The inhalation and nasal spray generic drugs global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Inhalation And Nasal Spray Generic Drugs Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The inhalation and nasal spray generic drugs market size has grown strongly in recent years. It will grow from <b>$28.01 billion in 2023 to $30.06 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. </b> The growth in the historic period can be attributed to rising respiratory disorders, cost-effective alternatives, government initiatives to promote generics, market entry of generic manufacturers, generic switching policies, regulatory support for generics.
The inhalation and nasal spray generic drugs market size is expected to see strong growth in the next few years. It will grow to <b>$40.32 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. </b> The growth in the forecast period can be attributed to growing aging population, expanding generic pipeline, pharmacy and retailer initiatives, global respiratory disease burden, biosimilar competition, patient preference for generic alternatives. Major trends in the forecast period include advancements in inhalation drug delivery systems, focus on biosimilar nasal sprays, collaborations and partnerships, patient-centric design of inhalers, shift towards otc nasal sprays.
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Scope Of Inhalation And Nasal Spray Generic Drugs Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Inhalation And Nasal Spray Generic Drugs Market Overview
Market Drivers –
The rising incidence of chronic respiratory diseases globally is expected to propel the growth of inhalation and nasal spray generic drugs. Chronic respiratory conditions affect the lungs’ airways and other structures. in June 2023, according to The Centers for Disease Control and Prevention, a US based public health agency, there were 142,342 deaths in 2021 from chronic lower respiratory diseases. Additionally, in June 2023, according to the Australian Institute of Health and Welfare, a Australia-based national agency Nearly one-third (30%) of Australians, or 7.5 million people, have been diagnosed with chronic respiratory diseases. Therefore, the rising incidence of chronic respiratory diseases globally will help the market grow.
Market Trends –
Strategic partnerships and collaborations have emerged as the key trends in the market. Major players operating in the inhalation and nasal spray generic drugs market are focused on partnerships and collaborations to reinforce their position. For instance, in February 2022, Glenmark Pharmaceuticals Limited, an Indian-based integrated research-based, global pharmaceutical company, partnered with SaNOtize, a Canada-based biotech company. With this collaboration, they intend to launch the Nitric Oxide Nasal Spray (NONS) in order to treat COVID-19 in adult patients in India. Also, in July 2021, Crystec Pharma, a UK-based crystal and particle engineering company, collaborated with Iconovo to formulate new innovative compounds for dry powder inhalers. Iconovo is a Sweden-based company that offers inhalation solutions for pharmaceutical companies.
The inhalation and nasal spray generic drugs market covered in this report is segmented –
1) By Drug Class: Corticosteroids, Bronchodilators, Antihistamines, Combinations, Decongestant Sprays
2) By Indication: Asthma, Chronic Obstructive Pulmonary Disease (COPD), Allergic Rhinitis, Other Indications
3) By Patient Demographics: Geriatric Patient, Adult Patient, Pediatric Patient
4) By End-User: Hospitals, Homecare, Other End-Users
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Regional Insights –
North America was the largest region in the inhalation and nasal spray generic drugs market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the inhalation and nasal spray generic drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the inhalation and nasal spray generic drugs market report are Teva Pharmaceuticals Inc., Sandoz International GmbH, Akorn Operating Company LLC, Cipla Inc., Apotex Inc., GlaxoSmithKline Intellectual Prop. Ltd., Impax Laboratories LLC, Bausch Health Companies Inc., Mylan Ireland Limited, Hikma Pharmaceuticals PLC, Lupin Limited, Sun Pharmaceutical Industries Ltd., Dr. Reddy’s Laboratories Ltd., Aurobindo Pharma Limited, Zydus Lifesciences Ltd., Torrent Pharmaceuticals Limited, Glenmark Pharmaceuticals Limited, Jubilant Biosys Limited, Alembic Pharmaceuticals Limited, Laurus Labs Limited, Macleods Pharmaceuticals Ltd., Intas Pharmaceuticals Ltd., Wockhardt Limited, Alkem Laboratories Limited, Unichem Laboratories Limited, Aarti Drugs Limited, Indoco Remedies Limited, Granules India Limited, Natco Pharma Limited, Aesica Pharmaceuticals Limited, Labiana Pharmaceuticals S.L.U., Summit Biosciences Inc.
Table of Contents
1. Executive Summary
2. Inhalation And Nasal Spray Generic Drugs Market Report Structure
3. Inhalation And Nasal Spray Generic Drugs Market Trends And Strategies
4. Inhalation And Nasal Spray Generic Drugs Market – Macro Economic Scenario
5. Global Inhalation And Nasal Spray Generic Drugs Market Size and Growth
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31. Global Inhalation And Nasal Spray Generic Drugs Market Competitive Benchmarking
32. Global Inhalation And Nasal Spray Generic Drugs Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Inhalation And Nasal Spray Generic Drugs Market
34. Inhalation And Nasal Spray Generic Drugs Market Future Outlook and Potential Analysis
35. Appendix
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