The demand for PSE-containing cold, allergy, and sinus products is growing due to their effectiveness and convenience. PSE is an active ingredient found in various cold, allergy, and sinus Drugs that can provide congestion relief. However, PSE-containing medicines are mostly sold as a prescription drug, as PSE can also be used for the illegal manufacture of methamphetamine, a recreational drug. This has led drug manufacturers to produce tamper-resistant PSE products. For instance, in March 2017, pharmaceutical companies Acura Pharmaceuticals Inc. and MainPointe Pharmaceuticals LLC entered into an agreement, enabling MainPointe Pharmaceuticals LLC to market NEXAFED and NEXAFED Sinus products in the US and Canada. These drugs utilize tamper-resistant PSE formulation to prevent the illicit production of methamphetamine.
The Business Research Company expects the global respiratory drugs market to grow from $51 billion in 2016 to $66 billion in 2020 at a compound annual growth rate (CAGR) of 6.5%. North America was the largest region in the respiratory drugs market in 2016, accounting for $24 billion or 48.3% market share. This was mainly due to high number of patients with respiratory diseases, more people covered under medical insurance programs and higher pricing of medications in the USA.
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The chart below shows the year-on-year growth of the global respiratory drugs market during 2016-2020
According to The Business Research Company’s Healthcare and Biotechnology Consultant, Ravikiran, pharmaceutical companies are focusing on nasal remedies owing to growing consumer demand for these products. Nasal remedies for cold include sprays, drops or inhalers such as nasal spray, saline spray, steroid spray, antihistamine spray, and nose drops. These remedies work faster than traditional drugs and these products are generally sold over-the-counter (OTC). In April 2017, pharmaceutical company Amneal Pharmaceuticals LLC launched its first nasal spray Mometasone furoate. Each bottle of this spray delivers 120 sprays of 50 mcg/spray strength. Similarly, in November 2015, cold and allergy relief products provider Zicam LLC had launched its reformulated Zicam® cold remedy nasal swabs that help in reducing the duration of a cold.
According to The Business Research Company’s Healthcare and Biotechnology Consultant, Ravikiran, pharmaceutical companies are focusing on nasal remedies owing to growing consumer demand for these products. Nasal remedies for cold include sprays, drops or inhalers such as nasal spray, saline spray, steroid spray, antihistamine spray, and nose drops. These remedies work faster than traditional drugs and these products are generally sold over-the-counter (OTC). In April 2017, pharmaceutical company Amneal Pharmaceuticals LLC launched its first nasal spray Mometasone furoate. Each bottle of this spray delivers 120 sprays of 50 mcg/spray strength. Similarly, in November 2015, cold and allergy relief products provider Zicam LLC had launched its reformulated Zicam® cold remedy nasal swabs that help in reducing the duration of a cold.
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GlaxoSmithKline was the largest company in the respiratory disorder drugs market in 2016 with revenues of $13.2 billion for the financial year 2016. The company’s strategy involves increasing investments in R&D to drive discovery and development in respiratory diseases drugs. In 2016, GSK filed Closed Triple therapy for chronic obstructive pulmonary disease (COPD) for regulatory approval in Europe and the US. The company has also in-licensed anti-IL33R antibody for severe asthma, and danirixin is into phase IIb clinical development for treating patients with COPD.
Respiratory diseases drugs market covers drugs that are used in the treatment of a wide range of respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), chronic and acute bronchitis, emphysema and cystic fibrosis. Some of the major drugs in the market include antimuscarinics, corticosteroids, Codral®, Coldrex® and Lemsip®. The market numbers in this briefing cover pharmaceutical (drug) treatments and do not cover biologic treatments for these conditions which are included in a separate briefing.
The respiratory diseases drugs industry is further classified as follows –
· Anti-Asthmatics And COPD Drug
· Cough And Cold Preparations Drug
Respiratory Drugs Market Global Report 2017 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office the price is $6000 and $8000 if you wish to use across a multinational company.
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