Global Respiratory Tract Infection Treatment Market was Valued at US$ 35.64 Billion in 2017 and is Expected to Grow at a CAGR of 6.5% between 2018 and 2026
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| Respiratory Tract Infection Treatment |
Insights into the Respiratory Tract Infection Treatment Market
Respiratory diseases such as bronchitis, asthma, allergic rhinitis, pneumonia, and sinusitis can significantly limit an individual's physical activities. Coughing, wheezing, chest pain, respiratory distress, shortness of breath, congestion, and even death are symptoms associated with both mild and severe indications of these Respiratory Tract Infection Treatment Market conditions. These conditions cause significant morbidity and impose a significant financial burden on society. As a result, the development of new drugs with fewer side effects for the treatment of respiratory tract infection is a major concern for manufacturers, as there are many generic players in the market, accounting for the vast majority of the market share.
The rising prevalence of respiratory diseases is expected to propel the Respiratory Tract Infection Treatment Market forward. The rising prevalence of chronic respiratory diseases such as asthma, chronic pulmonary lung disease, pulmonary hypertension, and occupational lung disease is driving the respiratory tract infection market. Asthma and chronic obstructive pulmonary disease (COPD), for example, are common chronic obstructive lung disorders characterized by variable airflow limitation and airway hyperresponsiveness, affecting over 25 million people in the United States, according to the Biomed Central Respiratory Research 2016.
Several organizations, institutions, and agencies are collaborating to improve the diagnosis and medical care required to reduce the global burden of respiratory diseases. For example, the World Health Organization (WHO) supported the formation of the Global Alliance against Chronic Respiratory Diseases (GARD) to combat chronic respiratory diseases. GARD's main goal is to develop simple and affordable strategies for chronic respiratory diseases (CRD), as well as to encourage economies to implement health promotion and CRD prevention policies.
The presence of various drugs in the pipeline, which are expected to be launched during the forecast period, will also aid in the growth of the Respiratory Tract Infection Treatment Market. Relenza (GSK), MK7264 (Merck & Co.), Presatovir (Gilead), AZD7594, and PT010 are among the drugs in development (AstraZeneca). However, the presence of various generic manufacturers, as well as the low cost of various drugs, including antibiotics, in the market, may impede the market for respiratory tract infection treatment to some extent during the forecast period.
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