What is an Asthma: Top companies & Latest Innovation
What is an Asthma:
Asthma is a lung disease; i.e. a chronic condition that
causes inflammation and narrowing of the bronchial tube (the passageways that
permit air to pass in and leave the lungs). Some of the symptoms of asthma
include shortness of breath, coughing, wheezing and chest tightness.
The factors that propel the Asthma Market size include
innovation in drugs, rising occurrences of asthma cases, mounting geriatric
population, rising number of smokers, growth in the disposable income,
developing healthcare infrastructure and facilities, and intensifying pollution
level.
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On the other hand, there are also factors that hinder the
global Asthma Market size such as the patent expiry of drugs, high expenditure
on treatment, and growth in use of generic drugs. The global Asthma Market size
spans type, device type, drug type, route of administration, and geography. On
the basis of type, the global Asthma Market size constitutes allergic asthma
and non-allergic asthma. The allergic asthma is basically caused due to exposure
to allergens like pollens from weeds, trees, etc., dust, and so on. On the
other hand, the non-allergic asthma is basically caused due to exercise,
stress, cold, flu, etc.
On
the basis of device type, the global Asthma Market size constitutes inhalers and
nebulizers. The “inhalers” segment is further sub-categorized as dry powder,
soft mist inhalers (SMIs), metered dose inhalers (MDIs). Nebulizers are devices
that carry the drug in a fluid form that is dispensed by the compressed air.
The “nebulizers” segment is further sub-categorized as mesh nebulizers,
compressor nebulizers, and ultrasonic nebulizers. In 2015, the metered dose
inhalers (MDIs) accounted for the largest share of the global Asthma Market
owing to the ease of availability, consistency, portability, flexibility, and
cost-effectiveness.
The
features like portability, noteworthy benefits in the home healthcare
applications, and ideal design that enables dispense medication directly to the
respiratory track are estimated to offer prospective growth opportunities for
its high utility. On the basis of drug type, the global Asthma Market
size spans anti-inflammatory, immunosuppressant, bronchodilators, mast cell
stabilizers, leukotriene antagonists, and combination of ICS/LABA. In this segmentation,
the combination drug type consisting of inhaled corticosteroids with
long-acting beta agonists dominated the global Asthma Market in 2015. The
factors that attribute to the large share of combination drug type are rise in
application rates due to twofold action of combination therapy and its high
efficacy rate.
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On
the basis of route of administration, the global Asthma Market size spans
inhaled, oral, intravenous, and subcutaneous. The inhaled route of
administration accounted for the largest market share of the Asthma Market in
2015. On the basis of geography, the global Asthma Market size
constitutes North America, Europe, Asia Pacific, and Rest of the World. North
America holds the largest share of the global Asthma Market due to rising number
of asthma patients, increase in geriatric population, drug innovation,
high-tech advancement, and developed healthcare infrastructure. The North
American market is tracked by Europe. During the forecast period, the Asia
Pacific’s market is projected to witness a high growth rate owing to factors
such as rise in population, increasing number of asthma patients, emerging
healthcare infrastructure and facilities, environmental pollution, growing
disposable income, and enlarging number of smokers.
What are the top companies?
Some
of the prominent players that fuel the growth of the Asthma Market include
AstraZeneca Plc, Philips Healthcare, 3M Health Care, Allied Healthcare Products
Inc., Sunovion Pharmaceuticals Inc., GlaxoSmithKline Plc, Novartis AG, Merck
& Co., Inc., GF Healthcare Products, Smith Medicals, Lincare Holdings Inc.,
and Baxter International.
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