The Lower Respiratory Tract Therapeutics Global Market Report 2023, provides comprehensive information on the lower respiratory tract therapeutics market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Lower Respiratory Tract Therapeutics Market’s Growth:
According to The Business Research Company's comprehensive Lower Respiratory Tract Therapeutics Global Market Report for 2023, the global landscape of lower respiratory tract therapeutics is poised for substantial growth. Projections indicate an upward trajectory, with the market anticipated to ascend from $30.19 billion in 2022 to a formidable $32.91 billion in 2023, reflecting a robust compound annual growth rate (CAGR) of 9%.
However, the global economic landscape has encountered a significant disruption due to the Russia-Ukraine war, impeding the anticipated recovery from the COVID-19 pandemic. This geopolitical conflict has triggered widespread economic ramifications, including sanctions affecting multiple nations, an upswing in commodity prices, and disruptions in the supply chain. Consequently, inflationary pressures have permeated goods and services, prompting heightened interest rates that reverberate across various global markets.
Despite these challenges, the lower respiratory tract therapeutics market remains resilient and is poised for further expansion. The forecast indicates a sustained growth trajectory, with the market expected to reach an impressive $44.64 billion by 2027, showcasing a steady CAGR of 7.9%. This underscores the sector's resilience and adaptability amid complex geopolitical and economic dynamics, emphasizing its enduring significance in the broader global healthcare landscape.
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The prevailing trend of product innovations is significantly shaping the landscape of the lower respiratory tract therapeutics market. Esteemed companies within this domain are at the forefront, strategically introducing groundbreaking products to fortify their market standing. In a notable example from the year 2022, AstraZeneca plc, a distinguished UK-based pharmaceutical and biotechnology entity, joined forces with Sanofi S.A., a prominent France-based pharmaceutical company, to unveil Beyfortus. This innovative therapeutic intervention is specifically designed to proactively combat lower respiratory tract diseases in newborns and infants.
Beyfortus has garnered approval from the European Union (E.U.) as a preventive measure against respiratory syncytial virus (RSV) and lower respiratory tract illnesses during the initial RSV season for newborns and babies. Distinguished by its status as the first single-dose RSV passive vaccination tailored for the general newborn population, including those born healthy, at term or prematurely, and those with unique medical considerations, Beyfortus represents a pioneering advancement in pediatric respiratory care. This groundbreaking development not only underscores the commitment of major industry players to technological progress but also signals a transformative era in safeguarding the respiratory health of our youngest population.
The lower respiratory tract therapeutics market is segmented:
1) Lower Respiratory Tract Therapeutics Market By Disease Type: Asthma, Chronic obstructive pulmonary disease, Pneumonia, Tuberculosis, Bronchitis, Other Diseases
2) Lower Respiratory Tract Therapeutics Market By Drug Class: Antibiotics, Non-Steroidal Anti-Inflammatory Drug, Cough Suppressant, Nasal Decongestant, Other Drug Classes
3) Lower Respiratory Tract Therapeutics Market By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
North America was the largest region in the lower respiratory tract therapeutics market in 2022.
The table of contents in TBRC’s lower respiratory tract therapeutics market report includes:
1. Executive Summary
2. Lower Respiratory Tract Therapeutics Market Characteristics
3. Lower Respiratory Tract Therapeutics Market Trends And Strategies
4. Lower Respiratory Tract Therapeutics Market - Macro Economic Scenario
5. Global Lower Respiratory Tract Therapeutics Market Size and Growth
......
32. Global Lower Respiratory Tract Therapeutics Market Competitive Benchmarking
33. Global Lower Respiratory Tract Therapeutics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Lower Respiratory Tract Therapeutics Market
35. Lower Respiratory Tract Therapeutics Market Future Outlook and Potential Analysis
36. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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