The Inhalation And Nasal Spray Generic Drugs Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Inhalation And Nasal Spray Generic Drugs Global Market Report 2024, The inhalation and nasal spray generic drugs market size has grown strongly in recent years. It will grow from $28.01 billion in 2023 to $30.06 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. 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 $40.32 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. 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..
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.
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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
Top Major Players:
Teva Pharmaceuticals Inc
Sandoz International GmbH
Akorn Operating Company LLC
Cipla Inc.
Apotex Inc
North America was the largest region in the inhalation and nasal spray generic drugs market in 2023
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 report table of contents includes:
1. Executive Summary
2. Inhalation And Nasal Spray Generic Drugs Market Characteristics
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
…...
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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Transparency Market Research (TMR) has published a new report titled, ‘Inhalation and Nasal Sprays Generic Drugs Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’.
According to the report, the global Inhalation & Nasal Sprays Generic Drugs market was valued at US$ 27,512.41 Mn in 2018 and is projected to expand at a CAGR of 4.80% from 2019 to 2027.Request Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=1922OverviewInhalation and nasal spray drugs are the kind of medications employed for relieving runny, stuffy, itchy nose, sneezing, and watery eyes caused by hay infections, among others.The sale of nasal sprays and generic inhalers in expected to increase in the forecast period owing to the rise in the number of patients suffering from chronic obstructive pulmonary disease (COPD), and asthma.
In addition, the high healthcare costs, mainly in the developed countries are driving the people towards generic drugs, contributing to the growth of the inhalation and nasal spray generic drugs market.North America dominated the global inhalation and nasal sprays generic drugs market in 2018 and the trend is anticipated to continue during the forecast period.
This was due to increase in the incidence of COPD and asthma and rising number of awareness programs initiated by governments regarding the availability of generic inhalation drugsAsia Pacific is likely to be a highly lucrative market for inhalation and nasal spray generic drugs and it is expected to expand at a high CAGR during the forecast period.
Key factors driving the market in the region are presence of large population base, increasing government support, and rising incidence of respiratory disorders.Moreover, growing preferences of the population for generic drugs in order to curtail health care costs is likely to boost the growth of the inhalation and nasal spray generic drugs market in Asia PacificRequest COVID Analysis on Inhalation and Nasal Spray Generic Drugs Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=1922Low cost involved with generic prescription drugs to Drive MarketAll generic drugs approved by the U.S. Food and Drug Administration have met the same rigid standards as the branded innovator drug and are available at extremely affordable prices.
Patent expiration of a branded drug leads to competition among generic manufacturers to produce generic versions at lower prices.The rationale behind such low prices of inhalation and nasal spray generic drugs is that no R investments, advertising, marketing, and promotion are involved in the manufacture of generic drugs.
Global “Inhalation & Nasal Spray Generic Drugs Market” Research Report 2019-2024 is a historical overview and in-depth study on the current & future market of the Inhalation & Nasal Spray Generic Drugs industry.
This report gives a historical overview of the market trends, growth, revenue, capacity, cost structure, and key drivers analysis.Request A Sample Copy of the Report – http://industryresearch.biz/enquiry/request-sample/13841610The report offers detailed coverage of the Global Inhalation & Nasal Spray Generic Drugs market which includes industry chain structure, definitions, applications, and classifications.
The global Inhalation & Nasal Spray Generic Drugs market analysis is provided for the international markets including development trends, competitive landscape analysis, investment plan, business strategy, opportunity, and key regions development status.
Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The sales of generic inhalers and nasal sprays is expected to increase even further after the release of studies that point to an increase in the number of patients suffering from restrictive and even life-threatening respiratory diseases, such as COPD and asthma.
This report categorizes the market based on manufacturers, regions, type and application.Global Inhalation & Nasal Spray Generic Drugs market competition by TOP MANUFACTURERS, with production, price, revenue (value) and each manufacturer includingTevaSandoz (Novartis AG)MylanAllergan PLCCiplaAkornApotexSun Pharma (Ranbaxy)Nephron PharmaBeximco PharmaHikma (Roxane)XIANJU PHARMAEnquire Before Purchasing This Report – http://industryresearch.biz/enquiry/pre-order-enquiry/13841610This report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, coveringNorth AmericaEuropeAsia-PacificSouth AmericaMiddle East and AfricaOn the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split intoCorticosteroidsBronchodilatorsCombinationsDecongestant SpraysOthersOn the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, includingAsthmaCOPDAllergic RhinitisOtherGlobal Inhalation & Nasal Spray Generic Drugs Market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information.
