Bronchodilator Drugs - United States

United States

The Bronchodilator Drugs market in the United States is poised to witness impressive growth in the coming years.
According to projections, the revenue is expected to reach a staggering US$17.34bn by 2024.
This substantial figure demonstrates the significant market potential in the country.
Looking ahead, the market is forecasted to maintain a steady annual growth rate of 3.35% from 2024 to 2028.
As a result, the market volume is anticipated to reach an even more impressive US$19.78bn by 2028.

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

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Analyst Opinion

Bronchodilator Drugs market in United States has been experiencing a significant growth in the past few years due to the rise in respiratory disorders.

Customer preferences: Bronchodilator Drugs are the most commonly prescribed medication for respiratory disorders such as asthma, chronic obstructive pulmonary disease (COPD), and bronchitis. The increasing prevalence of these diseases has led to a surge in demand for Bronchodilator Drugs in the United States.

Trends in the market: The Bronchodilator Drugs market in the United States is witnessing a shift towards combination therapies. Combination therapies are a combination of two or more drugs that are used to treat respiratory disorders. These therapies have proven to be more effective in controlling symptoms and reducing the frequency of exacerbations. The market is also seeing an increase in the adoption of long-acting bronchodilators, which provide relief for a longer duration than short-acting bronchodilators.

Local special circumstances: The United States has a well-established healthcare system, which supports the development and adoption of new drugs. The country has a large patient pool, which creates a significant demand for Bronchodilator Drugs. Additionally, the country has a high level of awareness about respiratory disorders, which has led to increased screening and diagnosis of these diseases.

Underlying macroeconomic factors: The United States has a high per capita income, which enables patients to afford expensive medications. The country also has a strong pharmaceutical industry, which invests heavily in research and development of new drugs. The favorable regulatory environment and the presence of key players in the market have also contributed to the growth of the Bronchodilator Drugs market in the United States.

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.