PUBLISHER: The Business Research Company | PRODUCT CODE: 1720732
PUBLISHER: The Business Research Company | PRODUCT CODE: 1720732
Budesonide is a corticosteroid medication used to reduce inflammation in conditions such as asthma, chronic obstructive pulmonary disease (COPD), inflammatory bowel diseases (including Crohn's disease and ulcerative colitis), and allergic rhinitis. It functions by suppressing the immune response and reducing inflammation in the airways or digestive tract.
The primary forms of budesonide include inhalation powder, aerosols, injectable suspensions, tablets, and capsules. Inhalation budesonide powder is a corticosteroid delivered via a dry powder inhaler to reduce airway inflammation in respiratory conditions. Budesonide is distributed through hospital pharmacies, retail pharmacies, and online pharmacies and is used for various applications, including the treatment of nasal diseases, inflammatory bowel diseases, respiratory diseases, and other conditions.
The budesonide market research report is one of a series of new reports from The Business Research Company that provides budesonide market statistics, including the budesonide industry global market size, regional shares, competitors with the budesonide market share, detailed budesonide market segments, market trends, and opportunities, and any further data you may need to thrive in the budesonide industry. This budesonide market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The budesonide market size has grown strongly in recent years. It will grow from $9.72 billion in 2024 to $10.36 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth during the historic period can be attributed to the increasing prevalence of respiratory diseases, greater awareness of inhaled corticosteroids, the introduction of budesonide-based combination therapies, the expansion of healthcare access and infrastructure, and the adoption of budesonide for off-label use in inflammatory bowel diseases.
The budesonide market size is expected to see strong growth in the next few years. It will grow to $13.25 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth during the forecast period can be attributed to the increasing demand for effective treatments, advancements in novel drug delivery systems, rising use of budesonide, a growing geriatric population prone to asthma, and the expansion of generic budesonide products. Key trends expected in this period include the adoption of biologics and biosimilars, innovations in drug delivery systems, regulatory approvals for new formulations, and ongoing technological advancements.
The rising prevalence of respiratory diseases is expected to drive the growth of the budesonide market. Respiratory diseases, which impact the organs and tissues responsible for gas exchange, are increasing due to factors such as rising air pollution, exposure to particulate matter, and allergens. These environmental factors contribute significantly to conditions such as asthma and chronic obstructive pulmonary disease (COPD). Budesonide, a corticosteroid, is commonly used to manage these respiratory diseases by reducing inflammation, improving airflow, and preventing symptoms such as wheezing and shortness of breath. For instance, according to the National Center for Health Statistics (NCHS), the prevalence of asthma among adults in the U.S. increased from 8.4% in 2021 to 8.7% in 2022, with asthma episodes rising from 3.3% to 3.7% during the same period. Consequently, the growing incidence of respiratory diseases is expected to fuel the expansion of the budesonide market.
Companies in the budesonide market are focusing on innovative oral and inhaled therapies to enhance treatment effectiveness and patient adherence. Oral formulations of budesonide provide a convenient treatment option, especially for inflammatory conditions. For example, in February 2024, Takeda Pharmaceuticals received FDA approval for EOHILIA, the first and only FDA-approved oral budesonide suspension for patients aged 11 and above with eosinophilic esophagitis (EoE). This approval was based on positive efficacy and safety data from clinical trials, demonstrating the potential of oral budesonide in expanding treatment options for respiratory and inflammatory diseases.
In March 2023, Cheplapharm Arzneimittel GmbH acquired the U.S. commercial rights for PULMICORT FLEXHALER from AstraZeneca. This acquisition allows Cheplapharm to diversify its product offerings and expand its presence in the U.S. pharmaceutical market while ensuring continued availability of PULMICORT FLEXHALER, a widely used budesonide-based asthma treatment. AstraZeneca, a UK-based biopharmaceutical company, has long been a key player in developing and marketing PULMICORT for respiratory conditions such as asthma and COPD.
Major players in the budesonide market are AstraZeneca AB, Novartis AG, Takeda Pharmaceuticals Company Limited, Viatris Inc., Teva Pharmaceutical Industries Ltd., Sandoz AG, Aurobindo Pharma Limited, Chiesi Farmaceutici S.p.A., Cipla Limited, Lupin Limited, Orion Corporation, Salix Pharmaceuticals Inc., Synmosa Biopharma Corporation, Cosmo Pharmaceuticals N.V., Skyepharma Holdings Inc., Manus Aktteva Biopharma LLP, Cennet Biopharma Private Limited, Santarus Inc., SiNi Pharma Private Limited, and Shanghai Sine Promod Pharmaceutical Co. Ltd.
North America was the largest region in the budesonide market in 2024. The regions covered in budesonide report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the budesonide market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The budesonide market consists of sales of nebulizer suspension, inhalers, and nasal sprays. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Budesonide Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on budesonide market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for budesonide ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The budesonide market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.