U.S. Asthma Therapeutics Market Size & Outlook, 2023-2030
U.S. asthma therapeutics market, 2018-2030 (US$M)
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U.S. asthma therapeutics market highlights
- The U.S. asthma therapeutics market generated a revenue of USD 12,461.9 million in 2023 and is expected to reach USD 16,786.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.3% 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 12,461.9 million |
| Market revenue in 2030 | USD 16,786.2 million |
| Growth rate | 4.3% (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, U.S. accounted for 47.2% 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 North America, U.S. asthma therapeutics market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 16,786.2 million by 2030.
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Asthma Therapeutics Market Scope
Asthma Therapeutics Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 61.59% in 2023. Horizon Databook has segmented the U.S. asthma therapeutics market based on anti- inflammatories, bronchodilators, combination therapy covering the revenue growth of each sub-segment from 2018 to 2030.
The high incidence of respiratory disorders, growing awareness about diseases, and the availability of advanced pharmaceutical technologies are likely to propel market growth in the country. High pollution is another major factor driving the market growth.
According to the U.S. Environmental Protection Agency’s report in 2018, exposure to air pollution affected the quality of life of over 23 million people in the U.S. by inducing a severe and life-threatening chronic respiratory disease. In addition, around six million children in the U.S. with asthma are specifically vulnerable to air pollution.
Since asthma therapeutics are essential for maintaining normal airflow in patients’ lungs, the demand for therapeutics is expected to rise in the near future. Moreover, the increasing Research & Development (R&D) efforts in the country and the growing prevalence of respiratory disorders are likely to propel market growth over the forecast period.
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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 U.S. asthma therapeutics market , including forecasts for subscribers. This country databook contains high-level insights into U.S. asthma therapeutics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. asthma therapeutics market size, by drug class, 2018-2030 (US$M)
U.S. Asthma Therapeutics Market Outlook Share, 2023 & 2030 (US$M)
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