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Global Inhaled Antibiotics Market Size By Product Type (Aerosol/Metered Dose Inhaler, Dry Powder Formulation), By Application (Pneumonia, Asthma), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies), By Geographic Scope And Forecast


Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Inhaled Antibiotics Market Size By Product Type (Aerosol/Metered Dose Inhaler, Dry Powder Formulation), By Application (Pneumonia, Asthma), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies), By Geographic Scope And Forecast

Inhaled Antibiotics Market Size And Forecast

Inhaled Antibiotics Market size was valued at USD 1.12 Billion in 2020 and is projected to reach USD 1.81 Billion by 2028, growing at a CAGR of 6.17% from 2021 to 2028.

Global Inhaled Antibiotics Market has gained momentum in recent times because of the increasing incidence of chronic respiratory disorders such as asthma, chronic obstructive pulmonary diseases (COPD), bronchitis, and COVID-19. Furthermore, an increase in research and development and company initiatives are the factors for the growth of the inhaled antibiotics which shows significant opportunities for Inhaled Antibiotics Market growth over the forecast period. The Global Inhaled Antibiotics Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Inhaled Antibiotics Market Definition

Inhaled antibiotics include nebulized and dry powder versions of tobramycin and colistin, as well as nebulized aztreonam. Inhaled antibiotics are primarily used to treat infections of the respiratory tract. Chronic respiratory disorders that cause bronchiectasis are associated with difficult-to-treat infections, posing a significant therapeutic challenge. Complex infections caused by Pseudomonas aeruginosa, Methicillin-resistant Staphylococcus aureus, Burkholderia species, and non-tuberculous Mycobacteria can afflict patients with chronic respiratory disorders such as cystic fibrosis (CF) and non-CF bronchiectasis.

The benefits of inhaled antibiotics include the ability to deliver large concentrations of medication at the site of infection without the systemic adverse effects seen with parenteral or oral antibiotic treatments. Over the last few decades, there has been a surge in interest in the creation of inhaled antibiotics to aid in the management of infections, particularly those that are difficult to eradicate or have a high recurrence rate. When compared to systemic therapy, antibiotic delivery by inhalation has significant advantages for treating lower airway infections.

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Global Inhaled Antibiotics Market Overview

Chronic respiratory airway infections are treated with inhalation antibiotics. These inhaled antibiotics are thought to be more effective than other routes since they provide a higher concentration of medications to the targeted site, which may contribute to the growth of the Inhaled Antibiotics Market. Rising incidence of respiratory diseases such as asthma, pneumonia, chronic obstructive pulmonary diseases (COPD), and bronchitis is expected to drive the growth of the overall Inhaled Antibiotics Market. Asthma is also a major public health issue that affects millions of people worldwide.

Chronic obstructive pulmonary disease (COPD) is another life-threatening lung illness that causes premature death and high mortality rates. Chronic bronchitis and emphysema are both symptoms of Chronic Obstructive Pulmonary Disease (COPD). Moreover, the increasing research and development activities for the development of novel products are also anticipated to boost the Inhaled Antibiotics Market growth. Inhaled antibiotics have long been used to treat pulmonary infections in cystic fibrosis patients, and the pulmonary route is also being explored for other infectious disorders such as tuberculosis especially, with multidrug-resistant and extensively drug-resistant patients.

Whereas side effects associated with drug inhalation and the difficulty of a single effective inhaler device that can treat many disease conditions may hamper the growth of the Inhaled Antibiotics Market. Additionally, the insufficient supply of raw materials such as APIs for antibiotics manufacturing because of irregularities in the transportation facility will affect the global distribution channel of the Inhaled Antibiotics Market.

Global Inhaled Antibiotics Market Segmentation Analysis

The Global Inhaled Antibiotics Market is Segmented into Product Type, Application, Distribution Channel, And Geography.

Inhaled Antibiotics Market, By Product Type

  • Aerosol/Metered Dose Inhaler
  • Dry Powder Formulation
  • Spray
  • Others

Based on Product Type, the market is bifurcated into Aerosol/Metered Dose Inhaler, Dry Powder Formulation, Spray, and others. The Metered Dose Inhaler segment accounted for the largest share and is anticipated to maintain its lead over the forecast period. This is attributed to its common use in the asthma and chronic obstructive pulmonary disease (COPD) drug delivery devices market.

Inhaled Antibiotics Market, By Application

  • Pneumonia
  • Asthma
  • Bronchitis
  • Others

Based on Application, the market is bifurcated into Pneumonia, Asthma, Bronchitis, and Others. The asthma segment accounts for the largest share because of genetics or environmental factors such as microbial exposure, passive smoking, and air pollution, the illness burden is increasing in both adults and children, boosting the demand for asthma treatment, which is expected to contribute to the segment’s growth.

Inhaled Antibiotics Market, By Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

Based on Distribution Channel, the market is bifurcated into Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies. The largest market segment is held by retail pharmacies owing to an increase in the popularity of online pharmacies for obtaining prescription pharmaceuticals and customers’ consistent use of this distribution channel and due to an increase in the number of treatments administered through them and an increase in the number of retail pharmacies in emerging countries.

Inhaled Antibiotics Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

On the basis of Geography, the Global Inhaled Antibiotics Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America accounts for the largest growing segment due to an increase in the incidence of targeted diseases, an increase in the number of FDA approvals, and several product launches in the United States. Furthermore, the region’s market is being driven by an increase in awareness about disease management, including prevention, diagnosis, and treatment, and an increased emphasis on respiratory illness care to improve the market in the region.

Key Players

The “Global Inhaled Antibiotics Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Gilead Sciences, Aradigm, Lupin Ltd., Polyphor, Insmed Incorporated, Pharmaero, Savara Pharmaceuticals, Joincare Pharmaceutical Group, Pharmaxis Ltd., Raptor Pharmaceutical Corp., Teva Canada Limited, Altan Pharmaceuticals.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2017-2028

BASE YEAR

2020

FORECAST PERIOD

2021-2028

HISTORICAL PERIOD

2017-2019

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Gilead Sciences, Aradigm, Lupin Ltd., Polyphor, Insmed Incorporated, Pharmaero, Savara Pharmaceuticals.

SEGMENTS COVERED

By Product Type, By Application, By Distribution Channel, And By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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