19 March 2019
Visiongain has published a new pharma report Global Asthma & COPD Therapies Market 2019-2029: Bronchodilator Monotherapy, Anticholinergics, Short-acting Beta-Agonists (SABAs), Long-acting Beta-Agonists (LABAs), Long-acting Muscarinic Antagonists (LAMAs), Anti-Inflammatory Drugs, Corticosteroids, Anti-Leukotrienes, Monoclonal Antibodies, Combination Drugs.
The global asthma & COPD therapies market was valued at $32bn in 2018 and is projected to grow at a CAGR of 6.0% in the first half of the forecast period.
Despite approaching maturity, there remain several unmet needs in the market. In particular, COPD has long been ignored both by medical practitioners, the general public and also the pharmaceutical industry. As the disease is predicted to become the third-leading cause of death by 2030, this will be an area in which novel therapeutics may bring in significant revenue.
The asthma market is becoming highly competitive and fragmented, but there remain significant areas with unmet needs. Pharmaceutical companies will depend on life cycle management strategies in the immediate future to maintain profits with newer pipeline products becoming available over the forecast period.
The lead analyst commented that "Recent studies and expert opinion suggest that the asthma and COPD market is more segregated than previously believed. The studies suggest that varying genotypes and phenotypes lead to different patients reacting differently to the same drug. This will drive demand for personalised therapies targeting the needs of each patient subgroup. Drugs paired with tests for biomarkers could become more frequent in the R&D pipeline going forward."
Leading companies featured in this report include AstraZeneca, Boehringer Ingelheim, GSK, Merck, Novartis, Roche, Teva and others.
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