Authored By: Sarah
28 Aug 2024

Bronchiectasis Drugs Market Size to grow by $ 394.1 million between 2024-2028

The Bronchiectasis Drugs Market is segmented by Product (Antibiotics, Expectorants, and Others), Distribution Channel (Offline and Online), and Geography (North America, Europe, Asia, and Rest of World (ROW)). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by $ 394.1 million, at a CAGR of 10.87% during the forecast period. There are several companies that are contributing to the market as per this report. Growing awareness about bronchiectasis .

By Product, the Antibiotics segment is projected to dominate the market size in 2024

The antibiotic segment represents a significant market opportunity in the treatment of bronchiectasis, with a diverse range of off-label drugs including azithromycin, erythromycin, doxycycline, amoxicillin, ciprofloxacin, and macrolides. These antibiotics play a pivotal role in bronchiectasis management, as no approved drug therapy exists for this condition. Antibiotics interrupt the infection cycle, reducing inflammation and airway damage. Classifications of antibiotic use include exacerbation treatment, chronic suppressive therapy, and eradication therapy. During exacerbations, antibiotics decrease serum C-reactive protein concentrations, mucus volume, and bacterial density, thereby improving symptoms.

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Why is North America forecasted to hold the largest regional market size in 2024?

The bronchiectasis drugs market represents a significant business opportunity due to the rising prevalence of bronchiectasis, a chronic obstructive pulmonary disease characterized by persistent cough, recurrent chest infections, and increased sputum production. Key market drivers include an aging population, growing awareness, and the launch of novel therapies. Pfizer is counted in one of the notable companies which are investing in research and development to expand their product portfolios. The market is expected to grow steadily, driven by increasing demand for effective treatments and improved patient outcomes.

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Research Analysis Overview

Bronchiectasis is a chronic respiratory disease characterized by the persistent widening and dilation of the bronchial tubes, leading to recurrent lung infections and inflammation. The patient population suffering from bronchiectasis is significant, with symptoms including cough, sputum production, and breathlessness. The disease progression and severity can be assessed through lung function tests and HRCT scans, which help determine the bacterial load and cause of infection. The therapeutic approach for bronchiectasis includes medications such as bronchodilators, inhaled corticosteroids, mucolytics, and antibiotics. Bronchodilators help relax the airways, while inhaled corticosteroids reduce inflammation. Mucolytics thin and loosen mucus, making it easier to cough up, while antibiotics target bacterial infections. The therapeutic adoption rates for branded drugs are high due to their efficacy, but the use of generic drugs is increasing due to their affordability. The API and medicines market for bronchiectasis drugs are witnessing significant growth, with otolaryngologists and pulmonologists being the key prescribers. The disease phase and severity determine the choice of therapy, with some patients requiring long-term treatment to manage symptoms and prevent exacerbations. The market for bronchiectasis drugs is expected to continue growing as new treatments and therapies are developed to improve patient outcomes.

Market Research Overview

The global pharmaceuticals market encompasses entities involved in the research and development (R&D) or manufacturing of various drug categories, including generics, non-generics, and veterinary drugs. According to Technavio, the healthcare market size is determined by the consolidated revenue generated by providers of medical equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services. Factors propelling the expansion of the global pharmaceuticals market include the increasing aging population. By 2050, approximately one-quarter of the US population and by 2030 in Europe, are projected to be over 60 years old, driving significant demand for pharmaceutical solutions.

The Bronchiectasis Drugs Market is experiencing significant growth, fueled by the increasing cases of associated risk factors. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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