The rising epidemic of various cardiac diseases is prompting the increasing development of the market especially that of anti-hypertensive drugs. Market reports associated to the pharmaceutical industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is projected to attain revenues touching $ 38.9 billion by 2022 while expanding at a CAGR of 2.73% approximately in the forecast period.
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The rising incidence of hypertension is closely related to sedentary lifestyle and unhealthy eating patterns. The expansion of the market is also effectively supported by the improved detection methods as well as the availability of better drugs for the treatment of the condition. Increased research and development activities to improve overall drug qualities such as its efficacy is expected to boost the progress of the market in the upcoming period.
Segmental Analysis
The segmentation of the anti-hypertensive drugs market is carried out on the basis of pharmacological class, hypertension type, region and disease source. On the basis of pharmacological class, the market is segmented into ACE Inhibitors, diuretics, adrenergic blocker, calcium channel blockers among others. The regions included in the market comprise of Europe, North America, Europe, Asia Pacific and rest of the world. On the basis of hypertension type, the anti-hypertensive drugs market is segmented into pulmonary hypertension drugs and systemic drugs. on the basis of disease source, the market is segmented into primary and secondary.
Detailed Regional Analysis
The regional analysis of the market comprises of Europe, North America, Europe, Asia Pacific and rest of the world. Globally, the North American region is the principal market for anti-hypertensive drugs. The European region is the next major market for anti-hypertensive drugs. The advanced regions will govern the approaching future market for anti-hypertensive drugs with emerging regions in a supporting role only. However, the emerging region’s market especially the Asia Pacific region will be the swiftest rising and is expected to be central to the development of the market in the coming forecast period.
Competitive Analysis
The ability to exploit the economies of scale is turning out to be advantageous for comprehensive market growth. The market is at an optimally productive level and will be capable of creating greater value for the firms in the market and its shareholders. Although, the market has also strikingly neutralized the market challenges and thus is promoting an increase in the number of firms in the market. The diversification of the product assortment in the market is increasing the opportunity for the progress of the market. The management tendencies in the market are reinforcing the level of growth that can be achieved in the present market scenario. The growth blueprints are revised in tandem to the customer likings to realize the greatest growth, and in the long run, viability.
The central contenders in the global anti- hypertensive drugs market are Astra Zeneca plc, Pfizer Inc., Daiichi Sankyo Company Limited, Acetelion Ltd, Boehringer Ingelheim, Sanofi S.A., Takeda Pharmaceuticals Company Limited, Novartis AG and Ranbaxy Laboratories Limited, Inc.
Industry Updates:
June 2018 Kitov Pharma of late announced that a combination of amlodipine besylate and celecoxib for treatment of patients with osteoarthritis pain and hypertension has been permitted for marketing by the FDA. The combination drug comprises of a nonsteroidal anti-inflammatory drug and an antihypertensive calcium channel blocker. The approval involved results from a phase 3 clinical trial, which presented that the combination drug dropped daytime systolic BP by at least 50% of the decrease in BP achieved in patients treated with amlodipine besylate only (P = .001).
Sep 2018 Boryung Pharmaceutical’s antihypertensive treatment Kanarb has achieved a sizeable production among 29 locally developed new drugs in 2017. According to data from the Ministry of Food and Drug Safety, manufacturing of novel drugs by domestic pharmaceuticals was valued at 184.8 billion won ($164.7 million) last year.
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