Market Trends of Global Bronchitis Treatment Industry
This section covers the major market trends shaping the Bronchitis Treatment Market according to our research experts:
The Bronchodilators Segment is the Expected to Show a High Growth During the Forecast Period
By class of drugs, the bronchodilator segment is anticipated to hold a major share of the market. Bronchodilators are drugs that open the airway passages and are also used for expanding the windpipe, thus improving the breathing of individuals suffering from lung infections, bronchial asthma, and chronic obstructive pulmonary disease (COPD). Bronchodilators are the first-line medication for the treatment of bronchitis for clearing the airway obstruction, which is an essential parameter in chronic bronchitis to ease the breathing in patients.
Further, the major factors, such as the increasing incidence of respiratory diseases, the rising prevalence of smoking, and the rising product approvals, are driving the growth of the market segment. Therefore, as the number of respiratory diseases is increasing, the demand for bronchodilators is all set to increase. For instance, as per a February 2022 article published by the National Center for Bio, titled "Acute Bronchitis", it is estimated that every year, 5% of the general population reports an episode of acute bronchitis, accounting for more than 10 million office visits annually. Thus, the growing burden of bronchitis is increasing the demand for bronchitis treatment, thereby contributing to the market growth.
In addition, several market players are engaged in the implementation of strategic initiatives, thereby contributing to market growth. For instance, in February 2022, the United States Food and Drug Administration (USFDA) approved Lupin Limited's generic form of Brovana (arformoterol tartrate) for treating bronchoconstriction in people with chronic obstructive pulmonary disease (COPD). The active agent in Brovana is a bronchodilator, a substance that prompts the airways to relax and widen, thus lessening bronchoconstriction.
Thus, due to the above-mentioned developments, the market is expected to witness significant growth over the forecast period.
North America Dominates the Market and is Expected to do Same in the Forecast Period
Within North America, the United States has held the major share of the bronchitis treatment market.
This is due to factors such as the rising incidence of bronchitis and an increasing trend of smoking in the young generation along with an increasing number of strategic initiatives by the market players. For instance, as per a February 2022 update by the Centers for Disease Control and Prevention (CDC), 5% of the adults in the United States were diagnosed with chronic obstructive pulmonary disease (COPD), emphysema, or chronic emphysema in 2020. Thus, as COPD is associated with bronchitis, there is a significant demand for bronchitis treatment in the country, thereby contributing to the market growth.
Additionally, several market players are engaged in the implementation of strategic initiatives, thereby contributing to market growth. For instance, in June 2021, Lupin launched the generic inhalation product Arformoterol to treat chronic bronchitis in the United States market. Such developments are anticipated to fuel the development of more such products and their approval for the treatment of bronchitis in the country, which will further boost the market growth in the coming period.
Thus, due to the above-mentioned developments, the market is expected to witness significant growth over the forecast period.
