The global market for chronic obstructive pulmonary disease (COPD) treatment is anticipated to develop over the forecast period as a result of the high incidence and prevalence of COPD and awareness campaigns launched by various organisations. Over the projected period, an increase in the prevalence of chronic obstructive pulmonary disease is anticipated to fuel the expansion of the global chronic obstructive pulmonary disease (COPD) treatment market. The global chronic obstructive pulmonary disease (COPD) treatment market is anticipated to expand as a result of ongoing research and development as well as new product introductions for the treatment of COPD. The growth of the global market for the treatment of chronic obstructive pulmonary disease is anticipated to be fueled by key industry players engaging in more research and development in order to raise consumer awareness and introduce new products.
Coherent Market Insights projects that the global Chronic Obstructive Pulmonary Disease (COPD) Treatment Market will reach US$ 17,510.15 million in 2022 and grow at a CAGR of 4.9% during the next five years (2022-2030).
Market Leaders in the Chronic Obstructive Pulmonary Disease (COPD) Treatment Industry:
1. AstraZeneca Plc
The business was established in 1999 and has its headquarters in Cambridge, UK. Its product line includes treatments for respiratory, inflammatory, infectious, neurological, and cardiovascular diseases. The Oxford-AstraZeneca COVID-19 vaccine's emergency use was licenced by the United Kingdom on December 30, 2020. The company would purchase LogicBio Therapeutics, a player in clinical-stage genomic medicine, it was revealed in October 2022. Neogene Therapeutics, a clinical-stage biotechnology business based in Amsterdam, was acquired by AstraZeneca, it was revealed in November 2022.
2. Novartis AG
Based in Basel, Swiss, and Cambridge, the U.S., Massachusetts, Novartis AG is a Swiss international pharmaceutical company (global research).The company Novartis AG was established in March, 1996. Products covered by Novartis include prescription medications, OTC medications, vaccinations, testing, prescription glasses, and veterinary medicine. A number of the following operations are carried out directly by Novartis through subsidiaries: Handling, Marketing, Operations, and Research.
3. Teva Pharmaceutical Industries Ltd.
The corporation, founded in 1901, has its headquarters in Tel Aviv, Israel. Although its primary area of competence is in generic drugs, it also has some supplementary business interests in active pharmaceutical ingredients and, to a lesser extent, proprietary drugs. The aggressive climate targets set by Teva will have received external validation on January 19, 2023, according to the Science Based Targets initiative (SBTi). The federal opioids deal will move forward, Teva stated on January 9th, 2023, after getting broad backing from the states.
4. GlaxoSmithKline plc
The company was founded in 2000 and has its headquarters in London, England. GSK produces medications for common diseases such as diabetes, cancer, parasites, and psychological health. Three unsolicited bids to buy the Consumer Healthcare business unit from Unilever were received by the company, the company stated in January 2022. GSK released encouraging Phase IIa research results for a novel, first-in-class potential drug for tuberculosis patients in November 2022.
5. Orion Corporation
Orion Company was established in 1917 and has its headquarters in Espoo, Finland. The business creates, produces, and sells medicines, active pharmaceutical ingredients, and veterinary medications for international markets. In June 2021, Orion's Clinical Study for Chronic Pain Patients Utilizing Virtual Reality Treatment Displayed a Substantial Improvement.
6. Mylan N.V.
The business is situated in Canonsburg, Pennsylvania, and was established in 1961. The Firm conducts a speciality company specialising in respiratory, allergy, and psychiatric therapies in addition to manufacturing active pharmaceutical ingredients. The thrombosis business of Aspen Pharmacare Holdings Limited will be acquired by Mylan N.V. in September 2020 along with the accompanying intellectual property rights.
7. Boehringer Ingelheim
The business was established in 1885 and has its headquarters in Germany's Ingelheim. The company's primary research interests include oncology, immunology, metabolism, respiratory ailments, and disorders of the central nervous system. Boehringer Ingelheim and Google Quantum AI (Google) established a partnership in January 2021 that will focus on investigating and putting forward cutting-edge application cases.
8. Sunovion Pharmaceuticals, Inc.
The business is headquartered in Marlborough, Massachusetts, and was established in 1984.A pharmaceutical firm with a research-based foundation, Sunovion Pharmaceuticals Inc. is committed to finding, creating, and commercialising cutting-edge therapeutic medicines for patients with respiratory and central nervous system problems as well as other ailments.
Definition: Airflow from the lungs becomes restricted as a result of the chronic inflammatory lung illness known as chronic obstructive pulmonary disease (COPD). Symptoms include breathing, coughing up mucus (sputum), and difficulty breathing.
