Asthma Treatment Market Size Worth USD 39.04 Billion, Globally, by 2032 at a CAGR of 3.8%

The global Asthma Treatment market size is projected to reach USD 39.04 billion in 2032, at compound annual growth rate (CAGR) of 3.8% during the forecast period. The global Asthma Treatment industry was valued at USD 26.88 billion in 2022.

Full Report is Ready | Download Free Sample Copy with TOC@ https://www.novaoneadvisor.com/report/sample/6270

Growth Factors:

The global asthma treatment market is majorly driven by the increasing prevalence of asthma and rising levels of pollution. In line with this, the growing occurrence of psychological disorders and?biologics?for asthma management significantly contributes to market growth. Air pollution has an adverse impact on asthma outcomes in both adults and kids. The surging prevalence of respiratory diseases such as chronic obstructive pulmonary disease, chronic bronchitis, emphysema, lung cancer, asthma, and pleural effusion positively influences the market growth.

The escalating demand for asthma treatment drugs and the new product launches catalyze market growth. The growing need for advanced therapeutics and increasing demand for?asthma drugs?propel market growth. The escalating awareness of advanced and efficient asthma therapeutics and the presence of leading market players favors market growth. The increasing prevalence of COPD and advancement in respiratory disease therapy strengthen market growth.

The expanding rates of respiratory illnesses and spreading awareness about asthma treatment bolster market growth. The increasing popularity of meter portion inhalers and dry powder inhalers and the high efficacy of long-acting muscarinic adversary inhaled corticosteroid creates a positive outlook for the market. The increased demand for cost-effective treatment options catalyzes market growth. As per the report by the Global Initiative for Asthma (GINA), around 300 million patients were affected by asthma in 2013.

The rapid adoption of asthma therapeutics worldwide and surging indoor and outdoor causative agents, including pollution, allergens, and dust, propels the market growth. The changing lifestyles that influence the prevalence of asthma stimulate market growth. The rising adoption of inhaled therapeutics and significant growth in the pharmaceutical industry creates a positive outlook for the market. The increasing geriatric population, susceptible to asthma, boosts market growth. The rising pipeline products, along with initiatives by the government, fuel market growth.

The shifting focus on research and development activities and rapid technological advancements foster market growth. The strategic developments by the major players offer lucrative opportunities for market growth. As cancer cases increased, the Covid 19 pandemic positively impacted the asthma treatment market. People with coronavirus faced severe breathing problems, raising the demand for asthma treatment.

The leading players are focusing on acquisitions and mergers to enhance their position in the global market. Asthma treatment includes bronchodilators, anti-inflammatory drugs, corticosteroids, long-acting beta-agonists (LABA), methylxanthine, immunomodulators, and leukotriene modifiers. The improvements in diagnostic technologies and the widespread availability of effective asthma therapeutics drive market growth. The development of combination therapies for the treatment of asthma, rising healthcare expenditures, improvements in the healthcare infrastructure, and extensive research and development activities boost the market growth.

Market Drivers

Increasing air pollution triggering asthma cases

• Asthma is a chronic respiratory condition marked by fluctuating airflow restriction, bronchial hyper responsiveness, and inflammation of the airways. Air pollution appears to have a negative impact on asthma outcomes in both adults and children, according to research. Air pollution from traffic, nitrogen dioxide, and secondhand smoking (SHS) are all substantial risk factors for the development of asthma in children. Nonetheless, a link between air pollution and adult asthma development has yet to be demonstrated. Asthma symptoms, exacerbations, and decreased lung function can all be triggered by exposure to outside pollution.
• For instance, in the US, Exposure to air pollution has long been associated with asthma, a serious and life-threatening chronic respiratory condition that impacts the quality of life of more than 23 million Americans. Asthma symptoms can be aggravated and asthma attacks might be triggered by air pollution. Children with asthma, which affects an estimated six million children in the United States, are particularly vulnerable to pollution.

