$7.3+Bn Emphysema Treatment Market to Grow at 5% CAGR, Globally, by 2031
In accordance with the comprehensive analysis conducted by Allied Market Research, the global Emphysema Treatment Market showcased a valuation of $4,474.71 million in 2021, projecting a remarkable ascent to $7,292.90 million by the year 2031. This growth trajectory is underpinned by a robust Compound Annual Growth Rate (CAGR) of 5%, anticipated to prevail from 2022 to 2031.
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Covid-19 scenario-
In the backdrop of the global COVID-19 pandemic, a noteworthy surge in demand for bronchodilators for the treatment of chronic obstructive pulmonary disease (COPD), including emphysema, emerged. The similarity in symptoms between individuals afflicted with emphysema and those infected with the coronavirus contributed to an increased need for effective treatments, consequently imparting a favorable influence on the global emphysema treatment market.
Throughout the pandemic, the heightened demand for bronchodilators underscored the critical role played by the emphysema treatment sector in addressing the healthcare challenges posed by COVID-19. This positive impact showcased the adaptability and responsiveness of the market to unforeseen healthcare crises.
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The key market players analyzed in the global emphysema treatment market report include AstraZeneca, Novartis AG, Boehringer Ingelheim, GlaxoSmithKline Plc., Mylan Pharmaceuticals (Viatris), Teva Pharmaceuticals, Hikma Pharmaceuticals Plc, Orion Corporation, Pfizer, Inc., and Verona pharma. The key market players have adopted several strategies such as contract, product launch, product approval and partnership to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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