Kuwait Asthma Therapeutics Market Size & Outlook
Kuwait asthma therapeutics market, 2018-2030 (US$M)
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Kuwait asthma therapeutics market highlights
- The Kuwait asthma therapeutics market generated a revenue of USD 61.7 million in 2023 and is expected to reach USD 93.8 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 6.2% 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.
Asthma therapeutics market data book summary
| Market revenue in 2023 | USD 61.7 million |
| Market revenue in 2030 | USD 93.8 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Anti- inflammatories |
| Fastest growing segment | Combination therapy |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Kuwait accounted for 0.2% of the global asthma therapeutics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia asthma therapeutics market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 314.0 million by 2030.
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Asthma Therapeutics Market Scope
Asthma Therapeutics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Kuwait 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 62.56% in 2023. Horizon Databook has segmented the Kuwait asthma therapeutics market based on anti- inflammatories, bronchodilators, combination therapy covering the revenue growth of each sub-segment from 2018 to 2030.
Several multinational and regional pharmaceutical companies are likely to be active in the Kuwaiti market, offering asthma therapeutics drugs. In addition, several multinational players are focusing on developing and distributing asthma drugs in the Kuwait market due to the unmet medical needs in the country.
For instance, the estimated prevalence rates indicate that asthma affects 15% of adults and 18% of children. In terms of financial implications, the annual treatment cost, excluding medications, stands at USD 107 million (KD 29,946,776) for adults and USD 86 million (KD 24,295,439) for children.
Furthermore, government initiatives and investments in anti-infective and pharmaceuticals are propelling market growth. For instance, in April 2023, Kuwait University (KU), under the auspices of the Patent & Intellectual Property Office within the University’s Vice President’s Office for Research, successfully obtained a patent for developing a pharmaceutical to treat asthma and allergy patients.
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Target buyers of Kuwait 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 country-level data and insights on the Kuwait asthma therapeutics market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait asthma therapeutics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait asthma therapeutics market size, by drug class, 2018-2030 (US$M)
Kuwait Asthma Therapeutics Market Outlook Share, 2023 & 2030 (US$M)
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