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Market Size in USD Billion
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USD 24,847.56 Million |
| USD 34,798.31 Million | |
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Global Asthma Disease Market, By Classification Type (Mild Intermittent Asthma, Mild Persistent Asthma, Moderate Persistent Asthma and Severe Persistent Asthma), Duration of Action Type (Long-Term Asthma Control Medications, Inhaled Corticosteroids, Anticholinergics, Tiotropium Bromide, Leukotriene Modifiers, Long-Acting Beta Agonists, Salmeterol, Formoterol, Arformoterol, Theophylline, Quick-relief (rescue) Medications, Short Acting Beta Agonists, Albuterol sulphate, Salbutamol, Allergy Medications, Allergy Shots (immunotherapy), Omalizumab (Xolair) and Others), Route of Administration (Oral, Inhaled, Intravenous and Others), End-Users (Hospitals, Homecare, Specialty Clinics and Others) – Industry Trends and Forecast to 2030.
According to the global asthma report, an estimated 339 million people worldwide have asthma. It is one of the most common chronic diseases globally. The incidence of asthma can be influenced by factors such as genetics, environmental exposures (such as allergens and pollutants), socio-economic status, and healthcare access. However, the burden of asthma in low- and middle-income countries is increasing due to various factors such as urbanization, changing lifestyles, and exposure to environmental triggers.
Data Bridge Market Research analyses that the asthma disease market which was USD 24,847.56 million in 2022, would rocket up to USD 34,798.31 million by 2030, and is expected to undergo a CAGR of 4.3% during the forecast period. This indicates the market value. “Quick-relief (rescue) Medications” dominates the duration of action type segment of the asthma disease market owing to the growing demand for better methods for treatment in asthma patients. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, and Pricing in USD
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Segments Covered
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Classification Type (Mild Intermittent Asthma, Mild Persistent Asthma, Moderate Persistent Asthma and Severe Persistent Asthma), Duration of Action Type (Long-Term Asthma Control Medications, Inhaled Corticosteroids, Anticholinergics, Tiotropium Bromide, Leukotriene Modifiers, Long-Acting Beta Agonists, Salmeterol, Formoterol, Arformoterol, Theophylline, Quick-relief (rescue) Medications, Short Acting Beta Agonists, Albuterol sulphate, Salbutamol, Allergy Medications, Allergy Shots (immunotherapy), Omalizumab (Xolair) and Others), Route of Administration (Oral, Inhaled, Intravenous and Others), End-Users (Hospitals, Homecare, Specialty Clinics and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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Merck & Co., Inc. (U.S.), Sanofi (France), Novartis AG (Switzerland), Astellas Pharma Inc. (Japan), Pfizer Inc. (U.S.), Abbott (U.S.), Eli Lilly and Company (U.S.), Bristol-Myers Squibb Company (U.S.), Takeda Pharmaceutical Company Limited. (Japan), F. Hoffmann-La Roche Ltd (Switzerland), Boehringer Ingelheim International GmbH (Germany), Mylan N.V (U.S.), GlaxoSmithKline plc (U.K.), Regeneron Pharmaceuticals Inc (U.S.), AstraZeneca (U.K.), AbbVie Inc. (U.S.), Teva Pharmaceutical Industries Ltd. (Israel), Vectura Group plc (U.K.), Sunovion Pharmaceuticals Inc. (U.S.) and Alkermes (Ireland), among others
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Market Opportunities
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Market Definition
Asthma is a respiratory disease that results in narrowing the airways which leads to difficulty in breathing. Asthma leads to excessive development of mucous in the windpipe which results in period but repetitive attack of breathlessness. Asthma also brings along chest pain, coughing and congestion. Asthma results in lung inflammation and tightens the muscles.
Drivers
The rising prevalence of asthma worldwide is a significant driver of the asthma disease market. Factors such as environmental pollution, urbanization, and changes in lifestyle contribute to the increasing incidence of asthma
Increasing awareness about asthma and its symptoms has led to improved diagnosis rates. This in turn, drives the demand for asthma treatments and medications
Government initiatives focused on improving asthma management, providing better access to healthcare, and raising awareness about asthma contribute to the growth of the market. Healthcare policies that support affordable and accessible asthma treatments also drive market expansion
The rise in healthcare expenditure, particularly in developing countries, supports the growth of the asthma disease market. Increased spending on healthcare infrastructure, research and development, and access to medications positively impacts market growth
Opportunities
Pediatric asthma is a significant market opportunity, as the prevalence of asthma in children continues to rise. There is a need for age-appropriate asthma medications, devices, and management strategies to address the unique challenges faced by children with asthma
Inhaler devices play a crucial role in asthma management. Advancements in inhaler technology, such as smart inhalers and digital health solutions, present opportunities for improved medication adherence, monitoring, and patient engagement
Restraints/Challenges
The cost of asthma medications, particularly newer biologics and targeted therapies, can be high. This can limit access to these treatments, especially in developing countries or for individuals without adequate insurance coverage. Affordability remains a significant challenge in the asthma disease market
Despite efforts to raise awareness about asthma, there is still a significant proportion of undiagnosed or underdiagnosed cases. Lack of awareness among patients and healthcare providers can lead to delayed diagnosis and inadequate management of asthma
While advancements have been made in the treatment of asthma, there is still a need for more effective and targeted therapies, especially for individuals with severe asthma. Limited treatment options for severe asthma pose a challenge in achieving optimal asthma control for these patients
Regulatory requirements and reimbursement policies can pose challenges for market players. Obtaining regulatory approvals and reimbursement coverage for asthma medications and devices can be time-consuming and costly, impacting market entry and adoption
This asthma disease market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the asthma disease market contact Data Bridge Market Research for an analyst brief, our team will help you make an informed market decision to achieve market growth
Recent Developments
The asthma disease market is segmented on the basis of classification type, duration of action type, route of administration and end-users. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Classification Type
Duration of Action Type
Route of Administration
End-Users
The global asthma disease market is analysed and market size insights and trends are provided by classification type, duration of action type, route of administration and end users as referenced above.
The countries covered in the asthma disease market report are U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa.
North America dominates the asthma disease market because of the strong base of healthcare facilities, the strong presence of major players in the market, the extraordinary healthcare infrastructure, and the large pool of people having respiratory diseases specifically asthma.
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote healthcare, the rising health awareness among the people and growing demand for advanced medical technology for diagnosis and treatment procedures, the large population pool, and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
The asthma disease market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the company’s focus related to the asthma disease market.
Some of the major players operating in the asthma disease market are:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.