As healthcare spending continues to increase worldwide, there is expected to be a greater focus on the development and adoption of new treatments for chronic diseases like severe asthma.
According to Future Market Insights, the global Severe Asthma Treatment Market sales will expand at a 5.1% CAGR from 2023 to 2033, reaching US$ 36.18 billion by 2033. Severe Asthma Treatment has undergone a huge shift with the emergence of biologics and customised treatments, offering hope to millions of individuals worldwide who suffer from the disease.
Biologics, which are made from living organisms, have emerged as a promising development in the treatment of severe asthma by targeting specific immune system pathways that cause inflammation in the airways. In clinical trials, these medications shown remarkable efficacy and are increasingly being used to treat severe asthma patients who do not respond well to standard therapy.
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Some of the most commonly used biologics for severe asthma treatment are omalizumab, mepolizumab, reslizumab, benralizumab, and dupilumab. These medications have been found to improve lung function, reduce asthma exacerbations, and improve overall quality of life in severe asthma patients when administered subcutaneously or intravenously.
The global Severe Asthma Treatment market is predicted to develop in the future years as more people are diagnosed with severe asthma and more breakthrough medications become available.
Key Takeaways from the Market Study
“Advancements in treatments along with innovation of treatment options is expected to favor the growth of the market in the upcoming years.” states an FMI analyst
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Competitive Landscape
Key players in the Severe Asthma Treatment market are Teva Pharmaceutical, AstraZeneca, GlaxoSmithKline, Novartis, Sanofi, Regeneron Pharmaceutical, 4D Pharma plc, AB Pharma, Morphosys, Roche, Avalo Therapeutics, Suzhou Connect Biopharmaceuticals, Pieris Pharma, Biosion
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global Severe Asthma Treatment market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
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Key Segments Profiled in the Severe Asthma Treatment Industry Survey
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Jun 22, 2023