Cardioselective Beta Blockers Market By Indication, Size, Share, Growth, Application Industry Trends and Forecast to 2029

The global cardioselective beta blockers market is expected to witness huge growth in the forecast period. Rising cases of hypertension and other cardiovascular diseases boosts the non-cardioselective beta blockers market. It is used to prevent or improve symptoms in people who've abnormal coronary heart rhythm, Chest ache, coronary heart assaults, coronary heart failure, migraine, and kinds of tremors. COVID-19 also had a major impact on the market growth.

Data Bridge Market Research analyses a growth rate in the global cardioselective beta blockers market in the forecast period 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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https://www.databridgemarketresearch.com/reports/global-cardioselective-beta-blockers-market

Market Definition

Cardioselective beta blockers intercept the activation of beta-1 adrenergic receptors present at the nerve endings of the sympathetic nervous system. This eventually results in diminished activity of the heart, such as a reduction in systolic pressure, heart rate and cardiac contractility. Cardioselective agents have a better affinity for β1-adrenergic receptors located in the heart, whereas nonselective agents work on β1-adrenergic receptors and β2-adrenergic receptors located in bronchial musculature.

Drivers

Increase in Cardiovascular Diseases
According to the WHO, around 60% - 85% of the population have adopted a sedentary life. According to CDC, approximately 31 million adults aged over 50 years live a sedentary life, and only 1 out of 4 U.S. adults meet the appropriate need of physical activity. This boost the market growth.

Rising Demand for Oral Drugs
Oral drugs is expected to boost the market growth. The segment is expected to accelerate the global market as most products are available in capsule and tablet form and it is a very feasible route of administration.

Opportunities

Rising Prevalence of Hypertension
As per the American College of Cardiology, older adults are mostly undertreated for high blood pressure, despite having the maximum prevalence of hypertension and the highest risk of CV morbidity and mortality (BP). According to the National Health and Nutrition Examination Survey (NHANES) records in the U.S., hypertension affects 70% of persons over 65 years. As our population ages, this figure will continue to rise. In 2014, 15% of the US population was 65 years old, and that number is projected to rise to 20% by 2050. This will create more opportunities for the market growth as the demand for the blockers also increases.

Increased Clinical Studies and Government Initiatives
Rising awareness about the beta blockers and studies that are conducted for development in identifying the diseases that by government and private companies for better knowledge of these blockers is likely to drive the market growth.

Increasing Demand for Retail Pharmacies
The rise in the number of calcium channel blockers delivered through retail pharmacies and the surge in the number of retail pharmacies in developed countries create opportunities for the market growth. In addition to this, patients prefer retail pharmacies for purchasing drugs, as these are easily accessible.

Restraints/Challenges

Lack of skilled professionals
The lack of qualified personnel who cannot treat the patients with these agents could curb the growth of the global cardioselective beta blockers market over a forecast period.

Key players operating in the global cardioselective beta blockers market include:

F. Hoffmann-La Roche Ltd (Switzerland)
Fresenius Kabi AG (Germany)
Bayer AG (Germany)
Sun Pharmaceutical Industries Ltd (India)
Novartis AG (Switzerland)
Mylan N.V. (U.S.)
Teva Pharmaceutical Industries Ltd (Israel)
Zydus Group (India)
Pfizer Inc (U.S.)
Lupin (India)
GSK Plc (U.K.)
Glenmark Pharmaceuticals Inc (India)
Amneal Pharmaceuticals (U.S.)
Pierre Fabre Group (France)

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