23-Aug-2021 | Zion Market Research
The respiratory disorders treatment market is slated to garner revenue about USD 112.5 billion by 2028 with a CAGR of 6.1% from 98.9 billion in 2020, as per Zion Market Research Report. Surge in smart inhalers for administering COPD medicines for treating respiratory disorders & lung infections will steer growth of respiratory disorders treatment industry during forecast period. Prominent rise in respiratory ailments, increase in supportive care products for fulfilling demand for treating respiratory ailments, and improvement in healthcare services will steer growth of respiratory disorders treatment business across globe in foreseeable future. With SARS-CoV-2 directly affecting respiratory organs of patients, researchers in healthcare domain are focusing on developing new drugs for reducing impact & severity of COVID-19 on patients. This, in turn, will enlarge scope of respiratory disorders treatment market during assessment timeline. Thriving pharma sector will further improve respiratory disorders treatment market trends.
Supportive Government Schemes To Drive Market Revenue By 2028
Expansion of respiratory disorders treatment market during forecast period can be due to favorable government policies pertaining to treating of respiratory diseases. For instance, initiatives such as Quest 2020 by Indian government for addressing issues such as airborne respiratory disorders will create encourage other countries to follow the suit. All such initiatives and favorable moves will contribute significantly towards overall size of market in the upcoming years. Introduction of new modes of treating respiratory diseases will assist respiratory disorders treatment market explore new spheres of growth in near future.
North America To Dominate Industry Growth During 2021-2028
The regional dominance of North America over the forthcoming years can be attributed to approval generic medicines by U.S. FDA for treating chronic respiratory ailments. In addition to this, strong presence of advanced healthcare infrastructure in countries such as the U.S. will promulgate growth of respiratory disorders treatment market in North America. With healthcare & fitness becoming top-most priority of people in developed countries such as Canada and the U.S., the regional market is predicted to gain traction over ensuing years. Availability of effective medical treatment facilities in the sub-continent and presence of renowned healthcare professionals in developed countries of region will spike growth of respiratory disorders treatment industry in sub-continent. Growing inclination towards utilization of alternative therapies such as Ayurveda, Unani, and Homeopathy along with allopathic mode of treatment will enhance market profitability in region within span of next few years.
Key participants profiled in study include are Boehringer Ingelheim International GmbH, Mylan N.V., AstraZeneca plc, GlaxoSmithKline plc, Novartis AG, CHIESI Farmaceutici S.p.A, Teva Pharmaceutical Industries, Cipla, Roche Diagnostics, Sanofi, Merck & Co., Inc., and Vertex Pharmaceuticals Incorporated.
Browse the full “Respiratory Disorders Treatment Market - By Disease(Asthma, Chronic Obstructive Pulmonary Disease [COPD], Lung Cancer, Respiratory Tract Infection, Allergic Rhinitis, Cystic Fibrosis [CF]), By Drug Class (Bronchodilators, Combination Drugs, Immunotherapy, Corticosteroids, Antibiotics, CFTR, Target Therapy, And Immunotherapy), By Distribution Channel(Hospital Pharmacies, Retail Pharmacies, And Online Pharmacies), By Route Of Administration (Oral, Nasal, And Injectable), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/respiratory-disorders-treatment-market
The global Respiratory Disorders Treatment Market is segmented as follows:
By Drug Class
By Distribution Channel
By Route of Administration
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