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Asthma and COPD Medicines Market Trends and Companies

Asthma and COPD Medicines Market Investment Outlook 2025

The asthma and COPD medicines market is growing due to the increasing prevalence of these diseases, driven by smoking and pollution, and an increasing and aging worldwide population. North America is dominant in the market due to government support and advanced healthcare infrastructure.

Category: Therapeutic Area Insight Code: 6319 Format: PDF / PPT / Excel

Asthma and COPD Medicines Market Size, Growth and Top Key Players

The asthma and COPD medicines market is on an upward trajectory, poised to generate substantial revenue growth, potentially climbing into the hundreds of millions over the forecast years from 2025 to 2034. This surge is attributed to evolving consumer preferences and technological advancements reshaping the industry.

The asthma and COPD medicines market is growing because of the rising prevalence of respiratory diseases, air pollution, and an aging population. Significant treatments include bronchodilators, corticosteroids, and combination therapies delivered via inhalers and nebulizers. North America is dominated by major pharmaceutical companies that are investing in innovative drug formulations and digital inhaler technologies, Asia Pacific fastest-growing as increasing healthcare access.

Key Takeaways

  • By region, North America was dominant in the asthma and COPD medicines market in 2024, with approximately 45% share.
  • By region, the Asia Pacific is expected to be the fastest-growing over the forecast period, 2025 to 2034.
  • By drug class, the combination therapies segment was dominant in 2024, with approximately 40% share.
  • By drug class, the monoclonal antibodies/biologics segment is expected to be the fastest-growing over the forecast period, 2025 to 2034.
  • By mechanism of action, the anti-inflammatory segment was dominant in 2024, with approximately 45% share.
  • By mechanism of action, the targeted biologic therapy segment is expected to be the fastest-growing over the forecast period, 2025 to 2034.
  • By dosage form, the inhalers (MDI / DPI) segment was dominant in 2024, with approximately 50% share.
  • By dosage form, the injectable/infusion segment is expected to be the fastest-growing over the forecast period, 2025 to 2034.
  • By patient type, the adult segment was dominant in 2024, with approximately 60% share.
  • By patient type, the pediatric/adolescent segment is expected to be the fastest-growing over the forecast period, 2025 to 2034.

What are Asthma and COPD Medicines?

The asthma and COPD medicines market encompasses pharmacological therapies aimed at managing chronic respiratory conditions by reducing airway inflammation, preventing exacerbations, and improving lung function. Key drug classes include inhaled corticosteroids (ICS), long-acting beta-agonists (LABA), long-acting muscarinic antagonists (LAMA), combination therapies, leukotriene receptor antagonists (LTRAs), monoclonal antibodies, and novel biologics.

Market growth is driven by increasing prevalence of asthma and COPD worldwide, rising adoption of combination inhalers, expansion of personalized therapies, and government initiatives promoting chronic respiratory disease management. Technological advancements in inhalation devices, digital monitoring, and formulation improvements, combined with ongoing R&D for next-generation biologics and small molecules, further support the adoption of these medicines across hospitals, specialty clinics, and retail pharmacies globally.

Major Investment by Healthcare Organizations in 2025

Company Investment
Lupin In October 2025, Lupin invested $250 million, including research & development, infrastructure, and capital expenditures over five years. The new site will have the capacity to accommodate the production of more than 25 critical respiratory medicines, including lifesaving albuterol inhalers.
Merck In October 2025, Merck's $10 billion acquisition of Verona Pharma strengthens its respiratory therapy offerings.
GSK's In January 2024, GSK is paying $1.4 billion to acquire Aiolos Bio Inc., aiming to expand its severe asthma treatment capabilities.

Asthma and COPD Medicines Market Outlook

  • Industry Growth Overview: Between 2025 and 2030, the market is expected to grow, driven by some significant factors, including the growing prevalence of asthma and COPD, increasing awareness of respiratory health, and development in drug delivery systems and treatment, particularly biologics and combination therapy.
  • Sustainability Trends:  Recent sustainability trends lowering the environmental impact of inhalers, enhancing patient care through digital health. National health systems, like the UK's National Health Service (NHS), are encouraging green prescribing to encourage physicians to switch to lower-carbon inhalers when clinically appropriate.
  • Major Investors: Major investors are several large pharmaceutical and healthcare organizations. These entities are major investors in their R&D, acquisitions, and market presence. It comprises AstraZeneca Plc, GlaxoSmithKline Plc, Boehringer Ingelheim International GmbH, Merck & Co., Inc., and many others.

