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Market Overview of Global Formoterol fumarate market:
According to our latest research, the global Formoterol fumarate market looks promising in the next 5 years. As of 2022, the global Formoterol fumarate market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
Formoterol fumarate is the third-generation quick-acting and long-acting selective ?2 adrenergic receptor agonist, which can relax bronchial smooth muscle and inhibit the release of mast cell inflammatory mediators. Clinically, it can be used to relieve blockage, chronic obstructive pulmonary disease (COPD), chronic bronchitis, emphysema, asthma, etc. At the same time, the drug is classified into other respiratory diseases, upper respiratory tract infection drugs, asthma, antibacterial and anti-inflammatory drugs and other drug categories.
Drugs are a rigid demand for life and health. As the new crown epidemic sweeps the world, the World Health Organization has worried about the "suspend" of global raw materials, and has formulated a list of new crown pneumonia prevention and control items for the management of new crown pneumonia cases in various countries to monitor the world. The risk of domestic shortages of medicines, focusing on the most essential medicines that are critical for primary health care and responding to health emergencies, including antibiotics, painkillers, and medicines for diseases such as diabetes, hypertension, AIDS, tuberculosis, and malaria, and including Critical medical equipment including ventilators and oxygen supply systems. As we all know, a large number of active pharmaceutical ingredients and intermediate products required by the global pharmaceutical industry are produced in China. This list not only confirms the reality of the impact of the new crown pneumonia epidemic on the international pharmaceutical supply chain, but also proves once again the position and importance of China's pharmaceutical manufacturing industry in the international market. Influence. Restricted by the international supply chain and logistics and transportation, the export volume of China's raw material medicines decreased year-on-year, but the export volume of a few varieties increased year-on-year. At present, raw material drug companies are gradually resuming work and production. The raw material drugs related to the epidemic are turning to the international market on the basis of basically meeting domestic demand, and the export volume may usher in a short period of outbreak.
The U.S. FDA has issued a document saying that if the new crown pneumonia epidemic lasts for several months, there will be shortages of many drugs in the United States. Twenty drugs currently sold in the U.S. are manufactured in China, or rely on APIs that are made only in China. In addition, India's generic drug industry chain is also highly dependent on China, and about 70% of its APIs are imported from China. The outbreak of the new crown epidemic has delayed the resumption of work, and the raw materials in India's inventory have also declared an emergency. Jain, secretary-general of the Indian Pharmaceutical Alliance (IPA), even said that due to the interruption of the supply of raw materials in China, large pharmaceutical companies can only last for 2 to 3 months, and small companies can only last for 30 to 40 days. It is noteworthy that on March 3, 2020, India decided to restrict the export of some drugs and raw materials, including 26 raw materials and their preparations including paracetamol, tinidazole, erythromycin, and clindamycin. It shows that the epidemic is causing disruption to the pharmaceutical supply chain. Affected by the epidemic, there have been some fluctuations in the supply of APIs in the short-term market. If the foreign pharmaceutical industry stagnates for a long time, it will have a negative impact on the overall export of Chinese raw materials. In addition, India, the second largest country in raw materials, has begun to restrict the export of some raw materials. It is expected that the price of raw materials will rise sharply. Moreover, due to the impact of the new crown epidemic, the global supply chain has been blocked, which has caused an irreparable impact on the import and export of Chinese medicines in a short period of time. The stable implementation of domestic policies has provided a solid guarantee for practitioners in various fields. The industrial chain of enterprises has been continuously repaired. The "online + offline" sales model has been formed. The requirements for epidemic prevention and inspection have also gradually formed standardized rules. The logistics and export industry chain recovering day by day.
China's formoterol fumarate product has a certain development foundation. In recent years, China's generic drug industry has received great attention from governments at all levels and key support from national industrial policies. The state has successively issued a number of policies to encourage the development and innovation of the generic drug industry. Industrial policies such as the "Announcement on Quality and Efficacy Consistency Evaluation" policy interpretation provide a clear and broad market prospect for the development of the generic drug industry.
In the formoterol fumarate market, the number of patients is increasing and there are many types of diseases. With the rapid development of industrialization, problems such as air pollution and environmental deterioration are prominent. Modern people's irregular eating and rest habits lead to a decline in their own resistance. The number of patients in China is increasing year by year. Especially for chronic respiratory diseases, it has become the third leading cause of death of chronic diseases in my country. In the future, the incidence of asthma/COPD in my country will continue to increase due to factors such as the deterioration of the air environment, the increase in the smoking rate of the population, and the deepening of the aging population. At the same time, as the diagnosis and treatment rate and the control rate in my country move closer to the United States, the patient base will continue to accumulate and new cases will be superimposed. Old patients have brought about a huge demand for clinical medication in our country.
Company Overview:
AstraZeneca AB is one of the major players operating in the Formoterol fumarate market, holding a share of 54.70% in 2023.
The major players operating in the Formoterol fumarate market include Chia Tai-Tianqing Pharmaceutical Holdings Co., Ltd. ,Tianjin Lisheng ,Fu'an Pharmaceutical Group Ningbo Tianheng Pharmaceutical Co. Ltd., , etc. Among which, AstraZeneca AB ranked top in terms of sales and revenue in 2023.
Segmentation Overview:
The inhalants segment by type will grow by 2.6% in value in 2022.
Among the different product types, the inhalants segment is expected to contribute the largest market share in 2028.
Application Overview:
By application, the Hospital segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Formoterol fumarate market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Formoterol fumarate Market Report:
Market Size Estimates: Formoterol fumarate market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Formoterol fumarate market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Formoterol fumarate market
Segment Market Analysis: Formoterol fumarate market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Formoterol fumarate market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Formoterol fumarate Market: Revenue and sales volume of major countries in each region
Formoterol fumarate Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Formoterol fumarate market in major regions.
Formoterol fumarate Industry Value Chain: Formoterol fumarate market raw materials & suppliers, manufacturing process, distributors, downstream customers
Formoterol fumarate Industry News, Policies & Regulations
Key players in the global Formoterol fumarate market are covered in Chapter 12:
Fu'an Pharmaceutical Group Ningbo Tianheng Pharmaceutical Co. Ltd.
AstraZeneca AB
Tianjin Lisheng
Chia Tai-Tianqing Pharmaceutical Holdings Co., Ltd.
In Chapter 2 and Chapter 15.1, based on types, the Formoterol fumarate market from 2018 to 2028 is primarily split into:
Tablet
Lnhalant
In Chapter 3 and Chapter 15.2, based on applications, the Formoterol fumarate market from 2018 to 2028 covers:
Hospital
Pharmacy
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Formoterol fumarate market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028