Antihypertensive Drugs Market by type (systemic hypertension and pulmonary hypertension) 2019-2023
Posted: Aug 08, 2019
Global antihypertensive drugs market size is forecast to grow by USD 3.96 billion during 2019-2023 at a CAGR of over 2%, with systemic hypertension segment having the largest market share. Antihypertensive drugs market analysis indicates growth will be driven by the increased funds for R&D. The development of modified-release formulations will also impact antihypertensive drugs market industry growth
The unavailability of promising treatment options with fewer side effects and complications associated with uncontrolled high blood pressure are compelling governments and private organizations to increase their R&D investments. The rise in R&D will also lead to the development of therapeutics that can demonstrate better safety and efficacy than the available medications. The increased funds for R&D is one of the critical reasons that will drive the antihypertensive drugs market growth in the coming years. Furthermore, this industry research report also presents a competitive analysis of the market by type (systemic hypertension and pulmonary hypertension) and geography (Asia, Europe, North America, and ROW).
Competitive vendor landscape
The global antihypertensive drugs market is highly competitive with major vendors such as AstraZeneca, Johnson & Johnson Services, Inc., Merck & Co., Inc., Novartis AG, and Pfizer Inc. competing on the basis of price, quality, and product/service offerings.
"North America will account for the largest antihypertensive drugs market share throughout the forecast period. The high prevalence of hypertension and the rising awareness about the risk factors, prevention, diagnosis, and treatment of high blood pressure in the US is one of the major reasons for the high growth of the antihypertensive drugs market in this region," says a senior analyst at Technavio
Top five antihypertensive drugs market vendors
AstraZeneca operates through the segment, biopharmaceuticals. The company’s key offerings include DUTOPROL, ZESTORETIC, and ZESTRIL.
Johnson & Johnson Services, Inc.
Johnson & Johnson Services, Inc. runs its operations through three segments: consumer, pharmaceutical, and medical devices. The company’s key offerings include: OPSUMIT, TRACLEER, UPTRAVI, VELETRI, and VENTAVIS.
Merck & Co., Inc.
Merck & Co., Inc. runs its operations through two segments: pharmaceutical and other. The company’s key offerings include COZAAR, HYZAAR, and PRINIVIL.
Novartis AG runs its operations through three segments: innovative medicines, sandoz, and alcon. The company’s key offerings include DIOVAN, DIOVAN HCT, ENTRESTO, EXFORGE HCT, and LOTREL.
Pfizer Inc. runs its operations through two segments: innovative health and essential health. The company’s key offerings include ACCURETIC, NORVASC, and REVATIO.
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