A Detailed Analysis of the Inhalable Drugs Market Based on Growing Technological Advancements in Inhalation Devices, New Product Launches, and Rising Incidence of Respiratory Diseases
Report ID: PMRREP33888
Number of Pages: 180
Format: PPT*, PDF, EXCEL
Industry: Healthcare
Published Date: January-2024
The global Inhalable Drugs market is forecasted to expand at a CAGR of 6.8% and thereby increase from a value of US$1.36 Bn in 2023 to US$2.26 Bn by the end of 2030.
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Attributes |
Key Insights |
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Inhalable Drugs Market Size (2023E) |
US$1.36 Bn |
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Projected Market Value (2030F) |
US$2.26 Bn |
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Global Market Growth Rate (CAGR 2023 to 2030) |
6.8% |
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Historical Market Growth Rate (CAGR 2018 to 2022) |
7.5% |
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Revenue Share of Top Four Countries (2022E) |
45% |
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The delivery of drugs to the respiratory system is accurate and reliable due to advanced inhalation devices. Device engineering advancements improve the effectiveness of medication deposition in the lungs, improving therapeutic results and lowering the possibility of systemic adverse effects. Real-time inhalation event monitoring is made possible by combining smart inhalers and digital health technology. The utilization of connectivity characteristics in healthcare facilitates tracking patient adherence, prompt intervention, and customization of treatment regimens by healthcare providers, hence improving patient outcomes and illness management. Technological improvements facilitate the development of inhalation devices with better dose precision and consistency. This reduces the possibility of under- or overdosing and improves treatment efficacy by guaranteeing that patients receive the recommended dosage of medication with each use.
The user-friendliness of modern inhalation devices is a priority in their design. The enhancement of patient acceptance and adherence to recommended breathing regimens is facilitated by ergonomic designs, streamlined operating procedures, and intuitive interfaces, propelling the market growth. Advancements in material science and device miniaturization facilitate the development of small and portable inhalation devices. With portable devices, patients can manage their respiratory illnesses more conveniently and flexibly, following the growing trend of self-administration and homecare. Multidose inhalers, made possible by technological advancements, enable patients to take many dosages without frequently refilling them. This function improves patient convenience and adherence, supporting the market's expansion of inhalable medications.
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The global healthcare systems bear a heavy weight from respiratory conditions such as cystic fibrosis, asthma, and chronic obstructive pulmonary disease (COPD). Effective and focused treatment solutions are in high demand due to the increasing number of people afflicted by these disorders. Environmental factors, including air pollution, allergies, and occupational exposures, cause many respiratory disorders. Quick symptom alleviation and control are possible with inhalable medications because they deliver medication directly and effectively to the impacted parts of the respiratory system. The growth in respiratory illnesses is partly attributed to modern lifestyles, marked by sedentary habits, poor air quality, and increasing exposure to toxins. Inhalable medications provide a practical and efficient means of treating the symptoms of various lifestyle-related respiratory problems. Due to age-related changes in lung function, people are more prone to respiratory disorders such as COPD. This makes the world's aging population more vulnerable to respiratory conditions. Inhalable medications address the specific demands of the aged population by offering focused and customized treatment plans.
In addition, Emphysema and chronic bronchitis are two respiratory conditions for which smoking is still a significant risk factor. Inhalable medications are essential to smoking cessation programs because they provide a direct method of administering medication to treat respiratory symptoms brought on by tobacco use. More respiratory illnesses are being diagnosed due to improvements in medical diagnostics and raised public knowledge of respiratory health. The need for efficient inhalable medication therapy is growing as more people receive diagnoses. Inhalable medications offer a convenient and non-intrusive way to give medication, which patients generally prefer. This patient-centered strategy helps explain why inhalable treatments are becoming increasingly popular.
