Get In Touch

Long-acting beta2-agonists are bronchodilators, a class of asthma medication, taken on a daily basis to relax the smooth muscle lining of bronchial tubes, the airways that carry air to the lungs. It allows the tubes to stay open for a longer period of time to help breathe easily. Long acting beta2-agonists are used to open narrow airways and prevent asthma attacks. These are used in dry powder or metered-dose  inhalers. According to the FDA guidelines, long acting beta2-agonists should not be used without being combined with inhaled corticosteroid. Examples of inhaled steroids are Qvar, Flovent, Budesonide, Azmacort, Asmanex, and Aerobid. The most commonly prescribed long acting beta2-agonists are Salmeterol (Serevent), Formoterol (Foradil and Perforomist), and Arformoterol (Brovana).

Long acting beta2-agonists are considered primary drugs of choice to control chronic asthma and chronic obstructive pulmonary disease (COPD), as these make breathing easier. The usage of long acting beta2-agonists in adults with persistent asthma results in improved lung function. Increasing the dose of inhaled corticosteroids results in less use of quick-relief medicines and improves lung function and symptoms.

Ability of the drug to control asthma and rise in the population suffering from asthma and chronic diseases such as COPD are expected to drive the global long acting beta2-agonists drugs market. According to the World Health organization (WHO), in 2015, nearly 383,000 people died due to asthma. Many asthma-related deaths occur in low- and lower-middle income countries. It also stated that approximately 235 million people are presently suffering from asthma and it is a common disease among children.

Moreover, in 2015, chronic obstructive pulmonary disease accounted for 3 million deaths across the world, approximately 5% of all the deaths. The primary cause of chronic obstructive pulmonary disease is exposure to tobacco smoke, either passive or active. The market is expected to expand due to popularity of and preference for long acting beta2-agonists drugs. However, patent and exclusivity expiry of top selling drugs such as Serevent is likely to restrain the global market. The global long acting beta2-agonists drugs market can be segmented based on application, distribution channel, and region. In terms of application, the market can be categorized into asthma and chronic obstructive pulmonary disease (COPD). Based on distribution channel, the global long acting beta2-agonists drugs market can be classified into hospital pharmacies, retail pharmacies, and online pharmacies.

Geographically, the global long acting beta2-agonists drugs market can be segmented into Asia Pacific, Latin America, Europe, North America, and Middle East & Africa. North America held the largest market share in 2016 owing to increase in prevalence of asthma and chronic obstructive pulmonary disease. COPD is the third leading cause of death in the U.S. According to the Centers for Disease Control and Prevention (CDC), nearly 6.4% i.e., 15.7 million, people in the U.S. reported that they had been diagnosed with chronic obstructive pulmonary disease. CDC also stated that nearly 18.4 million people, 7.6% of the total population, aged 18 years and above in the U.S. currently suffer from asthma. Europe accounted for the second largest market share in 2016 owing to increase in prevalence of asthma. According to Asthma U.K., nearly 5.4 million people in the U.K., 1.1 million children (1 in 11) and 4.3 million adults (1 in 12), are currently diagnosed with asthma. The market in Asia Pacific, Latin America, and Middle East & Africa is anticipated to expand during the forecast period owing to increasing population and air pollution.

Key players operating in the global long acting beta2-agonists drugs market include AstraZeneca, Teva Pharmaceutical Industries Ltd., Bayer AG, Actelion Pharmaceuticals US, Inc. Boehringer Ingelheim GmbH, F. Hoffmann-La Roche Ltd., and GlaxoSmithKline plc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Long Acting Beta2agonists Drugs Market

Pre Book