Pulmonary Drugs Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Pulmonary Drugs Market Report is Segmented by Drug Class (Beta-2 Agonists, and More), Mode of Delivery (Cloud-Based, and More), Indication (Asthma, COPD, and More), Route of Administration (Inhaled, Oral, and More), Distribution Channel (Hospital Pharmacies, and More), Geography (North America, Europe, Asia-Pacific, The Middle East and Africa, and South America). The Market Forecasts are Provided in Terms of Value (USD).

Pulmonary Drugs Market Size and Share

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Pulmonary Drugs Market Analysis by Mordor Intelligence

The pulmonary drugs market is valued at USD 18.55 billion in 2025 and is forecast to reach USD 24.62 billion by 2030, reflecting a 5.83% CAGR. Rising respiratory disease prevalence, an aging global population, and steady innovation in inhaled and biologic therapies are the main engines of growth. Demand also tracks worsening air quality, with the World Health Organization reporting that nearly the entire world lives in areas exceeding particulate-matter limits[1]World Health Organization, “Ambient Air Pollution: A Global Assessment,” who.int. At the same time, patient adherence technologies and eco-friendly propellants broaden product appeal, while patent expirations spur both generic competition and life-cycle management strategies. North America leads revenue generation, but Asia-Pacific shows stronger momentum as healthcare access expands and urban pollution intensifies.

Key Report Takeaways

  • By drug class, combination drugs led with 28.65% of pulmonary drugs market share in 2024; monoclonal antibodies are expected to grow at a 7.53% CAGR through 2030.
  • By indication, asthma accounted for 42.56% share of the pulmonary drugs market size in 2024, while allergic rhinitis is projected to advance at an 8.99% CAGR between 2025-2030.
  • By route of administration, inhaled formats controlled 72.45% of the pulmonary drugs market size in 2024; intranasal products are forecast to expand at an 8.78% CAGR.
  • By distribution channel, retail pharmacies held 48.23% revenue share in 2024; “other channels” (online, specialty, direct-to-patient) show the fastest CAGR at 8.53%.
  • By geography, North America captured 38.54% pulmonary drugs market share in 2024, while Asia-Pacific is growing at 6.54% CAGR through the forecast horizon.

Segment Analysis

By Drug Class: Combination Therapies Retain the Sales Lead

Combination inhalers generated 28.65% of pulmonary drugs market size in 2024, reinforcing clinician preference for multi-mechanism control of airflow limitation. Triple-therapy products like Breztri met Phase III asthma endpoints in 2025, signalling broader label opportunities and deeper formulary penetration. Beta-2 agonists and anticholinergics continue as backbone components inside these fixed-dose platforms, sustaining mature revenue bases. Monoclonal antibodies, though currently smaller in volume, clock a 7.53% CAGR, propelled by approvals in eosinophilic COPD and severe asthma. Corticosteroid monotherapies face modest growth as safety concerns shift interest toward targeted biologics. Anti-leukotrienes and antihistamines preserve niche use in pediatric and allergy-linked cases, while pipeline agents targeting novel inflammatory mediators foreshadow future competitive cycles. The diverse therapeutic arsenal underscores why the pulmonary drugs market remains competitive yet opportunity-rich.

Combination-therapy dominance also shapes manufacturing investment as firms upgrade fill-finish lines to accommodate dual canisters and triple-moiety dry-powder blends. Branded leaders hedge against generic erosion by bundling device innovations such as dose counters and adherence trackers. Meanwhile, monoclonal antibody producers scale up single-use bioreactors to reduce batch contamination risk and comply with evolving good-manufacturing-practice rules. The strategic mix of small-molecule inhalers and injectable biologics leaves purchasers juggling formulary rebates, which in turn shifts contracting power toward wholesalers well versed in complex negotiation.