What is the role of AI in the Market?

Integration of AI in asthma and COPD medicines drives the growth of the market, as AI-based technology, specifically ML, improves asthma management by analyzing data from wearables and patient records to envisage exacerbations, stratify challenges, and inform targeted treatment. Major research demonstrates AI-driven technology can recommend tailored interventions, monitor adherence by digital applications, and drive real-time treatment adjustments. AI-driven technology offered models with a precision of 68% to distinguish among asthma, COPD, and their overlap (ACO), and predict the overall accuracy of the disease. As these technologies continue to progress, they promise to be a keystone of future respiratory disease treatment, improving healthcare results and converting the inclusive healthcare experience of patients with asthma and COPD.

Government initiatives in Asthma and COPD Medicine

  • In May 2025, the American Lung Association is joining with the American College of Chest Physicians (CHEST) to announce the opening of applications for the CHEST/ALA Guideline Implementation Research Grant for Chronic Obstructive Pulmonary Disease (COPD) Management. This special funding opportunity honors the Lung Association’s long-standing legacy of advancing lung health through science-based public health and clinical initiatives.
  • In February 2025, the Government launched an intensified NCD screening campaign to cover all citizens aged 30 and above. The campaign focuses on door-to-door outreach, with trained healthcare workers ensuring that screening services reach individuals directly in their homes. The campaign focuses on door-to-door outreach, with trained healthcare workers ensuring that screening services reach individuals directly in their homes.

Segmental Insights

Why the Combination Therapies Segment Dominated the Market?

In drug class, the combination therapies segment led the asthma and COPD medicines market with approximately 40% share, as combination therapies in asthma are convenient to use, confirm that the ICS is not discontinued when a nebulizer is used, and are affordable. Combination therapy devices also support individualized strategies to asthma treatment and lower the complexity of treatment. It serves not only as maintenance but also as a reliever therapy with the same effectiveness as the short-acting beta agonists (SABA).

On the other hand, the monoclonal antibodies/biologics segment is projected to experience the fastest CAGR from 2025 to 2034, as people with moderate-to-serious asthma are treated using a different type of monoclonal antibodies that target key inflammatory cytokines elaborate in disease pathogenesis. Management with anti-IgE better asthma control and lowers the serious exacerbations in patients with severe asthma and raised serum IgE levels. mAbs are the medications that target exact proteins to help lower inflammation in patients with severe asthma.

Why the Anti-Inflammatory Segment Dominated the Market?

By mechanism of action, the anti-inflammatory segment led the asthma and COPD medicines market in 2024 with approximately 45% share, as anti-inflammatory medications are the significant treatment choice for patients with asthma; they help stop the process that causes asthma attacks. Anti-inflammatory drugs include corticosteroids that are inhaled directly into the lungs or that are systemic. Mast cell stabilizers and leukotriene transformers are medicines that work inversely and help enhance the anti-inflammatory action of corticosteroids.

On the other hand, the targeted biologic therapy segment is projected to experience the fastest CAGR from 2025 to 2034, as this type of therapy reduces asthma exacerbations, enhances lung function, lowers oral corticosteroid use, and improves quality of life in appropriate COPD patients. It targets particular cells in the body’s immune system, which cause inflammation in the lungs.

Why the Inhalers (MDI / DPI) Segment Dominated the Market?

By dosage form, the inhalers (MDI / DPI) segment led the asthma and COPD medicines market in 2024 with approximately 50% share, as inhalers are an efficient way of carrying drugs to small airways. This lowers systemic or entire-body effects. A minor dose is needed using an inhaler rather than an oral steroid. Inhalers are both safe and affordable. Types include dry powder, metered-dose, and soft mist inhalers. They are generally used to treat asthma and COPD.

