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Bronchodilators Market Insights, Share, Trends, Future Scope

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Vinit Sawant

According to MRFR analysis, Bronchodilators Market size is expected to register a CAGR of 5.30% during the forecast period of 2019 to 2025 and is expected to reach USD 2,484 Million by 2025.

Bronchodilators are medications that make breathing easier by opening the airways of the lung by relaxing bronchial muscles. They are used to treat various respiratory problems such as asthma, COPD, and other allergic reactions that cause breathing problems.

The global bronchodilators market is currently dominated by several market players. The key players are involved in product launches and strategic collaborations to strengthen their market positions. For instance, in April 2019, Cipla Technologies entered into agreement with Pulmatrix Inc. to co-develop a formulation for the treatment of allergic bronchopulmonary aspergillosis (ABPA) in patients with asthma.

The growth of the global bronchodilators market is driven by various factors such as increase in prevalence of pulmonary disorders, an increasing geriatric population and increasing mergers and acquisitions by prominent players in the market.

However, side effects associated with bronchodilators and government regulations related to the safety & efficacy of the bronchodilators are projected to hamper the growth of the global bronchodilators market.

Regional Analysis

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas are expected to be the largest market owing to the rising per capita healthcare expenditure.

The bronchodilators market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European bronchodilators market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.

 

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