DUBLIN, May 25, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Respiratory Drugs Market 2016-2020" report to their offering.
The global respiratory drugs market to grow at a CAGR of 6.48% during the period 2016-2020.
Global Respiratory Drugs Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of prescription and over-the-counter (OTC) drugs used to treat respiratory diseases.
A noteworthy trend in the respiratory drugs market is the use of biologics. In recent times, biologics are increasingly becoming the preferred choice to treat respiratory diseases, and they act by blocking the interleukins and reducing inflammation caused in the respiratory tract. For example, Xolair (omalizumab) by Genentech and Novartis is the only approved biologic drug for the treatment of asthma.
According to the report, a key growth driver is the rising prevalence of respiratory diseases around the world. The CDC reported that as of May 2011, about 25 million Americans, which isone in 12 individuals in the US, had asthma. In 2015, the National Institute of Allergy and Infectious Diseases (NIAID) reported that globally about 250 million people had asthma. According to the WHO factsheet 2016, approximately 8% of the Swiss population, four million Germans, three million Japanese, and 15-20 million Indians are estimated to have asthma. Many respiratory occur due to genetic factors and lifestyle factors such as vehicular pollution and exposure to animals or pets. Rising prevalence of respiratory diseases results in more people seeking treatment, increasing the intake of medicines, thereby contributing to the respiratory drugs market.
Further, the report states that a major challenge with the potential to hamper market growth is the unknown etiology of respiratory problems like asthma and idiopathic pulmonary fibrosis.
- Boehringer Ingelheim
- F.Hoffman La-Roche
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Overview: Respiratory diseases
Part 06: Pipeline analysis
Part 07: Market landscape
Part 08: Market segmentation by class of drugs
Part 09: Market segmentation by disease
Part 10: Geographical segmentation
Part 11: Market drivers
Part 12: Impact of drivers
Part 13: Market challenges
Part 14: Impact of drivers and challenges
Part 15: Market trends
Part 16: Vendor landscape
Part 17: Appendix
For more information visit http://www.researchandmarkets.com/research/86g5tj/global
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SOURCE Research and Markets