Chronic Respiratory Diseases Treatment Market: Overview
Chronic respiratory diseases that affects mainly the airways and other structures of the lungs. Chronic respiratory diseases includes chronic obstructive pulmonary disease, asthma, chronic sinusitis, occupational lung diseases, and pulmonary fibrosis, among others. The aforementioned diseases don’t have any cure but they can be treatable
Companies are focusing on the inhalational dosage forms owing to its faster action and quick relief than the conventional dosage forms. Various companies are developing dosage forms to reduce the dosage errors and ease to use. For instance, ProAir® HFA (albuterol sulfate) inhalational aerosol marketed by Teva Pharmaceuticals Ltd., the aerosol turns to red when the dosage in the inhaler nearly empty.
Furthermore, companies developed nebulizer systems that can deliver precise inhalational solution to treat COPD conditions. BROVANA® (arformoterol tartrate) Inhalation Solution marketed by Sumitomo Dainippon Pharma Co., Ltd deliver single dose inhalational solution to treat COPD conditions.
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Chronic Respiratory Diseases Treatment Market: Dynamics
Government initiatives, favorable reimbursement policies, increasing prevalence of chronic respiratory diseases, and raise in smoking population are boosting the growth of chronic respiratory diseases treatment market over the forecast period. Furthermore, higher air pollutant levels and rapid industrialization in developing countries have positive impact on the chronic respiratory diseases treatment market.
According to CDC statistics, in 2014, COPD is 4th leading cause of death in the U.S. market. Approximately 142,000 individuals died from COPD in the U.S. Lack of specific tests to diagnose the COPD conditions and side effects of the drugs are restraining the growth of the market over the forecast period.
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Chronic Respiratory Diseases Treatment Market: Regional Overview
Region wise, the global chronic respiratory diseases treatment market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, and Middle East and Africa.
North America expected to dominate the global market for chronic respiratory diseases treatment due to favorable government policies and increase in awareness about the chronic respiratory diseases are expected to drive the growth of the market over the forecast period. Large patient pool and increase in air pollutants in the Asia –Pacific excluding Japan market are expected to boost the growth of the chronic respiratory diseases treatment market growth in APEJ region over the forecast period.
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Chronic Respiratory Diseases Treatment Market: Segmentation
The global chronic respiratory diseases treatment market is classified on the basis of drug class, route of administration, distribution channel, and geography.
Based on drug class:
- Antibiotics
- Corticosteroids
- Mucolytic agents
- Bronchodilators
- Leukotriene Modifiers
- Monoclonal antibodies
- Others
Based on route of administration:
- Oral
- Parenteral
- Inhalational
Based on distribution channel:
- Retail Pharmacies
- Hospital Pharmacies
- Mail order Pharmacies
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