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Advancements in inhalation technology have transformed the delivery and efficacy of inhalable drugs, leading to substantial improvements in patient outcomes and treatment adherence. Innovations in particle engineering and formulation techniques, alongside the evolution of smart inhalers, which is estimated to reach USD 3.3 billion by 2032, and personalized medicine approaches, have played pivotal roles. These advancements have not only enhanced drug delivery efficiency but also empowered patients with increased convenience and greater control over their healthcare decisions.
AstraZeneca Plc, C.H. Boehringer Sohn AG & Co. KG., CHIESI Farmaceutici S.p.A., Cipla Limited, GSK plc, MannKind Corporation, Merck & Co., Inc., Mundipharma International., Novartis AG, and Pfizer Inc., among others.
U.S. inhalable drugs market is projected to reach USD 21.8 billion by 2032 due to increasing pharmaceutical and biotechnological innovation and rising investment in R&D.
The respiratory diseases segment in the market recorded USD 24.2 billion in 2023 due to targeted lung delivery, rapid onset, and improving efficacy.
Global inhalable drugs industry was valued at USD 33.4 billion in 2023 and is anticipated to register 6.8% CAGR between 2024 and 2032 due to the increasing prevalence of respiratory diseases and advancements in inhalation technology.