Bronchodilator Drugs - Serbia | Statista Market Forecast

The Bronchodilator Drugs market in Serbia is expected to witness a significant growth in the coming years.
By 2024, the projected revenue is estimated to reach US$12.02m.
This indicates a positive trend in the market, with an annual growth rate (CAGR 2024-2029) of 3.98%.
Consequently, the market volume is expected to rise to US$14.61m by 2029.
When comparing global figures, it is noteworthy that United States is projected to generate the highest revenue in the Bronchodilator Drugs market.
In 2024 alone, the revenue United States is expected to reach a staggering US$17.34bn.
This highlights the dominant position of the United States in this market.
Serbia's bronchodilator drug market is witnessing a surge in demand due to the increasing prevalence of respiratory conditions in the country.

Definition:
Bronchodilator drugs help to dilate the airways, thus making air flow easier. They are mainly used in the treatment of asthma and chronic obstructive pulmonary disease (COPD). Bronchodilators may be applied in an acute therapy, leading to a fast and short-term relief of symptoms. Other types of bronchodilators are used for maintenance therapy in long-term treatment. Different categories of bronchodilators include beta two adrenergic agonists, anticholingergics, and theophylline.

Additional information:
Market values represent the revenues generated by manufacture prices paid to primary vendors, either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), companies (B2B), and governments (B2G).

Company examples: GlaxoSmithKline, AstraZeneca, Boehringer Ingelheim

Short-term and long-term bronchodilators
Treatment of asthma and COPD
Mode of administration: mainly inhalation powder (aerosolized or dry), but also nebulizers, intravenous administration, and oral intake
Bronchodilator combinations, e.g., several bronchodilators or a bronchodilator with a corticosteroid

Other drugs to treat asthma or COPD
Smoking cessation products
Alternative medicine

Bronchodilator drugs are used to treat respiratory conditions such as asthma, chronic obstructive pulmonary disease (COPD), and bronchitis. In Serbia, the market for bronchodilator drugs has been developing steadily in recent years.

Customer preferences: Serbian customers have a strong preference for affordable and effective medications. They are also increasingly interested in natural remedies and alternative therapies. As a result, pharmaceutical companies in Serbia are focusing on developing bronchodilator drugs that are both affordable and effective, while also exploring the potential of natural ingredients.

Trends in the market: The bronchodilator drugs market in Serbia is experiencing several key trends. Firstly, there is a growing demand for combination therapies, which combine different types of bronchodilator drugs in a single inhaler. This trend is driven by the need for more convenient and effective treatments for respiratory conditions.Secondly, there is a trend towards the development of new types of bronchodilator drugs, such as long-acting beta-agonists (LABAs) and long-acting muscarinic antagonists (LAMAs). These drugs offer longer-lasting relief for respiratory conditions and have become increasingly popular in Serbia.Finally, there is a trend towards the use of digital technologies in the bronchodilator drugs market. This includes the development of smart inhalers that can track medication usage and provide feedback to patients and healthcare providers.

Local special circumstances: Serbia has a relatively high prevalence of respiratory conditions, particularly asthma and COPD. This has created a strong demand for bronchodilator drugs in the country. In addition, the Serbian government has implemented several measures to improve access to healthcare, including the introduction of a national health insurance system. This has helped to make bronchodilator drugs more affordable for patients.

Underlying macroeconomic factors: Serbia is a developing country with a growing economy. This has led to an increase in healthcare spending and a greater focus on improving healthcare outcomes. In addition, Serbia is a member of the European Union and is subject to EU regulations and standards. This has helped to improve the quality of bronchodilator drugs available in the country and ensure that they meet international standards.

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The global pharmaceutical industry has experienced significant growth during the past two decades, with revenues totaling around 1.6 trillion U.S. dollars in 2023. With growth like that, the industry's size is now comparable to the gross domestic products (GDPs) of countries like Spain, Mexico, or Australia.