Research Nester’s recent market research analysis on “Asbestosis Treatment Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitor’s analysis and a detailed overview of the global asbestosis treatment market in terms of market segmentation by type, mechanism of action, drugs, diagnosis, route of administration, distribution channel and by region.

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Rising Population in Mining Sector to Promote Global Market Share of Asbestosis Treatment Market

The global asbestosis treatment market is estimated to grow majorly on account of number of people working in mining sector, working underground having poor ventilation with very limited air space. The Mine Safety and Health Administration has set safety regulations to protect workers but the risk after following all the precautions is still not zero. The agency has set asbestosis acceptable exposure limit 0.1 fibers which is applied to all the individuals working underground and in surface mines for metals, non-metals and coal. For instance, a report published states that according to Occupational Safety and Health Administration more than 500,000 employees working with asbestos products which resulted in rapid asbestosis treatment sector growth.

Some of the major growth factors and challenges that are associated with the growth of the global asbestosis treatment market are:

Growth Drivers:

Awareness of asbestosis exposure is growing among individuals contributing to development of effective therapies and given rise to efforts to diagnose and treat this disease.
Emerging advancements for early detection of asbestosis.
Challenges:

After the pandemic hit, the asbestosis treatment market has reduced significantly. Healthcare systems and resources redirected towards the urgent need of covid-19 patients which resulted in delayed diagnosis and treatment. Disturbance in supply chain and the limitations set for non-essential medical services has made the treatment less accessible to patients. High expenses and delayed diagnosis are factors that are limiting asbestosis treatment market growth.

By drugs, the global market is segmented into salbutamol, guaifenesin, acetaminophen and prednisone. The prednisone segment is to garner a highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. Prednisone is a glucocorticoid derived synthetically and used in reducing the inflammation and debilitate immune system. Prednisone is converted into prednisolone by liver, which is active component of medicine. Prednisone does not show any biological effects before its conversion into prednisolone by using hepatic mechanism. The use of prednisone is expected to rise significantly in the forecast period. In 2012, Food and Administration Drug (FDA) approved prednisone. It is given for a shorter period to reduce the inflammation in asthma patients by acting on the immune system.

By region, Asia Pacific asbestosis treatment market is expected to generate significant revenue by the end of 2036. This growth is anticipated by exposure of asbestosis compounds due to rapid increase in mining activities in developing countries. World Health Organization states that around 125 million people around the world are exposed asbestos annually while mining. Public and medical healthcare experts are becoming more aware of the health concern caused by asbestosis. According to Union Aid Abroad 2023, 14 countries of the Asia Pacific region including India, Indonesia, Vietnam and Thailand, have agreed to work together in order to prevent asbestos-related diseases and to promote change from using the asbestos products to safer alternative products. Medical advancements in screening and early diagnosis are efficient ways to fight with disease.

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