GMI Asthma and COPD Market: Global Industry Analysis,

Asthma and COPD Market Size is Projected to Experience
Significant Growth from 2017 to 2024.: Global Market
Insights Inc.
Rising prevalence of the respiratory diseases, growing pathogens in environment
leading to chronic conditions such as, chronic obstructive pulmonary disease (COPD)
and asthma are the major growth driving factors. These conditions require lifelong
medications as a result medical adherence is extremely necessary, in addition, the
reduction in quality of life are some aspects that fuel the Asthma and COPD Market
growth over the forecast period.
These chronic respiratory diseases are caused by numerous environmental factors or
are genetically acquired requires constant care management. As per WHO in 2015,
approximately 3 million deaths were caused due to COPD, being the progressive and
life-threatening disease of lungs, this accounts for around 5% of the total global deaths
per year.
Moreover, the supporting initiatives by private and public institutions adds up to the
asthma and COPD market size growth during the forecast timeframe. For instance, the
Global Asthma Network (GAN) along with the International Union against Tuberculosis
and lung disease and the International Study of Asthma and Allergies in Childhood
(ISAAC) aims reduction in asthma suffering. This is done by the improvement in
respiratory care globally and are more focused on the low and middle-income nations.
The increase in adoption rate of products thereby, provide business growth.
COPD and asthma chronic conditions are non-curable and can be controlled with proper
diagnosis and care. In addition, novel pharmacologic possibilities are being explored, by
concentrating on definite biological mechanism and by knowing pathogenesis of these
illnesses. However, the expiration of patents in many blockbuster brands will cause
pressure such as high cost of treatment.
Browse key industry insights from the report “Asthma and COPD Market Size, Industry
Analysis Report, Regional Outlook (U.S., Canada, Germany, France, Italy, UK, Spain,
China, India, Japan, Australia, New Zealand, Brazil, Mexico, Argentina, South Africa,
Egypt), Application Development Potential, Price Trends, Competitive Market Share &
Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/asthma-and-copd-market
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