Global Asthma Therapeutics Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Drug Class;

Anti-Inflammatories and Bronchodilator

By Product;

Inhalers and Nebulizers

By Treatment Type;

Long-Term Asthma Control Medications and Quick-Relief (Rescue) Medications

By Route of Administration;

Oral, Inhaled, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn370758473 Published Date: May, 2025 Updated Date: June, 2025

Asthma Therapeutics Market Overview

Asthma Therapeutics Market (USD Million)

Asthma Therapeutics Market was valued at USD 1,972.04 million in the year 2024. The size of this market is expected to increase to USD 2,355.37 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%


Global Asthma Therapeutics Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 2.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)2.6 %
Market Size (2024)USD 1,972.04 Million
Market Size (2031)USD 2,355.37 Million
Market ConcentrationHigh
Report Pages396
1,972.04
2024
2,355.37
2031

Major Players

  • Teva Pharmaceutical Industries Ltd.
  • GSK plc
  • Merck & Co., Inc.
  • F. Hoffmann-La Roche Ltd
  • AstraZeneca
  • Boehringer Ingelheim International GmbH
  • Sanofi.
  • Koninklijke Philips N.V.
  • BD
  • Covis Pharma

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Asthma Therapeutics Market

Fragmented - Highly competitive market without dominant players


The asthma therapeutics market is experiencing consistent growth driven by the rising prevalence of respiratory disorders and increasing awareness about chronic airway inflammation management. With asthma affecting nearly 8% of the population, the demand for effective treatments continues to surge. The adoption of inhalation therapies and biologics has significantly enhanced disease control and patient outcomes.

A key driver includes the increased adoption of combination therapies, which now account for over 40% of asthma prescriptions. Innovations in biologic drugs targeting eosinophilic asthma phenotypes are also reshaping the therapeutic landscape. Furthermore, the rising focus on personalized medicine is pushing companies to develop targeted therapies for various asthma subtypes.

Technological Advancements
The integration of smart inhalers and digital respiratory monitoring has improved medication adherence and treatment efficacy. These digital tools are now adopted in more than 25% of moderate to severe asthma cases. Additionally, investments in nanotechnology-based drug delivery systems are contributing to enhanced bioavailability and reduced side effects.

Future Outlook
The market is poised for further evolution with the introduction of next-generation monoclonal antibodies and expanding clinical trials for novel anti-inflammatory agents. Partnerships between biotech firms and research institutions are expected to foster innovation. With over 35% of ongoing research focused on severe asthma variants, the market is likely to witness a pipeline rich in precision therapies aimed at long-term disease control.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Drug Class
    2. Market Snapshot, By Product
    3. Market Snapshot, By Treatment Type
    4. Market Snapshot, By Route of Administration
    5. Market Snapshot, By Region
  4. Asthma Therapeutics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising incidence of asthma globally

        2. Urbanization and pollution contributing to cases

        3. Advancements in treatment options

        4. Advancements in treatment options

      2. Restraints
        1. High cost of advanced therapies

        2. Side effects associated with treatments

        3. Limited access in developing countries

        4. Variability in patient response

      3. Opportunities
        1. Development of personalized medicine

        2. Expansion into emerging markets

        3. Integration of digital health solutions

        4. Increased investment in research and development

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Asthma Therapeutics Market, By Drug Class, 2021 - 2031 (USD Million)
      1. Anti-inflammatories
      2. Bronchodilator
    2. Asthma Therapeutics Market, By Product, 2021 - 2031 (USD Million)
      1. Inhalers

      2. Nebulizers

    3. Asthma Therapeutics Market, By Treatment Type, 2021 - 2031 (USD Million)
      1. Long-term Asthma Control Medications
      2. Quick-relief (Rescue) Medications
    4. Asthma Therapeutics Market, By Route of Administration, 2021 - 2031 (USD Million)
      1. Oral
      2. Inhaled
      3. Others
    5. Asthma Therapeutics Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Teva Pharmaceutical Industries Ltd.
      2. GSK plc
      3. Merck & Co., Inc.
      4. F. Hoffmann-La Roche Ltd
      5. AstraZeneca
      6. Boehringer Ingelheim International GmbH
      7. Sanofi.
      8. Koninklijke Philips N.V.
      9. BD
      10. Covis Pharma
  7. Analyst Views
  8. Future Outlook of the Market