Bronchodilator Drugs - Brazil

Brazil

The Bronchodilator Drugs market in Brazil is expected to witness significant growth in the coming years.
It is projected that the revenue in this market will reach US$0.56bn in 2024.
Furthermore, the market is anticipated to exhibit an annual growth rate (CAGR 2024-2028) of 3.80%, leading to a market volume of US$0.65bn by 2028.
When compared globally, it is worth noting that United States is expected to generate the highest revenue in the Bronchodilator Drugs market.
In 2024, the revenue generated United States is estimated to be US$17,340.00m.
This showcases the dominance of the United States in this market.
Brazil has seen a surge in demand for bronchodilator drugs, driven by the high prevalence of respiratory diseases in the country.

Key regions: Europe, India, Canada, Italy, South Korea

Market

Region

Region comparison

Currency

Analyst Opinion

Bronchodilator drugs are commonly used to treat respiratory diseases such as asthma and chronic obstructive pulmonary disease (COPD). In Brazil, the market for bronchodilator drugs has been steadily growing in recent years.

Customer preferences: Customers in Brazil prefer bronchodilator drugs that are affordable and effective. They also prefer drugs that have fewer side effects and are easy to use. As a result, there is a high demand for generic bronchodilator drugs in the Brazilian market.

Trends in the market: One of the major trends in the bronchodilator drugs market in Brazil is the increasing prevalence of respiratory diseases. This has led to a growing demand for bronchodilator drugs. Another trend in the market is the increasing use of combination therapy, which involves the use of two or more bronchodilator drugs to treat respiratory diseases.

Local special circumstances: Brazil has a large population and a high prevalence of respiratory diseases. This has led to a high demand for bronchodilator drugs in the country. In addition, the Brazilian government has implemented policies to increase access to healthcare, which has further boosted the demand for bronchodilator drugs.

Underlying macroeconomic factors: The Brazilian economy has been recovering from a recession in recent years, which has led to an increase in disposable income. This has resulted in a higher demand for healthcare services, including bronchodilator drugs. In addition, the Brazilian government has implemented policies to encourage the production of generic drugs, which has led to an increase in the availability of affordable bronchodilator drugs in the market.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on drug revenues allocated to the country where the money is spent. Monetary values are given at manufacturer price level excluding VAT.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market. As a basis for evaluating markets, we use financial information of the key players by market. Next, we use relevant key market indicators and data from country-specific associations, such as industry associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. The main driver is healthcare expenditure. Expiring patents and new drugs in the pipeline are also considered.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. This market comprises prescription drugs and all OTC drugs covered in the Statista OTC Pharmaceuticals market. However, in the OTC Pharmaceuticals market, revenues are based on end-consumer prices.