SEATTLE, July 15, 2022 /PRNewswire/ -- According to Coherent Market Insights, the global pulmonary drugs market is estimated to be valued at US$ 41.32 billion in 2022 and is expected to exhibit a CAGR of 8.1% during the forecast period (2022-2030).
Key Trends and Analysis of the Global Pulmonary Drugs Market:
Major players operating in market are focusing on adopting inorganic strategies such as acquisition for developing pulmonary drugs. For instance, in November 2021, Sanofi S.A., a Pharmaceutical Company, announced the completion of its acquisition of Kadmon Holdings, Inc. The acquisition further strengthens growth and expansion for the General Medicines portfolio of Sanofi for pulmonary drugs. Sanofi completed its acquisition of Kadmon through the merger of a wholly owned subsidiary of Sanofi with and into Kadmon, pursuant to Section 251 of the General Corporation Law of the State of Delaware, with Kadmon continuing as the surviving corporation and becoming an indirect, wholly owned subsidiary of Sanofi.
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Key Market Takeaways:
Global pulmonary drugs market is expected to exhibit a CAGR of 8.1% during the forecast period due to the increasing prevalence of chronic obstructive pulmonary diseases and other respiratory diseases across the world, which is one of the leading causes of death and disability. Thus, the prevention, treatment, and control of these diseases is one of the top priorities for governments of countries and players in the healthcare sector. According to the World Health Organization, 2017, Chronic Obstructive Pulmonary Diseases (COPD) was responsible for about 5% of the total deaths worldwide in 2015. Furthermore, according to the Office of Disease Prevention and Health Promotion 2014, 25 million patients in the U.S. had asthma that led to an estimated annual expenditure for asthma turning around to US$ 20.7 billion. Moreover, in January 2020, estimated that the global prevalence of COPD was 10·3% in 2019, accounting for 391·9 million cases among people aged 30-79 years, on the basis of the GOLD definition, and 7·6%, accounting for 292·0 million cases.
Among applications, asthma and Chronic Obstructive Pulmonary Disease (COPD) segment holds a dominant position in the pulmonary drugs market, owing to the rising incidence of the condition worldwide.
Key players operating in the global pulmonary drugs market include Sanofi SA, Meda Pharmaceuticals, Circassia Pharmaceuticals Plc., AstraZenca Plc., GlaxoSmithKline Plc., Mallinckrodt Pharmaceuticals Plc., Cheisi farmaceutici S.p.A., Zambon Company S.p.A., Alaxia SAS, and Merck Sharp & Dohme Limited.
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Detailed Segmentation:
Global Pulmonary Drugs Market, By Drug Class:
- Inhaled Corticosteroids
- Long Acting Beta-2 Agonists
- Antihistamines
- Vasodilators
- Short Acting Beta-2 Agonists
- Others
Global Pulmonary Drugs Market, By Application:
- Asthma & COPD
- Allergic Rhinitis
- Pulmonary Arterial Hypertension
- Cystic Fibrosis
- Others
Global Pulmonary Drugs Market, By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- E-Commerce
Global Pulmonary Drugs Market, By Region:
- North America
- By Country:
- U.S.
- Canada
- Europe
- By Country:
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Country:
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- By Country:
- GCC Countries
- Israel
- South Africa
- Rest of Middle East & Africa
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