European respiratory drug market was $11.1 billion in 2018 and is anticipated to grow at a substantial rate of 7.0% during the forecast period. The rising prevalence of chronic respiratory diseases, increasing geriatric population, and technological advancement are the major factors augmenting the growth of the respiratory drug market in Europe. Major countries that will contribute to the respiratory drug market within the region includes UK, Germany, France, Italy and Spain. A significant number of companies, research, patient base has been observed in the market due to which a significant growth can be observed in the market. According to the International Monetary Fund (IMF), Europe is home to around 740 million people and the GDP of the European Union was $19.7 trillion in 2017. As per Organization for Economic Co-operation and Development (OECD), the self-reported asthma rate and COPD rate by European Union countries were 6.1% and 4.0% respectively and it has been found out that the rate of prevalence of diseases are higher in women as compared to men. This is expected to drive the regional business growth of the respiratory drug market.
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The European respiratory drug market is segmented on the basis of route of administration, application, and end-user. Based on the route of administration, the market is classified into oral, injectable, and inhalable. Moreover, on the basis of application, the market has been classified into asthma and COPD diseases. The asthma disease application segment dominated the regional market in 2018 and is further estimated to follow the same trend over the forecast period. This is mainly due to the high prevalence of asthma in the economies of the region such as UK, Germany, France, and others. In addition, based on the end-user, homecare and hospitals and clinics have been analyzed.
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European Respiratory Drug Market Segmentation
By Route of Administration
• Chronic Obstructive Pulmonary Disease (COPD)
• Hospitals and Clinics
• Rest of Europe
• Air Liquide S.A.
• Aradigm Corp.
• AstraZeneca PLC
• Baxter International Inc.
• Boehringer Ingelheim International GmbH
• F. Hoffmann-La Roche Ltd.
• GlaxoSmithKline PLC
• Merck & Co.
• Novartis AG
• Omron Healthcare Inc.
• Pfizer Inc.
• Pulmatrix Inc.
• ResMed Corp.
• Savara, Inc.
• Sunovion Pharmaceuticals
• Takeda Pharmaceutical Company Ltd.
• Teva Pharmaceuticals Industries Ltd.
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