Bronchiectasis Therapeutic Market size is expected to cross USD 3 Billion by the end of 2036, growing at a CAGR of 6% during the forecast period i.e., 2024-2036. In the year 2023, the industry size of bronchiectasis therapeutic was over USD 500 Million. The global market for therapies for bronchiectasis is anticipated to increase at a faster rate due to the rising prevalence of respiratory illnesses. The primary driver of the market growth is the accessibility of inexpensive medications, or off-label generics, in both developed and developing nations. An additional piece of evidence supporting the significant contribution of chronic respiratory disorders to premature morbidity and death is the fact that reports state that approximately 545 million people worldwide, or 7·4% of the total population, currently live with a chronic respiratory ailment.
One major factor propelling the bronchiectasis therapeutic market is the accessibility of inexpensive off-label generics in both developed and developing countries. The supply of affordable off-label generics in both developed and developing countries is a major factor propelling the market for bronchiectasis treatment's revenue growth. The same active ingredient is found in both branded and generic pharmaceuticals, although generics are more affordable than novel pharmaceuticals.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024 - 2036 |
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CAGR |
~6% |
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Base Year Market Size (2023) |
~USD 500 Million |
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Forecast Year Market Size (2036) |
~USD 3 Billion |
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Regional Scope |
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Product Type (Antibiotics, Expectorants)
Based on type, the antibiotic segment in the bronchiectasis therapeutic market is set to hold the highest CAGR of 70% during the forecast period 2024-2036. The growth of this market can be primarily attributed to the back of increasing prevalence of respiratory disorders. As healthcare providers become more aware of the risks of antibiotic overuse, there is a growing demand for targeted antibiotic therapy that is specific to the bacteria causing the infection. Pharmaceutical companies are developing new antibiotics that are specifically designed to treat bacterial infections in patients with bronchiectasis.
Distribution Channel (Hospital, Online, Retail Pharmacies)
In terms of distribution channels, the online pharmacy segment in the bronchiectasis therapeutic market is set to hold the highest CAGR of 50% during the forecast period. Online pharmacies offer patients the convenience of ordering their medication from home and having it delivered directly to their door. This can be especially helpful for patients with bronchiectasis who may have difficulty traveling to a physical pharmacy owing to their symptoms. Online pharmacies can often offer lower prices on medications than traditional brick-and-mortar pharmacies. This is because they have lower overhead costs and can negotiate better deals with drug manufacturers. This segment rapidly grew during the COVID-19 pandemic period as well. CVS Health reported a rise of 1000% in online sales of prescription drugs in covid time.
Our in-depth analysis of the global bronchiectasis therapeutic market includes the following segments:
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Product Type |
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Distribution Channel |
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North American Market Forecasts
The North American region is set to dominate the bronchiectasis therapeutic market by growing at 35% during the forecast period. Due to the increasing prevalence of bronchiectasis, increased R&D activity in the field of drug development, and technological progress in the treatment of bronchiectasis, North America is expected to dominate the global market. In the United States, Bronchiectasis is a disease affecting 350,000 to 500,000 adults. With age, the risk of developing bronchiectasis is increased. Bronchiectasis is more commonly seen in women than men. There are many causes of bronchiectasis, but the cause is not known in about 40% of cases.
APAC Market Statistics
The bronchiectasis therapeutic market in the Asia Pacific is set to grow significantly during the forecast period. As bronchiectasis is a chronic condition that should be treated with lifelong therapy, it is expected to grow more rapidly during the forecast period. The overall cost of the treatment for bronchiectasis is huge, and some healthcare systems are starting to take account of this. In addition, there is an increase in the number of respiratory disorders and a growing aging population. Moreover, Japan is driving the Asia Pacific bronchiectasis therapeutic market revenue growth due to technological advances in the diagnosis and treatment of respiratory disorders as well as a dominant healthcare sector that subsequently raises regional revenues.
Author Credits: Radhika Gupta, Shivam Bhutani
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