Chronic Obstructive Pulmonary Disease Market would rocket up to USD 30.4 billion by 2030

This report provides a CAGR value for the market during the forecast . This promotional report brings to light factors such as growth opportunity assessment, customer insights, competitive business intelligence and distribution channel assessment. The competitive landscape provides a comprehensive analysis of the core competencies and strategies of the key players on the market. The Chronic Obstructive Pulmonary Disease Market report is a credible source that provides key statistics about the global and regional market situation. It can be used as a guide and direction by companies and individuals who are interested in this industry.

The rise in the cases of COPD among populations across the globe is among the important factor expected to intensify the growth and demand of the chronic obstructive pulmonary disease market. In addition, the rise in the consumption of tobacco among the youth population and the increase in the awareness among the population about the use of the generic drug are also expected to contribute to the growth in the global market over the forecast period. Also, the rise in the expenditure on healthcare is providing facilities in developing countries for chronic obstructive pulmonary disease, and the rise in awareness among people across developing and underdeveloped are also likely to enhance the growth of the market. Furthermore, the increase in the R&D investment by the government and major players is also one of the significant factors expected to fuel the growth of the chronic obstructive pulmonary disease market.

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Data Bridge Market Research analyzes that the global chronic obstructive pulmonary disease market which was USD  19.8 billion in 2022, would rocket up to USD 30.4 billion by 2030, and is expected to undergo a CAGR of 4.4% during the forecast period 2023 to 2030. This indicates the market value. “Chronic Bronchitis” dominates the type segment of the global chronic obstructive pulmonary disease market owing to the surge in the number of people suffering from chronic obstructive pulmonary disease. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Chronic Obstructive Pulmonary Disease (COPD) is a type of chronic inflammatory lung disease that causes difficulty in airflow from the lungs. Various symptoms of COPD consist of difficulty in breathing, production of mucus, cough and wheezing.

Opportunities

Development of innovative therapies and treatment approaches

Most COPD treatments focus on managing symptoms and slowing the progression of the disease. However, there is a significant need for new and innovative therapies that provides better outcomes for patients and improve their quality of life. In recent years, research and development have focused on new COPD treatments, including biologics, gene therapies, and other novel approaches. These therapies potentially address the underlying causes of COPD and provide patients with more effective and targeted treatment options.

Restraints/Challenges

High cost of treatment:

COPD is a chronic disease that often requires long-term care and specialized treatment, which is expensive. In addition, many COPD patients also have other comorbidities, which further increase healthcare costs. The cost of COPD treatment is a major barrier to access for many patients, particularly in developing countries with high healthcare costs and limited insurance coverage. This leads to underdiagnoses and under treatment of the disease, negatively impacting patient outcomes and quality of life.

Recent Developments

• In April 2022, GlaxoSmithKline Pharmaceuticals launched Trelegy Ellipta for Chronic Obstructive Pulmonary Disease (COPD) patients. Trelegy Ellipta is India’s first once-daily single-inhaler triple therapy (SITT) for COPD patients.
• In Feb 2022, Teva announced FDA approval of ArmonAir Digihaler inhalation powder, an inhaled corticosteroid (ICS) delivered via Teva’s Digihaler device containing built-in sensors and connects to a companion mobile application that provides information on inhaler use to people with asthma.

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Some of the major players operating in the global chronic obstructive pulmonary disease market are:

• AstraZeneca (UK)
• Boehringer Ingelheim International GmbH (Germany)
• GlaxoSmithKline plc (UK)
• Novartis AG (Switzerland)
• CHIESI Farmaceutici SpA (Italy)
• Sunovion Pharmaceuticals Inc (US)
• Teva Pharmaceutical Industries Ltd (Israel)
• Mylan N.V. (US)
• Orion Corporation (Finland)
• Merck & Co., Inc (US)
• Grifols, S.A. (Spain)
• Abbott (US)
• F. Hoffmann-La Roche Ltd (Switzerland)
• Vectura Group plc (UK)
• Pfizer Inc (US)
• Alkermes (Ireland)
• Almirall, S.A (Spain)
• Genentech, Inc (US)
• Biogen (US)
• Astellas Pharma Inc. (Japan)

Chronic Obstructive Pulmonary Disease Market Scope

The global chronic obstructive pulmonary disease market is segmented on the basis of type, treatment type and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Chronic Bronchitis
• Emphysema

Treatment Type

• Drugs
• Bronchodilator Monotherapy
• Short-Acting Beta2-Agonists (SABAS)
• Long-Acting Beta2-Agonists (LABAS)
• Anti-Cholinergic Agents
• Anti-Inflammatory Drugs
• Oral And Inhaled Corticosteroids
• Anti-Leukotrienes
• Surgery
• Lung Volume Reduction Surgery (LVRS)
• Lung Transplant, Bullectomy
• Others
• Oxygen Therapy

End User

• Hospitals
• Homecare Settings
• Clinics
• Others

Key Advantages of the Report: 

• This study provides an analytical overview of the industry, including current trends and future predictions to identify potential investment opportunities.
• The report offers insights into key drivers, limitations, and prospects, along with a comprehensive market share analysis.
• The report quantitatively assesses the current market, shedding light on its growth prospects.
• A Porter’s five forces analysis gauges the bargaining power of buyers and suppliers in the market.
• The report delivers an in-depth market analysis that considers competitive dynamics and forecasts the future competitive landscape.

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What to Anticipate from the Report – A 7-Point Guide:

• The report delves into the holistic strategy and innovation within the market ecosystem.
• It highlights prominent market drivers and obstacles, providing clarity on technological standardization and regulatory frameworks.
• The report evaluates various implementation models and examines numerous use cases.
• Serving as a valuable resource, the report offers essential industry insights, showcasing information on new investments, stakeholders, relevant contributors, and market participants.
• Through the forecast period, the report conducts a thorough market analysis, referencing historical developments, ongoing events, and future growth prospects.

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