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Pulmonary Arterial Hypertension Market Analysis, Trends, Growth, Research And Forecast 2032
Pulmonary Arterial Hypertension Market
The Business Research Company's Pulmonary Arterial Hypertension Global Market Report 2023 identifies the increasing prevalence of pulmonary arterial hypertension (PAH) disease as the major driver for the pulmonary arterial hypertension market's growth in the forecast period. The increasing prevalence of PAH diseases and the related hospitalisation of patients for treatment is expected to boost the demand for relevant drugs during the forecast period.
The global pulmonary arterial hypertension market size grew from $7.05 billion in 2022 to $7.63 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. 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 pulmonary arterial hypertension market size is expected to grow to $10.47 billion in 2027 at a CAGR of 8.2%.
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Major competitors in the pulmonary arterial hypertension market are United Therapeutics Corporation, Bayer AG, Gilead Sciences Inc., Johnson & Johnson, GlaxoSmithKline, Pfizer Inc., Sandoz AG, Lupin Pharmaceuticals Inc., Teva Pharmaceutical Industries Ltd., Acceleron Pharma Inc., Eli Lilly and Company, Actelion Pharmaceuticals US Inc.
A key trend in the pulmonary arterial hypertension market includes technological advancement. The companies operating in the pulmonary arterial hypertension drug sector are focusing on developing new medicines to improve and cure these diseases. For instance, in April 2021, United Therapeutics Corporation, a US-based biotechnology company, launched Tyvaso® for the Treatment of Pulmonary Hypertension Associated with Interstitial Lung Disease. Tyvaso is an inhalation solution that helps patients enhance their exercise abilities, reduce breathing difficulties, have a low tolerance for exertion, and have a higher mortality rate.
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The pulmonary arterial hypertension market is segmented -
• By Type: Air Breathing, Non-Air Breathing
• By Application: Airplanes, Missiles, Unnamed Aerial Vehicles, Spacecraft
• By End-User: Commercial, Government & Military
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.North America was the largest region in the pulmonary arterial hypertension market.
The Business Research Company's "Global Pulmonary Arterial Hypertension 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 Pulmonary Arterial Hypertension Market Include:
1. Executive Summary
2. Pulmonary Arterial Hypertension Market Characteristics
3. Pulmonary Arterial Hypertension Market Trends And Strategies
4. Pulmonary Arterial Hypertension Market - Macro Economic Scenario
5. Pulmonary Arterial Hypertension Market Size And Growth
……
26. Africa Pulmonary Arterial Hypertension Market
27. Pulmonary Arterial Hypertension Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pulmonary Arterial Hypertension Market
29. Pulmonary Arterial Hypertension Market Future Outlook and Potential Analysis
30. Appendix
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