In 2023, the global Chronic Obstructive Pulmonary Disease (COPD) Market the global Chronic Obstructive Pulmonary Disease (COPD) market is expected to be worth US$ 21.58 billion. With rising alcohol consumption, the overall demand for Chronic Obstructive Pulmonary Disease (COPD) is expected to rise at a CAGR of 4.4% between 2023 and 2033, reaching around US$ 33.19 billion by 2033.
According to Future Market Insights, the Chronic Obstructive Pulmonary Disease (COPD) market is expected to grow during the analysis period, owing to an increase in patient population as a result of a significant rise in asthma incidence and prevalence.
According to a World Health Organization (WHO) factsheet from 2021, asthma is a major noncommunicable disease (NCD) that affects both children and adults. In 2019, it affected an estimated 262 million people worldwide and killed 461,000 people.
The major market players’ business strategies include massive investments in asthma drug research, as well as strategic collaborations such as mergers and acquisitions. As a result, the aforementioned factors are expected to accelerate the growth of COPD.
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FMI, in its business report, elaborates the historical and current scenario of the global Chronic Obstructive Pulmonary Disease (COPD) market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.
Crucial information and forecast statistics covered in the Chronic Obstructive Pulmonary Disease (COPD) Market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis on Chronic Obstructive Pulmonary Disease (COPD) Market
The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Chronic Obstructive Pulmonary Disease (COPD) market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Chronic Obstructive Pulmonary Disease (COPD) market.
Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Chronic Obstructive Pulmonary Disease (COPD) market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Chronic Obstructive Pulmonary Disease (COPD) Market: Segmentation
Valuable information covered in the FMI’s Chronic Obstructive Pulmonary Disease (COPD) market report has been segregated into key segments and sub-segments.
Chronic Obstructive Pulmonary Disease (COPD) Market by Drug Class:
- Combination Therapy
- Bronchodilators
- Corticosteroids
- Phosphodiesterase Type 4 Inhibitor
- Mucokinetics
- Others
Chronic Obstructive Pulmonary Disease (COPD) Market by Type:
- Chronic Bronchitis
- Emphysema
Chronic Obstructive Pulmonary Disease (COPD) Market by Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Chronic Obstructive Pulmonary Disease (COPD) Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Chronic Obstructive Pulmonary Disease (COPD) market. Competitive information detailed in the Chronic Obstructive Pulmonary Disease (COPD) market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Chronic Obstructive Pulmonary Disease (COPD) market report.
Key players covered in the report include:
- Almirall
- AstraZeneca
- Boehringer Ingelheim International GmbH
- CHIESI Farmaceutici S.p.A.
- F. Hoffmann-La Roche Ltd.
- GlaxoSmithKline plc
- Kyowa Hakko Kirin
- Others
Important Questions Answered in the Chronic Obstructive Pulmonary Disease (COPD) Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Chronic Obstructive Pulmonary Disease (COPD) market been expanding during the forecast period?
- How will the global Chronic Obstructive Pulmonary Disease (COPD) market look like by the end of the forecast period?
- What innovative strategies are adopted by Chronic Obstructive Pulmonary Disease (COPD) market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Chronic Obstructive Pulmonary Disease (COPD) market?
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