The Business Research Company's Tezspire Global Market Report 2025 – Market Size, Trends, And Global Forecast 2025-2034
What Can We Expect From The Tezspire Market In The Coming Years?
The tezspire market is set for a forecast compound annual growth rate FCAGR of XX%. Consequently, this market is predicted to grow to $XX million by 2029. The forecast period growth can be attributed to the expansion of pediatric indications, growing diagnosis rates of asthma, increasing adoption of biologics in asthma care, and rising healthcare expenditure in emerging markets. A shift toward biologic therapies, early intervention and prevention, and a rise in subcutaneous self-administration treatments, along with the adoption of digital health solutions in asthma management, and greater patient-centric treatment models constitute the major trends in the forecasted period.
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How Is The Rising Prevalence Of Asthma Driving The Tezspire Market?
Asthma, a chronic respiratory condition characterized by inflammation and narrowing of the airways leading to difficulty in breathing, is on the rise. The increasing prevalence of asthma, driven partly by increased environmental pollution and lifestyle changes, is expected to propel the growth of the tezspire market. Tezspire, a targeted biologic treatment, helps manage severe asthma by inhibiting a key protein involved in inflammation, thereby reducing exacerbations and offering relief to patients unresponsive to traditional therapies. One stark illustration of this is the Greater London Authority's report showing that in 2021/22, over 3,600 children were hospitalized due to asthma in London, a significant 64 percent rise compared to the previous year. Consequently, the increased prevalence of asthma is a major driving force behind the growth of the tezspire market.
Who Are The Key Players In The Tezspire Market?
Prominent players in the tezspire market include AstraZeneca plc and Amgen Inc. These companies have both made significant contributions to the development and expansion of the market and adopt strategic initiatives to maintain their competitiveness.
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What Are The Emerging Trends In The Tezspire Market?
A key trend in the tezspire market is the gaining of regulatory approvals for broader indications, particularly in asthma and other chronic inflammatory conditions. For example, in February 2023, AstraZeneca plc., a UK-based pharmaceutical company, received approval for Tezspire for self-administration using a new pre-filled pen for patients aged 12 and older with severe asthma, in collaboration with Amgen Inc. This decision allows patients to administer the medication at home after receiving proper training, bringing more convenience to patients and their caregivers.
How Is The Tezspire Market Segmented?
The tezspire market features various segments, including:
1 By Indication: Asthma; Chronic Obstructive Pulmonary Disease; Chronic Rhinosinusitis; Chronic Spontaneous Urticaria; Eosinophilic Esophagitis
2 By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Online Pharmacies
3 By End User: Adult Patients; Pediatric Patients
What Are The Regional Insights Into The Tezspire Market?
North America was the largest region in the tezspire market in 2024. The regions explored in the tezspire market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa, providing a diverse and comprehensive view of market performance in different parts of the globe.
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