October 5, 2024

Antihypertensive Drugs Market Size to Worth USD 34.71 Bn by 2033

The global antihypertensive drugs market size is expected to increase USD 34.71 billion by 2033 from USD 23.61 billion in 2023 with a CAGR of  3.93% between 2024 and 2033.

Key Points

  • The North America antihypertensive drugs market size reached USD 8.97 billion in 2023 and is expected to attain around USD 13.36 billion by 2033, poised to grow at a CAGR of 4.06% between 2024 and 2033.
  • North America dominated the market with the largest revenue share of 38% in 2023.
  • By drug class, the calcium channel blockers (CCB) segment has contributed more than 27% of revenue share in 2023.
  • By drug class, the ACE inhibitors segment is expected to grow at a CAGR of 4.99% during the forecast period.
  • By type, the primary hypertension segment has recorded the biggest revenue share of 72% in 2023.
  • By type, the secondary hypertension segment is expected to expand at a CAGR of 4.35% during the forecast period.
  • By route of administration, the oral segment has generated the largest revenue share of 76% in 2023.
  • By route of administration, the injectables segment held the second-largest share of the market in 2023.
  • By distribution channel, the hospital pharmacy segment has held a major revenue share of 54% in 2023.
  • By distribution channel, the online pharmacy segment is expected to be the fastest-growing during the forecast period.

Antihypertensive Drugs Market Size 2024 to 2033

The global antihypertensive drugs market is characterized by a significant demand for medications aimed at managing high blood pressure, a condition prevalent across diverse demographic groups worldwide. High blood pressure, or hypertension, remains a critical health concern due to its association with cardiovascular diseases and other serious health risks.

Get a Sample: https://www.precedenceresearch.com/sample/4542

Growth Factors Driving the Market

The growth of the antihypertensive drugs market is primarily driven by increasing incidences of hypertension globally, attributed to factors such as sedentary lifestyles, dietary habits, and aging populations. Rising awareness about the importance of blood pressure management and advancements in healthcare infrastructure also contribute to market expansion.

Regional Insights

Regionally, North America and Europe dominate the antihypertensive drugs market, owing to established healthcare systems, high prevalence of hypertension, and early adoption of advanced treatment options. Meanwhile, the Asia-Pacific region is witnessing rapid growth, driven by improving healthcare access, growing urbanization, and rising healthcare expenditures.

Trends in the Market

A notable trend in the antihypertensive drugs market is the shift towards combination therapies that offer enhanced efficacy and patient compliance. Furthermore, there is a growing emphasis on personalized medicine and the development of novel drug delivery mechanisms to improve treatment outcomes and reduce side effects.

Antihypertensive Drugs Market Scope

Report CoverageDetails
Market Size by 2033USD 34.71 Billion
Market Size in 2023USD 23.61 Billion
Market Size in 2024USD 24.54 Billion
Market Growth Rate from 2024 to 2033CAGR of 3.93%
Largest MarketNorth America
Base Year2023
Forecast Period2024 to 2033
Segments CoveredDrug Class, Type, Route of Administration, Distribution Channel, and Regions
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

 

Antihypertensive Drugs Market Dynamics

Drivers of Market Growth

Key drivers include the increasing geriatric population prone to hypertension, along with lifestyle changes such as high salt intake and stress. Additionally, ongoing research and development efforts focusing on new drug formulations and therapeutic targets contribute to market expansion.

Opportunities for Market Players

Opportunities in the market lie in expanding into emerging economies where the burden of hypertension is rising rapidly. Moreover, collaborations between pharmaceutical companies and healthcare providers to develop innovative treatment solutions and educational programs present avenues for growth.

Challenges Faced by the Market

Challenges include stringent regulatory requirements for drug approval, pricing pressures due to competition from generics, and potential adverse effects associated with long-term medication use. Additionally, patient adherence to treatment regimens remains a challenge despite advancements in drug formulations.

Read Also: gRNA Market Size to Worth 2780.68 Million By 2033

Antihypertensive Drugs Market Companies

  • Sun Pharmaceutical Industries Ltd.
  • Lupin
  • Pfizer Inc.
  • AstraZeneca
  • Merck & Co., Inc.
  • DAIICHI SANKYO COMPANY, LIMITED
  • Johnson & Johnson Services, Inc.
  • Novartis AG
  • Boehringer Ingelheim International GmbH
  • Sanofi
  • Medtronic Plc.

Recent Developments

  • In November 2023, a global leader in healthcare technology, Medtronic Plc., announced that the USFDA (United States Food and Drug Administration) has approved the Simplicity blood pressure procedure, also known as Simplicity Spyral renal denervation (RDN) system for hypertension or high blood pressure treatment.
  • In December 2023, Innovent Biologics, Inc. and Sanegene Bio USA Inc. entered into a strategic collaboration to develop siRNA drugs for hypertension or high blood pressure treatment.

Segments Covered in the Report

By Drug Class

  • Diuretics
  • ACE Inhibitors
  • Calcium Channel Blockers
  • Beta-adrenergic Blockers
  • Vasodilators
  • Others

By Type

  • Primary Hypertension
  • Secondary Hypertension

By Route of Administration

  • Oral
  • Injectables
  • Others

By Distribution Channel

  • Retail Pharmacy
  • Hospital Pharmacy
  • Online Pharmacy

By Geography

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Web: https://www.precedenceresearch.com

Blog: https://www.expresswebwire.com/

Blog: https://www.uswebwire.com/

Blog: https://www.dailytechbulletin.com/

Blog: https://www.autoindustrybulletin.com/