Emphysema Market: Qualitative Analysis Of The Leading Players And...

Emphysema Market: Qualitative Analysis Of The Leading Players And Industry Scenario, 2030

Posted 2023-12-05 06:15:09

Market Dynamics The emphysema market is poised to experience a strong compound annual growth rate (CAGR) in terms of revenue during the forecast period. The growth in market revenue is primarily attributed to factors such as the increasing prevalence of respiratory diseases, including chronic bronchitis and emphysema. Additionally, there is a significant demand for treatment options like smoking cessation medications and antibiotics, which further fuels the growth of the emphysema market.

Key Market Trends and Innovations

There is a growing trend toward novel drug therapies in emphysema treatment, including biologics and drug combinations.
Clinical trials have been conducted on biologic drugs like GLASSIA and Zemaira, as well as a molecule named G8W15SF, to evaluate their efficacy in treating Chronic Obstructive Pulmonary Disease (COPD) and emphysema.
Researchers at NUS Biological Sciences have identified a protein named isthmin 1 with potential in developing biologics for treating COPD, including emphysema.

Organic and Inorganic Strategies

On March 15, 2022, the US Food and Drug Administration approved the first generic version of Symbicort, which is a drug-device formulation designed to reduce exacerbations in COPD, including emphysema.

According to the World Health Organization, the global population suffering from Chronic Obstructive Pulmonary Disease (COPD), often caused by factors like urbanization and cigarette smoking, stands at nearly 210 million individuals.

Emphysema is a condition that results in shortness of breath and damages the alveoli. Over time, it leads to the rupture of the inner walls of air sacs, reducing the surface area of the lungs, thereby decreasing the amount of oxygen entering the bloodstream.

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Key Factors Supporting Market Growth Drivers

Regular cigarette smoking is a major contributor to the growth of the emphysema market. A study by the American Lung Association (ALA) found that smoking cigarettes alone was responsible for 85% to 90% of all chronic obstructive lung illnesses (COPDs) in 2019.
The increasing prevalence of emphysema and exposure to air pollutants, dust, and chemical fumes are driving market growth. Approximately 14 million people are affected by emphysema in the United States.

Restraints

High drug approval costs and low awareness of the disease are significant factors restraining the growth of the emphysema market. Additionally, the side effects and risks associated with emphysema drugs are expected to hamper market growth.

Opportunities

The demand for novel drug therapies with fewer side effects and the development of combination and new treatments present substantial opportunities for the growth of the emphysema market.

Largest Market Share The North America market is expected to hold the highest share of revenue during the forecast period, as emphysema is prevalent in most countries in North America. The growth in this region is driven by factors such as an increase in the number of smokers, an aging population, demand for advanced treatments, the establishment of healthcare facilities, and increased government funding.

Fastest Growing Region The Asia Pacific region is anticipated to grow at the fastest rate during the forecast period, primarily due to increased investments by market players, rising healthcare expenditure, a surge in cigarette smokers, escalating pollution levels, and a growing geriatric population. Furthermore, the increasing prevalence of smoking and stressful lifestyles are likely to contribute to the incidence of emphysema in this region.

What Our Report Provides and Why Our Offering Is Superior This report offers historical data, forecasts, and revenue growth analysis at the global, regional, and country levels, along with insights into industry trends and consumption patterns for each region, major country, and segment from 2019 to 2030. The global market report covers industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and revenue share contributions from each regional and country market. Additionally, the report provides industry analysis, competitive landscape, company financials, and impact analysis.

Major Companies in the Market Include

Boehringer Ingelheim International GmbH
GlaxoSmithKline plc
Novartis International AG
AstraZeneca
Pfizer Inc.
Teva Pharmaceutical Industries Ltd.
Merck & Co.
3M
Intersect ENT
Apotex Inc.
Amneal Pharmaceuticals LLC.
Mylan N.V
OptiNose US Inc.

Disease Type Outlook:

Centriacinar
Paracinar
Paraseptal
Others

Treatment Type Outlook:

Bronchodilators
Corticosteroids
Antibiotics
Others

Route of Administration Outlook:

Oral
Nasal

Product Outlook:

Tablet
Capsule
Inhalers

Distribution Channel Outlook:

Online
Offline

End-Users Outlook:

Hospitals
Clinics

Region Outlook:

North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Spain, Sweden, BENELUX, Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Rest of APAC)
Latin America (Brazil, Rest of LATAM)
Middle East & Africa (Saudi Arabia, UAE, South Africa, Israel, Rest of MEA)

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