Key Insights On The AntiHypertensive Drugs Market 2023 – Size, Driver, And Major Players
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s AntiHypertensive Drugs Global Market Report 2023, the antihypertensive drugs market is expected to show significant growth in the forecast period.
Key insights from the antihypertensive drugs market forecast include:
- Market Size
The global antihypertensive drugs market is expected to grow from $37.65 billion in 2022 to $38.70 billion in 2023 at a compound annual growth rate (CAGR) of 2.8%. The anti-hypertensive drugs market size is expected to grow to $41.19 billion in 2027 at a CAGR of 1.6%.
- Major Driver
A sedentary lifestyle is a major driver of the growth of the anti-hypertensive drug market. Consumption of junk food, lack of proper healthy and balanced diet, and lack of proper sleep due to irregular work shifts have contributed to the increase in hypertension. Furthermore, in June 2021, according to the World Health Organization data 2021, a Switzerland-based Government agency responsible for international public health, cardiovascular diseases (CVDs) are the leading cause of death globally, taking an estimated 17.9 million lives each year. This creates a sustainable demand for the product and acts as a prominent driver for the growth of the market.
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- Key Trend
Lately, there is a growing preference for combination therapies over monotherapy. Monotherapy involves treating hypertension with a single drug, while combination therapy utilizes multiple drugs to target various hypertensive mechanisms. Combining drugs with different action mechanisms enhances their effectiveness, resulting in two to five times more impact than monotherapy. Elevating the monotherapy dose reduces coronary events by 29% and cerebrovascular events by 40%, but combining two antihypertensive agents with distinct mechanisms cuts coronary events by 40% and cerebrovascular events by 54%. Consequently, combination therapy offers superior organ protection compared to escalating monotherapy doses, making it a more effective and increasingly accepted approach.
- Largest Region
North America was the largest region in the anti-hypertensive drugs market in 2022.
- Major Players
Major players in the anti-hypertensive drugs market are Merck & Co. Inc., Astra Zeneca PLC., Daiichi Sankyo Company Limited, Johnson & Johnson Ltd., Pfizer Inc., Novartis AG, Sanofi SA, United Therapeutics, Ranbaxy Laboratories, Bayer AG, Lupin Limited, Boehringer Engelheim GmbH, Sun Pharmaceuticals LLC, GlaxoSmithKline PLC, Takeda Pharmaceutical Company Limited, Roche, Abbott, Gilead, Actelion, and Teva Pharmaceutical Industries Ltd.
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Key AntiHypertensive Drugs Market Segments
The global antihypertensive drugs market is segmented –
1) By Therapeutics: Diuretics, Angiotensin Receptor Blockers (ARBs), Angiotensin Converting Enzyme (ACE) Inhibitors, Beta Blockers, Alpha Blockers, Calcium Channel Blockers, Renin Inhibitors, Vasodilators
2) By Disease Source: Primary Hypertension, Secondary Hypertension
3) By End Users: Hospitals, Clinics, Homecare
The AntiHypertensive Drugs Global Market Report 2023 provides an in-depth analysis on the antihypertensive drugs market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the antihypertensive drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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