Towards Healthcare
Asthma And COPD Drugs Market to Soar $66.92 Bn by 2034

Asthma And COPD Drugs Market Size & Companies Strategies

According to forecasts, the global asthma and COPD drugs market will grow to USD 66.92 billion by 2034, with an expected CAGR of 5.01%. In 2024, King's College London showed that benralizumab can reduce hospitalizations in severe asthma and treat asthma and COPD. Boehringer Ingelheim launched a $35/month inhaler program for uninsured or high-copay patients. AstraZeneca's AJAX and MIRANDA trials recruited participants in Europe.

The global asthma and COPD drugs market size was calculated at USD 41.04 billion in 2024, to reach USD 43.1 billion in 2025 is expected to be worth USD 66.92 billion by 2034, expanding at a CAGR of 5.01% from 2024 to 2034. The rising incidences of respiratory disorders, growing research and development, and increasing investments drive the market.

Asthma And COPD Drugs Market Size 2023 - 2034

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Key Highlights

  • North America dominated the global market in 2024.
  • Europe is expected to experience the fastest market growth during the forecast period.
  • By diseases, the asthma segment held the major share of the market in 2024.
  • By diseases, the COPD segment is projected to expand rapidly in the market in the coming years.
  • By medication class, the combination drugs segment held a dominant presence in the market in 2024.
  • By medication class, the inhaled corticosteroids segment will be the fastest-growing segment over the coming years.
  • By distribution channel, the retail pharmacies segment led the global market in 2024.
  • By distribution channel, the online pharmacies segment is anticipated to grow with the highest CAGR in the market during the studied years.

Asthma And COPD Drugs Market Overview

Asthma and COPD are common lung disorders caused by excessive airway constriction, making breathing difficullt. Asthma is a respiratory disorder characterized by bronchial narrowing and difficult breathing. Shortness of breath, chest tightness or pain, and a wheezing sound while exhaling are all symptoms of asthma. The term "Chronic Obstructive Pulmonary Disease" (COPD) refers to a group of respiratory disorders that primarily include emphysema and chronic bronchitis.

Asthma and COPD are diagnosed using X-ray imaging, a nitric oxide test, and a sputum examination. Bronchoconstriction is a common symptom of asthma and COPD and it can be treated with corticosteroids, anticholinergic drugs, and long-acting beta-agonists. Asthmatic patients may experience sudden bronchoconstriction, also known as an asthmatic attack. Bronchodilators are agents that can be used to treat an asthma attack. Bronchodilators are delivered in an emergency with a specially designed pump to provide immediate relief.

Functional pulmonary testing (spirometry, body-plethysmography) is essential for the diagnosis, severity determination, and management of both asthma and COPD.

“Children who have experienced trauma, such as divorce, the death of a parent, or domestic violence, are more likely to develop asthma than other children”, according to new research.

  • In November 2024, researchers from King’s College London proved that benralizumab, a monoclonal antibody used for severe asthma, can be repurposed in emergency settings to reduce hospitalizations. They also showed that the drug can be used for further treatment of asthma and COPD conditions.
  • In June 2024, Boehringer Ingelheim announced a first-of-its-kind program to reduce the cost of its COPD and asthma inhalers to $35 a month for eligible patients. The program was launched to provide predictable, affordable, and consistent costs for uninsured patients and those with high co-pays.
  • In March 2024, the National Institute of Health and Care Research (NIHR) Patient Recruitment Center (PRC) at Bradford Teaching Hospitals recruited the first participants in Europe for two new clinical trials based on treating asthma and COPD. The trials AJAX Phase II and MIRANDA Phase III are led by AstraZeneca.

Impact of AI on the Asthma and COPD Drugs Market

Integrating artificial intelligence (AI) and machine learning (ML) in the respiratory field allows physicians to provide advanced treatment. AI and ML can diagnose and predict the classes of asthma and COPD in patients, eliminating human errors and saving time for physicians. AI and ML can be used to design tailored treatment regimens for patients based on their respiratory conditions. They can also introduce automation in research and development activities by developing novel drugs with better efficacy and safety profile. They can predict the drug-like properties of novel compounds and patient treatment outcomes. Additionally, AI can play a vital role in streamlining the manufacturing process of asthma and COPD drugs, enhancing efficiency and reproducibility. This enables manufacturers to supply sufficient quantities due to higher demand.

Market Dynamics

Drivers

Rising Public Awareness

The major growth factor of the asthma and COPD drugs market is the rising public awareness about respiratory diseases. Several government and private organizations are making efforts to increase awareness about asthma and COPD among the general public. This encourages patients for early screening and diagnosis of asthma and COPD. Recent technological advancements drive the latest innovations in screening and diagnosing respiratory disorders. Hence, this enables healthcare professionals to provide appropriate treatment for asthma and COPD at an early stage. The advent of social media also increases awareness about COPD and asthma. Research institutions organize several workshops and symposiums highlighting the significance of asthma and COPD treatment.

