The bronchial spasm market is estimated to garner substantial revenue at a CAGR of ~5% over the forecast period, i.e., 2023 – 2033.

NEW YORK, NEW YORK, UNITED STATES, November 17, 2022 /EINPresswire.com/ -- Research Nester published a report titled “Bronchial Spasm Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers a detailed overview of the global bronchial spasm market in terms of market segmentation by treatment type, diagnosis, cause, end-user, and region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.

The global bronchial spasm market is projected to grow at a CAGR of ~5% by attaining substantial revenue during the forecast period, i.e., 2023 – 2033.
Rising demand for inhalers is anticipated to propel the growth of the market during the forecast period. Over 5000 people get the prescription for reliever inhalers every year worldwide. Additionally, the increasing number of people with COPD is further estimated to propel the market growth over the forecast period. For instance, in 2019, about 3 million individuals lost their lives on account of chronic obstructive pulmonary disease (COPD).

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Additionally, by treatment type, the global bronchial spasm market is segmented into short-acting bronchodilators (albuterol and levalbuterol), long-acting bronchodilators (aclidinium, salmeterol, formoterol, indacaterol, and others). Out of these sub-segments, the short-acting bronchodilators segment is estimated to obtain the largest share in the market during the forecast period. The growth of the segment can be accounted to its robust demand to treat asthma attacks and COPD. As of 2020, about 4000 people died in the USA due to asthma.

Furthermore, the global bronchial spasm market, by region, is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these regions, the market in the North America region is estimated to grow at a rapid pace over the forecast period on the back of the presence of highly developed healthcare infrastructure and the growing cases of diseases like COPD and asthma.

The research is global in nature and covers a detailed analysis of 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 the 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. have also been covered and displayed in the research report.

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Increasing Prevalence of Fungal Infection to Foster the Growth of the Market

Over a hundred cases of fungal infection are diagnosed across the globe every year while 1.5 people die due to these infections every year.
Asthma can be caused by the fungi that are responsible to colonize the tracheobronchial tree by releasing antigens. These antigens have the capacity to worsen or trigger asthma within a short period. Furthermore, a fungus known as Aspergillus can also cause lung infections. Therefore, such factors are anticipated to propel the growth of the market during the forecast period.

However, a shortage of medication and skilled medical professionals is expected to operate as a key restraint to the growth of the global bronchial spasm market over the forecast period.

This report also provides the existing competitive scenario of some of the key players in the global bronchial spasm market which includes company profiling of GSK plc, Sunovion Pharmaceuticals Inc., Merck & Co., Inc., Viatris Inc., Pfizer Inc., The Bristol-Myers Squibb Company, Sanofi S.A, Teva Pharmaceutical Industries Ltd., AstraZeneca plc, and Novartis AG. 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 a detailed overview of the global bronchial spasm market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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