On the other hand, the injectable/infusion segment is projected to experience the fastest CAGR from 2025 to 2034, as applications of biologic therapy delivered through IV infusion support patients in lessening airway inflammation, preventing attacks of asthma, and enhancing lung function; often, traditional therapies are no longer sufficient.  Infusion therapy for asthma management shows a targeted, biologic treatment choice that tackles the original causes of inflammation, not just the symptoms. Use of intravenous therapy with many nutrients, containing magnesium, for acute and chronic asthma provides considerable advantages.

Why the Adult Segment Dominated the Market?

By patient type, the adult segment led the asthma and COPD medicines market in 2024 with approximately 60% share, as treating asthma in adults provides significant advantages for both short-term symptom relief and chronic asthma and COPD, mainly by controlling the chronic airway inflammation that is the main cause of the disease.

On the other hand, the pediatric/adolescent segment is projected to experience the fastest CAGR from 2025 to 2034, as managing asthma and COPD in pediatric and adolescent patients in early stages provides a better quality of life, enabling normal physical activity and school attendance, and lowering the challenges of serious asthma attacks and hospitalizations.

Regional Insights

Why is North America dominant in the Market?

North America is dominant in the asthma and COPD medicines market in 2024, with approximately 45% share, due to the increase in research and development efforts aimed at creating new treatment choices. Growing prevalence of respiratory diseases and increasing demand for advanced therapies. North America possesses a well-organized healthcare system and significant insurance coverage, which enables earlier diagnosis and greater patient adoption of advanced treatments.

Why the U.S. Market is Dominating in North America?

In the U.S., increasing rates of tobacco smoking, as well as rising air pollution in urban areas, contribute to the high incidence of respiratory diseases in this region. In 2023, in the US, 19.2 million adults were diagnosed with asthma, and 12.8 million adults were diagnosed with COPD, which increases the demand for asthma and COPD medicine.

Canada Asthma and COPD Medicines Market Trends

In Canada, the strong presence of a robust, government-driven medical care system ensures extensive access to respiratory treatments. While the system moderates pricing, it simplifies public access to both novel therapies and generic substitutes.

Why is Asia Pacific the fastest-growing region in the Market?

Asia Pacific is the fastest-growing region in the asthma and COPD medicines market in the forecast period, due to rising disposable incomes and economic growth in the region, which has led to higher medical care investment. This includes spending on medications and novel treatments for long-term healthcare conditions. Major countries, such as China and India, are creating policies to inspire domestic manufacturing of progressive healthcare devices and therapies, which drives the growth of the market.

Asthma and COPD Medicines Market – Value Chain Analysis

R&D

The research and development (R&D) technology for asthma and COPD medicines mainly contains preclinical modeling, advanced clinical trial design, and sophisticated drug delivery methods.

Key Players: AstraZeneca and GSK

Clinical Trials

Clinical trials of asthma and COPD medicines involve pre-clinical and early-phase studies, exploratory trials, confirmatory trials, regulatory submission, and approval

Key Players: Boehringer Ingelheim and Novartis

Patient Services

Asthma and COPD medicines are mainly focused on comprehensive support, education, and disease management strategies to improve patient outcomes.

Key Players: Merck KGaA and Roche

Top Vendors and their Offering

  • AstraZeneca plc: In September 2025, AstraZeneca announced the launch of AstraZeneca Direct, an online platform designed to create a simple, convenient way for eligible patients to access their prescribed medications at a transparent cash price with home delivery. AstraZeneca Direct will support people living with chronic conditions such as asthma, diabetes, heart failure, and chronic kidney disease, and people seeking flu protection.
  • GlaxoSmithKline plc: In May 2025, GSK plc announced that the US Food and Drug Administration (FDA) had approved Nucala (mepolizumab) as an add-on maintenance treatment for adult patients with inadequately controlled COPD and an eosinophilic phenotype.
  • Merck & Co., Inc.: In July 2025, Merck, known as MSD outside of the United States and Canada, and Verona Pharma plc, a biopharmaceutical company focused on respiratory diseases, today announced that the companies have entered into a definitive agreement under which Merck, through a subsidiary, will acquire Verona Pharma for $107 per American Depository Share (ADS), each of which represents eight Verona Pharma ordinary shares, for a total transaction value of approximately $10 billion.

