Middle East & Africa Asthma Therapeutics Market Size & Outlook
Middle East & Africa asthma therapeutics market, 2018-2030 (US$M)
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MEA asthma therapeutics market highlights
- The MEA asthma therapeutics market generated a revenue of USD 916.0 million in 2023.
- The market is expected to grow at a CAGR of 7.9% 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, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 916.0 million |
| Market revenue in 2030 | USD 1,558.1 million |
| Growth rate | 7.9% (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, MEA region accounted for 3.5% 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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Middle East & Africa 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 62.43% in 2023. Horizon Databook has segmented the Middle East & Africa asthma therapeutics market based on anti- inflammatories, bronchodilators, combination therapy covering the revenue growth of each sub-segment from 2018 to 2030.
The MEA market includes South Africa, Saudi Arabia, and the United Arab Emirates (UAE). The rapid economic development in emerging markets, such as South Africa, the high unmet healthcare needs, and increasing prevalence of respiratory disorders are some of the key drivers propelling growth in the region. In the Middle East, around 60 million individuals are at risk of developing a respiratory disease.
Due to its high incidence and social & economic consequences, COPD, asthma, respiratory allergies, and occupational lung disorders are major public health issues in emerging countries, especially the Middle East/North Africa (MENA) countries. In addition, the increasing government initiatives and growing partnerships between key players & healthcare providers are anticipated to propel market growth over the forecast period.
Moreover, Approximately 40 million people today have various respiratory disorders, and over 60% to 70% of individuals diagnosed with a respiratory illness are under the age of 40, with smokers accounting for 30% of those diagnosed. As a result, around 60 million individuals in MEA are at risk of contracting respiratory disorders.
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Target buyers of Middle East & Africa 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 Middle East & Africa asthma therapeutics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa asthma therapeutics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA asthma therapeutics market size, by country, 2018-2030 (US$M)
Middle East & Africa Asthma Therapeutics Market Outlook Share, 2023 & 2030 (US$M)
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