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Note: Segment shares of all individual segments available upon report purchase

By Indication: Asthma Prevails While Allergic Rhinitis Gains Pace

Asthma contributed 42.56% of pulmonary drugs market share in 2024 due to its high prevalence and guideline-mandated long-term controller therapy. Biologics addressing Type 2 inflammation build on this base, offering step-up options for uncontrolled disease. COPD remains sizeable but still sees high unmet need for disease-modifying interventions, a gap partially closed by the 2024 approval of ensifentrine. Allergic rhinitis advances fastest at an 8.99% CAGR, supported by combo nasal sprays that merge antihistaminic and corticosteroid activity for rapid symptom relief. Pulmonary arterial hypertension commands premium pricing despite fewer patients, making it disproportionately lucrative. Cystic fibrosis treatments benefit from orphan incentives, though the overall pulmonary drugs market size in that subsegment stays limited by population. Emerging indications such as idiopathic pulmonary fibrosis inch forward as research unravels fibrosis-driving pathways, attracting early-stage venture funding.

Geographic treatment patterns differ: asthma biologic uptake climbs steadily in the United States and Germany, while COPD triple inhaler adoption outpaces elsewhere due to hospital-driven protocols. In Asia-Pacific, rhinitis therapy growth rides rising urban allergen exposure. Such regional nuances push manufacturers to tailor educational campaigns, reimbursement dossiers, and supply chains, reflecting the nuanced segmentation landscape inside the pulmonary drugs market.

By Route of Administration: Inhaled Platforms Stay Dominant Amid Nasal Momentum

Inhaled products accounted for 72.45% of pulmonary drugs market size in 2024 because they deliver medicine directly to disease sites and are familiar to prescribers. Dry-powder inhalers and metered-dose inhalers vie on simplicity, inspiratory flow requirements, and environmental footprint. Regulatory support for lower-GWP propellants is accelerating device refresh cycles, prompting branded suppliers to relaunch legacy molecules in greener formats. Intranasal delivery, with an 8.78% CAGR, garners attention after the 2025 approval of an epinephrine nasal spray for pediatric anaphylaxis. Needle-free and quick-onset characteristics appeal to patients, while payers weigh cost offset from avoided emergency visits.

Oral formulations maintain relevance for systemic effects when airway deposition is not critical or when patients cannot coordinate inhaler techniques. Injectable biologics grow in tandem with asthma and COPD antibody indications, though administration shifts toward at-home subcutaneous options to minimize clinic visits. Nascent modalities such as transdermal patches and pulmonary-delivered gene therapies remain inside the “other routes” bucket, where preclinical successes could redefine delivery norms. Patient-centric design and device training programs increasingly influence formulary inclusion, emphasizing convenience alongside efficacy within the broad pulmonary drugs market.

Pulmonary Drugs Market
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Note: Segment shares of all individual segments available upon report purchase

By Distribution Channel: Retail Pharmacy Leads During Digital Transition

Retail outlets dispensed 48.23% of 2024 sales as chronic users rely on neighborhood pharmacists for refills and counseling. Medication therapy management programs drive adherence, lowering exacerbation rates and reinforcing channel loyalty. Specialty pharmacies, although smaller, rise rapidly on the back of biologic adoption, offering cold-chain logistics and nurse-run injection training. Hospitals focus on acute exacerbation therapy and initiation of complex agents, then often transition patients to retail or specialty settings for maintenance. “Other channels” such as online pharmacies and direct-to-consumer delivery achieve an 8.53% CAGR, propelled by telehealth growth, mail-order convenience, and price transparency.

Consolidation among pharmacy benefit managers continues to reshape bargaining power. Digital ordering portals integrate with electronic health records, automating prior authorizations and accelerating fulfillment. As omnichannel models mature, manufacturers must align trade terms across brick-and-mortar and e-commerce while preventing parallel trade, safeguarding both volume and pricing integrity across the pulmonary drugs market.

Geography Analysis

North America retained 38.54% of 2024 revenue, buoyed by high biologic uptake and favorable reimbursement structures. U.S. Medicare redesigns for 2025 introduce negotiated ceiling prices, increasing payer leverage yet promising broader affordability once drugs qualify for negotiation. Canadian provinces expand biologic coverage, though tendering keeps net prices under pressure. The region also drives device innovation, with several FDA-de novo clearances for smart inhalers shaping clinical expectations.

