PUBLISHER: The Business Research Company | PRODUCT CODE: 1751088
PUBLISHER: The Business Research Company | PRODUCT CODE: 1751088
Pulmonary drugs are medications designed to target the respiratory system to enhance lung function, reduce inflammation, and manage airway disorders. They are commonly used to treat conditions such as asthma, chronic obstructive pulmonary disease (COPD), pulmonary fibrosis, and other respiratory illnesses.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The main classes of pulmonary drugs include inhaled corticosteroids, long-acting beta-2 agonists, antihistamines, vasodilators, short-acting beta-2 agonists, and others. Inhaled corticosteroids are anti-inflammatory medications delivered directly to the lungs via inhalers, helping to manage chronic respiratory conditions such as asthma and COPD by reducing airway inflammation and preventing flare-ups. These drugs are used for indications such as asthma, COPD, allergic rhinitis, pulmonary arterial hypertension, cystic fibrosis, and more. They are distributed through various channels, including retail pharmacies, online pharmacies, and hospital pharmacies.
The pulmonary drugs market research report is one of a series of new reports from The Business Research Company that provides pulmonary drugs market statistics, including the pulmonary drugs industry global market size, regional shares, competitors with the pulmonary drugs market share, detailed pulmonary drugs market segments, market trends, and opportunities, and any further data you may need to thrive in the pulmonary drugs industry. This pulmonary drugs 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 pulmonary drugs market size has grown strongly in recent years. It will grow from$54.28 billion in 2024 to $57.53 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. The growth during the historic period can be attributed to the rise in the prevalence of respiratory diseases, an increase in smoking rates, the growing geriatric population, expanded healthcare access, and the surge in pollution levels.
The pulmonary drugs market size is expected to see strong growth in the next few years. It will grow to$71.91 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. The growth during the forecast period can be attributed to the expansion of healthcare infrastructure, the rising prevalence of cardiovascular diseases, the growth of homecare treatments, increased awareness about pulmonary diseases, and the rising prevalence of asthma. Key trends expected during this period include technological advancements, AI-driven drug discovery, the adoption of smart inhalers, nanotechnology-based formulations, and developments in gene therapy.
The growing prevalence of respiratory diseases is expected to drive the expansion of the pulmonary drugs market. Respiratory disorders are medical conditions that affect the lungs and airways, hindering normal breathing and oxygen exchange. The incidence of respiratory disorders is rising due to factors such as smoking, which contributes to lung damage and chronic diseases. Pulmonary drugs are vital in managing these conditions by improving lung function, reducing inflammation, and alleviating airway obstruction, thus enhancing breathing. For example, in November 2023, the Bureau of Labor Statistics, a U.S.-based government agency, reported that the illness rate among private industry employers in 2022 rose to 45.2 cases per 10,000 full-time equivalent (FTE) workers, up from 37.7 cases in 2021. This increase was primarily due to a higher incidence of respiratory illnesses, which grew from 27.8 cases per 10,000 FTE workers in 2021 to 35.8 cases in 2022. As a result, the rising prevalence of respiratory diseases is fueling the growth of the pulmonary drugs market.
Leading companies in the pulmonary drugs market are focusing on developing innovative treatments, such as single-inhaler triple therapy (SITT), to improve treatment effectiveness, enhance patient adherence, and simplify medication regimens for better disease management. Single-inhaler triple therapy combines three different medications into one inhaler to more effectively manage chronic respiratory diseases such as chronic obstructive pulmonary disease (COPD). For example, in April 2022, GlaxoSmithKline Pharmaceuticals Limited, an India-based pharmaceutical company, introduced Trelegy Ellipta, India's first single-inhaler triple therapy for COPD patients. This therapy combines fluticasone furoate, umeclidinium, and vilanterol to improve lung function and reduce symptom flare-ups. The innovative Ellipta inhaler ensures accurate dosing and enhances patient adherence compared to multiple-inhaler therapies. With over 100 million COPD patients in India, this launch aims to simplify treatment and improve patient outcomes.
In September 2024, Roivant Sciences Ltd., a U.S.-based biotechnology company, acquired a pulmonary hypertension drug from Bayer AG for an undisclosed sum. This acquisition enables Roivant to expand its respiratory portfolio and advance innovative treatments for pulmonary hypertension, thus improving patient outcomes and addressing unmet medical needs. Bayer AG, a Germany-based company, manufactures pulmonary drugs, including treatments for respiratory conditions such as pulmonary hypertension.
Major players in the pulmonary drugs market are Pfizer Inc., F. Hoffmann-La Roche Ltd., Merck Sharp & Dohme Limited, AbbVie Inc., Bayer AG, Sanofi S.A., AstraZeneca plc, Novartis AG, GlaxoSmithKline plc, Mylan N.V., Teva Pharmaceutical Industries Ltd., Boehringer Ingelheim International GmbH, Grifols S.A., Chiesi Farmaceutici S.p.A., Cipla Limited, Lupin Pharmaceuticals Inc., United Therapeutics Corporation, Mallinckrodt Pharmaceuticals plc, Glenmark Pharmaceuticals Limited, and Circassia Pharmaceuticals plc.
North America was the largest region in the pulmonary drugs market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in pulmonary drugs report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the pulmonary drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The pulmonary drugs market consists of the sales of inhalers, nebulizers, bronchodilators, anti-inflammatory agents, and combination therapies. 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 that 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.
Pulmonary Drugs 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 pulmonary drugs 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 pulmonary drugs ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The pulmonary drugs 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.