Asthma Treatment Market will Witness Massive Growth Discussed in a New Market Research Report
The global asthma treatment market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each asthma treatment market player in a comprehensive way. Further, the asthma treatment market report emphasizes the adoption pattern of the asthma treatment market across various industries.
Retail pharmacies will drive the highest sales of asthma therapeutics with an estimated value of around US$ 17 Bn by 2027, as rapid expansion of retail pharmacies makes asthma therapeutics more accessible to patients. According to a recent Fact.MR study, hospital pharmacies with large drug inventories would also remain a crucial distribution channel in the asthma treatment market. As patients find it convenient to purchase drugs immediately after diagnosis, hospital pharmacies are likely to catalyse sales of asthma therapeutics during the forecast period (2020-2027). The study finds that, hospital pharmacies hold the potential to drive sales tantamount to US$ 10 Bn by 2027, in the asthma treatment market.
Leading players in the consolidated asthma treatment market, accounting for 60% of the total share, rely on organic growth strategy to develop an extensive product portfolios. These players aim to develop novel therapies and drugs through high investments in R&D activities. For instance, in 2018, AstraZeneca and its partner Amgen Inc., announced that the Food and Drug Administration (FDA) had granted Breakthrough Therapy designation to Tezepelumab, which is used for the treatment of severe asthma. Continuous introduction of new therapeutics strengthens their portfolios, and well-established brand identity of leading players further increases their sales prospects.
Fact.MR, in its new offering, brings to the fore an unbiased analysis of the global asthma treatment market, presenting historical demand data (2017-2019), and forecast statistics for the period of 2020-2027. The study divulges compelling insights on the asthma treatment market on the basis of treatment type (long-term asthma control medications and quick-relief (rescue) medications), route of administration (inhaled, oral, intravenous, and subcutaneous), and distribution channel (hospital pharmacies, retail pharmacies, and online pharmacies), across five major regions.
The asthma treatment market report highlights the following players:
- AstraZeneca
- Boehringer Ingelheim International GmbH
- GlaxoSmithKline plc
- Novartis AG
- Teva Pharmaceutical Industries Ltd
- Sumitomo Dainippon Pharma Co., Ltd
- Merck & Co., Inc.
- Hoffmann-La Roche Ltd.
- Sanofi
- Mylan N.V.
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The asthma treatment market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.
Important regions covered in the asthma treatment market report include:
- Middle East and Africa (GCC, South Africa)
- Latin America (Brazil, Mexico)
- Asia Pacific (Japan, India)
- Europe (Spain, Italy)
The asthma treatment market report takes into consideration the following segments by route of administration:
- Oral
- Inhaled
- Intravenous
- Subcutaneous
The asthma treatment market report contain the following end uses:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
The asthma treatment market report offers a plethora of insights which include:
- Changing consumption pattern among individuals globally.
- Historical and future progress of the global asthma treatment market.
- Region-wise and country-wise segmentation of the asthma treatment market to understand the revenue, and growth lookout in these areas.
- Accurate Year-on-Year growth of the global asthma treatment market.
- Important trends, including proprietary technologies, ecological conservation, and globalization affecting the global asthma treatment market.
The asthma treatment market report answers important questions which include:
- Which regulatory authorities have granted approval to the application of asthma treatment market in healthcare industry?
- How will the global asthma treatment market grow over the forecast period?
- Which end use industry is set to become the leading consumer of asthma treatment market by 2027?
- What manufacturing techniques are involved in the production of the asthma treatment market?
- Which regions are the asthma treatment market players targeting to channelize their production portfolio?
The asthma treatment market report considers the following years to predict the market growth:
- Estimated Year: 2027
- Forecast Year: 2020 – 2027
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