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Pulmonary Arterial Hypertension Market: Profound Growth at 9.1% CAGR, Key Trends, and Drivers Forecast
Pulmonary Arterial Hypertension Market Growth
What Is The Projected Market Size Of The Global Pulmonary Arterial Hypertension Market And Its Growth Rate?
From 2024 to 2025, the increase in the pulmonary arterial hypertension market size is expected to trend from $8.47 billion to $9.24 billion. This growth is projected to occur at a compelling compound annual growth rate (CAGR) of 9.1%. Key factors driving growth in this historic period include:
- Increased awareness and diagnosis of pulmonary arterial hypertension (PAH)
- Increased healthcare expenditure
- Growth in aging population
- Expansion of pulmonary arterial hypertension treatment options
- Rise in research and development activities in pulmonary hypertension
The pulmonary arterial hypertension market size is further expected to accelerate to $12.97 billion in 2029, occurring at a CAGR of 8.8%. Growth in this forecast period is set to be attributed to:
- Adoption of novel therapies for pulmonary arterial hypertension
- Increased focus on early detection and diagnosis
- Growing pipeline of PAH drugs and therapies
- Integration of precision medicine in PAH treatment
- Expansion of healthcare infrastructure in emerging markets
What Is Driving The Growth In The Pulmonary Arterial Hypertension Market?
The remarkable upturn in the prevalence of pulmonary arterial hypertension (PAH) disease is a significant driver for the pulmonary arterial hypertension market growth. The rising number of PAH patients necessitating hospitalization and medical care for treatment is expected to catapult the demand for relevant medications in the imminent years. A study published by the National Organization for Rare Disorders, Inc., estimates that each year, the USA sees 500-1000 new cases of PAH, equivalent to one to two individuals per million. Europe presumably depicts similar incidence rates.
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Who Are the Key Players Driving Pulmonary Arterial Hypertension Market Growth?
Significant players operating in the pulmonary arterial hypertension market comprise:
- United Therapeutics Corporation
- Acceleron Pharma Inc.
- Actelion Pharmaceuticals US Inc.
- Bayer AG
- Eli Lilly and Company
- Gilead Sciences Inc.
- GlaxoSmithKline plc
- Johnson & Johnson
- Liquidia Technologies Inc.
- Lupin Pharmaceuticals Inc.
- Natco Pharma Ltd.
- Pfizer Inc.
- Sandoz AG
- Teva Pharmaceutical Industries Ltd.
- Zydus Pharmaceutical USA Inc.
- Allegheny Health Network
- Cedars-Sinai Medical Center
- Cleveland Clinic
- Houston Methodist Hospital
- Johns Hopkins Medicine
- Massachusetts General Hospital
- Mayo Clinic
- MedStar Heart & Vascular Institute
- National Jewish Health
- NewYork-Presbyterian Hospital
- Ochsner Medical Center
- Royal Brompton & Harefield NHS Foundation Trust
- Rush University Medical Center
- Stanford Health Care
- Swedish Medical Center
- Temple University Hospital
- University of California Health
What Are The Key Trends In The Pulmonary Arterial Hypertension Market?
The imminent forecast period indicates several growing trends in the pulmonary arterial hypertension market. These trends encompass advancements in medical imaging and diagnostic technologies, collaboration and partnerships for drug development, patient-centric approaches in pulmonary arterial hypertension management, and the increased use of combination therapy.
What Are The Segments Of The Global Pulmonary Arterial Hypertension Market?
The pulmonary arterial hypertension market is segmented as follows:
- By Drug Class: Endothelin Receptor Antagonists (ERAs), PDE-5 Inhibitors, Prostacyclin and Prostacyclin Analogs, SGC Stimulators
- By Route Of Administration: Oral, Intravenous Or subcutaneous, Inhalational
- By Distribution Channel: Retail, Online
Which Region Leads The Pulmonary Arterial Hypertension Market?
North America spearheaded the pulmonary arterial hypertension market in 2024 and covers various spaces including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Pulmonary Arterial Hypertension Market Global Market Report?
- Market Size Analysis: Analyze the Pulmonary Arterial Hypertension Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Pulmonary Arterial Hypertension Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Pulmonary Arterial Hypertension Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Pulmonary Arterial Hypertension Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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