Global Respiratory Diseases Drugs Market Trends And Strategies Of Major Players In The Respiratory Diseases Drugs Market 2020
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The global respiratory diseases drugs market is expected to grow from $65 billion in 2019 to $92.6 billion in 2020 at a compound annual growth rate (CAGR) of 42.5%. The respiratory drugs market witnessed significant growth mainly due to the COVID-19 outbreak. The fact that COVID-19 is essentially a respiratory ailment has boosted the market growth. Drugs such as Albuterol have registered high growth. The market is then expected to stabilize and grow at a CAGR of 4% from 2021 and reach $97.8 billion in 2023.
The respiratory diseases drugs market consists of sales of respiratory diseases drugs and related services by entities (organizations, sole traders and partnerships) that produce drugs to treat respiratory diseases such as asthma, acute bronchitis, emphysema, cystic fibrosis and other diseases. This industry includes establishments that produce anti-asthmatics and COPD drugs to prevent acute attacks caused by respiratory diseases and cough and cold preparations to treat cough and cold.
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The global respiratory diseases drugs market is further segmented based on type and geography.
By Type: Anti-Asthmatics And COPD Drugs, Cough And Cold Preparations.
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies/ Drug Stores, Others.
By Route Of Administration: Oral, Parenteral, Others.
By Drug Classification: Branded Drugs, Generic Drugs.
By Mode Of Purchase: Prescription-Based Drugs, Over-The-Counter Drugs.
By Geography: The global respiratory diseases drugs market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American respiratory diseases drugs market accounts for the largest share of 49% in the global respiratory diseases’ drugs market 2019.
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Trends In The Respiratory Diseases Drugs Market
The demand for PSE-containing cold, allergy, and sinus products is growing due to their effectiveness and convenience. PSE is an active ingredient found in various cold, allergy, and sinus drugs that can provide congestion relief. However, PSE-containing medicines are mostly sold as a prescription drug, as PSE can also be used for the illegal manufacture of methamphetamine, a recreational drug. This has led drug manufacturers to produce tamper-resistant PSE products.
Respiratory Diseases Drugs Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides respiratory diseases drugs market overviews, analyzes and forecasts market size and growth for the global respiratory diseases drugs market, respiratory diseases drugs market share, respiratory diseases drugs market players, respiratory diseases drugs market segments and geographies, respiratory diseases drugs market’s leading competitors’ revenues, profiles and market shares. The respiratory diseases drugs market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.