How Global Respiratory Diseases Drugs Market Players Should Strategize For 2022-2031
7 Mar, 2022
The global respiratory diseases drugs market size is expected to grow from $142.57 billion in 2021 to $154.79 billion in 2022 at a compound annual growth rate (CAGR) of 8.6%. The change in the respiratory diseases drugs market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The respiratory diseases drug market is expected to reach $292.01 billion in 2026 at a CAGR of 17.2%.
What is the Global Respiratory Diseases Drugs Market?
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. Some of the major drugs in the market include antimuscarinics, corticosteroids, Codral®, Coldrex® and Lemsip®.
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What drives the Global Respiratory Diseases Drugs Market?
During the forecast period, the growth of the respiratory diseases drugs market will be restrained by patent expiration of branded respiratory diseases drugs. In general, pharmaceutical companies invest a large sum of money in the drug development process and patents. During the patency period, the company holding the patent holds exclusivity for the manufacturing and distribution of drugs. Post expiration of patency, generic versions of the drugs are manufactured by other companies with prices much lower than the original branded drugs. Overall, this will negatively impact the growth of the market in terms of value.
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Global Respiratory Diseases Drugs Market Segments
The global respiratory diseases drugs market is segmented:
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 regions covered in the respiratory diseases drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Respiratory Diseases Drugs Global Market Report 2022provides market size and growth forecasts for the global respiratory diseases drugs market, global respiratory diseases drugs market share, respiratory diseases drugs market segments and geographies, respiratory diseases drugs market competitive landscape including 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.
Global Respiratory Diseases Drugs Industry Playersinclude Boehringer Ingelheim GmbH, Vertex Pharmaceuticals, AstraZeneca, Pfizer Inc., GlaxoSmithKline, Novartis AG, Johnson & Johnson, Reckitt Benckiser Group plc, Mylan N.V., and Sanofi S.A. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.