Bronchodilator Drugs - BRICS

  • BRICS
  • The Bronchodilator Drugs market in BRICS is anticipated to witness a substantial increase in revenue, with projections indicating a staggering amount of US$4.48bn by the year 2024.
  • Furthermore, this market is expected to display a consistent annual growth rate (CAGR 2024-2029) of 4.19%, culminating in a market volume of US$5.50bn by 2029.
  • When compared to other countries worldwide, United States is predicted to generate the highest revenue, amounting to US$17,340.00m in the year 2024.
  • Brazil, a member of BRICS, is witnessing a growing demand for bronchodilator drugs due to the high prevalence of respiratory diseases in the country.

Key regions: United States, Europe, Brazil, Japan, United Kingdom

 
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Analyst Opinion

Bronchodilator drugs are an essential medication for people suffering from respiratory disorders such as asthma and chronic obstructive pulmonary disease (COPD). In the BRICS countries, the market for bronchodilator drugs has been growing steadily over the years.

Customer preferences:
The demand for bronchodilator drugs in BRICS is driven by the increasing prevalence of respiratory diseases. The rising pollution levels, urbanization, and changing lifestyles are some of the factors contributing to the growing incidence of respiratory disorders. As a result, there is a high demand for bronchodilator drugs in the BRICS countries.

Trends in the market:
Brazil is one of the largest markets for bronchodilator drugs in the BRICS region due to its large population and high incidence of respiratory diseases. In recent years, there has been a shift towards the use of combination therapy, where two or more drugs are used together to manage respiratory diseases. This trend is driven by the need for more effective treatment options that can provide better symptom control and improve the quality of life for patients. Russia has a large market for bronchodilator drugs, driven by the high prevalence of smoking and air pollution. The market is dominated by short-acting beta-agonists, which are commonly used as rescue medication for asthma attacks. However, there is a growing trend towards the use of long-acting beta-agonists and combination therapy to manage respiratory diseases more effectively. India is a large market for bronchodilator drugs, driven by the high prevalence of asthma and COPD. The market is dominated by short-acting beta-agonists, which are the most commonly prescribed drugs for managing respiratory diseases. However, there is a growing trend towards the use of combination therapy, which is seen as a more effective treatment option for patients. China is the largest market for bronchodilator drugs in the BRICS region, driven by the high prevalence of respiratory diseases and air pollution. The market is dominated by short-acting beta-agonists, but there is a growing trend towards the use of long-acting beta-agonists and combination therapy. The Chinese government's efforts to improve healthcare access and affordability have also contributed to the growth of the market.

Local special circumstances:
In Brazil, the government's universal healthcare system provides free access to bronchodilator drugs, which has contributed to the growth of the market. In Russia, the government's efforts to reduce smoking and air pollution have led to increased awareness about respiratory diseases and the need for effective treatment options. In India, the market is highly fragmented, with a large number of local players competing with multinational companies. In China, the government's focus on improving healthcare access and affordability has led to increased demand for bronchodilator drugs.

Underlying macroeconomic factors:
The growing middle class, increasing healthcare spending, and rising disposable incomes are some of the macroeconomic factors driving the growth of the bronchodilator drugs market in the BRICS countries. The high prevalence of respiratory diseases and air pollution is also contributing to the growth of the market. However, the market is also facing challenges such as increasing competition, pricing pressures, and regulatory hurdles. Overall, the bronchodilator drugs market in the BRICS countries is expected to continue growing in the coming years, driven by the increasing demand for effective treatment options for respiratory diseases.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on drug revenues allocated to the country where the money is spent. Monetary values are given at manufacturer price level excluding VAT.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market. As a basis for evaluating markets, we use financial information of the key players by market. Next, we use relevant key market indicators and data from country-specific associations, such as industry associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. The main driver is healthcare expenditure. Expiring patents and new drugs in the pipeline are also considered.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. This market comprises prescription drugs and all OTC drugs covered in the Statista OTC Pharmaceuticals market. However, in the OTC Pharmaceuticals market, revenues are based on end-consumer prices.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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