19 February 2021
Visiongain has published a new report on Inhalation and Nasal Spray Generic Drugs Market Report 2021-2031: Forecasts By Drug Class (Corticosteroids, Bronchodilators, Antihistamines, Combinations, and Decongestant Sprays), By Indication (Asthma, Chronic Obstructive Pulmonary Disease (COPD), Allergic Rhinitis, and Others), By Patient Demographics (Geriatric Patient, Adult Patient, and Pediatric), By End User (Hospitals, Homecare, Specialty Clinics, Academic and Research Institute, and Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies) PLUS Profiles of Leading Manufacturing Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global Inhalation and Nasal Spray Generic Drugs market was valued at US$ xx Million in 2020 and is projected to reach at a market value of US$ xx Million by 2031. North America dominated the global Inhalation and Nasal Spray Generic Drugs market and is projected to witness CAGR of XX% during the first half of the forecast period i.e. 2021 to 2031.
COVID-19 Impact on Inhalation and Nasal Spray Generic Drugs Market
COVID-19 impact through different recovery models such as V-shaped, U-shaped, W-shaped, and L-shaped; has been taken into consideration while estimating and forecasting the Inhalation and Nasal Spray Generic Drugs market. Different recovery scenarios are also included in the report for all the segments and regions/nation. The recovery scenarios based on which market has been forecasted and analysed herein the report are mentioned below:
Increasing Prevalence of Chronic Obstructive Pulmonary Disease (COPD), and Asthma
The prevalence of chronic obstructive pulmonary disease (COPD), and asthma is significantly increasing and expected to boost the demand during forecast period. The rise in the cases of chronic obstructive pulmonary disease (COPD), and asthma is creates a huge demand for the inhalation and nasal spray generic drugs. Due to which Increasing prevalence of Increasing Prevalence of Chronic Obstructive Pulmonary Disease (COPD), and Asthma is working as a driver for the inhalation and nasal spray generic drugs market.
Increasing Strategic initiatives in Inhalation and Nasal Spray Generic Drugs
Manufactures present in the market is taking various strategic initiatives in the order to increase their revenue generation in the market, Strategic Initiatives such as mergers & acquisitions, product launches and press conference & event. These strategic initiatives are helping manufactures in the market to increase their revenue generation due to this reason Increasing Strategic initiatives in Inhalation and Nasal Spray Generic Drugs market working as a driver for the inhalation and nasal spray generic drugs market.
Increasing demand of Generic Drugs
Increasing prevalence of chronic and non-chronic diseases had leaded various leading manufactures to increase their research and development activities for generic drugs. Research and development activities for new inhalation and nasal spray generic drugs are helping to increase adoption of novel technologies in Inhalation and nasal spray generic drugs. Currently, many of the manufacturers have launched their product portfolios in Inhalation and nasal spray generic drugs arena which have helped to fulfil demand and to work as driver for the market. Over the last few years, technological in the generic drugs especially helps to increase demand of nasal spray generic drugs arena. Currently, many of the manufacturers are engaged in research and development activities are creating competitive advantages with the launch of their new products in the market.
Top companies (Allergan plc, Beximco Pharmaceuticals Ltd, and Cipla Limited) constitute more than XX% share of the global Inhalation and Nasal Spray Generic Drugs market. Other companies profiled in the report include: Mylan N.V., Nephron Pharmaceuticals Corporation, Sun Pharmaceutical Industries Ltd., Hikma Pharmaceuticals PLC, Sandoz International GmbH (a Novartis Division), Perrigo Company plc, Teva Pharmaceutical Industries Ltd. and Other Company among) others Some of the key developments are listed below:
• In 2020, Perrigo has received US Food and Drug Administration (FDA) approval for albuterol sulfate inhalation aerosol which is a generic version of ProAir HFA. The launch had helped company to its market share in the Inhalation and Nasal Spray Generic Drugs market.
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