Asthma Therapeutics Market

Asthma Therapeutics Market by Device Types (Dry Powder, Inhalers, Nebulizers, Metered Dose, Soft Mist, and Others), Drugs (Combination Therapy, Anti-inflammatory, Bronchodilators, and Others), Routes of Administration (Subcutaneous, Inhaled, Oral, and Intravenous), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-2411
  • Author: Growth Market Reports
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  • No. Of Pages: 175
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The global asthma therapeutics market size is anticipated to register a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing cases of respiratory disorders along with the rising demand for cost-effective treatment alternatives.


Asthma Therapeutics Market Key Takeaways

Asthma therapies refer to a wide range of pharmaceutical medications used to treat asthma. Dust and air pollution are allergens that are common causes of asthma in both indoor and outdoor environments. Bronchodilators and anti-inflammatory medications such as long-acting beta-agonists (LABA), corticosteroids, leukotriene modifiers, immunomodulators, and methylxanthine are commonly used for the treatment of asthma. Furthermore, a variety of combination therapy drugs can be inhaled, injected, or taken orally. These medications help to widen the pathway into the lungs, allowing air to flow freely and improving breathing. They also help to eliminate mucus from the lungs, which is easily coughed out. According to a report by the Centers for Disease control and Prevention (CDC), during COVID-19 crisis, patients suffering from moderate to severe asthma are at high risk of falling sick with acute respiratory disorder. As per the Global Asthma Network's 2018 report, 339 million people worldwide were suffering from asthma and the number was expected to grow significantly.

The outbreak of COVID-19 pandemic has affected the market as it forced to shut the production units globally. Moreover, low demand for instruments and consumables along with the global supply chain interruptions and trade restrictions have hampered the asthma therapeutics market for months. On the other hand, hospitals and healthcare services were drastically curtailed owing to quarantine and social distancing precautions imposed by governments across the globe. In addition, the pandemic had a significant impact on the functioning of hospital treatment for non-COVID-19 patients in hospitals.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing cases of asthma globally and rising demand for better quality life for the asthma patients under treatment are some of the key factors propelling the market growth.
  • Rising demand for improved clinical and efficient therapies for the treatment of asthma patients are expected to fuel the market growth during the forecast period.
  • Growing expenditure on R&D programs and increasing number of new product launches by key pharmaceutical companies are another main factors responsible for surging the overall market revenue.
  • Increasing expenditures and high cost investment in the treatment process are main challenges, which are likely to hamper the market growth.
  • Less awareness among the people related to asthma in less developed countries is another key challenge that can hinder the market growth during the forecast period.
  • Increasing collaboration among key healthcare companies and research institutes to develop advanced therapies for asthma therapeutics, which are projected to expand the market growth during the forecast period.

Scope of the Report

The report on the global asthma therapeutics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Asthma Therapeutics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Device Types (Dry Powder, Inhalers, Nebulizers, Metered Dose, Soft Mist, and Others), Drugs (Combination Therapy, Anti-inflammatory, Bronchodilators, and Others), and Routes of Administration (Subcutaneous, Inhaled, Oral, and Intravenous)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Merck & Co.; AstraZeneca Plc.; Roche Diagnostics; Philips Healthcare; Teva Pharmaceutical Industries Ltd.; Sanofi-Aventis SA; Sunovion Pharmaceuticals, Inc.; GlaxoSmithKline Plc.; CareFusion Corp.; and Boehringer Ingelheim.

Market Segment Insights

Inhaler segment is estimated to gain a large revenue share

On the basis of device types, the global asthma therapeutics market is segmented into dry powder, inhalers, nebulizers, metered dose, soft mist, and others. The inhaler segment is estimated to gain a large revenue share during the projected period owing to the rising prevalence of chronic respiratory diseases such as asthma and chronic obstructive pulmonary disease (COPD). Moreover, growing demand for technology-enabled features of the respiratory devices presents a key driver of the segment expansion.


Asthma Therapeutics Market By Device Types

Combination therapy segment is expected to grow rapidly

Based on drugs, the market is segregated as combination therapy, anti-inflammatory, bronchodilators, and others. The combination therapy segment is expected to grow rapidly during the forecast period attributed to the increasing R&D programs conducted by various pharmaceutical companies on the development of novel drugs such as lebrikizumab and duplimab, in conjunction with expected launch of pipeline products including cinqair.


Asthma Therapeutics Market By Drugs

Inhaled segment is projected to expand at a considerable CAGR

On the basis of routes of administration, the global asthma therapeutics market is segmented into subcutaneous, inhaled, oral, and intravenous. The inhaled segment is projected to expand at a considerable CAGR during the forecast period due to the increasing penetration rates and better patient drugs compliance of pulmonary drug delivery structures in asthma treatment plans. Some of the prominent medications are such as qvar and pulmicort. Furthermore, effective and efficient pharmacokinetic and pharmacodynamics actions upon administration of drug dose by this route is expected to boost the segment growth.

North America is anticipated to constitute a key market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key market share during the forecast period owing to the growing awareness levels related to treatment alternatives and increasing adoption of inhaled therapeutics. Furthermore, underdiagnoses of asthma patients and the presence of key biopharmaceutical companies with robust product portfolio are some of the factors expected to fuel the market expansion in the region. On the other hand, the market of Europe is estimated to gain a considerable market share in the coming years due to the presence of a well-developed healthcare infrastructure and high demand for asthma-related medicines in the region.

