
Report ID: SQMIG35I2377
Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to respiratory drugs market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.
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Global Respiratory Drugs Market size was valued at USD 2.81 Billion in 2023 and is poised to grow from USD 3.03 Billion in 2024 to USD 5.52 Billion by 2032, growing at a CAGR of 7.8% in the forecast period (2025-2032).
The competitive landscape of the global respiratory drugs industry in 2024 is marked by the dominance of major pharmaceutical players alongside emerging startups leveraging innovative technologies. Established companies like GSK, AstraZeneca, Pfizer, and Boehringer Ingelheim continue to lead with their broad portfolios of respiratory treatments, ranging from inhalers and biologics to cutting-edge smart inhalers and combination therapies. These companies are focusing on strategic mergers and acquisitions to enhance their respiratory drug offerings. 'GSK (GlaxoSmithKline)', 'AstraZeneca', 'Pfizer', 'Sanofi', 'Verona Pharma', 'Moderna', 'Lupin Pharmaceuticals', 'Glenmark Pharmaceuticals', 'Viatris', 'Boehringer Ingelheim', 'Novartis', 'Merck & Co.'
AI is revolutionizing how new respiratory drugs are discovered by rapidly analyzing large-scale datasets to identify promising compounds and biological targets. Machine learning algorithms can simulate how drug candidates will interact with human biology, significantly shortening the preclinical phase. For example, AI platforms like BenevolentAI and Atomwise are being utilized to develop novel therapies for asthma and chronic obstructive pulmonary disease (COPD), enabling pharmaceutical firms to innovate faster and reduce R&D expenditures.
Rise of AI-Enabled Smart Inhalers: A growing respiratory drugs market trend in respiratory care is the adoption of AI-integrated smart inhalers that track medication usage, monitor symptoms, and alert users about incorrect techniques or missed doses. Devices like Propeller Health’s inhaler sensors provide real-time feedback to patients and actionable data to clinicians. This not only improves adherence but also helps in tailoring treatment plans based on actual usage and response.
What is Driving the Growth of the Respiratory Drugs Market in North America?
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Report ID: SQMIG35I2377
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