Limited Treatment Options to Hinder Market Growth
The limited spectrum of disorders for which inhalable medications can be used is a result of their frequent design to target particular respiratory ailments. Creating inhalable formulations for ailments other than respiratory illnesses is the difficult part of the process. The complexity of medication molecules can present difficulties when formulating them for inhalation, especially for big biologics and complicated chemicals. This intricacy can limit the range of medications appropriate for inhalable formulations by impeding efficient aerosolization and distribution to the target respiratory locations. Because inhalable medications mostly affect the respiratory system, treating systemic illnesses is limited. When treating diseases that impact several organs or call for large-scale drug distribution, inhalation may not be the most effective method of administration.
Technical Complexity in Device Development
Generating a consistently fine aerosol that guarantees efficient medication administration to the pulmonary system is challenging. The development of devices involves technological issues such as achieving the proper particle size distribution and guaranteeing consistent aerosolization across various medication formulations. Accurate and consistent dosage across several administrations is challenging for multidose inhalers. Precise procedures and dose counters are necessary to avoid dosage fluctuations that can jeopardize patient safety and therapeutic efficacy. It is a technical issue to address environmental conditions like humidity and temperature to preserve drug stability and device function. Given the variety of environmental conditions seen in real-world usage scenarios, devices must perform reliably in these situations.
Growing Advancement in Biotechnology
Biotechnology makes the development of inhalable biologics, such as monoclonal antibodies and peptides, possible. These cutting-edge technologies broaden the range of inhalable medications by providing targeted and individualized therapy choices for respiratory and non-respiratory disorders. Advances in biotechnology make it easier to apply the concepts of precision medicine to respiratory care. This entails customizing inhalable medications to each patient's unique profile while considering genetic and molecular variables to maximize therapeutic benefits and reduce side effects. Developments in biotechnology are facilitating the creation of genetic medicines that are inhaled. Gene therapies can potentially revolutionize the inhalable medicine market by focusing on genetic abnormalities linked to respiratory disorders.
Moreover, the design of inhalable medications with improved targeting and specificity is made possible by biotechnological techniques. This accuracy raises the therapeutic index overall by enabling the direct distribution of medicinal compounds to the respiratory system's afflicted cells or tissues. The creation of biosimilars, which result in more affordable substitutes for reference biologic inhalable medications, is facilitated by biotechnology. In addition to potentially lowering treatment costs, this promotes market competition and expands patient access to inhalable biologics. Biotechnology patents impact how inhalation devices, such as smart inhalers, are designed and made. These biotechnologically advanced gadgets improve treatment outcomes, patient monitoring, and adherence, driving market expansion.
The inhalable drug market will grow significantly due to several important trends and variables. The market is anticipated to develop rapidly due to the rising prevalence of respiratory conditions such as asthma and chronic obstructive pulmonary disease (COPD). The focused and effective delivery of medications for respiratory disorders provided by inhalables improves patient compliance and treatment outcomes. Innovations in formulations and inhalation devices can potentially transform the inhalation market completely. For example, smart inhalers with sensors and connectivity capabilities are becoming more popular. By monitoring data in real-time, they can help treat diseases more effectively. With its emphasis on individualized and networked healthcare solutions, this trend is consistent with the larger digital health movement.
Another significant factor is the growing number of therapeutic uses for inhalable medications. These medications are also being investigated for systemic illnesses, including diabetes, pain management, and respiratory ailments. Pharmaceutical businesses looking to innovate in drug delivery are drawn to the market by this diversification of uses, which expands its scope. The growing use of personalized medicine and biologics is expanding the market. With their focused delivery and potential to lessen systemic adverse effects, inhalable biologics provide a fresh strategy for treating respiratory and systemic disorders. As long as the pharmaceutical business keeps spending money on biotechnology, inhalable medications will probably be a major part of the changing scene.