Influencers Fueling The Market Growth

The global increase in asthma incidence drives the growth of asthma and COPD drug markets. Additionally, rising public awareness of respiratory diseases fuels the growth of asthma and COPD drug markets. Manufacturers' and researchers' Innovation in the treatment of asthma also contributes to market expansion.

Furthermore, government initiatives to treat and improve the lifestyle of asthma and COPD patients boost the market growth. The growth of the market is also driven by the increased number of hospitals and developed healthcare infrastructure. Besides all this, the rise in tobacco smoking habits among people, as well as the rise in air pollution, contribute to the growth of the asthma and COPD drugs market. However, the rising cost of treatment for asthma and COPD is expected to limit the market growth.

Restraints

Hurdles Faced During The Market Growth

The side effects of respiratory drugs are expected to limit market growth during the forecast period. Patients with asthma and COPD experience a variety of side effects from respiratory drugs. Dry mouth, headaches, constipation, fast heartbeat, muscle cramps, and shaking are the most common adverse effects. Thrush (a yeast infection in the mouth) and hoarseness can be caused occasionally due to inhaled steroid treatment. Due to this, doctors are progressively recommending alternative therapies to their patients, such as herbs and dietary supplements, yoga, relaxation, and acupuncture. In the forecast period, the rising preference for alternative therapies for the treatment of asthma and COPD have anticipated to restrain the expansion of the anti-asthmatic and COPD drugs market.

Opportunities

Asthma Treatment With Probiotics

Probiotics are gaining popularity in the anti-asthmatic and COPD drug markets for the treatment of asthma patients. Probiotics can boost the host immune system via the gut ecosystem and may be useful in the treatment of allergic diseases like asthma. For instance, Activated Probiotics, an Australian company that manufactures premium probiotic products, announced in November 2020, that they are expanding their range and developing probiotic products for the treatment of asthma.

Asthma Patients Can Benefit From Bioelectric Medicine

Bioelectric medicines for the treatment of asthma patients are progressively being developed by companies in the anti-asthmatics and COPD drugs markets. Bioelectronic Medicine uses miniaturized, implantable devices which can modify electrical signals that pass along nerves in the body, such as irregular or altered impulses that occur in many illnesses. ElectroCore, Inc., a bioelectronic medicine company based in the United States, received FDA approval in July 2020 for a nerve stimulator for asthma patients who were potentially affected by the novel coronavirus.

Market Segmentations

Asthma Segment Held a Major Share

Asthma and COPD Market Share, By Disease, 2021 (%)

By disease, the asthma segment dominated the asthma and COPD drugs market in 2024. Asthma is a life-threatening condition that affects patients' regular breathing and is one of the world's most common diseases affecting the population. It is a chronic condition that stretches and narrows the lungs' air passages, causing attacks of breathlessness, bronchospasm, and reversible obstruction of airflow. Additionally, there is a significant increase in cigarette consumption, which contributes to asthma symptoms. Furthermore, the rise in industrialization has contributed to an increase in the number of cases of asthma, which may drive demand for asthma drugs in the forecast period.

COPD Segment: Fastest-Growing

By diseases, the COPD segment is projected to expand rapidly in the market in the coming years. Chronic obstructive pulmonary disease (COPD) is a condition caused by damage to the airways or other parts of the lung. The rising prevalence of COPD and its complexity augment the segment’s growth. According to the World Health Organization, smoking and air pollution are the most common causes of COPD. The European Respiratory Society report demonstrated that a 10 µg/m3 increase in PM2.5 levels is associated with an 18% increase in the incidence of COPD.

Combination Drugs Segment Dominated

Asthma and COPD Market Revenue Share, By Medication Class, 2021 (%)

The combination drugs segment held a dominant presence in the asthma and COPD drugs market in 2024. Using a combination of medications and drugs to treat a wide range of disorders has steadily increased over the last decade. According to several research studies, patients with COPD and asthma can now benefit from combination drugs. The growing research and development activities and favorable regulatory frameworks positively support the segment’s growth. 

Inhaled Corticosteroids Segment: Fastest-Growing

The inhaled corticosteroids (ICS) segment will be the fastest-growing segment of the asthma and COPD drugs market. Inhaled corticosteroids (ICS) help to prevent asthma attacks while also improving lung function. They may also be used to treat other lung disorders such as COPD. When compared to other types of drugs, inhaled corticosteroids (ICS) are quite effective for the treatment of asthma.

