[FURL=https://www.industryarc.com/Research/Bronchodilators-Market-Research-507078?utm_source=briefingwire&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Bronchodilators Market[/FURL] size is forecast to reach $3.7 billion by 2026, growing at a CAGR of 6.3% during the forecast period 2021-2026. Bronchodilators relaxes muscles around the airways and open the airway to let more air move in and out of the lungs. They are used to reduce the mucus from the lungs and also have effects on mucociliary clearance. It is also used in the treatment of obstructive lung disease by relaxing and widening the bronchi. It treats asthma and chronic pulmonary diseases. Bronchodilators are administered through nebulizer to the patients who are sufferings from chronic respiratory disorders as they are used to reduce the mucus from the lungs. Increasing prevalence of pulmonary disorders and growing technological advancements are the major factors driving the growth of the market. Growing government initiatives for creating awareness among population and growing funding by government organizations is set to further enhance the overall market development of the Bronchodilators Market for the period 2021-2026Key Takeaways
North America dominated the Bronchodilators Market in 2020 owing to the increase in cystic fibrosis and increase in government initiatives towards increasing awareness regarding asthma and other chronic respiratory diseases. The Bronchodilators Market scope for different regions will be provided in the final report.
Increasing prevalence of respiratory disorders such as chronic obstructive pulmonary disease and increasing awareness of healthcare among population are likely to aid the market growth of the Bronchodilators Market.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Bronchodilators Market report.
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Bronchodilators Market Segment Analysis – By Geography
North America dominated the Bronchodilators Market with a major share of 36.4% in 2020. This is attributed to the increase in cystic fibrosis and increasing government initiatives towards increasing awareness regarding asthma, and chronic respiratory disorders among others. Increasing awareness regarding treatment options, rising adoption of inhaled therapeutics along with the significant improvement in the healthcare sector is increasing the growth of the market in this region.
Bronchodilators Market Drivers
Increase in Prevalence of Pulmonary Disorders
Increasing Usage of Bronchodilators for the Treatment of Cystic Fibrosis
Bronchodilators Market, top 10 companies are Novartis AG, Pfizer, Cipla Technologies, Teva Pharmaceuticals, Astra Zeneca Plc., GlaxoSmith, Hoffman Roche, Abbott Laboratories, and Vectura Group among others.
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