North America Inhalation and Nasal Spray Generic Drugs Market Size, Share & Industry Trends Analysis Report By End-user, By Indication (Asthma, Chronic Obstructive Pulmonary Disease (COPD), Allergic Rhinitis), By Distribution Channel, By Demographics, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Inhalation and Nasal Spray Generic Drugs Market would witness market growth of 8.0% CAGR during the forecast period (2022-2028).
Inhalation therapy involves dispersing medications into the patient's airways by an aerosol spray, mist, or powder. Although the respiratory system is the main target of inhaled drugs, there may also be systemic effects. Most inhaler users have asthma or another chronic respiratory condition, therefore they must learn how to administer their own medication. There are many different types of inhalers available, so it is crucial to carefully check and abide by the manufacturer's instructions to ensure the proper dose.
Nebulization is the process of adding drugs to inhaled air to create a mist that is subsequently absorbed by the patient through the respiratory system. The drug is delivered by a face mask or any mouthpiece held in between the patient's teeth, and the air droplets are smaller than those produced by metered dose inhalers. The main delivery mechanism for drugs used to cure asthma and chronic obstructive lung disease is inhalers. When the patient uses an inhaler properly, the medicine is delivered to their lungs, where it can start controlling any symptoms.
The prevalence of asthma is very high in regional countries. According to the CDC, there were 25,191 thousand Americans who were asthmatic as of 2017. There were 11,462 thousand asthmatics who reported having at least one asthma attack. Moreover, the mortality rate was also very high as 3,564 people in the nation passed away from asthma-related causes. Since there were 3,615 deaths attributed to asthma in 2015, the death rate increased. 219 of those fatalities were in people under the age of 18.
The US market acquired maximum revenue share in the North America Inhalation And Nasal Spray Generic Drugs Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7,615.2 million by 2028. The Canada market is poised to grow at a CAGR of 10.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 9.4% during (2022 - 2028).
Based on End-user, the market is segmented into Homecare, Hospitals, and Others. Based on Drugs Class, the market is segmented into Bronchodilators, Combination Drugs, Antihistamines, Corticosteroids, Decongestant Sprays, and Others. Based on Indication, the market is segmented into Asthma, Chronic Obstructive Pulmonary Disease (COPD), Allergic Rhinitis, and Others. Based on Distribution Channel, the market is segmented into Retail Pharmacy, Hospitals Pharmacy, and Online Pharmacies. Based on Demographics, the market is segmented into Adult Patient, Geriatric Patient, and Pediatric Patient. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Viatris, Inc., Akorn, Operating Company LLC, Cipla Limited, Teva Pharmaceuticals Industries Ltd., Novartis AG (Sandoz International GmBH), Apotex, Inc., Hikma Pharmaceuticals PLC, Sun Pharmaceuticals Industries Ltd., Beximco Pharmaceuticals Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Drugs Class
- Combination Drugs
- Decongestant Sprays
- Chronic Obstructive Pulmonary Disease (COPD)
- Allergic Rhinitis
By Distribution Channel
- Retail Pharmacy
- Hospitals Pharmacy
- Online Pharmacies
- Adult Patient
- Geriatric Patient
- Pediatric Patient
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Viatris, Inc.
- Akorn, Operating Company LLC
- Cipla Limited
- Teva Pharmaceuticals Industries Ltd.
- Novartis AG (Sandoz International GmBH)
- Apotex, Inc.
- Hikma Pharmaceuticals PLC
- Sun Pharmaceuticals Industries Ltd.
- Beximco Pharmaceuticals Ltd.
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