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Beta Blockers Global Market 2023 - Industry Size, Future Insights, Growth Drivers And Top Players
Beta Blockers Market
The Business Research Company's Beta Blockers Global Market Report 2023 identifies rise in the incidence of cardiovascular diseases as the major driver for the Beta Blockers market's growth in the forecast period. The rise in the incidence of cardiovascular diseases is mostly driven by unhealthy diets, poor lifestyles, lack of exercise, tobacco use, and obesity, where beta blockers can help reduce cardiovascular cases by exerting several beneficial effects on the heart and blood vessels. Hence, rising cases of cardiovascular diseases are contributing to the growth of the beta blockers market.
The global beta blockers market size is expected to grow from $8.55 billion in 2022 to $9.16 billion in 2023 at a compound annual growth rate (CAGR) of 7.13%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global beta blockers market size is expected to reach $11.54 billion in 2027 at a CAGR of 5.9%.
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Major competitors in the Beta Blockers market are Pfizer Inc., Novartis AG, Merck & Co. Inc., AstraZeneca PLC, Johnson and Johnson.
A key trend in the Beta Blockers market includes product innovation. Major market players operating on beta blockers market are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in January 2021, Merck, a Germany-based pharmaceutical company, received U.S. Food and Drug Administration (FDA) approval for a medication called VERQUVO (vericiguat). VERQUVO (vericiguat) is a medication indicated for treating heart failure with reduced ejection fraction (HFrEF) in adults. This drug helps to relax and widen blood vessels, reduce strain on the heart, and improve cardiac function.
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The Beta Blockers market is segmented -
• By Type: Non-selective Agents, Selective Agents
• By Indication: Angina Pectoris, Heart Failure, High Blood Pressure, Other Indications
• By Drugs: Betaxolol, Acebutolol, Esmolol, Other Drugs
• By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy
• By Application: Cardiac Diseases, Hypertension, Glaucoma, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Beta Blockers market.
The Business Research Company's "Global Beta Blockers Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Beta Blockers Market Include:
1. Executive Summary
2. Beta Blockers Market Characteristics
3. Beta Blockers Market Trends And Strategies
4. Beta Blockers Market - Macro Economic Scenario
5. Beta Blockers Market Size And Growth
………………………….
26. Africa Beta Blockers Market
27. Beta Blockers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Beta Blockers Market
29. Beta Blockers Market Future Outlook and Potential Analysis
30. Appendix
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