Chronic Obstructive Pulmonary Disease (COPD) Market Research and Analysis 2023 to 2033
In 2023, the global Chronic Obstructive Pulmonary Disease (COPD) market is anticipated to be worth US$ 21.58 billion. With rising alcohol use, the global demand for Chronic Obstructive Pulmonary Disorder (COPD) is expected to expand at a CAGR of 4.4% between 2023 and 2033, totaling approximately US$ 33.19 billion by 2033. According to a study by the Global Burden of Disease (2016), performed by the Institute of Health Metrics and Evaluation, there are 251 million incidences of COPD globally. As per the World Health Organization, globally, approximately 200 million people were diagnosed with COPD in 2016. Moreover, rapid urbanization in developing countries in the Asia Pacific exposes the population to various forms of lung irritants that could be a major risk factor to cause COPD. Additionally, the World Health Organization (WHO) states that the most common cause of COPD is exposure to tobacco smoke both via first hand as well as second-hand smoking. This global increase in the pr...