Inhaled Antibiotics Therapy Market: Introduction
- Inhaled drugs are an important part of treatment for chronic lung disease, as the medicine rapidly reaches the airways. Metered-dose inhalers (MDIs), dry powder inhalers, nebulizers, and soft mist inhalers are currently available with different medicines for the treatment of respiratory diseases. Increase in R&D expenditure for the development of new therapies and promising drugs in pipeline and development of approaches for early diagnosis and treatment reducing undiagnosed cases boost the market.
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Key Drivers and Restraints of Global Inhaled Antibiotics Therapy Market
- Prevalence of respiratory diseases has increased globally, especially in the last decade. Asthma is a major health concern affecting a large number of people across the globe. Chronic obstructive pulmonary disease (COPD) is also a life-threatening lung disease that is responsible for early mortality and high death rates. Chronic Obstructive Pulmonary Disease (COPD) includes chronic bronchitis and emphysema. According to the World Health Organization, currently 235 million people worldwide are suffering from asthma and 338,000 deaths due to asthma were reported in 2015. As per American Lung Association (ALA), there may be as many as 24 million adults in the U.S. living with COPD, making it the third-leading cause of death in the U.S., following heart disease and cancer. Over 800,000 hospitalizations each year, in the U.S., are related to COPD. According to the Forum of International Respiratory Societies (FIRS), COPD affects more than 200 million people and is likely to be the third-leading cause of death in the world by 2030. As per CDC, number of visits to emergency departments with pneumonia as the primary diagnosis was 1.3 million in U.S. in 2017. The disease burden is increasing among adults and thereby, increasing the need for inhaled antibiotics therapy.
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- Product launch is also boosting the market. In October 2017, Polyphor, launched an inhaled form of the investigational antibiotic murepavadin (POL7080), which acts specifically against the bacterial strain Pseudomonas aeruginosa, which is a strain found in patients with several lung diseases, including cystic fibrosis- and non-cystic fibrosis-associated bronchiectasis. In June 2018, Lupin launched antibiotic Tobramycin inhalation solution in the U.S. market for the management of cystic fibrosis.
- However, side-effects associated with drug inhalation and unattainability of single effective inhaler may hamper the market. The most common side-effects reported with administration of aerosolized antibiotics include cough, wheezing, hemoptysis, and dyspnea with considerable variation by antibiotic. The preparation of inhaled tobramycin that was initially studied included a preservative that was irritating to the airway.
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Metered dose inhaler is estimated to dominate the global inhaled antibiotics therapy market
- Based on product type, the global inhaled antibiotics therapy market can be divided into metered dose inhaler, dry powder formulation, and spray
- The metered dose inhaler segment accounted for a prominent share of the market, in terms of revenue, in 2019 as it is a traditional product. According to an article published by Proveris Scientific Corpora in ONdrugDelivery Magazine in 2018, pressurized metered dose inhalers (pMDIs) are currently a prominent segment, in terms of revenue, in the asthma and chronic obstructive pulmonary disease (COPD) drug delivery devices market. The segment is expected to maintain this position in 2024.
- As per an article published in the National Center for Biotechnology Information in 2019, most common device types sold in Europe in 2011 were pressurized metered-dose inhalers (pMDIs; 47.5%), followed by dry powder inhalers (DPIs; 39.5%).
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Bronchitis Segment to expand significantly
- Based on application, the global inhaled antibiotics therapy market can be divided into pneumonia, asthma, bronchitis, and others
- The asthma segment accounted for a prominent share of the market in 2019. The disease burden is increasing among adults as well as the pediatric population due to genetics or some environmental factors including microbial exposure, exposure to passive smoking, and air pollution, thereby fueling the demand for asthma treatment. As per Asthma and Allergy Foundation of America, currently, about 6.2 million children aged 18 and younger, were suffering with asthma in the U.S. In 2017, 1 in every 12 children had asthma.
- However, the bronchitis segment is projected to expand at a notable CAGR during the forecast period. The rate of COPD is rising across the globe, and the WHO projects that the disease is estimated to be the third-largest cause of death by 2030. Rise in geriatric population, increase in the number of smokers in countries, such as China and India, and high pollution levels are anticipated to boost the market during the second half of the forecast period, which shall persist even after 2026 right up to 2030.
Retail Pharmacies is estimated to dominate the Global Inhaled Antibiotics Therapy Market
- Based on distribution channel, the global inhaled antibiotics therapy market can be divided into: hospital pharmacies, retail pharmacies, and online pharmacies
- The retail pharmacies segment accounted for a notable share of the market, in terms of revenue, in 2019. The segment is expected to maintain its position during the forecast period. However, the online pharmacies segment is projected to expand at a notable CAGR during the forecast period due to an increase in popularity of online pharmacies to obtain prescribed drugs and steady adoption of this distribution channel by customers.
- Increase in the number of therapeutics being dispensed through retail pharmacies and a rise in the number of retail pharmacies in developing countries make retail pharmacies a major channel of distribution
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North America is estimated to dominate the Global Inhaled Antibiotics Therapy Market
- In terms of region, the global inhaled antibiotics therapy market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- In terms of revenue, North America dominated the global inhaled antibiotics therapy market, followed by Europe. Increase in incidence of targeted disease, rise in number of FDA approvals, and numerous product launches in the U.S. contribute to the leading share held by the region. Furthermore, an increase in concern about disease management, including prevention, diagnosis, and treatment, drive the market in the region. According to the Centers for Disease Control and Prevention, in 2018, 9 million adults in the U.S. were diagnosed with chronic bronchitis. However, patent expiry of a few drug formulations and a rise in the pricing pressure are projected to restrain the asthma treatment market in North America during the forecast period.
- High prevalence of asthma, pneumonia, increase in the addiction to smoking, and rise in environmental pollution in China and India are anticipated to drive the market during the forecast period. According to an article published in the Lung India journal, an estimated 15-20 million asthma patients, at least one in every 10 asthma patients, globally, is from India. Furthermore, an increase in focus on respiratory disease management and rise in awareness about managing asthma further boosts the market in the region.
Key Manufacturers Operating in Market
The global inhaled antibiotics therapy market was highly fragmented in 2019.
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