The global lung disease treatments market was valued at USD 81.2 billion in 2022 and is expected to grow to USD 146.1 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.1% from 2023 to 2032. This growth is driven by ongoing advancements in personalized and targeted therapies, along with a rising prevalence of respiratory conditions.
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Asthma symptoms are prevalent in approximately 1 in 10 children globally. According to the Global Asthma Network (GAN) Phase I 2022 findings, the overall prevalence of current asthma symptoms was 9.1% among children, 11.0% among adolescents, and 6.6% among adults.
The lung disease therapeutics market is witnessing significant growth due to the increasing prevalence of respiratory disorders, including chronic obstructive pulmonary disease (COPD), asthma, cystic fibrosis, and pulmonary arterial hypertension (PAH). These diseases pose a substantial burden on global healthcare systems and require effective therapeutic interventions to manage symptoms, improve patient outcomes, and enhance quality of life.
The market encompasses various therapeutic approaches, including bronchodilators, corticosteroids, targeted therapies, monoclonal antibodies, and gene therapies. These treatments aim to alleviate symptoms, reduce inflammation, restore lung function, and prevent disease progression. The increasing awareness about respiratory health, advancements in diagnostic techniques, and the development of novel treatment options are driving market growth. The rising geriatric population, growing tobacco smoking prevalence, and environmental factors such as air pollution contribute to the high demand for lung disease therapeutics.
Several major healthcare companies are leading the way in the lung disease therapeutics market, working to develop and deliver innovative treatments. These include:
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