Global Antihypertensive Drugs Market Growth is augmented by Surging Prevalence of Hypertension across the Globe

Inkwood Research estimates that the Global Antihypertensive Drugs Market is projected to evolve at a CAGR of 3.21% in terms of revenue during the forecasting years of 2019-2028.

"Browse 33 Market Data Tables and 41 Figures spread over 160 Pages, along with an in-depth TOC on the Global Antihypertensive Drugs Market Forecast 2019-2028."

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Antihypertensive drugs are used to treat high blood pressure or hypertension, a chronic condition related to the rise in pressure of blood in the patient's arteries. The ailment is often accompanied by other severe and fatal conditions like an aneurysm, heart failure, dementia, and heart attack. Thus, the treatment of this medical condition necessitates early diagnosis and management using antihypertensive drugs like vasodilators, calcium channel blockers, and beta-blockers.

Prevalence of Hypertension Around the World Boosts Market Growth

A worldwide increase in the incidence of hypertension has become a significant cause of cardiovascular diseases. According to the Centers for Disease Control and Prevention, 75 million adults in the United States suffered from hypertension in 2017. In Europe, over 1 in 4 adults had high blood pressure, which accounted for over 12 million people in 2015. Moreover, the condition is predicted to affect more than 1.5 billion people globally, by 2015. Thus, the alarming rise in the prevalence of hypertension around the world is leading to a global surge in demand for antihypertensive drugs.

According to the American College of Cardiology, there is no clinical indication that establishes the advantages or hazards of taking antihypertensive drugs in patients with COVID-19. Health authorities suppose that patients suffering from hypertension are at a higher risk as they may have other underlying ailments like diabetes and cardiovascular diseases. Additionally, completely stopping the medication is unsafe and may lead to a stroke or heart failure. Thus, there is no curb or increase in the consumption of antihypertensive drugs across the market, given the pandemic.

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E-commerce Websites & Online Drug Stores is the Fastest Growing End-User

The e-commerce segment in the end-user category is projected to register the highest CAGR during the forecast period. Online pharmacies are also termed as internet pharmacies, e-commerce pharmacies or mail-order pharmacies that function and operate over the internet. Preference for online purchase of drugs over traditional buying, increase in awareness of online pharmacies, and a rise in internet users have contributed to the global antihypertensive drugs market growth. Internet pharmacies offer more benefits like convenience, reliable and easy access to patient reviews, price comparisons, and lesser expenses, which further drive the market growth. However, unethical and fraudulent suppliers often provide outdated and substituted medicines, which is anticipated to obstruct market growth.

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North America is projected to dominate the Global Market by 2028

North America dominated the global antihypertensive market in 2019, harboring the largest revenue share, and is expected to continue the trend throughout the forecast period. The key factors driving the antihypertensive drugs market growth in this region are the rise in the prevalence of hypertension and chronic kidney disorders. Moreover, the presence of eminent players like Johnson & Johnson and Merck & Co Inc propels the market growth in this region.

There exists an extensive rivalry between primary companies in the market. For instance, in the current competition between Bayer & GlaxoSmithKline, Eli Lilly & ICOS, and Pfizer, the extent is highly competitive in the erectile dysfunction space. Major companies, harboring their status in the market are Johnson & Johnson, Lupin Limited, Bio-Rad Laboratories Inc, AstraZeneca Plc, Medtronic Plc, etc.

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