Adrenergic Bronchodilator Market was valued at USD 2,006.2 million in 2021 and is expected to reach USD 3,009.6 million by 2029, registering a CAGR of 5.20% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
In recent years, the adrenergic bronchodilator market is anticipated to grow rapidly during the forecast period. Respiratory diseases such as chronic obstructive pulmonary disease (COPD) and asthma are more common among the elderly. According to the Centers for Disease Control and Prevention (CDC), approximately 4,069,278 Americans over the age of 65 had asthma in 2019. Because bronchodilators are essential for maintaining normal airflow in these patients' lungs, demand for bronchodilators is expected to rise in the near future.
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Market Analysis and Insights: Global Adrenergic Bronchodilator Market:
Adrenergic bronchodilators referred to the drugs that open up the airways. Asthma and chronic bronchitis are treated with them. Overdosing on an adrenergic bronchodilator happens when someone consumes more than the regular or recommended dose of this medication. This could happen by chance or on intent. Adrenergic bronchodilators are also termed as inhaled drugs.
The rising prevalence of pulmonary diseases is a primary driver of the adrenergic bronchodilator market's growth.
Another significant factor influencing the growth rate of adrenergic bronchodilator market is the rising healthcare expenditure which helps in improving its infrastructure.
Furthermore, rising initiatives by public and private organizations to spread awareness will expand the adrenergic bronchodilator market. Additionally, high disposable income and increasing level of government funding will result in the expansion of adrenergic bronchodilator market. Along with this, rising geriatric population and surging prevalence of chronic respiratory diseases will enhance the growth rate of the market.
Moreover, the market's growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for the adrenergic bronchodilator market growth. Along with this, rising drug approvals and launches will further propel the market’s growth rate.
Moreover, rising investment for the development of advanced technologies and increase in the number of emerging markets will further provide beneficial opportunities for the adrenergic bronchodilator market growth during the forecast period.
COVID-19 Impact on Adrenergic Bronchodilator Market
Since its emergence in December 2019, the COVID-19 virus has spread to nearly every country on the planet, prompting the World Health Organization (WHO) to declare it a public health emergency. A significant increase in the number of individuals with respiratory illnesses as a result of COVID-19 is expected to increase global demand for bronchodilators. Several studies suggest that using bronchodilator drugs to treat COVID-19 patients can help patients breathe more normally and enhance their functional abilities. These drugs are most effective in COVID-19 instances with reactive airway illnesses that have been verified or suspected. However, several studies contradict the efficacy of bronchodilators, concluding that no substantial changes are detected in affected patients, with very minor improvements in clinical outcomes for lowering mortality risk. As a result, the pandemic is expected to have a moderate impact on the adrenergic bronchodilator market.
Table of Contents: Global Adrenergic Bronchodilator Market
1 Introduction
2 Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Covid-19 Impact on Adrenergic Bronchodilator in Healthcare Industry
7 Global Adrenergic Bronchodilator Market, by Product Type
8 Global Adrenergic Bronchodilator Market, by Modality
9 Global Adrenergic Bronchodilator Market, by Type
10 Global Adrenergic Bronchodilator Market, by Mode
11 Global Adrenergic Bronchodilator Market, by End User
12 Global Adrenergic Bronchodilator Market, by Geography
13 Global Adrenergic Bronchodilator Market, Company Landscape
14 Swot Analysis
15 Company Profiles
16 Questionnaire
17 Related Reports
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