Global Asthma Therapeutics Market Size & Outlook
Global asthma therapeutics market, 2018-2030 (US$M)
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Global asthma therapeutics market highlights
- The global asthma therapeutics market generated a revenue of USD 26,409.9 million in 2023 and is expected to reach USD 37,910.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.3% by 2030.
- In terms of segment, anti- inflammatories accounted for a revenue of USD 16,470.9 million in 2023.
- Combination therapy is the most lucrative drug class segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Norway is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 26,409.9 million |
| Market revenue in 2030 | USD 37,910.5 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Anti- inflammatories |
| Fastest growing segment | Combination therapy |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Anti- inflammatories, Bronchodilators, Combination therapy |
Other key industry trends
- In terms of revenue, the North America accounted for 50.2% of the global asthma therapeutics market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Norway is the fastest growing regional market and is projected to reach USD 97.9 million by 2030.
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Asthma Therapeutics Market Scope
Asthma Therapeutics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global asthma therapeutics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to asthma therapeutics market will help companies and investors design strategic landscapes.
anti- inflammatories was the largest segment with a revenue share of 62.37% in 2023. Horizon Databook has segmented the Global asthma therapeutics market based on anti- inflammatories, bronchodilators, combination therapy covering the revenue growth of each sub-segment from 2018 to 2030.
The global increase in the incidence of asthma has significantly raised the demand for therapeutics. Government and nongovernment organizations emphasize the rapid growth in asthma patients, labeling it a severe public health concern. For instance, WHO reported in 2021 that 39.6% of adults with asthma experienced one or more attacks, a figure expected to rise and contribute to the global adoption of asthma therapeutics.
There is a rapid growth in the incidence of asthma in the Asia Pacific and Europe. A 2022 study in Public Health Challenges shows that an estimated 65% of asthma patients in the UK approximately 3.5 million people did not receive optimal asthma care. This underscores a potential surge in demand for asthma therapeutics, driving the market.
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Target buyers of Global asthma therapeutics market databook
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Our clientele includes a mix of asthma therapeutics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global asthma therapeutics market , including forecasts for subscribers. This global databook contains high-level insights into Global asthma therapeutics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global asthma therapeutics market statistics, by region, 2018-2030 (US$M)
Top 10 countries: Asthma therapeutics market size, 2023 (USD Million)
Top 10 countries: Asthma therapeutics market size, 2023 (USD Million)
Global asthma therapeutics market, by region, 2023 (US$M)
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