Global Bronchitis Drugs Market 2018-2022
About this market
For bettering the public understanding of the disease, many government as well as non-government agencies are taking initiatives to improve public awareness of bronchitis. Many organizations suggest not to treat acute bronchitis with antibiotics, as such drugs are not indicated for diseases like acute bronchitis. Moreover, there are a few not-for-profit foundations on asthma and other respiratory illnesses, such as the Asthma Foundation, which offer support to patients. Asthma Foundation focuses on increasing the awareness of respiratory illnesses, funds research for better treatments, and provides education on best practices. Such initiatives for generating awareness of bronchitis among patients and physicians will result in better diagnosis of bronchitis and help in the global market's growth. Technavio’s analysts have predicted that the bronchitis drugs market will register a CAGR of close to 4% by 2022.
Bronchitis treatment has a strong pipeline due to the extensive R&D in this field. Currently, the bronchitis treatment pipeline has around 6 trials in phase I, phase II, and phase III, in which 3 are in phase III. There are a few promising molecules in the pipeline for indications such as acute and chronic bronchitis.
High economics burden of bronchitis
Incomplete or inaccurate diagnosing of chronic bronchitis can have a substantial impact on healthcare costs, resulting in a higher economic burden for people with the disease.
For the detailed list of factors that will drive and challenge the growth of the bronchitis drugs market during the 2018-2022, view our report.
The bronchitis drugs market is moderately fragmented with the presence of several bronchitis drug manufacturers. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
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