Long-acting Beta-agonists Market Size

Long-acting Beta-agonists Market size was valued at USD 987.4 million in 2023 and is expected to reach USD 5.67 billion by 2036, expanding at around 14.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of long-acting beta-agonists is evaluated at USD 1.1 billion.

Beta-agonists are bronchodilator medicines that can relax the muscles around the airways and opens the airways, which are tightened during an asthma attack. Long-acting beta-agonists have a longer effect, which is up to 12 hours, as compared to the 4-5 hour effect of the regular beta-agonists. This longer lasting relief provide by the long-acting beta-agonists is estimated to boost their demand amongst the patients of nocturnal asthma, exercise-induced asthma, and COPD (chronic obstructive pulmonary disease). The growth of the market can be attributed to the increasing prevalence of COPD and asthma across the globe. According to the data by the World Health Organization (WHO), COPD is the third leading cause of death worldwide, which caused 3.23 million deaths in 2019. On the other hand, asthma caused 461,000 deaths in 2019, affecting over 262 million people in the same year. Moreover, the advancement in the field of medicine, and increasing demand for chronic respiratory disease treatment, are also estimated to boost the market growth. Apart from this, the prevalence of poor lifestyle, including consumption of tobacco, increased level of pollution, sedentary life, obesity, and higher exposure to allergens, which is leading to respiratory diseases, are also estimated to assist the market growth.