North America, followed by Europe, has the largest market for asthma treatment due to developed healthcare infrastructure, drug innovation and rise in aging population. In addition, technological advancement for the treatment of asthma and rise in asthma patients in this region are driving the North American asthma treatment market. Asia is expected to experience high growth rate in the asthma treatment market in next few years due to growing asthma patients, increasing disposable income, rise in environmental pollution, increasing number of smokers and developing healthcare infrastructure in the region.
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Increasing incidence of asthma cases, advanced inhaler devices, innovation in biological drugs, rise in the death rates, increasing pollution level, growing aging population are expected to drive the market for asthma treatment, In addition, increasing population of smokers, rise in disposable income, increasing awareness about the benefits of timely diagnosis of asthma and growing demand for better healthcare facilities are expected to drive the market for asthma treatment. However, increasing number of patent expiration of drugs, rise in use of generic drugs and high cost of asthma treatment are some of the major factors restraining the growth for global asthma treatment market.
Growing demographics and economies in the developing countries such as India and China is expected to lead the growth in asthma treatment market in Asia. In addition, demand for novel biologic drugs for asthma treatment, rise in need for personalized therapies to control severe asthma, increasing focus on contract manufacturing outsourcing (CMO), rise in awareness about the benefits of timely diagnosis and equipments available in the market for the detection of asthma and need for low cost of asthma therapies are expected to offer new opportunities for global asthma treatment market. Increasing number of mergers and acquisitions, rise in number of collaborations and partnerships, rise in popularity of combination therapies and new product launches are some of the latest trends that have been observed in global asthma treatment market.
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Some of the major companies operating in the global asthma treatment market are AstraZeneca, Merck & Co., Chiesi Farmaceutici, GlaxoSmithKline, Novartis AG and F. Hoffmann-La Roche. In addition, some other companies operating in global asthma treatment market are Cipla,, Dr. Reddy’s Laboratories, Actavis, Orchid Chemicals and Pharmaceuticals, Abbott and Pfizer.
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