Press release
Beta Blockers Global Market Size ($12.28 Billion Revenue By 2028) Growing Rapidly with Recent Trends and Outlook
Beta Blockers Global Market
Beta Blockers Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $12.28 billion In 2028 At A CAGR Of 5.9% :
The beta blockers market size has grown strongly in recent years. It will grow from $9.16 billion in 2023 to $9.78 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to hypertension management, treatment of cardiovascular diseases, post-myocardial infarction care, migraine prophylaxis, management of anxiety and tremors.
The beta blockers market size is expected to see strong growth in the next few years. It will grow to $12.28 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to prevalence of cardiovascular diseases, expanded applications in heart failure, combination therapies, focus on hypertension guidelines, exploration of novel indications. Major trends in the forecast period include application in anxiety and performance situations, potential neuroprotective effects, individualized treatment approaches, impact of generic versions, integration with digital health platforms.
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Beta Blockers Market Major Segments
The beta blockers market covered in this report is segmented -
1) By Type: Non-selective Agents, Selective Agents
2) By Indication: Angina Pectoris, Heart Failure, High Blood Pressure, Other Indications
3) By Drugs: Betaxolol, Acebutolol, Esmolol, Other Drugs
4) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy
5) By Application: Cardiac Diseases, Hypertension, Glaucoma, Other Applications
Key Driver - Increasing Incidence Of Cardiovascular Diseases Drives Growth In The Beta Blockers Market
The rise in the incidence of cardiovascular diseases is expected to propel the growth of the beta blockers market. Cardiovascular diseases (CVDs) are a group of disorders that affect the heart and blood vessels. 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. For instance, in according to the National health Survey 2020-21 conducted by the Australian Bureau of Statistics, an Australia-based government agency, an estimated 571,000 Australians aged 18 and over (2.9% of the adult population) were living with CHD in 2020-21. Therefore, a rise in the incidence of cardiovascular diseases will fuel the beta blockers market growth.
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Prominent Trend - Product Innovation Drives Growth In The Beta Blockers Market
Product innovation has emerged as a key trend gaining popularity in the beta blockers market. 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.
Beta Blockers Market Players
Major companies operating in the beta blockers market report are Pfizer Inc., Novartis AG, Merck & Co. Inc., AstraZeneca plc, Johnson and Johnson, Eli Lilly and Company, Sanofi SA, Bristol-Myers Squibb Company, Bayer AG, GlaxoSmithKline plc, Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Amneal Pharmaceuticals LLC, Abbott Laboratories, Eagle Pharmaceuticals Inc., Neon Healthcare Ltd., Midas Pharma GmbH, Global Calcium PVT. LTD., AbbVie Inc., Mylan N.V., Boehringer Ingelheim International GmbH, Aspen Pharmacare Holdings Limited, Lupin Limited, Torrent Pharmaceuticals Ltd., Dr. Reddy's Laboratories Ltd., Cipla Ltd., Sandoz International GmbH, Wockhardt Ltd., Endo Pharmaceuticals Inc., Apotex Inc.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the beta blockers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global beta-blockers market report during the forecast period. The regions covered in the beta blockers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Beta Blockers Market Report Structure
3. Beta Blockers Market Trends And Strategies
4. Beta Blockers Market - Macro Economic Scenario
5. Beta Blockers Market Size And Growth
…..
27. Beta Blockers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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