Asthma Therapeutics Market

May 2020| VMR1974A| Verified Market Research

Report Highlights

Asthma Therapeutics Market Size And Forecast

According to Verified Market Research, the Asthma Therapeutics Market was valued at USD 16.6 Billion in 2018 and is projected to reach USD 19.23 Billion by 2026, growing at a CAGR of 1.8% from 2019 to 2026.

Global Asthma Therapeutics Market Outlook

The global asthma therapeutics market is primarily driven by increasing prevalence of respiratory diseases. Also, the increasing awareness activities are augmenting the growth of asthma therapeutics market. For instance, in May 2019, Koninklijke Philips N.V., launched campaign to increase awareness of asthma and other related respiratory diseases, specifically in children. Besides, consistent research and development activities and new product launching for asthma treatment by key players are expected to fuel the market growth. For instance, in May 2019, FindAir Company launched its new Smart Inhaler Device FindAir One. On the other hand, product recall is a major factor limiting the market growth. For instance, in August 2018, Camber Pharmaceuticals were issued product recall alert from U.S. Food and Drug Administration for its Montelukast Sodium Tablets.

Global Asthma Therapeutics Market Competitive Landscape

The Global Asthma Therapeutics Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Teva Pharmaceutical Industries Ltd., Merck& Co., Inc., GlaxoSmithKline Plc., AstraZeneca Plc., Philips Healthcare, Roche Diagnostics, Boehringer Ingelheim GmbH, CareFusion Corporation, Sanofi-Aventis SA, Sunovion Pharmaceuticals, Inc., and Philips Healthcare.

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