Europe remains a core market characterized by universal coverage and stringent cost-effectiveness rules. Germany, the United Kingdom, and France collectively command the largest slice of regional spending, underpinned by aging demographics and strong environmental policies aimed at cutting particulate emissions. Pan-EU initiatives streamline approval pathways, easing multi-country launches and shortening time-to-market. However, reference-pricing frameworks limit high list prices, directing manufacturers toward outcomes-based contracts, particularly for biologics.

Asia-Pacific records the fastest 6.54% CAGR through 2030. Rapid urbanization and coal-heavy power generation worsen air-quality metrics, expanding the patient pool. China invests in local production of inhaled generics to curb import dependence, although premium biologics still rely on multinational supply. India’s domestic industry scales up dry-powder inhaler output, supporting both export and local demand. Japanese guidelines widen indications for triple therapy, spurring prescription growth, while Australia funds remote-monitoring pilots to serve rural COPD patients. Southeast Asian countries improve reimbursement, yet affordability remains a hurdle, leaving room for tiered-pricing strategies across the pulmonary drugs market.

Pulmonary Drugs Market
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Competitive Landscape

Large multinationals dominate the mid-to-high price tiers, leveraging patent portfolios, salesforces, and regulatory experience. AstraZeneca targets USD 80 billion companywide revenue by 2030, with respiratory therapies as a core pillar, underpinned by Breztri, Fasenra, and a late-stage IL-33 antibody. GSK expands its biologic footprint after acquiring Aiolos Bio, complementing the strong uptake of Trelegy inhaler and Nucala injectable. Sanofi bolsters rare disease depth through its Inhibrx deal, positioning recombinant alpha-1 antitrypsin for pivotal trials. These acquisitions illustrate the reliance on bolt-on deals to fill pipeline gaps.

Smart-device partnerships emerge as a differentiator. GSK collaborates with Propeller Health for connected inhalers, while smaller digital startups offer analytics dashboards to flag non-adherence. Yet commercialization hurdles remain: Teva withdrew its Digihaler line in 2024, citing low uptake despite positive feedback on clinical utility. Patent cliffs trigger defensive strategies. Innovators re-patent device mechanisms, pursue pediatric extensions, and invest in greener propellants to justify new codes. Generic challengers concentrate on off-patent corticosteroids and dual bronchodilators, but device replication complexity prolongs market entry.

Regional manufacturers compete on cost leadership, supplying branded generics in emerging markets. Indian contract development organisations gain share in dry-powder formulations, while Chinese firms partner with Western companies for antibody fill-finish work. Mid-size biotechs focus on niche pathways such as neutrophil elastase inhibition and T-cell checkpoint modulation, aiming for orphan designations that expedite review. Venture funding stays healthy, partly because the pulmonary drugs market offers multiple subsegments with distinct risk-return profiles, balancing monoclonal scale-up cost against the simpler economics of fixed-dose bronchodilators.

Pulmonary Drugs Industry Leaders

  1. GlaxoSmithKline plc

  2. AstraZeneca plc

  3. Boehringer Ingelheim GmbH

  4. Novartis AG

  5. F. Hoffmann-La Roche Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Pulmonary Drugs Market Concentration
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Recent Industry Developments

  • May 2025: AstraZeneca reported positive KALOS and LOGOS Phase III data for Breztri in asthma, supporting label expansion beyond COPD.
  • May 2025: GSK secured FDA approval for Nucala (mepolizumab) in COPD, marking the first anti-IL-5 biologic for this indication.
  • March 2025: FDA approved Neffy epinephrine nasal spray for severe allergic reactions in children aged 4+, the first needle-free epinephrine option.
  • February 2025: GSK acquired Aiolos Bio for USD 1.4 billion, adding a long-acting anti-TSLP antibody to its respiratory pipeline.
  • January 2025: Sanofi finalized a USD 2.2 billion acquisition of Inhibrx, gaining INBRX-101 for alpha-1 antitrypsin deficiency.
  • September 2024: Molex agreed to purchase Vectura Group to extend inhalation drug-delivery capabilities.