Retail Pharmacies Segment Led in 2024

Astama and COPD Market Revenue Share, By Distribution Channel, 2021 (%)

The general pharmacies distribution channel segment accounted for 65.3% of the total in the anti-asthmatics and COPD drugs market segmented by distribution channel. The segmental growth is attributed to special discounts, the availability of generic alternatives, and the presence of trained professionals. The increasing number of retail stores increases the accessibility of the general public for purchasing drugs. Additionally, retail pharmacies offer home delivery facilities, potentiating the segment’s growth. 

Online Pharmacies Segment: Fastest-Growing

Heading forward, the online retailer’s distribution channel market segment is anticipated to be the fastest growing segment in the anti-asthmatics and COPD drugs market. Online pharmacies offer free online consultation with a healthcare professional and the provision to order medicines in the comfort of a patient’s home. Patients can select drugs from a wide variety of manufacturers. They also offer free home delivery.

Regional Insights

North America Is Anticipated To Be A King And Hold A Larger Market Share

During the forecast period, the North American region is projected to dominate the Asthma and COPD drugs market. This expansion can be attributed to the rising prevalence of diseases such as COPD and asthma, the aging population, enhanced R&D activities, and the existence of key market players. There are currently 25 million people with asthma and more than 16 million people with COPD in the U.S.

Asthma affects more adult women than adult men in the United States. Favorable government initiatives increase awareness for early treatment of respiratory disorders. The U.S. government launched the “Healthy People 2030” initiative to improve respiratory health. The government makes strategies to reduce environmental triggers and ensure people get the right medications to prevent hospital visits for asthma.

Strategic Outlook on the Expansion of the Asthma and COPD Drug Market in Europe

In contrast, Europe is expected to grow at the fastest rate during the forecast period. The United Kingdom dominates the European market for asthma and COPD medications. The growing awareness of asthma and COPD among people is attributed to the growth of the asthma and COPD drugs market in Europe. The European government has launched the “Breathe Vision 2030” to address lung health in an all-round, multidisciplinary approach. As a result, the market for asthma and COPD drugs in this region is expected to expand rapidly in the near future. The increasing investments, as well as collaborations, partnerships, and mergers & acquisitions to develop asthma and COPD drugs, also contribute to the market.

Latest Announcement by Industry Leaders

Paul Hudson, CEO of Sanofi, commented that Dupixent is set to launch for the treatment of COPD. He said that it might take some time to drive awareness and diagnosis of COPD with type 2 inflammation, hence, the infection of sales growth will likely come in 2025. He added that COPD will become the next major growth pillar for Dupixent.

Recent Events Occurring Across The Globe

  • In May 2024, Blackstone announced the launch of Uniquity Bio, a clinical-stage drug development company focused on immunology and inflammation. The new company is developing solrikitug for several critical respiratory and GI indications. The company also aims to launch Phase 2 clinical trials in COPD.
  • In July 2023, Hormosan Pharma GmBH, Lupin’s wholly-owned subsidiary in Germany, announced the launch of Luforbec 100/6, Beclometasone 100 µg/ Formoterol 6 µg) for the treatment of asthma and COPD in Germany. Luforbec is a cost-effective, fixed combination product in a pressurized metered dose inhaler (pMDI).

Asthma and COPD Frugs Market Companies

Asthma And COPD Market Top Companies

Segments Covered in the Report

By Diseases

  • Asthma
  • COPD

By Medication Class

  • Combination Drugs
  • Bronchodilators
  • Inhaled Corticosteroids (ICS)
  • Short Acting Beta Agonists (SABA)
  • Long Acting Beta Agonists (LABA)
  • Leukotriene Antagonists (LTA)
  • Anticholinergics
  • Anti-Inflammatories
  • Others

By Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Drug Stores

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Philippines
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • North Africa
    • South Africa
    • Rest of the Middle East & Africa
  • Insight Code: 5011
  • No. of Pages: 150
  • Format: PDF/PPT/Excel
  • Last Updated: 30 January 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Rohan Patil is a market research expert with 5+ years of experience in healthcare, specializing in market dynamics, emerging trends, and technology-driven innovations to guide data-driven decisions for healthcare organizations.

Learn more about Rohan Patil

Aditi Shivarkar, with 14+ years of healthcare market research experience, ensures the accuracy, clarity, and relevance of reports. Her expertise helps businesses make informed decisions and stay competitive in healthcare sectors.

Learn more about Aditi Shivarkar

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FAQ's

The global asthma and COPD drugs market accounted for USD 41.04 billion in 2024 and is expected to soar USD 66.92 billion by 2034.

The asthma and COPD drugs market is expected to expand at a compound annual growth rate of 5.01% from 2024 to 2034.

The global increase in asthma incidence drives the growth of asthma and COPD drug markets.

North America is anticipated to be a king and holds a larger market share by 2034.