Segments

Segments Covered in the Report
The global asthma therapeutics market has been segmented on the basis of

Device Types
  • Dry Powder
  • Inhalers
  • Nebulizers
  • Metered Dose
  • Soft Mist
  • Others
Drugs
  • Combination Therapy
  • Anti-inflammatory
  • Bronchodilators
  • Others
Routes of Administration
  • Subcutaneous
  • Inhaled
  • Oral
  • Intravenous
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Merck & Co.
  • AstraZeneca Plc.
  • Roche Diagnostics
  • Philips Healthcare
  • Teva Pharmaceutical Industries Ltd.
  • Sanofi-Aventis SA
  • Sunovion Pharmaceuticals, Inc.
  • GlaxoSmithKline Plc.
  • CareFusion Corp.
  • Boehringer Ingelheim

Competitive Landscape

Some of the key players competing in the market are Merck & Co.; AstraZeneca Plc.; Roche Diagnostics; Philips Healthcare; Teva Pharmaceutical Industries Ltd.; Sanofi-Aventis SA; Sunovion Pharmaceuticals, Inc.; GlaxoSmithKline Plc.; CareFusion Corp.; and Boehringer Ingelheim.

Most of these big players are implementing various marketing strategies such as partnerships, mergers & acquisitions, collaboration, and extensive service portfolio along with expanding service capacity on various geographies to secure their market position. Cipla Inc. has announced its successful completion of phase III clinical trial on generic asthma medication, salmeterol inhalation powder, and fluticasone propionate for the treatment of chronic obstructive pulmonary disorder and asthma in April 2020. On the other hand, in April 2020, the US Food and Drug Administration (FDA) has approved Cipla’s generic inhaler equivalent to albuterol inhaler, in order to fulfill the shortages of asthma drugs impacted by the COVID-19 pandemic situation.

Asthma Therapeutics Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Asthma Therapeutics Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Asthma Therapeutics Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Asthma Therapeutics Market - Supply Chain
  4.5. Global Asthma Therapeutics Market Forecast
     4.5.1. Asthma Therapeutics Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Asthma Therapeutics Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Asthma Therapeutics Market Absolute $ Opportunity
5. Global Asthma Therapeutics Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Asthma Therapeutics Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Asthma Therapeutics Demand Share Forecast, 2019-2026
6. North America Asthma Therapeutics Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Asthma Therapeutics Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Asthma Therapeutics Demand Share Forecast, 2019-2026
7. Latin America Asthma Therapeutics Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Asthma Therapeutics Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Asthma Therapeutics Demand Share Forecast, 2019-2026
8. Europe Asthma Therapeutics Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Asthma Therapeutics Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Asthma Therapeutics Demand Share Forecast, 2019-2026
9. Asia Pacific Asthma Therapeutics Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Asthma Therapeutics Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Asthma Therapeutics Demand Share Forecast, 2019-2026
10. Middle East & Africa Asthma Therapeutics Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Asthma Therapeutics Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Asthma Therapeutics Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Asthma Therapeutics Market: Market Share Analysis
  11.2. Asthma Therapeutics Distributors and Customers
  11.3. Asthma Therapeutics Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Merck & Co. AstraZeneca Plc. Roche Diagnostics Philips Healthcare Teva Pharmaceutical Industries Ltd. Sanofi-Aventis SA  
Segments Covered in the Report
The global asthma therapeutics market has been segmented on the basis of

Device Types
  • Dry Powder
  • Inhalers
  • Nebulizers
  • Metered Dose
  • Soft Mist
  • Others
Drugs
  • Combination Therapy
  • Anti-inflammatory
  • Bronchodilators
  • Others
Routes of Administration
  • Subcutaneous
  • Inhaled
  • Oral
  • Intravenous
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Merck & Co.
  • AstraZeneca Plc.
  • Roche Diagnostics
  • Philips Healthcare
  • Teva Pharmaceutical Industries Ltd.
  • Sanofi-Aventis SA
  • Sunovion Pharmaceuticals, Inc.
  • GlaxoSmithKline Plc.
  • CareFusion Corp.
  • Boehringer Ingelheim

Some of the key players competing in the market are Merck & Co.; AstraZeneca Plc.; Roche Diagnostics; Philips Healthcare; Teva Pharmaceutical Industries Ltd.; Sanofi-Aventis SA; Sunovion Pharmaceuticals, Inc.; GlaxoSmithKline Plc.; CareFusion Corp.; and Boehringer Ingelheim.

Most of these big players are implementing various marketing strategies such as partnerships, mergers & acquisitions, collaboration, and extensive service portfolio along with expanding service capacity on various geographies to secure their market position. Cipla Inc. has announced its successful completion of phase III clinical trial on generic asthma medication, salmeterol inhalation powder, and fluticasone propionate for the treatment of chronic obstructive pulmonary disorder and asthma in April 2020. On the other hand, in April 2020, the US Food and Drug Administration (FDA) has approved Cipla’s generic inhaler equivalent to albuterol inhaler, in order to fulfill the shortages of asthma drugs impacted by the COVID-19 pandemic situation.

Asthma Therapeutics Market By Key Players

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