Table of Contents for Pulmonary Drugs Industry Report

1. Introduction

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Growing Burden of Respiratory Diseases
    • 4.2.2 Aging Global Population
    • 4.2.3 Technological Advancements in Inhalation Therapies
    • 4.2.4 Increasing Environmental Risk Factors
    • 4.2.5 Rising Adoption of Biologic Therapies
    • 4.2.6 Expansion of Digital Health and Remote Monitoring Solutions
  • 4.3 Market Restraints
    • 4.3.1 Stringent Regulatory Framework
    • 4.3.2 Adverse Effects and Safety Concerns
    • 4.3.3 Escalating Pricing and Reimbursement Pressures
    • 4.3.4 Patent Expiry and Generic Competition
  • 4.4 Regulatory Landscape
  • 4.5 Porter's Five Forces Analysis
    • 4.5.1 Threat Of New Entrants
    • 4.5.2 Bargaining Power Of Buyers
    • 4.5.3 Bargaining Power Of Suppliers
    • 4.5.4 Threat Of Substitutes
    • 4.5.5 Competitive Rivalry

5. Market Size & Growth Forecasts (Value, USD)

  • 5.1 By Drug Class
    • 5.1.1 Beta-2 Agonists
    • 5.1.2 Anticholinergic Agents
    • 5.1.3 Oral & Inhaled Corticosteroids
    • 5.1.4 Anti-Leukotrienes
    • 5.1.5 Antihistamines
    • 5.1.6 Monoclonal Antibodies
    • 5.1.7 Combination Drugs
    • 5.1.8 Other Drug Classess
  • 5.2 By Indication
    • 5.2.1 Asthma
    • 5.2.2 COPD
    • 5.2.3 Allergic Rhinitis
    • 5.2.4 Pulmonary Arterial Hypertension
    • 5.2.5 Cystic Fibrosis
    • 5.2.6 Other Indications
  • 5.3 By Route of Administration
    • 5.3.1 Inhaled
    • 5.3.2 Oral
    • 5.3.3 Injectable/IV/Sub-Cutaneous
    • 5.3.4 Intranasal
    • 5.3.5 Other Route of Administrations
  • 5.4 By Distribution Channel
    • 5.4.1 Hospital Pharmacies
    • 5.4.2 Retail Pharmacies
    • 5.4.3 Other Distribution Channels
  • 5.5 Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
    • 5.5.2 Europe
    • 5.5.2.1 Germany
    • 5.5.2.2 United Kingdom
    • 5.5.2.3 France
    • 5.5.2.4 Italy
    • 5.5.2.5 Spain
    • 5.5.2.6 Rest of Europe
    • 5.5.3 Asia-Pacific
    • 5.5.3.1 China
    • 5.5.3.2 Japan
    • 5.5.3.3 India
    • 5.5.3.4 Australia
    • 5.5.3.5 South Korea
    • 5.5.3.6 Rest of Asia-Pacific
    • 5.5.4 Middle East & Africa
    • 5.5.4.1 GCC
    • 5.5.4.2 South Africa
    • 5.5.4.3 Rest of Middle East & Africa
    • 5.5.5 South America
    • 5.5.5.1 Brazil
    • 5.5.5.2 Argentina
    • 5.5.5.3 Rest of South America