Supply-side Dynamics
The United States of America is at the forefront of developing novel inhaler technologies, particularly in sophisticated dispensing mechanisms, enhanced medication formulation, and data-driven monitoring systems. These developments are largely the result of the efforts of businesses like Medtronic, Teva Pharmaceuticals, and Boehringer Ingelheim. The US Food and Drug Administration (FDA) establishes strict guidelines for the efficacy and safety of devices, influencing international laws and propelling the global development of safe and effective inhalers. With its extensive and well-equipped manufacturing sector, China can produce a wide range of inhalers, such as nebulizers, dry powder inhalers, and MDIs, at a reasonable price. Because of this, China is a major supplier of branded and generic inhaler drugs. Due to its sizable domestic market, China's inhalable medication sector has a solid foundation. Due to this demand, local businesses are encouraged to engage in development and production, which may open up future export opportunities.
Additionally, the prevalence of COPD and asthma in the US is driving the need for inhalers for symptom management and treatment. Access to various inhaler types and individualized care is made possible by well-equipped hospitals and specialists, promoting increased use. Modern inhalers with better features and medication delivery systems are becoming increasingly popular in the US market due to consumers embracing cutting-edge technology. The region is large and diversified, with different consumption trends. Wealthy nations like South Korea and Japan use sophisticated inhalers, whereas others, because of financial limitations, rely more on simple MDIs. China's massive population and rising healthcare costs are driving the country's rapid consumption growth.
Which Drug Class Are Expected to Benefit the Most from Revenue Generation?
Extensive Sales for Dry Powder Formulation Category Due to Growing Demand for Bronchodilators
The drug class segment is segmented into aerosol, dry powder formulation, and spray. The Dry powder formulation segment is expected to dominate the market. Inhalers with dry powder, such as albuterol, are frequently used to relieve bronchospasms quickly in asthmatic patients. Medications such as formoterol and salmeterol are manufactured as dry powders for long-term maintenance therapy in asthma and chronic obstructive pulmonary disease (COPD). Nonetheless, the aerosol segment of the inhalable drugs market is expanding at the quickest rate. Monoclonal antibodies can now be delivered using aerosolized formulations because of developments in aerosol technology. Treatments for systemic disorders and respiratory illnesses are investigated with this.
What Application Will Be Targeted the Most Category?
Highest Percent Share Attributed to Respiratory Diseases Owing to Increasing Cystic Fibrosis
The application segment is bifurcated into respiratory diseases and non-respiratory diseases. The respiratory diseases market segment is the largest for inhalable drugs. Recombinant human DNase (dornase alfa) and other inhalable mucolytics, such as hypertonic saline, aid in managing cystic fibrosis via thinned and cleared mucus. Aerosolized antibiotics, such as tobramycin, are inhaled to treat respiratory infections associated with cystic fibrosis. Nevertheless, the market segment exhibiting the most rapid growth is non-respiratory disease. Inhalable insulin formulations are being created to manage diabetes instead of standard injections. Rapid absorption is possible with inhaled insulin, which may also increase patient adherence.
Why is North America Emerging as a Dominating Region?
Increasing Strong Pharmaceutical R&D Infrastructure to Drive Market Growth
North America is a collaborative hub for academics, research institutes, and pharmaceutical corporations. This cooperative strategy quickens the pace of research and development and makes it easier to share information and resources to discover inhalable drugs. The area is home to esteemed academic institutions and research facilities focusing on respiratory medicine and pharmaceutical sciences. These organizations are essential to cutting-edge research on inhalable medication delivery systems, devices, and formulations. Pharmacological research can access substantial funding sources in North America. Investigating innovative inhalable medication treatments for respiratory and systemic illnesses is made possible by funding from the government, the business sector, and venture capital. The area boasts a diversified patient base, specialized research centers, and a well-established infrastructure for clinical trials with seasoned investigators. This proficiency expedites the development and approval of inhalable medication therapies by facilitating the effective conduct of clinical studies.
What Opportunities Lie in Asia Pacific for Manufacturers?
