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Antihypertensive Drugs Market to Receive Overwhelming Hike in Revenues by 2027
Antihypertensive Drugs Market: IntroductionAccording to the report, the global antihypertensive drugs market was valued at ~US$ 27.8 Bn in 2018 and is projected to expand at a CAGR of ~2% from 2019 to 2027
Stroke, also known as cerebrovascular accident, is a medical condition that occurs when the blood supply to the brain is interrupted or blocked. It leads to sudden death of brain cells due to lack of oxygen, which takes place as a result of a rupture of the artery or vein that carries blood to the brain.
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Increase in incidence rate of cardiovascular diseases, owing to changing demographics and rise in prevalence of stroke, diabetes, and hypertension patients is expected to drive the antihypertensive drugs market
North America held a major share of the global antihypertensive drugs market in 2018, due to the presence of a large population with the history of diabetes, blood pressure related diseases, stroke, rise in mortality associated with the disease, and increase in research funding for antihypertensive drugs in the U.S.
The antihypertensive drugs market in Asia Pacific is expected to expand at a CAGR of ~3% from 2019 to 2027 due to surge in the number of elderly patients and increase in cardiovascular disorders in patients suffering from hypertension. This, in turn, is likely to drive the demand for antihypertensive drugs in emerging markets such as India and China.
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Rise in Prevalence of Stroke to Drive Antihypertensive Drugs Market
The global geriatric population is projected to increase at a rapid pace over the next few years. Declining fertility and improved longevity are prominent factors for rise in the geriatric population.
Rise in aging population globally is projected to drive the global antihypertensive drugs market during the forecast period
For instance, the geriatric population in developing regions is estimated to increase by 154% between 2017 and 2050, exceeding 1.6 billion by 2050. Furthermore, an increase in the number of baby boomers vulnerable to a wide range of age-related diseases has been observed.
Age is a primary risk factor for hypertension. Prevalence of hypertension is comparatively high in the elderly population; approximately 70% of high blood pressure patients are over the age of 60. Additionally, aging increases blood pressure, as elasticity of the arterial system is reduced. Hence, rise in prevalence of hypertension among the population is projected to drive the antihypertensive drugs market over the next few years.
High Demand for Angiotensin Receptor Blockers
In terms of drug, the global antihypertensive drugs market has been segmented into diuretics, angiotensin converting enzyme inhibitors, angiotensin receptor blockers, beta-blockers, vasodilators, calcium channel blockers, renin inhibitors, alpha-blockers, and others. The diuretics segment has been sub-segmented into thiazide diuretic, loop diuretics, and potassium-sparing diuretics. The beta-blockers segment has been sub-segmented into beta-1 selective and intrinsic sympathomimetic.
The angiotensin receptor blockers segment dominated the market in 2018 and this trend is expected to continue during the forecast period
Rapid adoption and rise in demand for angiotensin receptor blockers have been observed in the recent years, as these are one of the trusted drugs. Additionally, rise in prevalence of hypertension and continually increasing expenses of its treatment influence the prescribing patterns among physicians and compliance to the treatment by the patients. These are expected to drive the segment.
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