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Global Hypertension Drug Market Worth USD 32.5 Billion by 2025 | CAGR of 4.89%
Overview:The Global Hypertension Drug Market was valued at USD 21.5 Billion in the year 2017 and is expected to reach USD 32.5 Billion by 2025 at an increasing CAGR of 4.89%during the forecast period.
Hypertension is also known as High blood pressure, it is a common disease in which blood flows through blood vessels or arteries at higher than normal pressures. Hypertension is a chronic disease, which can lead to stroke, heart failure, and kidney diseases. The main purpose of hypertension drugs is to reduce and control high blood pressure to protect organs like brain, heart, kidneys.
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Underlying Causes:
The market for Global Hypertension Drug is mainly driven due to the factors like increasing prevalence hypertension diseases across the globe, growing demand for hypertension drugs, rising number of geriatric population, increasing awareness about hypertension treatment among the people, increasing healthcare expenditure. Other factors like the advancement of technologies and introduction of new drugs and advanced treatments related to hypertension disorders and improving healthcare facilities in the developing countries are expected to propel the growth of the global hypertension drugs market. However, lack of awareness about hypertension drugs in the developing countries, increasing number of patient expiration, and low diagnostics rate are restraining factors of the market during the forecast period.
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Geographic Segmentation:
Based on geography, the Global Hypertension Drug market has been primarily divided into Asia Pacific, Middle East and Africa, North America and Latin America. North America holds the largest market share in the global hypertension market followed by Europe due to the increasing demand for accurate diagnosis and treatment of hypertension, early identification of people predisposed to the disease, and presence of well-established healthcare infrastructure. The Asia-Pacific is rapidly growing in medical industry due to improving healthcare facilities, favorable government reimbursement policies, increasing healthcare expenditures, rising prevalence of hypertension diseases, and increasing geriatric population.
Key Players:
Leading companies for Global Hypertension Drug market are Lupin Limited, Novartis AG, Sun Pharmaceuticals LLC, Daiichi - Sankyo, Pfizer Inc., Sanofi S.A, AstraZeneca Plc., Johnson & Johnson Ltd., Boehringer Ingelheim, and Merck & Co, Roche, Abbott, GlaxoSmithKline plc., AstraZeneca, Bayer AG, Gilead, and Actelion.
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About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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