PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1534942
PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1534942
The asthma market refers to the market for products that are used to address this condition through the creation, manufacturing, and sale of drugs, devices, and therapies that help control and treat asthma, a long-term illness that results in inflammation of airways and constriction of the bronchi. There is a growing focus on respiratory diseases and the development of new treatments wherein the growth of the market is attributed to the increasing incidences of asthma, the growing awareness among people about respiratory wellness, and the emerging options in the form of new inhalers and biologics. Also, there are more favorable governmental policies and higher consumer demand for individualized treatment, which complements conceptions of therapy adherence and results in better asthma management market trends.
The asthma market is expected to grow around ~5% during the forecast period (2024-2032). The Increasing incidence of asthma globally is due to environmental factors, allergens, and lifestyle changes that drive the growth of the asthma market. Also, ongoing research and development of new drugs and biologics targeting asthma control. For instance, in February 2023, Pulmatrix initiated a Phase 2b trial, dosing the first patient with PUR1900 for Allergic Bronchopulmonary Aspergillosis (ABPA) and asthma. The global study will assess safety, tolerability, and efficacy over 16 weeks, supporting Pulmatrix's collaboration with Cipla to bring therapy to patients with asthma, with proof-of-concept data expected by mid-2024.
Based on the marketed therapies, the market has been divided into TEZSPIRE, TRELEGY ELLIPTA, ARNUITY ELLIPTA, CINQAIR (reslizumab), FASENRA, (benralizumab), DUPIXENT (dupilumab), NUCALA (mepolizumab), AIRSUPRA (albuterol and budesonide), and XOLAIR (omalizumab). Among them, the TEZSPIRE held a significant market share in 2023. TEZSPIRE, a marketed therapy for severe asthma, is significantly driving the asthma market by offering a novel and effective treatment option for patients with uncontrolled asthma despite standard therapies. Its unique mechanism of action targets and inhibits thymic stromal lymphopoietin (TSLP), a key driver of asthma inflammation, providing broader efficacy across various types of severe asthma. The development of TEZSPIRE responds to a therapeutic need and contributes to the enhancement of the patient's status and the decrease in the number of exacerbations. Besides broadening the therapeutic approach, this therapy contributes to market development by increasing the use of new medical products by physicians and increasing investment in the development of innovative biologicals for respiratory diseases.
For a better understanding of the market adoption of asthma disease, the market is analyzed based on its 7MM presence in countries such as The U.S., Germany, the UK, France, Italy, Spain, and Japan. The U.S. held a dominant share of the market in 2023. The U.S. market for asthma diseases is substantial, driven by the high prevalence and significant healthcare burden of the disease. For instance, the current asthma prevalence among adults in the U.S. increased from 6.9% in 2001 to 8.0% in 2021. Larger populations aware and diagnosed, coupled with improved treatment choices, are the factors that help in the expansion of the market. The presence of novel treatment, including biologics, in combination with the common inhalers and tablets improves the control of both intermittent and severe asthma. The demand for healthcare facilities and innovations to decrease air pollution and enhance existing structures along with strong investment in pharmaceutical production by governments and companies also stimulate the market.
Some of the major players operating in the market include AstraZeneca, GSK plc, Cipla, Teva Pharmaceutical Industries Ltd., Sanofi, Avillion LLP, Novartis AG, CHIESI Farmaceutici S.p.A., Boehringer Ingelheim International GmbH, and AB Science.
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