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)
    • 6.3.1 AstraZeneca PLC
    • 6.3.2 GlaxoSmithKline PLC
    • 6.3.3 Boehringer Ingelheim GmbH
    • 6.3.4 F. Hoffmann-La Roche Ltd.
    • 6.3.5 Novartis AG
    • 6.3.6 Pfizer Inc.
    • 6.3.7 Sanofi SA
    • 6.3.8 Merck & Co., Inc.
    • 6.3.9 Teva Pharmaceutical Industries Ltd.
    • 6.3.10 Regeneron Pharmaceuticals Inc.
    • 6.3.11 Chiesi Farmaceutici S.p.A.
    • 6.3.12 Circassia Group Plc
    • 6.3.13 Sumitomo Dainippon Pharma Co., Ltd.
    • 6.3.14 Viatris Inc.
    • 6.3.15 Cipla Ltd.
    • 6.3.16 Grifols S.A.
    • 6.3.17 Sunovion Pharmaceuticals Inc.
    • 6.3.18 Mylan NV
    • 6.3.19 Takeda Pharmaceutical Company Ltd.
    • 6.3.20 Vertex Pharmaceuticals Inc.

7. Market Opportunities & Future Outlook

  • 7.1 White-Space & Unmet-Need Assessment
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Global Pulmonary Drugs Market Report Scope

As per the scope of the report, pulmonary diseases refer to the types of diseases that affect the lungs and other parts of the respiratory system. Pulmonary diseases may be caused by infection, by smoking tobacco, or by breathing in secondhand tobacco smoke, radon, asbestos, or other forms of air pollution. Pulmonary drugs are the branch of medicine that deals with the causes, diagnosis, prevention, and treatment of such pulmonary diseases. The Pulmonary Drugs Market is segmented by Drug Class (Beta-2 Agonists, Anticholinergic Agents, Oral and Inhaled Corticosteroids, Anti-leukotrienes, Antihistamines, Monoclonal Antibodies, Combination Drugs, and others), Indication (Asthma, COPD (Chronic Obstructive Pulmonary Disease), Allergic Rhinitis, Pulmonary Arterial Hypertension, Cystic Fibrosis, and Others), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.

By Drug Class Beta-2 Agonists
Anticholinergic Agents
Oral & Inhaled Corticosteroids
Anti-Leukotrienes
Antihistamines
Monoclonal Antibodies
Combination Drugs
Other Drug Classess
By Indication Asthma
COPD
Allergic Rhinitis
Pulmonary Arterial Hypertension
Cystic Fibrosis
Other Indications
By Route of Administration Inhaled
Oral
Injectable/IV/Sub-Cutaneous
Intranasal
Other Route of Administrations
By Distribution Channel Hospital Pharmacies
Retail Pharmacies
Other Distribution Channels
Geography North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa GCC
South Africa
Rest of Middle East & Africa
South America Brazil
Argentina
Rest of South America
By Drug Class
Beta-2 Agonists
Anticholinergic Agents
Oral & Inhaled Corticosteroids
Anti-Leukotrienes
Antihistamines
Monoclonal Antibodies
Combination Drugs
Other Drug Classess
By Indication
Asthma
COPD
Allergic Rhinitis
Pulmonary Arterial Hypertension
Cystic Fibrosis
Other Indications
By Route of Administration
Inhaled
Oral
Injectable/IV/Sub-Cutaneous
Intranasal
Other Route of Administrations
By Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Other Distribution Channels
Geography
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa GCC
South Africa
Rest of Middle East & Africa
South America Brazil
Argentina
Rest of South America
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Key Questions Answered in the Report

What is the current value of the pulmonary drugs market?

The pulmonary drugs market is valued at USD 18.55 billion in 2025.

How fast is the pulmonary drugs market expected to grow?

The market is projected to expand at a 5.83% CAGR, reaching USD 24.62 billion by 2030.

Which drug class holds the largest pulmonary drugs market share?

Combination inhalers lead with 28.65% share as of 2024.

Which region will grow fastest through 2030?

Asia-Pacific is forecast to grow at a 6.54% CAGR, outpacing other regions.

Why are biologics gaining traction in respiratory care?

Monoclonal antibodies provide targeted inflammation control and have secured recent approvals for severe asthma and COPD, driving a 7.53% CAGR for this segment.

How are smart inhalers influencing patient outcomes?

Connected inhalers track real-time adherence, enable data-driven interventions, and have demonstrated reduced exacerbation rates in early adopter programs.

Pulmonary Drugs Market Report Snapshots