Press release
Pulmonary Arterial Hypertension (PAH) Market to Hit US$ 13.5 Billion at a CAGR of 5.4% by 2028
The market for pulmonary arterial hypertension (PAH) is predicted to be valued US$ 5.2 billion in 2020 and US$ 13.5 billion in 2028, growing at a CAGR of 5.4%. The COVID-19 pandemic had a big effect on the market for pulmonary arterial hypertension medications. The outbreak impeded growth because it made market circumstances unpredictable.COVID-19 resulted in operational difficulties, delays in regulatory approvals, delays in clinical trials, restrictions on patient access, and a decrease in demand. Additional obstacles to the industry's growth included delays in diagnostic tests, updated hospital and emergency care guidelines, and a troubled drug supply chain.
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Why is North America Expected to Lead the Pulmonary Arterial Hypertension Market?
North America is anticipated to hold a 35% market share for pulmonary arterial hypertension in 2022. It is projected that rising awareness, a high prevalence of diagnoses, and supportive governmental initiatives will drive market expansion in North America.
The presence of significant competitors and a carefully thought-out reimbursement scheme both support market growth. The demand for cutting-edge healthcare facilities for treating pulmonary arterial hypertension is being driven by the increasing prevalence of chronic and infectious diseases as well as a high diagnostic rate.
Key Companies Profiled
• Gilead Sciences Inc.
• Pfizer, Inc.
• GlaxoSmithKline plc
• Novartis International AG
• Bayer HealthCare
• United Therapeutics Corp
What makes this Pulmonary Arterial Hypertension (PAH) market report distinct from others?
• Industrial trend analysis: The study examines the most recent developments in the Pulmonary Arterial Hypertension (PAH) arena, which are accompanied by advancements in technology and adjustments to business practises. The extent of these technologies is studied to help client companies comprehend the benefits and hazards connected with employing digital and industrial technologies in light of market trends.
• Sustainable metrics for pulmonary arterial hypertension (PAH) - The emphasis of this research is on fresh approaches to ensuring sustainability, which intensifies concern over environmentally friendly production and consumption. Among these insights are the eco-friendly initiatives that several industry companies have adopted. Customers are also informed of their contribution to sustainable development goals via information on a manufacturer's carbon footprint.
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Segmentation of Pulmonary Arterial Hypertension (PAH) Industry Research
• By Drug Class:
o Prostacyclin & Prostacyclin Analogs
o Endothelin Receptor Antagonists (ERAs)
o Phosphodiesterase-5 (PDE-5) Inhibitors
o Soluble Guanylate Cyclase (sGC) Stimulators
• By Pipeline Analysis:
o Early-stage Drug Candidates (Phase I & Phase II)
o Late-stage Drug Candidates (Phase III & Registration Phase)
• By Region:
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa
Check out more related studies published by Fact.MR Research:
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https://www.newswire.co.kr/newsRead.php?no=948532
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