"Designing Growth Strategies is in our DNA"
In February 2019, FDA approved the use of Yupelri inhalation solution manufactured by Mylan for patients suffering from chronic obstructive pulmonary disease. According to the World health Organisation (WHO), chronic obstructive pulmonary disease (COPD) is a type of life-threatening lung disorder that disrupts the lung airflow and interferes with normal breathing.
The major factors that cause COPD are exposure to cigarette smoke, air pollution, chemical fumes or dust, rare genetic condition, among others. Recent studies (2018) published in The Lancet Respiratory Medicine, revealed that permanent lung damage caused due to COPD starts even before the patient experience any symptoms.
To gain extensive insights into the market, Request for Customization
The Global Burden of Disease Study (2016) performed by the Institute of Health Metrics and Evaluation, reported 251 million incidences of COPD globally. According to WHO, globally approximate 200 million people were diagnosed with COPD in the year 2016. Urbanization in developing countries in the Asia Pacific exposes the population to various forms of lung irritants that could be a major risk factor to cause COPD.
The World Health Organisation (WHO) states that the most common cause of COPD is exposure to tobacco smoke both via first hand and second-hand smoking. This global increase in the prevalence of COPD is expected to drive the COPD drugs market growth during the forecast period.
The high economic burden in the treatment of COPD is expected to harm the growth of the global COPD drugs market. Centre for Disease Control and Prevention (CDCP) attributed that the cost related to COPD in the US were 32.1 $ billion in the year 2010 and is projected to increase to 49 billion by the year 2020.
Key players operating in the global chronic obstructive pulmonary disease drugs market are Mylan N.V., GlaxoSmithKline plc., Boehringer Ingelheim Pharmaceuticals Inc., Teva Pharmaceutical Industries Ltd., AstraZeneca Pharmaceuticals LP, and others.
By Drug Class
· Combination drugs
By Distribution Channel
· Hospital pharmacy
· Retail pharmacy
· Online pharmacy
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
At present, among drug class segment, bronchodilators are considered to hold the major share of the COPD drugs market due to the increased efficacy of the drug class that could lead to a rise in adoption of the therapy globally.
The global COPD drugs market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global COPD drugs market owing exponentially increasing air pollution, the rapid pace of industrialization, and the adoption of a sedentary lifestyle. Moreover, growth in the smoking population and lack of awareness of COPD is expected to raise the prevalence of the disease, resulting in increased adoption of COPD drugs. According to The Lung Association, COPD is prevalent in men and women and is the sixth most common factor of hospitalization in women and fourth most in men in Canada. The Asia Pacific, Middle East, and Africa also hold huge potential for growth of the global COPD drugs owing to the rising prevalence of respiratory distress conditions. For instance, the data published by the World health organization (WHO) states that more than 90% of death due to COPD happen in low and middle-income countries. Rapid urbanization that causes an increase in air pollution provides amplifies predisposition to acquire respiratory diseases like COPD, hence providing lucrative growth opportunities for COPD drugs market in these regions.
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- Global hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry