Asthma Therapeutics Market Scope
Changing lifestyles that effect the occurrences of asthma will help to boost global asthma therapeutic market. Asthma is a type of chronic disease of airways of the lungs. Categorized by several symptoms including bronchospasm, and pulmonary airway obstructions. There are various symptoms of asthma including cough, shortness of breath, wheezing and chest tightness. The symptoms can be prohibited by avoiding exposure to allergens and irritants.
According to AMA, the Global Asthma Therapeutics market is expected to see growth rate of 2.2%The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that European Players will contribute to the maximum growth of Global Asthma Therapeutics market throughout the predicted period.
AstraZeneca Plc (United Kingdom), Philips Healthcare (Netherlands), Teva Pharmaceutical Industries Ltd. (Israel), CareFusion Corporation (United States), GlaxoSmithKline Plc (United Kingdom), Sanofi-Aventis SA (France), Sunovion Pharmaceuticals, Inc. (United States), Roche Diagnostics (Switzerland), Boehringer Ingelheim GmbH (Germany) and Merck & Co., Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Novartis AG. (Switzerland).
Segmentation Overview
The study have segmented the market of Global Asthma Therapeutics market by Type (Dry Powder Inhalers, Metered Dose Inhalers, Mist Inhalers and Nebulizer) and Region with country level break-up.
On the basis of geography, the market of Asthma Therapeutics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Switzerland, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Israel, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Influencing Trend:
Increasing Incidences of Respiratory Diseases Coupled and Upsurging Healthcare Expenditure
Market Growth Drivers:
Growing Amount of Pollution All Over the World and Rise in the Number of Smokers
Challenges:
Lack of Patient Acquaintance with the Standard Therapies
Restraints:
Costly Medications of Asthma Therapeutics
Opportunities:
Huge Demand for Diagnostic Tools to Deliver a Reliable Diagnosis Of Asthma In Young Children and The Innovation of New Drugs
Market Leaders and their Expansionary Development Strategies
On 8th July 2021 - Royal Philips, a global leader in health technology, and Cognizant, a world-leading professional services firm, today announced a new collaboration to develop end-to-end digital health solutions that will enable healthcare organizations and life sciences companies to improve patient care and accelerate clinical trials., On 28th June 2021 - Teva Pharmaceutical Industries Ltd. (NYSE: and TASE: TEVA) and Bioeq AG announced that they have entered into a strategic partnership for the exclusive commercialization of Bioeq's FYB201, a biosimilar candidate to Lucentis (ranibizumab) in Europe, Canada, Israel and New Zealand. and 20th December 2018, AstraZeneca has announced that the European Commission (EC) has approved Bevespi Aerosphere (glycopyrronium/formoterol fumarate) in a pressurized metered-dose inhaler (pMDI) as a maintenance dual bronchodilator treatment to relieve symptoms in adult patients with chronic obstructive pulmonary disease (COPD).
February 2023 New data on the Digihaler system, a US affiliate of Teva Pharmaceuticals USA, Inc., Teva Pharmaceutical Industries Ltd., presented at the American Academy of Allergy, Asthma and Immunology (AAAI) 2023 Annual Meeting, February 24-27 has been announced. in San Antonio, Texas. The data includes the results of the CONNECT2 clinical trial program and the actual use of smart inhaler systems by patients and healthcare professionals.
Guidelines for the Diagnosis and Management of Asthma (EPR-3) are a set of recommendations for ideal asthma management. EPR-3 provides guidance for selecting treatment based on a patient's individual needs and level of asthma control. The guidelines emphasize that while asthma can be controlled, the condition can change over time and differs among individuals and by age groups. Thus, it is important to monitor the patient's level of asthma control regularly so that treatment can be adjusted as needed.
Key Target Audience
Medical Institutes, Government Research Organizations, Private Research Organizations, Government Regulatory Bodies and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.