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Atenolol Market Trends, Top Companies, Share, Growth And Forecast 2033
Atenolol Market Trends
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According to The Business Research Company's, The atenolol market size has grown strongly in recent years. It will grow from $11.05 billion in 2023 to $12.01 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increased demand and consumption of antihypertensive drugs, increased patient pool of arrhythmia, and angina, increased prevalence of glaucoma, increased prevalence of arrhythmia, rise in online pharmacies.
The atenolol market size is expected to see strong growth in the next few years. It will grow to $15.85 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to increasing demand for atenolol, growing prevalence of hypertension, surging awareness regarding hypertension complexities, significant rise in the aged population, poor lifestyle and dietary habits. Major trends in the forecast period include demand for beta blockers, demand for beta-1 selective blockers, recent regulatory approvals for new formulations, development of extended-release formulations, demand for combination therapies.
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Market Drivers:
The growing prevalence of cardiovascular diseases is expected to propel the growth of the atenolol market going forward. Cardiovascular diseases (CVDs) encompass a range of disorders affecting the heart and blood vessels. The growing prevalence of cardiovascular diseases is due to population growth and aging, risk factors, and lack of implementation of proven prevention and treatment strategies. Atenolol plays a crucial role in managing various cardiovascular diseases by reducing heart rate, lowering blood pressure, relieving angina symptoms, preventing heart attacks, and managing arrhythmias. It helps to stabilize heart function, control blood pressure, and prevent complications, contributing to better long-term cardiovascular health. For instance, in May 2022, according to the Centers for Disease Control and Prevention, a US-based governmental organization, the prevalence of coronary heart disease among adults aged 18 and over stood at 4.6% in 2020, experiencing a slight uptick to 4.9% in 2021. Therefore, the growing prevalence of cardiovascular diseases is driving the growth of the atenolol market.
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Major Key Players of the Market:
F. Hoffmann-La Roche Ltd., AstraZeneca Plc, Abbott Laboratories Inc., Shanghai Pharmaceuticals Holding Co. Ltd., LGM Pharma, Torrent Pharmaceuticals GmbH, Cipla Inc., Intas Pharmaceuticals Limited, Lupin Limited, Macleods Pharmaceuticals Ltd., Ipca Laboratories Limited, Aristo Pharmaceuticals Pvt. Ltd, Medley Pharmaceuticals Ltd., Micro Labs Ltd., Unichem Laboratories Limited, Harman Finochem Ltd., Axplora, Erregierre SpA, Darou Pakhsh Pharma Chem Co., Zydus Pharmaceuticals (USA) Inc., Anant Pharmaceuticals Pvt. Ltd., Enomark LLC, Hairui Chemical, Octavius Pharma Pvt. Ltd., Hoventa Pharma
Atenolol Market 2024 Key Insights:
• The atenolol market size is expected to see strong growth in the next few years. It will grow to $15.85 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.
• Rising Cardiovascular Disease Rates Drive Expansion Of Atenolol Market
• North America was the largest region in the atenolol market in 2023
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