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Inhalation and Nasal Spray Generic Drugs Market Expected to Reach US$35.5 bn Globally by 2023 Health Articles | May 26, 2016

Transparency Market Research Report Added "Inhalation and Nasal Spray Generic Drugs Market - Global Industry Analysis, Size Khalil Mack Jersey , Share, Growth, Trends and Forecast 2015 - 2023"



The rising incidence of respiratory diseases such as COPD and asthma, the increasing population of geriatrics, and the advent of an increasing number of generics manufacturers in the market will boost the global inhalation and nasal spray generics market. The looming patent expiry of blockbuster drugs catering to this niche pharmaceutical segment will also help the market for their generic alternatives between 2015 and 2023.聽


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According to a recent report released by Transparency Market Research, the global market for inhalation and nasal spray generic drugs Walter Payton Jersey , which in 2014 stood at US$21.8 bn, is anticipated to reach US$35.3 bn by the end of 2023. If the figures hold true, the market will exhibit a positive CAGR of 5.5% between 2015 and 2023.聽


Combinations Segment Dominated the Market Based on Drug Class


In terms of drug class, the inhalation and nasal spray generic drugs market is segmented into bronchodilators, corticosteroids, decongestant sprays Cheap Chicago Bears Hats , antihistamines, and combinations. Of these, the combinations segment dominated the market for inhalation and nasal spray generic drugs, accounting for a share of 38.8% in 2014. This drug class ensures increased efficiency and better compliance to pharmaceutical regulations, due to which it witnesses a high demand globally. The segment is also likely to exhibit the fastest CAGR between 2015 and 2023.聽


Asthma Emerged As Largest Application Segment


Based on application, the market for generic drugs in inhalation and nasal spray can be classified into allergic rhinitis Cheap Chicago Bears T-Shirts , COPD, asthma, and others (such as influenza, cystic fibrosis). Of these, the asthma segment held 55.3% of the market in 2014. The segment will continue to dominate the market in the near future due to the rising incidence of asthma, fuelled by excessive use of tobacco and rising pollution level worldwide. Furthermore Cheap Chicago Bears Hoodie , severe lung damage due to respiratory infections may also lead to asthma, which in turn fuels demand from the global inhalation and nasal spray generic drugs market.聽


North America Leads Global Market, Asia Pacific to Exhibit Fastest CAGR


Regionally, North America accounted for a dominant share of 38.5% in the market in 2014. The growing prevalence of COPD, asthma, and other respiratory disorders in North America has led to the expansion of the market. Cheap Jerseys Wholeasale Cheap NFL Jerseys Free Shipping Cheap Jerseys China Free Shipping Cheap NHL Jerseys China Cheap NFL Jerseys From China Cheap Wholesale MLB Jerseys Cheap College Jerseys Cheap Replica Soccer Jerseys Cheap NFL Football Jerseys Cheap NBA Basketball Jerseys