Air pollution may impact DNA associated with asthma

• A new study financed by the Environmental Protection Agency (EPA) sheds light on the link between air pollution and asthma. While experts aren't sure why air pollution causes asthma, evidence suggests that it suppresses genes that control the immune system's ability to distinguish between an allergen and a hazardous foreign substance like a virus or bacteria. The immune system then goes into overdrive, triggering an inflammatory reaction regardless of whether the drug is toxic, resulting in asthma.
• Each of these asthma research has improved our understanding of childhood asthma and supplied crucial information to the Environmental Protection Agency (EPA) that may be used to protect human health and the environment.

Rising prevalence of psychological disorders to impact asthma in patients

• Asthma has been recognized as a disorder in which psychological elements play a significant role since the turn of the twentieth century. Clinicians understand that emotional stress can trigger or exacerbate asthma and that a patient's mental health can impair asthma control by influencing symptom presentation and treatment adherence. As a result, there is a bi-directional link between asthma and psychological issues.
• Asthmatics have been associated with periods of heightened emotionality, and asthma exacerbations have been linked to periods of heightened emotionality. Depressive disorders are likely to be more common among people with asthma than in the general population, according to a variety of prevalence estimates, some of which reach 40%. Remarkably, there is a link between depression and asthma in both families and individuals; familial studies imply that the prevalence of one condition is higher in the family members of index cases with the other. Patients with bipolar affective disorders tend to have a higher chance of acquiring IgE-mediated allergy diseases, such as asthma than the general population. Anxiety disorders also have an elevated prevalence in asthma, affecting up to one-third of asthmatic children and adolescents, as well as 24% of asthmatic adults.
• Unfortunately, ambiguous disease criteria, inconsistencies in nomenclature, limited samples, and an emphasis on outpatient or inpatient populations rather than the community complicate the research on the frequency of psychological and mental disorders in asthmatics. The World Mental Health Survey addresses some of these methodological issues by providing standardized data for 17 nations throughout the world.

Exposure to coarse particulate matter linked with asthma in children

• Researchers theorized that this was because younger children spend more time outside than older children and their respiratory systems are still maturing. This is the first study to look at the long-term impact of coarse PM on asthma in a countrywide sample of children in the United States.
• This conclusion is relevant because exposure to fine particulate matter (PM2.5) has been linked to the development of asthma and other respiratory and cardiovascular disorders in the past. Because the greater particle size restricts penetration deep into the lungs, coarse particulate matter was assumed to be less hazardous. Coarse PM, on the other hand, can settle in the lungs, and current evidence suggests that short-term exposure is linked to cardiovascular and respiratory problems.
• Between 2009 and 2010, researchers looked at a dataset of approximately eight million children aged 5 to 20 who were enrolled in Medicaid in 34 states. They discovered that coarse PM exposure was linked to an increase in asthma diagnoses, hospitalizations, and emergency department visits, with children aged 11 and under is the most vulnerable to the negative health impacts of coarse PM exposure.

Market Opportunity

Biologics for asthma management to open new market opportunities

A biologic is a drug derived from the cells of a live organism, such as bacteria or mice, then tailored to target specific molecules in humans. Antibodies, inflammatory chemicals, and cell receptors are the targets for asthma. Biologics attempt to disrupt the processes that contribute to inflammation, which causes asthma symptoms, by targeting these molecules.

Patients who continue to experience symptoms despite taking normal daily controller drugs are given a biologic. Symptoms of poorly controlled asthma include recurrent hospital admissions, emergency room visits, or the need for oral steroids for exacerbations; waking up at night with difficulty breathing; requiring a fast-acting reliever medication, such as albuterol, several times a day or week; and requiring a fast-acting reliever medication, such as albuterol, several times a day or week. Before prescribing a biologic, clinicians should ensure that the patient is taking all of their other controller medications as prescribed, avoiding any potential triggers, and treating any other medical illnesses that may be exacerbating their asthma.

The main advantage of biologics has been a reduction in the number of asthma exacerbations, which includes ER visits, hospitalizations, and the need for oral steroids. Reduced asthma symptoms, lower dosages of other controller medications, and fewer missed school and work days are among the other advantages. Biologics have been found to improve asthmatic patients' quality of life. Some biologics have been reported to help people with severe asthma improve their lung function.

