The obliterative bronchiolitis market is expected to witness market growth at a rate of 5.10% in the forecast period of 2021 to 2028. Data Bridge Market Research report on obliterative bronchiolitis market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the prevalence of various lung disorders is escalating the growth of obliterative bronchiolitis market.
Bronchiolitis obliterans, also called obliterative bronchiolitis or constrictive bronchiolitis, refers to a rare type of obstructive lung disease of the small airways. The disorder shows fibrosis of terminal and distal bronchioles and spirometry displaying airflow obstruction as its characteristics and further leads to improper functioning of lungs. The lung disorder is called bronchiolitis obliterans syndrome, if it occurs after lung transplantation or hematopoietic stem cell transplantation (HSCT) and has different outcomes.
The increase in the number of patients suffering from the obliterative bronchiolitis across the globe, acts as one of the major factors driving the growth of obliterative bronchiolitis market. The rise in the incidences of various osteoarticular diseases such as arthritis and rheumatoid arthritis among others, and chronic disorder of the lung such as asthma, COPD and others accelerate the market growth. The ongoing development for enhancing the diagnostic techniques and therapies, and growth in awareness regarding the lung diseases among population, further influence the market.
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North America and Europe dominate the obliterative bronchiolitis market due to the high prevalence rate of bronchiolitis obliterans, technological advancement in diagnostic test and favorable initiative taken by the federal government within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the increase in the healthcare infrastructure and economic growth in the region.
The major players covered in the obliterative bronchiolitis market report are Lily., Sanofi, Endo International plc, Allergan, Johnson Johnson Private Limited, Pfizer Inc., Purdue Pharma L.P., Teva Pharmaceutical Industries Ltd., Sumitomo Corporation, Novartis AG, GlaxoSmithKline plc., Merck KGaA, Cipla Inc., and AstraZeneca among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.
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