Bronchial Spasm Market is segmented By Drug Type (Bronchodilators, Anti-Inflammatory Agents, Combination Therapies), By Route of Administration (Inhal....
Market Size in USD
CAGR6.1%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 6.1% |
Market Concentration | High |
Major Players | AstraZeneca, GlaxoSmithKline plc, Boehringer Ingelheim GmbH, Novartis AG, Merck & Co., Inc. |
The bronchial spasm market is estimated to be valued at USD 14.1 Bn in 2024 and is expected to reach USD 21.7 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031. Driven by rising pollution levels and increasing cigarette smoking in emerging economies, the market is witnessing significant growth. Additionally, growing geriatric population susceptible to chronic respiratory diseases is anticipated to boost market revenue over the forecast period.