Global asthma market to hit $18 billion by 2021 boosted by biologics
The market for asthma drugs is predicted to reach $18 billion by 2021, according to new research from analyst firm Datamonitor Healthcare.
With six products forecast to launch, the research estimates the asthma market in the USA, Japan, and five major European Union markets (France, Germany, Italy, Spain and the UK), will grow at a rate of 1.4% by 2021.
It predicts that two key marketed drugs, UK pharma major GlaxoSmithKline’s (LSE: GSK) Advair (fluticasone/salmeterol) and Anglo-Swedish drug major AstraZeneca’s (LSE: AZN) Symbicort (budesonide/formoterol), will face erosion of sales due to the arrival of GSK’s Breo (fluticasone/vilanterol), as well as from generics emerging from the pipeline.
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