The Business Research Company’s Respiratory Diseases Drugs Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
The respiratory diseases drugs market consists of sales of respiratory diseases drugs and related services by entities (organizations, sole traders and partnerships) that produce drugs to treat respiratory diseases such as asthma, acute bronchitis, emphysema, cystic fibrosis and other diseases. This industry includes establishments that produce anti-asthmatics and COPD drugs to prevent acute attacks caused by respiratory diseases and cough and cold preparations to treat cough and cold.
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The demand for PSE-containing cold, allergy, and sinus products is growing due to their effectiveness and convenience. PSE is an active ingredient found in various cold, allergy, and sinus drugs that can provide congestion relief. However, PSE-containing medicines are mostly sold as a prescription drug, as PSE can also be used for the illegal manufacture of methamphetamine, a recreational drug. This has led drug manufacturers to produce tamper-resistant PSE products. For instance, in March 2017, pharmaceutical companies Acura Pharmaceuticals Inc.
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The global respiratory diseases drugs market is further segmented based on type and geography.
By Type – The respiratory diseases drugs market is segmented into anti-asthmatics and cop drugs, cough and cold preparations among these segments, the anti-asthmatics market accounts for the largest share in the global Respiratory diseases drugs market.
By Geography – The global respiratory diseases drugs is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global respiratory disease’s drugs market.
The development of the pharmaceutical industry is happening at a rapid pace, however pharmaceutical manufacturing companies are confronted with enormous challenges due to high market growth, new medicines and therapy forms, changing regulations and progressing digitization . During 2013-2017, Western Europe experienced the slowest growth of the pharmaceutical industry revenues controlled by an increased government focus on the cost-effective prescription of medicines and tough government regulation towards pharmaceutical drugs manufacture and distribution in the region.
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