DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Asthma Therapeutics in Asia-Pacific Markets to 2023 - High Prevalence and Highly Priced Existing & Upcoming Biologics will Drive the Market" report to their offering.
Asia-Pacific asthma therapeutics market is forecast to grow significantly over the forecast period, from $4.1 billion in 2016 to a projected value of $6 billion by 2023, at a compound annual growth rate (CAGR) of 5.4%.
The aging population is growing significantly, which will increase the asthma prevalence in the Asia-Pacific region. In addition, the severity of asthma increases with age, meaning elderly patients require more medications to control their asthma symptoms, which will drive the market (Kopnina, 2012). The prevalence rate of asthma in the Asia-Pacific region in the elderly population is 1.3-15.3%, compared with 5% in the adult population (Song et al., 2014).
The late-stage pipeline contains promising targeted therapies that have the potential for approval and launch during the forecast period. There are four costly biologics that are set to enter the Asia-Pacific asthma therapeutics market: Teva's reslizumab, Sanofi/Regeneron's dupilumab, and AstraZeneca's tralokinumab and benralizumab.
China has a lack of biologic development, despite having the second highest asthma prevalence population after India. In addition, the only approved biologic Xolair (omalizumab) is yet to be approved in China, and although it has been available in India since before 2009, its market uptake there is negligible. These findings clearly indicate that there is a significant drug affordability barrier in India and China.
Key Topics Covered:
1 Table of Contents
3 Marketed Products
4 Pipeline Analysis
5 Clinical Trial Analysis
6 Multi-Scenario Forecast
7 Drivers and Barriers
8 Deals and Strategic Consolidations
- Astellas Pharma
- Merck & Co
- Boehringer Ingelheim
- Teva Pharmaceutical
For more information about this report visit https://www.researchandmarkets.com/research/fvg3tb/asthma