Increasing Urbanization and Air Pollution to Advance Market Growth
Increased air pollution levels are frequently associated with urbanization, which can lead to a rise in the prevalence of respiratory conditions such as asthma and chronic obstructive pulmonary disease (COPD). The need for inhalable medications is driven by the increasing frequency of these illnesses in metropolitan settings. Due to industrial emissions, traffic pollution, and other anthropogenic activities, urban centers in the Asia Pacific area regularly experience declining air quality. To effectively manage and relieve symptoms of respiratory disorders, poor air quality might exacerbate them, making inhalable medications necessary. Airborne particulate matter (PM) concentrations are correlated with urbanization. Fine particles can cause or exacerbate respiratory problems by deeply penetrating the respiratory system. Medication to address the effects of PM on the lungs can be delivered directly and specifically with inhalable medicines. Living in an urban area frequently increases exposure to environmental allergens, such as pollution and pollen, which can aggravate asthma and respiratory allergies. Inhaled drugs provide a quick and targeted treatment of respiratory symptoms and allergic responses.
Prominent organizations, including Boehringer Ingelheim International GmbH and Cipla Inc., are at the vanguard of this sector. BI focuses on specialty care areas like respiratory disorders, such as cystic fibrosis, asthma, and COPD. They have a robust collection of well-known medications, including PERSOLIN, SPIRIVA, and SPIROMAX, and they are always investing in the creation of novel therapies. Beyond respiratory conditions, Boehringer Ingelheim (BI) investigates inhalable therapies for conditions like diabetes, neurological disorders, and cancer pain. Their market presence is strengthened, and this diversification strategy creates new business opportunities. BI maintains a strong research and development pipeline and is currently working on several potential inhalable prospects. These include brand-new formulations, combination treatments, and prescription drugs for certain patient populations.
Cipla focuses on creating and manufacturing generic, affordable, inhalable drugs for treating respiratory conditions, including COPD and asthma. This approach increases patients' access to necessary therapies in developed and poor nations. Cipla prioritizes growing its presence in developing nations where access to specialized care and affordability present serious obstacles. They modify their production and delivery methods to meet the unique requirements of different markets. Cipla actively pursues partnerships and acquisitions from other pharmaceutical firms and academic institutions to bolster its inhaled medication supply. Their collaborations with Lupin for respiratory medications and Ethris for mRNA-based therapeutics are two recent instances.
New Product Launch
The U.S. Food and Drug Administration approved AstraZeneca's Airsupra (albuterol and budesonide) inhalation aerosol in January 2023. The goal of Airsupra is to lower the chance of asthma flare-ups in those 18 years of age and older. AstraZeneca and Avillion are co-developing the inhalable medication.
Market Impact: Patients with asthma who want better control and a lower risk of exacerbation now have a new therapy choice with Airsupra, which combines an inhaled corticosteroid (budesonide) with a short-acting bronchodilator (albuterol) in a single inhaler. Airsupra's dual effects of reducing inflammation and bronchodilation may help patients control their asthma, use fewer rescue drugs, and live longer. The market for asthma treatments may expand as more people use Airsupra, which would be advantageous for AstraZeneca and its partner Avillion.
The FDA approval for Breyna, a medication-device combination therapy for patients with asthma or chronic obstructive pulmonary disease (COPD), was granted to Viatris Inc. and Kindeva Drug Delivery L.P. in March 2022.
Market Impact: Breyna's launch as the first Symbicort generic to receive FDA approval boosted patient access to this essential drug for COPD and asthma. This is because generics are more reasonably priced for a broader spectrum of patients, as they are usually less expensive than their name-brand equivalents. Insurance companies and healthcare systems spent less overall on healthcare due to the availability of a less expensive Symbicort substitute. These savings might be put back into patient care or other healthcare-related initiatives.
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Details |
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Forecast Period |
2023 to 2030 |
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Historical Data Available for |
2018 to 2022 |
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Market Analysis |
US$ Million for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
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The market is anticipated to grow at a CAGR of 6.8% during the projected period.
The inhalable drugs market was valued at USD 1,367.0 million in 2023.
The United States held the largest market share in 2023.
The prominent players in the market are AstraZeneca, Sanofi, Vectura Group Ltd, Viatris Inc., GSK plc., Mundipharma International., Boehringer Ingelheim International GmbH., Cipla Inc., and others.
The aerosol segment is expected to grow fastest during the forecast period.
