Bronchodilator Drugs - South America

South America

The projected revenue in the Bronchodilator Drugs market in South America is estimated to reach US$0.87bn by 2024.
It is expected to demonstrate an annual growth rate of 4.06% from 2024 to 2028, leading to a market volume of US$1.02bn by 2028.
When compared globally, United States is anticipated to generate the highest revenue of US$17,340.00m in 2024.
In South America, the demand for bronchodilator drugs is on the rise due to high levels of air pollution and prevalence of respiratory conditions.

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

Market

Region

Region comparison

Currency

Analyst Opinion

Bronchodilator drugs are widely used in South America to treat respiratory diseases such as asthma and chronic obstructive pulmonary disease (COPD). The demand for these drugs has been increasing in the region due to various factors.

Customer preferences: Patients in South America prefer bronchodilator drugs that are affordable and effective in managing their respiratory conditions. They also prefer drugs that have minimal side effects and are easy to use.

Trends in the market: One of the major trends in the bronchodilator drugs market in South America is the increasing use of combination therapies. These therapies combine two or more drugs to provide better symptom relief and improve patient outcomes. Another trend is the growing popularity of generic drugs as they are more affordable than brand-name drugs.In Brazil, the largest market for bronchodilator drugs in South America, there is a shift towards long-acting bronchodilators as they provide sustained relief from respiratory symptoms. The market for short-acting bronchodilators is declining in the country.In Argentina, the second-largest market for bronchodilator drugs in the region, the market is dominated by local manufacturers. The government regulates drug prices in the country, which affects the profitability of drug manufacturers.

Local special circumstances: In Colombia, the government provides free healthcare to low-income families, which has led to an increase in the demand for bronchodilator drugs. The government also regulates drug prices in the country, which affects the profitability of drug manufacturers.In Chile, the market for bronchodilator drugs is dominated by multinational companies. The government regulates drug prices in the country, which affects the profitability of drug manufacturers.

Underlying macroeconomic factors: The increasing prevalence of respiratory diseases in South America is one of the main macroeconomic factors driving the demand for bronchodilator drugs in the region. Rapid urbanization, air pollution, and smoking are some of the factors contributing to the increasing prevalence of respiratory diseases.The growing aging population in South America is also driving the demand for bronchodilator drugs as the risk of respiratory diseases increases with age. The increasing healthcare expenditure in the region is another macroeconomic factor driving the demand for these drugs.In conclusion, the bronchodilator drugs market in South America is driven by various factors such as customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The market is expected to continue growing due to the increasing prevalence of respiratory diseases in the region.

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.