Top Companies in the Asthma and COPD Medicines Market

  • Teva Pharmaceutical Industries Ltd.
  • Boehringer Ingelheim GmbH
  • Novartis AG
  • Sanofi S.A.
  • Johnson & Johnson (Janssen Biotech)
  • Pfizer Inc.
  • Sun Pharmaceutical Industries Ltd.
  • Cipla Ltd.
  • Mylan N.V.
  • Chiesi Farmaceutici S.p.A.
  • Viatris, Inc.
  • Bayer AG 
  • Regeneron Pharmaceuticals, Inc.
  • Amgen Inc.
  • Kyowa Kirin Co., Ltd.
  • Samsung Bioepis Co., Ltd.
  • Boehringer Ingelheim / AstraZeneca Collaboration

Recent Developments in the Asthma and COPD Medicines Market

  • In May 2025, AstraZeneca’s Trixeo Aerosphere, already licensed for the treatment of chronic obstructive pulmonary disease (COPD) in adults, has now been approved for use in the UK with an innovative, next-generation propellant with near-zero Global Warming Potential (GWP).1,2 This is the first medicine delivered by a pressurised metered-dose inhaler (pMDI) approved with the propellant that has 99.9% lower GWP than propellants used in currently available pMDIs.
  • In January 2025, Novo Holdings, a leading life science investor, announced that it had invested in a $200M Series A launch financing for Windward Bio. Headquartered in Switzerland, Windward Bio is a clinical-stage drug development company committed to improving outcomes for people living with advanced immunological diseases, with an initial focus on severe respiratory conditions.
  • In October 2025, MannKind Corporation completed the previously announced acquisition of Pharmaceuticals Inc. The acquisition of scPharmaceuticals is expected to diversify and accelerate MannKind’s double-digit revenue growth, driven by FUROSCIX, an innovative therapy for edema due to chronic heart failure and chronic kidney disease.

Segments Covered in the Report

By Drug Class

  • Inhaled Corticosteroids (ICS)
  • Long-Acting Beta-Agonists (LABA)
  • Long-Acting Muscarinic Antagonists (LAMA)
  • Combination Therapies
  • ICS + LABA
  • LABA + LAMA
  • ICS + LABA + LAMA
  • Leukotriene Receptor Antagonists (LTRAs)
  • Monoclonal Antibodies / Biologics
  • Phosphodiesterase-4 Inhibitors
  • Other Emerging Therapeutics

By Mechanism of Action

  • Anti-Inflammatory
  • Bronchodilator
  • Immunomodulatory
  • Combination / Multi-Mechanism
  • Targeted Biologic Therapy

By Dosage Form

  • Inhalers
  • Metered-Dose Inhalers (MDI)
  • Dry Powder Inhalers (DPI)
  • Soft Mist Inhalers
  • Nebulizers
  • Oral Tablets / Capsules
  • Injectable / Infusion (Monoclonal Antibodies / Biologics)

By Patient Type

  • Adult (18–64 years)
  • Pediatric / Adolescent (<18 years)
  • Geriatric (≥65 years)

By Region 

  • North America
    • U.S.
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait

Tags

  • Last Updated: 15 October 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Shivani Zoting is a dedicated research analyst specializing in the healthcare industry. With a strong academic foundation, a B.Sc. in Biotechnology and an MBA in Pharmabiotechnology, she brings a unique blend of scientific understanding and strategy.

Learn more about Shivani Zoting

Aditi Shivarkar is a seasoned professional with over 14 years of experience in healthcare market research. As a content reviewer, Aditi plays a critical role in ensuring the quality and accuracy of all market insights and data presented by the research team.

Learn more about Aditi Shivarkar

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FAQ's

The asthma and COPD medicines market is on the rise, with revenue growth fueled by evolving consumer trends and new technology advancements over the forecast period.

North America is currently leading the asthma and COPD medicines market due to high disease prevalence and a well-established healthcare infrastructure.

The asthma and COPD medicines market includes five segments by drug class, by mechanism of action, by dosage form, by patient type, and by region.

Chronic obstructive pulmonary disease (COPD) is a common lung disease causing restricted airflow and breathing problems. It is sometimes called emphysema or chronic bronchitis.

Ministry of Health and Family Welfare, FDA, WHO, PIB, CDC.