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Peripheral Vasodilator Drugs Market: Major Trends Reshaping the Future of the Industry
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Peripheral Vasodilator Drugs Industry Market Size Be by 2025?
The market for peripheral vasodilator drugs has seen robust expansion in the recent past. The market will surge from $6.27 billion in 2024 to $6.67 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The historical growth has been driven by a shift to less invasive surgical methods, the need for minimally invasive structural heart devices, continuous education and training for healthcare workers, increasing health care expenditure, and a preference among patients for non-surgical or minimally invasive treatment options.
What's the Long-Term Growth Forecast for the Peripheral Vasodilator Drugs Market Size Through 2029?
The market for peripheral vasodilator drugs is anticipated to observe substantial growth in the coming years, expanding to a value of $8.44 billion by 2029, with a compound annual growth rate (CAGR) of 6.1%. The escalation projected during this period could be ascribed to various factors such as an increase in the aging populace, a rise in the consciousness regarding cardiac health, the institution of screening protocols, supportive reimbursement systems for structural heart procedures, and prompt regulatory accreditations for new structural heart instruments. The prediction period is expected to witness significant trends, including an increase in partnerships, real-world proof, genetical therapy, preventive measures, and value-focused healthcare.
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What Are the Key Growth Drivers Fueling the Peripheral Vasodilator Drugs Market Expansion?
The anticipated rise in cardiovascular diseases is predicted to drive the growth of the peripheral vasodilator drug market. Cardiovascular diseases, encompassing various disorders that impact the heart and blood vessels often due to atherosclerosis, can result in strokes, heart attacks, heart failure, and hypertension. These conditions primarily stem from inactive lifestyles, unbalanced diets, aging, escalating obesity rates, as well as related diseases like diabetes and high blood pressure. Peripheral vasodilators have sizable effects on cardiovascular diseases by ameliorating blood circulation, decreasing blood pressure, lessening the heart's workload, and relieving symptoms associated with diseases like peripheral arterial disease. To exemplify, data from the Australian Institute of Health and Welfare, a government agency based in Australia, revealed that medically certified deaths due to coronary heart disease (CHD) saw a leap from 14,100 in 2021 to 14,900 in 2022. Thus, the escalating prevalence of cardiovascular diseases fuels the growth of the peripheral vasodilator drug market.
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What Are the Key Trends Driving Peripheral Vasodilator Drugs Market Growth?
Key players in the market for peripheral vasodilator drugs are directing their efforts towards the development of triple-drug combination therapies, with an eye on improving treatment results and growing their market share in the cardiovascular therapeutics sector. This type of therapy is a type of antihypertensive fixed-dose combination (FDC) designed for individuals who haven't had satisfactory results with dual-drug treatments, or can't use diuretic-based combinations. For example, in August of 2023, Ajanta Pharma Limited, a pharmaceutical enterprise based in India with a focus on cardiology, launched Met XL AMT, an innovative triple-drug therapy for controlling hypertension in Indian patients. This FDC consists of three antihypertensive components, Metoprolol, Amlodipine, and Telmisartan, which act in unison to reduce blood pressure by causing blood vessels to relax, a key trait of peripheral vasodilators. The drug has specifically been approved by the DCGI for the management of uncontrolled hypertension along with stable coronary artery disease, making it the first-of-its-kind fixed-dose combination (FDC) of metoprolol succinate (extended-release) 50 mg, amlodipine 5 mg, and telmisartan 40 mg worldwide.
How Is the Peripheral Vasodilator Drugs Market Segmented?
The peripheral vasodilator drugs market covered in this report is segmented -
1) By Drug Type: Calcium Channel Blockers, Direct-Acting Vasodilators, Alpha-Adrenergic Blockers, Potassium Channel Activators, Nitrates, Other Types
2) By Indication: Hypertension, Angina, Heart Failure, Other Indications
3) By Application: Hospital, Retail Pharmacies, Other Applications
Subsegments:
1) By Calcium Channel Blockers: Dihydropyridines, Non-Dihydropyridines
2) By Direct-Acting Vasodilators: Hydralazine, Minoxidil, Nitroprusside
3) By Alpha-Adrenergic Blockers: Prazosin, Doxazosin, Terazosin
4) By Potassium Channel Activators: Nicorandil, Diazoxide
5) By Nitrates: Nitroglycerin, Isosorbide Dinitrate, Isosorbide Mononitrate
6) By Other Types: Phosphodiesterase Inhibitors, Endothelin Receptor Antagonists
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Which Companies Are Leading the Charge in Peripheral Vasodilator Drugs Market Innovation?
Major companies operating in the peripheral vasodilator drugs market are Pfizer Inc., Bayer AG, Sanofi S.A., Thermo Fisher Scientific Inc., AstraZeneca PLC, Abbott Laboratories, Novartis AG, GSK plc, Takeda Pharmaceutical Company, Gilead Sciences Inc, Amgen Inc, Boehringer Ingelheim International GmbH, Merck & Co, Viatris Inc., Baxter, Teva Pharmaceutical Industries, Astellas Pharma, Daiichi Sankyo Company, Limited, Sun Pharmaceutical Industries, Mitsubishi Tanabe Pharma, Cipla Limited, Hikma Pharmaceuticals, Lupin Pharmaceuticals, Glenmark Pharmaceuticals Ltd, Torrent Pharmaceuticals, Ipca Laboratories, Alembic Pharmaceuticals
Which Regions Are Leading the Global Peripheral Vasodilator Drugs Market in Revenue?
North America was the largest region in the peripheral vasodilator drugs market in 2024. The regions covered in the peripheral vasodilator drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global Peripheral Vasodilator Drugs Market is projected to witness…