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What fueled the previous growth in the inhalable drugs market?

In recent years, there has been substantial growth in the market size of inhalable drugs. The market is projected to expand from $35.06 billion in 2024 to $37.27 billion in 2025, experiencing a compound annual growth rate (CAGR) of 6.3%. This growth during the past years has been driven by several factors, including an increased elderly population, patients’ preference for non-invasive procedures, an enhanced focus on respiratory health, and the growth of emerging markets.

What will be the inhalable drugs market size in the future?

The market size of inhalable drugs is forecasted to significantly expand in the coming years, reaching a value of $50 billion by 2026, with a compound annual growth rate (CAGR) of 7.6%. The predicted expansion in this period can be linked to the escalating healthcare expenditure, rising demand for biologics, a heightened focus on individualized medication, and legal backing for orphan drugs. Noteworthy trends that will dominate the forecast period are the advent of advanced respiratory drugs for animal medicine, technological advancements, and better reimbursement policies.

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What main drivers are fueling expansion in the inhalable drugs market?

The surge in respiratory illness cases promises to push forward the inhalable drug market’s progress. Respiratory disorders are health issues that compromise the respiratory system which encompasses the lungs, bronchi, trachea, larynx, pharynx, and nasal airways. Inhalable drugs serve as a vital and effective solution for numerous respiratory conditions since they transfer medication straight to the lungs. For instance, data from the Australian Bureau of Statistics in December 2023 highlighted that in 2022, a total of 2.5% of the population (638,100 individuals) in Australia were diagnosed with COPD, with comparable rates between men (2.4%) and women (2.6%). COPD was notably rampant amongst the current daily smokers (8.1%) in comparison to former smokers (4.4%) and non-smokers (1.6%). Therefore, the escalating prevalence of respiratory disorders is expected to fuel the expansion of the inhalable drug market in the future.

What key areas define the segmentation of the global inhalable drugs market?

The inhalable drugs market covered in this report is segmented –

1) By Product: Aerosol, Dry Powder Formulation, Spray

2) By Distribution Channel: Hospital Pharmacy, Pharmacy Stores, Other Distribution Channels

3) By Application: Respiratory Diseases, Non-Respiratory Diseases

4) By End Users: Adults, Pediatric, Geriatric

Subsegments:

1) By Aerosol: Metered Dose Inhalers (MDIs), Nebulizers, Soft Mist Inhalers

2) By Dry Powder Formulation: Dry Powder Inhalers (DPIs), Blister Packs, Capsules

3) By Spray: Nasal Sprays, Oral Sprays, Subcutaneous Sprays

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Who are the dominant players expanding their reach in the inhalable drugs market?

Major companies operating in the inhalable drugs market include Pfizer Inc., Merck & Co. Inc., Novartis AG, Sanofi SA, AstraZeneca plc, GlaxoSmithKline Plc, Eli Lilly and Company, Boehringer Ingelheim International GmbH, Teva Pharmaceutical Industries Ltd., Catalent Inc., Sumitomo Pharma Co. Ltd., Intertek Group plc, AptarGroup Inc., Cipla Inc., Glenmark Pharmaceuticals Inc., Piramal Pharma Ltd., Zambon S.p.A., Sunovion Pharmaceuticals Inc., Nelson Laboratories LLC, Vectura Group Limited, Abiogen Pharma, Quotient Sciences, AeroGen Pharma, Alaxia S.A.S., Pharmaxis Ltd., Avalyn Pharma Inc., TFF Pharmaceuticals Inc.

How are evolving market trends shaping inhalable drugs Strategies?

Innovations in products are emerging as a significant trend in the respirable drug industry. Leading businesses in the sector are focusing on the development of novel inhalable remedies to maintain their market foothold. DMV-Fonterra Excipients GmbH & Co. KG, a pharmaceutical firm based in Germany, is a prime example. In July 2022, they broadened their dry powder inhalation (DPI) range with the introduction of Lactohale 400, a new grade product that can be specifically customized to the needs of individual pharmaceutical enterprises. It was designed together with formulators to improve patient results. A wide array of lactose-based additives are designed to deliver the right characteristics for different inhaled treatments. Lactohale 400 distinguishes itself as a crushed, anhydrous type of dry lactose, ideal for DPI applications that demand high flow and cohesivity. It differentiates from typical lactose carriers due to its anhydrous nature, providing a unique aerosolization performance compared to lactose monohydrate of identical particle size.

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Which regions are emerging as leaders in the inhalable drugs market?

North America was the largest region in the inhalable drugs market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the inhalable drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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