Research Nester published a report titled “Aspirin Exacerbated Respiratory Disease Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global aspirin exacerbated respiratory disease market in terms of market segmentation by product type, route of administration, distribution channel, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global aspirin exacerbated respiratory disease market is estimated to garner notable CAGR over the forecast period, i.e., 2022 – 2031. The market is segmented by distribution channel into hospital pharmacies, retail stores, and online pharmacies. Out of which, the retail pharmacies sub-segment is expected to hold the maximum share in the global aspirin exacerbated respiratory disease market on account of the easy availability of the products. Since retail pharmacies are easily available to the vast majority of people, the reason the market growth is estimated to shoot up during the forecast period.
The global aspirin exacerbated respiratory disease market is projected to grow during the forecast period on the back of rising cases of asthma globally. According to the report given by the American Academy of Allergy, Asthma & Immunology, approximately 9% of all adults with asthma have aspirin exacerbated respiratory disease. Furthermore, the data released by the World Bank shows that in 2019, 9.84% of the total world GDP was spent for health care sector. The rising expenditure in the healthcare sector is expected to boost the global aspirin exacerbated respiratory disease market during the forecast period.
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Regionally, the global aspirin exacerbated respiratory disease market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in North America region is estimated to witness modest growth over the forecast period on the back of the presence of plenty of pharmaceutical companies. It is estimated that in the USA alone there are 2100 pharmaceutical manufacturing businesses. Moreover, the Asia Pacific region is also estimated to offer lucrative opportunities for the growth of the global aspirin exacerbated respiratory disease market during the forecast period as the region is highly populous and large economies such as, India and China are allotting humongous budgets to the health care sector.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Rising Cases of Asthma to Boost the Market Growth
As per the data published by the World Health Organization, the number of asthma patients was 262 million in 2019.
The number of asthma patients is rising worldwide and they are likely to suffer from the aspirin exacerbated respiratory disease. On account of excessively increasing cases of asthma, the global aspirin exacerbated respiratory disease market is estimated to grow during the forecast period.
However, lack of awareness is expected to operate as a key restraint to the growth of the global aspirin exacerbated respiratory disease market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global aspirin exacerbated respiratory disease market which includes company profiling of Pfizer Inc., Teva Pharmaceuticals Industries Ltd., Cadila Healthcare Ltd. (CHL), Eli Lilly and Company, Hindustan Antibiotics Limited, Novartis AG, Sanofi-aventis Groupe, Abbott Laboratories, and Merck & Co., Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global aspirin exacerbated respiratory disease market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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