The global asthma and COPD market is predicted to be worth US$ 30,710.2 million, and by 2027

More than a "smoker's cough" or a chronic cough and shortness, Chronic Obstructive Pulmonary Disease (COPD) is defined by a persistent restriction of airflow in the lungs, resulting in abnormal sputum. Cough, dyspnea (shortness of breath) and wheezing, sputum, chest infections, weight loss, weariness, and ankle swelling are all symptoms of COPD.

In 2020, the global asthma and COPD market is predicted to be worth US$ 30,710.2 million, and by 2027, it is expected to be worth US$ 42,608 million.


Global Asthma and COPD Market: Drivers

Over the forecast period, the worldwide asthma and COPD market is expected to rise due to rising COPD prevalence. According to the Global Initiative for Chronic Obstruction Disease's 2018 study, COPD is estimated to kill 4.5 million people worldwide each year by 2030.

Furthermore, the industry is predicted to rise as the number of smokers grows. According to the World Health Organization, 1.337 billion people globally smoked tobacco in 2018.

In terms of value, Combination Therapies dominated the global asthma and COPD market in 2019, accounting for 57.0 percent of the market, followed by Bronchodilators and Anti-Inflammatories.

The market players are adopting various strategies such as product launches, developments, collaborations, acquisitions and expansions to increase market share. For example, in July 2020, the European Commission (EC) approved Novartis AG's Enerzair Breezhaler (indacaterol acetate, glycopyrronium bromide, and mometasone furoate [IND/GLY/MF]) as a maintenance treatment for asthma in adult patients who are not adequately controlled with a maintenance combination of a long-acting beta2 agonist (LABA) and a high-dose inhaled corticosteroid (ICS) who experienced one or more asthma exacerbations in the previous year.However, over the projected period, factors such as strict government requirements for product approval and pharmacological side effects are expected to stymie market expansion.

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