Europe Asthma Therapeutics Market Size & Outlook
Europe asthma therapeutics market, 2018-2030 (US$M)
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Europe asthma therapeutics market highlights
- The Europe asthma therapeutics market generated a revenue of USD 5,251.2 million in 2023.
- The market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, anti- inflammatories was the largest revenue generating drug class in 2023.
- Combination therapy is the most lucrative drug class segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 5,251.2 million |
| Market revenue in 2030 | USD 6,945.2 million |
| Growth rate | 4.1% (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 |
| Key market players worldwide | Teva Pharmaceutical Industries Ltd, GSK PLC, Merck & Co Inc, Roche Holding AG, AstraZeneca PLC, Boehringer Ingelheim, Sanofi SA, Koninklijke Philips NV, BD, Corvus Pharmaceuticals Inc |
Other key industry trends
- In terms of revenue, Europe region accounted for 19.9% of the global asthma therapeutics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 1,558.1 million by 2030.
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Asthma Therapeutics Market Scope
Asthma Therapeutics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 63.28% in 2023. Horizon Databook has segmented the Europe asthma therapeutics market based on anti- inflammatories, bronchodilators, combination therapy covering the revenue growth of each sub-segment from 2018 to 2030.
Growth in the Europe market can be attributed to the increasing research funding by government and private organizations and the local presence of key players in the region. The number of biopharmaceutical companies is growing in Europe due to rising investments. For instance, in 2018, Enterprise Therapeutics, a British biotech company, raised USD 39.77 million as an investment in a Series B financing round to bring its treatments for respiratory diseases into clinical development.
Moreover, in September 2022, AstraZeneca received approval from the European Union (EU) for Tezspire (Tezepelumab) as an additional maintenance treatment for patients aged 12 and above with severe asthma who have insufficient control despite the use of high-dose inhaled corticosteroids and another medicinal product.
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Target buyers of Europe 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 continent-level data and insights on the Europe asthma therapeutics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe asthma therapeutics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe asthma therapeutics market size, by country, 2018-2030 (US$M)
Europe Asthma Therapeutics Market Outlook Share, 2023 & 2030 (US$M)
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