Bronchodilators Market size is forecast to reach $3.7 billion by 2026, growing at a CAGR of 6.3% during the forecast period 2021-2026. Bronchodilators relaxes muscles around the airways and open the airway to let more air move in and out of the lungs. They are used to reduce the mucus from the lungs and also have effects on mucociliary clearance. It is also used in the treatment of obstructive lung disease by relaxing and widening the bronchi. It treats asthma and chronic pulmonary diseases. Bronchodilators are administered through nebulizer to the patients who are sufferings from chronic respiratory disorders as they are used to reduce the mucus from the lungs. Increasing prevalence of pulmonary disorders and growing technological advancements are the major factors driving the growth of the market. Growing government initiatives for creating awareness among population and growing funding by government organizations is set to further enhance the overall market development of the Bronchodilators Market for the period 2021-2026.
North America dominated the Bronchodilators Market in 2020 owing to the increase in cystic fibrosis and increase in government initiatives towards increasing awareness regarding asthma and other chronic respiratory diseases. The Bronchodilators Market scope for different regions will be provided in the final report.
Increasing prevalence of respiratory disorders such as chronic obstructive pulmonary disease and increasing awareness of healthcare among population are likely to aid the market growth of the Bronchodilators Market.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Bronchodilators Market report.
Government regulation related to the efficacy & safety of the bronchodilators and side effects associated with the bronchodilators is poised to create hurdles for the Bronchodilators Market.
Bronchodilators Market Segment Analysis – By Indication
Asthma held the largest share in the Bronchodilators Market in 2020 and is estimated to grow at a CAGR 5.7% during the forecast period 2026. This is attributed to the increasing prevalence of asthma around the world. According to an estimation done by Asthma and Allergy Foundation of America, asthma accounts for 9.8 million of hospital visits and around 1.8 million emergency department visits each year. Increasing adoption of smoking along with exposure to certain gases or fumes and to heavy amounts of smoke, pollution, and use of cooking fire without proper ventilation is increasing the chronic obstructive pulmonary diseases. Chronic Obstructive Pulmonary Disease are estimated to register the highest CAGR over the period 2021-2026.
Bronchodilators Market Segment Analysis – By Drug Type
Anticholinergics held the largest share in the Bronchodilators Market in 2020 and is estimated to grow at a CAGR 6.0% during the forecast period 2026. This is attributed to this that anticholinergics are available in both short acting form as well as long acting form. Anticholinergic bronchodilators block the parasympathetic nerves and enables the air passages to remain open. It is widely used to treat chronic obstructive pulmonary disease. The demand for combination drug is increasing owing to their properties of dilating air passages and making air flow easier. Combination Drugs are estimated to register the highest CAGR over the period 2021-2026.
Bronchodilators Market Segment Analysis – By Geography
However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the increase in respiratory disorder patient pool, increase in availability of drugs, and rise in demand of bronchodilators in the pharmaceutical sectors.
Bronchodilators Market Drivers
Increase in Prevalence of Pulmonary Disorders
Increasing Usage of Bronchodilators for the Treatment of Cystic Fibrosis
Government Regulation Related to the Efficacy & Safety of the Bronchodilators and Side Effects Associated with the Bronchodilators
Bronchodilators Market Landscape
- In April 2019, Cipla Technologies partnered with Pulmatrix Inc. to develop a formulation for the treatment of allergic bronchodilators aspergillosis in patients suffering from asthma.