Chronic Obstructive Pulmonary Disease Market - Worldwide Industry Growth, Size to 2026
Posted: Nov 03, 2018
The Global Chronic Obstructive Pulmonary Disease Market Size to gain traction owning to the rising prevalence of COPD in the developing countries, and changing life styles of youths globally.
Chronic obstructive pulmonary disease (COPD), is an obstructive disease which is characterised by the long-term difficulty in breathing. Chronic obstructive pulmonary disease is the fifth-leading cause of death globally and COPD is one of the leading cause of morbidity and mortality worldwide. According to World Health Care (WHO), COPD mainly occurs mostly in the under developed countries. Also, in 2016 the global burden of diseases study reported 251 million cases of COPD globally. Chronic obstructive pulmonary disease is characterised by the symptoms such as; shortness of breath, frequent coughing, wheezing, tightness in the chest and cough with/without Sputum production.
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Chronic obstructive pulmonary disease, is majorly influenced by the factors such as increasing air pollution, poorly vented heating and cooking smoke, long exposures to the irritants that cause inflammatory response to the lungs. It can be prevented by controlling the risk factors like reducing smoking, and improving the indoor and outdoor air quality. However, chronic obstructive pulmonary disease is not curable, but can be controlled with various types of drugs. Hence, considering this factor the major players are continuously focusing on the new drug development and approvals. For instance, recently Umeclidinium Bromide by GlaxoSmithKline is considered to be a promising molecule for treating COPD.
Rising prevalence of chronic obstructive pulmonary disorder in the developing countries and changing lifestyle will support the growth of chronic obstructive pulmonary disease market.
The global chronic obstructive pulmonary disorder market is primarily driven by increasing number of patients suffering from COPD. Figures for 2015 state that approximately 3.1 million deaths were reported due to COPD which amount to 5% of the deaths globally. In addition, factors that augment the growth of chronic obstructive pulmonary disease market size are rising government initiatives for developing new drugs and promoting easy practices for drug approval in various regions.
On the other hand, increasing technological advancements for developing effective products including nebulizers will also spur this market. Likewise, increasing tobacco consumption is expected to accelerate the chronic obstructive pulmonary disease market growth during the forecast period.
However, high cost of available treatments, recent patents expiries, and continuous development of generic drugs owning to its cost effectiveness would affect the growth of chronic obstructive pulmonary disease market.
Global chronic obstructive pulmonary disease Market Taxonomy
The global chronic obstructive pulmonary disease market size is segmented on the basis of cancer type, diagnostic techniques, treatment type, end users, and geography.
Geographically, the chronic obstructive pulmonary disease market share is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Increased expenditure on R&D for developing new and effective drugs to lead the global chronic obstructive pulmonary disease market in North America.
Geographically, the global chronic obstructive pulmonary disease market share is segmented into North America, Europe, Asia Pacific, Latin America & Middle East and Africa. North America is expected to dominate the chronic obstructive pulmonary disease market over the forecast period. North America holds major share owing to the ongoing clinical trials by the increasing R&D investments by the major players and the government. While, increasing awareness for the use of drugs would also spur the chronic obstructive pulmonary disease market of North America. Also, Europe region has comparatively large number of population suffering from COPD.
However, Asia Pacific is relied to grow faster during the forecast period. Increasing number of patients with COPD, rising intake of tobacco by the youths, and increased awareness for the use of generic drugs to boost chronic obstructive pulmonary disease market during upcoming years.
Key players in the global chronic obstructive pulmonary disease market are:
- AstraZenca Plc.
- Novartis AG
- Boehringer Ingelheim
- Teva Pharmaceuticals
- Ache Laboratorios Famaceuticos
- Ario Pharma
- BioMarck Pharmaceuticals
- Aquinox Pharmaceuticals
- Astellas Pharma
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Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.