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(Medical-NewsWire.com, December 17, 2018 ) The global respiratory diseases drugs market, one of the segments of healthcare industry. During the historic period it grew at a compound annual growth rate (CAGR) of around 6.5%. This was mainly due to the increased air pollution which will lead to increased respiratory diseases.
For the forecasted period, the respiratory market size is expected to be over $70 billion by 2021, growing at a CAGR of nearly 6.5%. The growth rate for forecasted period is higher when compared to the historic period. This is mainly attributed to the rise in global air pollution levels which will lead to higher number of respiratory diseases thus driving the respiratory drugs market.
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Anti-Asthmatics And COPD Drugs was the largest segment in the respiratory drugs market accounting for 65% of the market. This segment includes companies that produce drugs that can be used to relieve the frequency of acute attacks of asthma, emphysema, chronic bronchitis, and nocturnal awakenings. Some of the major anti-asthmatics and COPD drugs include antimuscarinics, corticosteroids, leukotriene inhibitors, xanthines, albuterol (Vospire ER), levalbuterol (Xopenex), ipratropium (Atrovent).xxxiv The large size of this segment was due to increasing number of patients of asthma and COPD caused by tobacco smoking and air pollution.
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