Pune, India -- (SBWIRE) -- 04/30/2019 -- The report on Pulmonary Drugs Market by drug class (long-acting beta2-agonists, short-acting beta2-agonists, anticholinergics, vasodilators, and others), application (pulmonary arterial hypertension, cystic fibrosis, asthma & COPD, and others), distribution channel (hospital pharmacies, retail pharmacies, and drug stores) trends analysis and forecasts up to 2025 studies the market sizes, key trends and opportunities in the main geographies such as North America, Europe, Asia-Pacific, Rest of the World. According to the report the global pulmonary drugs market is projected to grow at a CAGR 4.3% in terms of value over the period of 2019-2025. The growth in the world market is primarily driven by significant contribution by North America (Leading region) region to this market.

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Pulmonary Drugs Market: Industrial Insight

Pulmonary drugs are the drugs used to treat the number of illnesses which ranges from minor ones such as a common cold to long-lasting disorders such as asthma as well as chronic obstructive pulmonary disease (COPD). These respiratory disorders have an impact on parts of the respiratory system such as the lungs and airway. These chronic diseases have various fundamental causes, varying from inherited mutations to pathological inflammation. Pulmonary drugs help to reduce shortness of breath, prevent exacerbations, and control coughing and wheezing. These drugs are accessible in multiple forms such as oral liquids, oral tablets, injections or inhalations while some of the pulmonary drugs are used with devices known as nebulizers.

Pulmonary Drugs Market: Drivers and Restraints

The pulmonary drugs market is basically driven by the rising incidence of chronic obstructive pulmonary diseases, other respiratory disorders as well as an increasing number of populations involved in tobacco smoking. According to the World Health Organization, tobacco smoking is the fundamental cause of chronic obstructive pulmonary diseases which results in approximately 90% of chronic obstructive pulmonary disease cases. In addition, initiatives undertaken by government and non-government organizations in order to increase investments for research and development to manufacture effective drugs is another key factor swelling the overall market for pulmonary drugs. However, the availability of counterfeit drugs, a substantial rise in manufactures of generic medicines in the market and the strict regulatory process for approval of the drugs will retard the growth of the overall market. On the other hand, a large number of undiagnosed population and side effects related to the consumption of these drugs leading to adverse outcomes are expected to hinder the market growth. Moreover, the remarkable number of patent expiration of branded drugs, funding for research and development for new drug discovery in order to meet the unmet demand of the patients globally are a major opportunity in the growth of pulmonary drugs market.

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Pulmonary Drugs Market: Segmentation

The pulmonary drugs market is segmented in the market on the basis of Drug Class, Application, and Distribution Channel. Further, the market on basis of drug class is sub-segmented as Short-Acting Beta2-Agonists (SABA), Anticholinergics, Combination Drugs, Inhaled Corticosteroids (ICS), Antihistamines, Vasodilators and Others (MAbs, Enzymes, Antibiotics, Antileukotrienes, etc.). Based on application, sub-markets include Asthma & COPD, Allergic Rhinitis, Pulmonary Arterial Hypertension, Cystic Fibrosis, Others. Segmentation based on distribution channel compromises of Hospital Pharmacies, Retail Pharmacies, Drug Stores and E-commerce. As a result of changing lifestyle and increase in tobacco smoking as well as increased drug approval process related to its pulmonary drugs market by application tends to dominate the market worldwide.

Pulmonary Drugs Market: Regional Insight

Based on geography, the global pulmonary drugs market has been categorized into North America, Europe, Asia Pacific, and Rest of the World (ROW). North America holds a dominant share in the global pulmonary drug market and is expected to remain in a topmost position owing to the rising number of respiratory diseases in the region. Additionally, the broad base of the patient population increased awareness for the treatment of pulmonary diseases, established healthcare infrastructure and investment in R&D activities are the factors contributing to the growth of North America's share. Following North America, Europe holds the shares in the market whereas the Asia Pacific is considered to grow at the fastest pace during the forecast period. The reason being, the rise of middle-income classes and their growing expenditure on healthcare, high medical demands and region's rapidly improving healthcare infrastructure.

Pulmonary Drugs Market: Major Key Players

The report provides profiles of the companies in the market such as Sunovion Pharmaceuticals Inc., AstraZeneca, Novartis AG, F. Hoffmann-La Roche Ltd, GlaxoSmithKline plc., Teva Pharmaceutical Industries Ltd., Merck Sharp & Dohme Corp, Boehringer Ingelheim International GmbH., Actelion Pharmaceuticals Ltd, and Others.

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