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Strong Growth Ahead: Isosorbide Mononitrate Tablet Market Size To Grow At Arecord 5.6% Cagr By 2029
Isosorbide Mononitrate Tablet
How Big Is the Isosorbide Mononitrate Tablet Market Size Expected to Be by 2034?
The market for isosorbide mononitrate tablets has seen robust growth in the past few years. The market, valued at $1.14 billion in 2024, is projected to increase to $1.21 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.9%. Factors leading to this growth during the historical period include an aging population, a rise in heart-related diseases, greater consciousness about heart health, the availability of generic drugs, and public health initiatives.
The market for isosorbide mononitrate tablets is predicted to experience substantial growth in the coming years, reaching an estimated $1.51 billion by 2029, expanding at a compound annual growth rate (CAGR) of 5.6%. This growth for the projected period can be credited to factors such as regulatory clearances and patent sunsets, increased utilization of generic medications, escalating lifestyle-connected risk elements, government-led initiatives in managing cardiovascular ailments, enhancements in diagnostic facilities, and awareness initiatives. Future trends for the prediction period encompass progress in prolonged-release formulations, technological breakthroughs, the emergence of digital health platforms and e-commerce, incorporation of digital health tools, and combination of isosorbide mononitrate with other drugs for cardiovascular treatment.
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What Are the Emerging Segments Within the Isosorbide Mononitrate Tablet Market?
The isosorbide mononitrate tablet market covered in this report is segmented -
1) By Dosage Form: Immediate-Release Tablets, Extended-Release Tablets
2) By Indication Type: Angina Pectoris, Heart Failure, Hypertension
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
Subsegments:
1) By Immediate-Release Tablets: Low-Dose, Single Strength Tablets, Combination With Other Drugs
2) By Extended-Release Tablets: Moderate-Dose, High-Dose, Once-Daily Formulation, Twice-Daily Formulation
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What Long-Term Drivers Are Shaping Isosorbide Mononitrate Tablet Market Trends?
The escalating cases of cardiovascular disorders are projected to fuel the surge of the isosorbide mononitrate tablet market. These ailments involve issues with the heart and blood vessels such as coronary artery disease, heart failure, and hypertension. Their prevalence is majorly caused by unhealthy eating patterns, characterized by high levels of saturated and trans fats, sodium, and added sugars contributing to conditions like obesity, hypertension, and high cholesterol. Isosorbide mononitrate tablets are a way to manage these diseases as they help in relaxing and broadening the blood vessels resulting in better blood flow and less workload on the heart. This can alleviate angina, lower blood pressure, and improve oxygen delivery to the heart muscle. For example, the Australian Institute of Health and Welfare reported in December 2023 that physicians authorized fatalities due to coronary heart disease rose to 14,100 in 2021 and went up again to 14,900 in 2022. Hence, the escalating cases of cardiovascular disorders are stimulating the growth surge of the isosorbide mononitrate tablet market. The upsurge in the online pharmacy industry is anticipated to catalyze the market growth of the isosorbide mononitrate tablet, owing to the growing consumer demand for accessibility and convenience. These digital platforms serve as an online portal enabling customers to buy prescription and over-the-counter drugs. The increasing presence of online pharmacies can be largely attributed to rising customer demand for convenience, cost-effectiveness, and easy access to medicines and health products, negating the need to visit brick-and-mortar stores. They enable easy access to isosorbide mononitrate tablets through home delivery, competitive price rates, and enhanced availability, especially for patients managing chronic ailments. For instance, a survey in September 2023 conducted by the Alliance for Safe Online Pharmacies on 1,500 Americans revealed that 52% of Americans aged 18 and older had used an online pharmacy before. This is a 10% increase from 2021 and a 17% increase from 2020. Therefore, the upsurge in the online pharmacy industry is bolstering the growth of the isosorbide mononitrate tablet market.
Who Are the Top Competitors in Key Isosorbide Mononitrate Tablet Market Segments?
Major companies operating in the isosorbide mononitrate tablet market are Pfizer Inc., Merck & Co. Inc., AstraZeneca PLC, Abbott Laboratories Inc., Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Aurobindo Pharma Ltd., Cipla Ltd., Zydus Lifesciences Limited, Recipeharm, Torrent Pharmaceuticals Ltd., Micro Labs Ltd., Lotus Pharmaceuticals, Healthy Inc., Qilu Pharmaceutical Co., Ltd, Lunan Pharmaceutical Group, Johnlee Pharmaceuticals Pvt. Ltd., Niksan Pharmaceutical, Shandong Keyuan Pharmaceutical, Prevego HealTH*Care & Research Private Limited.
What Are the Latest Developing Trends in the Isosorbide Mononitrate Tablet Market?
Leading firms in the isosorbide mononitrate tablet industry are prioritizing the creation of innovative products, such as extended-release (ER) formulations. These advancements aim to improve adherence in patients, provide long-lasting therapeutic effects, and maximize the success of treatments for ailments including angina pectoris. Extended-release formulations are an advanced medication delivery mechanism which allows for a gradual release of the drug over a prolonged timeframe. This decreases the frequency of dosing and maintain stable blood concentrations of the drug. For example, in February 2024, Zydus Lifesciences Limited, a pharmaceutical manufacturing company based in India, earned approval from the United States Food and Drug Administration (USFDA) to produce and commercialize isosorbide mononitrate extended-release tablets USP with dosages of 30 mg, 60 mg, and 120 mg. These tablets are designed to prevent angina in patients diagnosed with coronary artery disease, equivalent in effect to the reference listed drug (RLD), imdur extended-release tablets.
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Which Regions Are Becoming Hubs for Isosorbide Mononitrate Tablet Market Innovation?
North America was the largest region in the isosorbide mononitrate tablet market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the isosorbide mononitrate tablet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Isosorbide Mononitrate Tablet Market?
2. What is the CAGR expected in the Isosorbide Mononitrate Tablet Market?
3. What Are the Key Innovations Transforming the Isosorbide Mononitrate Tablet Industry?
4. Which Region Is Leading the Isosorbide Mononitrate Tablet Market?
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