Diltiazem Market to Grow at a CAGR of 12.3% to Hit US$ 369.95 million by 2028 - Impact of COVID-19 Pandemic and Global Analysis by The Insight Partners
Factors such as increase in cardiovascular disease incidence and increasing elderly population are driving the market growth. However, side effects of diltiazem is likely to hamper the growth of the market.The Diltiazem market is projected to reach US$ 369.95 million by 2028 from US$ 832.51 million in 2021; it is expected to grow at a CAGR of 12.3% from 2021 to 2028.
Heart diseases are mostly observed in elderly people due to their weak immunity and major other health problems. The general aging factors lead to stiffening the heart and blood vessels that lead to heart disorders. As the age grows, the systolic blood pressure also rises, and it can cause cardiovascular disease. Thus, high blood pressure is a common cause of heart conditions in people aged 75 years and above. Coronary artery disease and heart failure are the next caused conditions. Although the incidence of arrhythmias is encompassing people of all age groups, its incidence is rising significantly among elderly people.
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Top Companies of Diltiazem Market:
• Bausch Health
• Teva Pharmaceutical Industries Ltd
• Mylan N.V
• Athenex
• Pfizer, Inc,
• Glenmark
• Sandoz (Novartis Ag)
• Sun Pharmaceutical Company Ltd
• Hikma Pharmaceuticals
• Zydus Pharmaceuticals
Diltiazem Market – Segmentation:
By Product Type
• Tablet
• Capsules
• Injection
By Application
• Hypertension
• Angina
• Others
The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘DILTIAZEM Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.
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The Global Diltiazem Market is a thorough piece of work and is organized by conducting both primary as well secondary research. The data included in the report has been generated by consulting industry leaders and taking inputs from them. The top most subdivisions of the market have been emphasized and these divisions have been presented by giving statistics on their current state by the end of the forecast horizon. These facts and figures help the forthcoming players to estimate the investment possibility within its sector.
The report demonstrates a statistical survey that outlines about the competitive landscape of the Global Diltiazem Market, that comprehends the potential risk and opportunities that merchants in the market deal with. Likewise, it incorporates business profiles of some of the significant manufacturers in the market.
The report explores and investigates the global Diltiazem market in a certain way by demonstrating the key parts of the market that are relied on the time frame. The major development drivers, restraints and opportunities that influence the market are analyzed at length. In addition to this, the report presents an intensive quantitative information relating to the market’s future.
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