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Renovascular Hypertension Treatment Market By drug type Angiotensin Converting Enzyme (ACE) Inhibitor, Diuretic, Angiotensin II Receptor Blockers; By distribution channel Hospital Pharmacies, Retail Pharmacies, Drug Stores, Online Pharmacies; By Global In
Renovascular Hypertension Treatment Market: Drivers and Restraints
The growing prevalence of kidney disorders is expected to be a major factor driving the growth of the renovascular hypertension treatment market over the forecast period. Renovascular hypertension is the main cause of chronic kidney disorder. According to the National Institute of Diabetes and Kidney Diseases, more than 661,000 Americans suffer from kidney failure and in 2013, more than 47,000 Americans died of kidney disease. Private and public healthcare organisations are increasingly undertaking initiatives for the management of kidney diseases, which is expected to spur the growth of the renovascular hypertension treatment market. National Institute of Diabetes and Kidney Diseases (NIDDK), National Institutes of Health (NIH) and CDC conduct screening programs and support research related to several diseases and conditions. The renovascular hypertension treatment market is expected to register a high growth rate due to an increase in the number of clinical trials for drug development with the support of government organisations. Unhealthy lifestyle, stress, obesity, increase in smoking and the high prevalence of diabetes & cholesterols are also among factors expected to boost the renovascular hypertension treatment market. Increase in the prevalence of primary renal diseases, such as renal artery stenosis, atherosclerosis and focal segmental glomerulosclerosis is also a major driving factor driving the renovascular hypertension treatment market. However, lack of awareness regarding renovascular hypertension due the absence of symptoms is expected to restrain the renovascular hypertension treatment market.
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Renovascular Hypertension Treatment Market: Segmentation
The global renovascular hypertension treatment market can be segmented on the basis of drug type, distribution channel and geography.
Based on drug type, the global renovascular hypertension treatment market is segmented as:
Angiotensin Converting Enzyme (ACE) Inhibitor
Diuretic
Angiotensin II Receptor Blockers
Others
Based on distribution channel, the global renovascular hypertension treatment market is segmented as:
Hospital Pharmacies
Retail Pharmacies
Drug Stores
Online Pharmacies
Others
Renovascular Hypertension Treatment Market: Overview
The global market for renovascular hypertension treatment is expected to witness moderate growth over the forecast period. Angiotensin-Converting Enzyme (ACE) inhibitor is expected to contribute a major revenue share in the renovascular hypertension treatment market. In addition, with ACE inhibitors or angiotensin II receptor blockers, diuretic drugs are prescribed to helps the kidney remove fluid from the blood. The retail pharmacy distribution channel is expected to contribute a high share in the global renovascular hypertension treatment market as it is the most accessible channel and the majority of patients are recommended for outpatient treatment.
Renovascular Hypertension Treatment Market: Regional Outlook
Geographically, the global renovascular hypertension treatment market is segmented into North America, Latin America, Europe, CIS & Russia, Asia-Pacific excluding Japan (APEJ), Japan and the Middle East & Africa (MEA). North America is expected to be the dominant market in the global renovascular hypertension treatment market owing to highly supportive government initiatives. Europe is expected to have the second-largest share in the global renovascular hypertension treatment market throughout the forecast period owing to the growing awareness related to major health issues. The renovascular hypertension treatment market in the Asia Pacific excluding Japan region is expected to grow at a significant CAGR due to an increase in healthcare expenditure and growth in the number of healthcare facilities.
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Renovascular Hypertension Treatment Market: Key Players
Examples of some of the key players operating in the global renovascular hypertension treatment market are Abbott Laboratories; Pfizer Inc.; Novartis AG; Merck & Company, Inc.; AstraZeneca plc.; Johnson and Johnson; Eli Lilly and Company; Sanofi SA; Bayer AG; GlaxoSmithKline plc; Teva Pharmaceutical Industries Ltd. and others. Companies are conducting clinical trials for the development of new renovascular hypertension treatment drugs, which is expected to boost the growth opportunities of the renovascular hypertension treatment market.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe)
CIS & Russia
Japan
Asia Pacific Excluding Japan ( Greater China, India, South Korea, ASEAN Countries, Rest of APEJ)
Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)
Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.
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