increase in the rate of R&D initiatives is driving asthma disease drug market
Effective treatment is either unavailable or unaffordable
Patent expiry from many companies and introduction of generic drugs is expected to restrain the growth if the market
Lack of awareness about clinical development and novel therapies for asthma disease treatment
Segmentation: Global Asthma Disease Market
By Classification Type
Mild intermittent asthma
Mild persistent asthma
Moderate persistent asthma
Severe persistent asthma
By Duration of Action Type
Long-term asthma control medications
Long-acting beta agonists
Quick-relief (rescue) medications
Short Acting Beta Agonists
Allergy shots (immunotherapy)
By Route of administration
By End users
Middle East & Africa
Key Developments in the Market:
In May 2019, Regeneron Pharmaceuticals, Inc. in a collaboration with Sanofi S.A. received approval from the European Commission for Dupixent (dupilumab) for the treatment of severe asthma with type 2 inflammation in adults and adolescents 12 years and older as an add-on maintenance treatment
In October 2018, Regeneron Pharmaceuticals, Inc. in collaboration with Sanofi S.A. received FDA approval for Dupixent (dupilumab) for the treatment of moderate-to-severe asthma patient of aged 12 years and older given in combination with an eosinophilic phenotype or with oral corticosteroid-dependent asthma
In February 2019, Mylan N.V received the Abbreviated New Drug Application (ANDA) approval from the FDA for the Wixela Inhub (fluticasone propionate and salmeterol inhalation powder, USP) which is the first generic version of the GlaxoSmithKline’s Advair Diskus. This drug is used for the treatment of asthma or other chronic obstructive pulmonary disease (COPD)
Competitive Analysis: Global Asthma Disease Market
Global asthma disease market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of asthma disease market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Players: Global Asthma Disease Market
Few of the major competitors currently working in the global asthma disease market are, GlaxoSmithKline Plc (UK), Regeneron Pharmaceuticals (US), Mylan N.V (US), Sanofi S.A (France), Teva Pharmaceutical Industries Ltd (Israel), GlaxoSmithKline Plc (UK), F. Hoffmann-La Roche Ltd (Switzerland), Pfizer Inc., Novartis AG, AstraZeneca, Abbott, Vectura Group plc, Takeda Pharmaceutical Company Limited, Boehringer Ingelheim International GmbH (Germany), Sunovion Pharmaceuticals Inc. (US), Merck & Co., Inc. (US), Eli Lilly and Company, AbbVie Inc and few among others.
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