+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free

Solid Government Backing Spurs Global Inhalation and Nasal Spray Generic Drugs Market to Reach US$35.5 bn by 2023

Posted on Jun 13, 2016

The global inhalation and nasal spray generic drugs market is expected to reach US$35.5 bn by the end of 2023. This market was recorded at US$21.8 bn in 2014. Owing to a diverse set of positive forces, this market is expanding at a CAGR of 5.5% within a forecast period from 2015 to 2023, as stated in a research report released by Transparency Market Research. The leading market intelligence firm has recently published the report, titled “Inhalation and Nasal Spray Generic Drugs Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” The report uses proven research methodologies and credible data sources to thoroughly examine the market to devise a forecast analysis for it.

Browse the full Inhalation and Nasal Spray Generic Drugs Market:(By Drug Class: Corticosteroids, Bronchodilators, Antihistamines, Combinations, and Decongestant Sprays; By Application: Asthma, COPD, Allergic Rhinitis, and Others) Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 report at http://www.transparencymarketresearch.com/inhalation-nasal-spray-generic-drugs.html

According to the report, the primary driver for the global inhalation and nasal spray generic drugs market is the growing prevalence of respiratory disorders. An increasing number of patients are being diagnosed with medical problems such as COPD, asthma, and other and even fatal diseases. Government bodies have always had an eye out for the rising number of patients, leading to a large number of governments providing swift and strong support to their national healthcare industries for the development and proliferation of improved treatments.

Efforts are being taken in the laboratories to enhance the current lineup of drugs against respiratory illnesses, along with a significant number of pipeline drugs. Healthcare organizations, often in collaboration with associated government agencies, are making the treatments available to those living in remote locations and who cannot access emergency medical care.

Other factors accelerating the progress of the global inhalation and nasal spray generic drugs market include the advancements in generic therapies and medications, coupled with a growing awareness of what the modern drugs are capable of.

With corticosteroids, bronchodilators, antihistamines, combination drugs, and decongestant sprays as the key segments in terms of drug class, this market was led by combination drugs in 2014. This segment has greatly benefitted from providing highly efficient solutions that received compliance authorizations. The market analysts have also deduced the same segment to be the fastest growing one for the given forecast period.

In terms of revenue, the second-largest drug class in the global inhalation and nasal spray generic drugs market for 2014 was corticosteroids. These drugs had a better effect on asthma-related airway inflammation.

The report also segments the global inhalation and nasal spray generic drugs market according to application, from which the segment of asthma dominated the market in 2014. It is expected to continue its dominance as TMR analysts believe it will be the fastest-growing segment till 2023. The rising global population and the rise in the rate of air pollution are contributing to this segment’s growth rate.

The report holds a descriptive player profile for each of the key players in the global inhalation and nasal spray generic drugs market, such as Beximco Pharmaceuticals, Nephron Pharmaceuticals Corporation, Teva Pharmaceutical Industries Ltd., Ranbaxy Laboratories Ltd., Cipla Ltd., Sandoz International GmbH (Novartis AG), Roxane Laboratories, Inc., Mylan N.V., and Allergan plc.

Key Segments of the Global Inhalation and Nasal Spray Generic Drugs Market

Global Inhalation and Nasal Spray Generic Drugs Market, by Drug Class, 2013-2023 (US$ Mn)

  • Corticosteroids
    • Fluticasone
    • Budesonide
    • Beclomethasone
    • Flunisolide
    • Others (mometasone, ciclesonide etc.)
  • Bronchodilators
    • Albuterol
    • Epinephrine
    • Others
  • Antihistamines
  • Combinations
    • Salmeterol/Fluticasone
    • Formoterol/Budesonide
    • Azelastine/Benzalkonium Chloride
    • Others
  • Decongestant Sprays
    • Phenylephrine hydrochloride
    • Oxymetazoline hydrochloride

Global Inhalation and Nasal Spray Generic Drugs Market, by Drug Class, 2013-2023 (US$ Mn)

  • Asthma
  • COPD
  • Allergic Rhinitis
  • Other Respiratory Disorders

Global Inhalation and Nasal Spray Generic Drugs Market, by Geography, 2013 – 2023 (US$ Mn)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • Australia
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and North Africa
    • Saudi Arabia
    • Egypt
    • United Arab Emirates
    • Rest of MENA
  • Rest of the World (RoW)

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact


Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

Back To Top