Currently, five biologics for asthma are approved: omalizumab, mepolizumab, reslizumab, benralizumab, and dupilumab, with numerous more in the works. Omalizumab is an antibody that targets IgE allergy antibodies. Mepolizumab, reslizumab, and benralizumab all target eosinophils, a type of cell that plays a role in allergic inflammation. Dupilumab is a monoclonal antibody that targets a receptor for two molecules that cause allergic inflammation. To determine which biologic might be best for treating asthma, a doctor will obtain screening tests such as blood work or environmental allergen skin prick testing. Except for reslizumab, omalizumab is approved for patients as young as six years old. All other biologics, except for reslizumab, are approved for individuals as young as twelve years old. Adults aged 18 and up are permitted to use Reslizumab.

Biologics have been proved in trials to be quite safe and have little side-effects. Although biologics are more expensive than other controller drugs, the price is likely to drop as demand grows, the introduction of new biologics, and manufacturing economies of scale are realized.

Regional Analysis

The North America region is accounted the largest revenue share of over 42.3% in 2020. This segment was valued USD 10,852 million in 2021 and is expected to reach with a registered CAGR of 2.05 over the forecast period.

US

In 2018, 24.8 million Americans, or 7.7% of the population, had ever been diagnosed with asthma and reported that they still had asthma. Current asthma prevalence rates increased at a statistically significant average rate of 0.1 points per year from 2001 to 2010. Between 2010 and 2018, the average annual change was statistically insignificantly different and remained flat.

Asthma is linked to a variety of factors, including gender, race, ethnicity, and socioeconomic level, with males experiencing the condition at a higher rate than girls in childhood. In maturity, the trend reverses, with more women than males suffering from asthma. Race and ethnicity have a substantial impact on prevalence rates. When compared to any other racial or ethnic group in the United States, Puerto Ricans have the highest rate of asthma prevalence. In addition, black Americans are diagnosed with asthma at a higher rate than white Americans.

Some of the prominent players in the Asthma Treatment Market include:

• AstraZeneca
• Teva Pharmaceutical Industries Ltd.
• GlaxoSmithKline plc
• Boehringer Ingelheim International GmbH
• Roche Holding AG / Novartis AG
• Merck & Co., Inc.
• Koninklijke Philips N.V.
• Sanofi-Aventis SA
• MundiPharma.

Segments Covered in the Report

This report forecasts the volume and revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor has segmented the Asthma Treatment market.

By Medication

• Quick-relief medication
• Long-term control medication

By Route of Administration

• Inhalers
• Prefilled syringes/vials
• Others

By Adjunct Therapy

• LAMA (long-acting muscarinic antagonists)
• LABA (long-acting beta antagonists)
• Others

By Distribution Channel

• Online pharmacies
• Hospital pharmacies
• Retail pharmacies & drug stores

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa

Immediate Delivery Available | Buy This Premium Research Report@ https://www.novaoneadvisor.com/report/checkout/6270

Unlocking Market Insights through Data Excellence

?The "Precedence Statistics" flexible dashboard is a powerful tool that offers real-time news updates, economic and market forecasts, and customizable reports. It can be configured to support a wide range of analysis styles and strategic planning needs. This tool empowers users to stay informed and make data-driven decisions in various scenarios, making it a valuable asset for businesses and professionals looking to stay ahead in today's dynamic and data-driven world.

?Access our Premium Real Time Data Intelligence Tool, Visit: www.precedencestatistics.com

You can place an order or ask any questions, please feel free to [email protected]| +1 9197 992 333

About US

Nova One Advisor is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Nova One Advisor has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

Connect with US

• Apt 1408 1785 RiversideDrive Ottawa, ON, K1G 3T7, Canada
• 2nd Floor, Shreeleela Plaza, Baner Road,Pune, Maharashtra - 411045
• USA - +1 9197 992 333 IND - +91 93077 85324
• [email protected]

Web: https://www.novaoneadvisor.com/

Blog: https://www.precedenceresearch.com/

Blog: https://www.towardshealthcare.com

Blog: https://www.towardspackaging.com