Severe Asthma Treatment Market to Register a Steady Revenue CAGR of 4.8% by 2031 | Growth Plus Reports

Newark, New Castle, USA, June 01, 2023 (GLOBE NEWSWIRE) — The market analysis of the global severe asthma treatment market was conducted by Growth Plus Reports in 2022. The market is expected to hit a revenue CAGR of 4.8% by 2031.

Analysis of the global market for severe asthma treatment indicates that during the forecast period, revenue share is likely to increase significantly. The severe asthma treatment market refers to the pharmaceutical sector focused on developing and providing therapeutic interventions for individuals with severe asthma, a chronic respiratory condition characterized by persistent and severe symptoms, frequent exacerbations, and limited response to standard asthma treatments.

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               Severe Asthma Treatment Market Scope

The severe asthma treatment market is experiencing dynamic growth due to several factors. The rising prevalence of asthma, including severe cases, is driving the need for effective treatment options. The emergence of biological therapies has revolutionized the management of severe asthma, providing targeted approaches that address specific underlying mechanisms. 

Additionally, the focus on personalized medicine has led to the development of tailored treatments for different subtypes of severe asthma. Ongoing research and development activities are fueling innovation in the market by improving treatment efficacy and patient outcomes. Overall, the market is characterized by increasing demand, advancements in therapeutic options, and a drive toward personalized and targeted approaches to address the unmet medical needs of individuals with severe asthma.

Recent Developments in the Severe Asthma Treatment Market: 

• In March 2023, AstraZeneca India, a biopharmaceutical business, intended to open five Centers of Excellence in Kochi, Ahmedabad, Goa, and New Delhi to offer a methodical approach to the uniform and standardized therapy of patients with severe asthma. The facilities will be serving as a hub for managing and caring for patients with severe asthma. They will also aid in the development of severe asthma centers for a systematic and guidelines-based approach to identifying and caring for patients with severe asthma.

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Competitive Landscape: 

A list of the prominent players operating in the global market for severe asthma treatment includes: 

• GlaxoSmithKline PLC
• Teva Pharmaceutical
• Novartis AG
• Sanofi S.A.
• Regeneron Pharmaceutical 

Market Segmentation: 

Based on treatment type, the global severe asthma treatment market includes long-acting beta-agonists, macrolide antibiotics, biologic drugs, Anti-IL-5, Anti-IL-4, Anti-IL-13, leukotriene modifiers, and corticosteroids. 

The biologic drugs segment is projected to record a high revenue CAGR in the global severe asthma treatment market.

The worldwide severe asthma treatment market revenue is dominated by North America. Due to a high frequency of severe asthma and widespread access to healthcare, this is the case. 

Report Coverage 

Growth Plus Reports conducted extensive global market research on the market for treating severe asthma. We examined the fundamental characteristics of the market, notable investment opportunities, regional development patterns, ten-year revenue estimates, competing market actors, and mergers and acquisitions.

The severe asthma treatment market is witnessing significant growth and innovation, driven by the increasing prevalence of asthma, unmet medical needs, advancements in biologics, and a focus on personalized medicine. The availability of targeted therapies and the ongoing research in this field provide hope for improved outcomes and a better life for individuals living with severe asthma. As the understanding of the underlying mechanisms of severe asthma deepens, the market is expected to continue evolving with the development of novel treatments and therapeutic strategies.

Table of Content

1. INTRODUCTION
   1. Market Ecosystem
   2. Timeline Under Consideration
      1. Historical Years – 2021
      2. Base Year – 2022
      3. Forecast Years – 2023 to 2031
   3. Currency Used in the Report
2. RESEARCH METHODOLOGY 
   1. Research Approach
   2. Data Collection Methodology
   3. Data Sources
      1. Secondary Sources 
      2. Primary Sources 
   4. Market Estimation Approach
      1. Bottom Up
      2. Top Down 
   5. Market Forecasting Model
   6. Limitations and Assumptions
3. PREMIUM INSIGHTS
   1. Current Market Trends (COVID-19 Perspective)
   2. Key Players & Competitive Positioning (2022)
   3. Regulatory Landscape
   4. Reimbursement Scenario
   5. Epidemiology and Patient Population Forecast to 2031
4. MARKET DYNAMICS
   1. Drivers
   2. Restraints/Challenges
   3. Opportunities
5. GLOBAL ASTHMA TREATMENT MARKET – ANALYSIS & FORECAST, by TREATMENT TYPE
   1. Long-acting Beta-agonists
   2. Macrolide Antibiotics
   3. Biologic drugs
      1. Anti-IL-5
      2. Anti-IL-4
      3. Anti-IL-13
   4. Leukotriene Modifiers
   5. Corticosteroids

ASTHMA TREATMENT MARKET TOC

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• Winning imperatives
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• Investment & Initiatives Analysis
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