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Beta Blockers Market on Track for Strong Growth, Estimated to Grow at 6.2% CAGR Through 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Beta Blockers Market Through 2025?
In recent times, the beta blockers market has witnessed robust growth. The market's worth is expected to rise from $9.67 billion in 2024 to $10.22 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.8%. This upward trend during the historic period is largely due to its use in managing hypertension, treating cardiovascular diseases, providing care after a myocardial infarction, preventing migraines, and controlling anxiety and tremors.
What's the Projected Size of the Global Beta Blockers Market by 2029?
The market for beta blockers is anticipated to witness significant expansion in the coming years, with its value escalating to "$13 billion by 2029 at a compound annual growth rate (CAGR) of 6.2%. This surge during the forecasted period can be linked to factors such as the rising occurrence of cardiovascular diseases, broader usage in heart failure scenarios, combined therapies, concentration on hypertension protocols, and the investigation of new indications. Noteworthy trends for the forecast period comprise their use in situations involving anxiety and performance, potential properties for neuroprotection, personalized treatment strategies, the influence of generic variants, and the merging with digital health platforms.
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Top Growth Drivers in the Beta Blockers Industry: What's Accelerating the Market?
The escalation in cardiovascular disease occurrences is set to stimulate the expansion of the beta blockers market. Cardiovascular diseases (CVDs), which involve the heart and blood vessels, are generally induced by unhealthy diets, bad habits, insufficient exercise, usage of tobacco, and obesity, situations where beta blockers can aid in reducing cardiovascular instances by applying several advantageous impacts on the heart and blood vessels. Thus, escalating instances of cardiovascular diseases contribute to the beta blockers market's expansion. For example, in September 2024, the British Heart Foundation, a cardiovascular research charity based in the UK, disclosed data indicating approximately 7.6 million people in the UK are coping with heart and circulatory diseases. About 4 million of these are males, with 3.6 million being females. These diseases account for roughly 27% of all deaths in the UK, meaning over 170,000 deaths per year. This breaks down to around 480 deaths daily, or one every three minutes. Consequently, an increase in cardiovascular disease occurrences is likely to spur the growth of the beta blockers market.
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What Trends Will Shape the Beta Blockers Market Through 2029 and Beyond?
Leading entities in the beta-blockers market are concentrating on the development of innovative products like cardioselective beta-blockers and ultra-short-acting beta-blockers, to enhance results in cardiovascular health. The specialty of cardioselective beta-blockers is their selective targeting of ß1 receptors in the heart, which reduces respiratory side effects and boosts effectiveness through advanced formulations. Ultra-short-acting beta-blockers such as Landiolol offer quick commencement and cessation of action, proving to be perfect for urgent care environments and severely ill patients who require immediate heart rate control. In January 2022, Eagle Pharmaceuticals, Inc., a pharmaceutical organization based in the US, declared the submission of a new drug application (NDA) for Landiolol, a beta-1 adrenergic blocker, designed for short-term reduction of ventricular rates in patients experiencing supraventricular tachycardia, inclusive of atrial fibrillation and atrial flutter. The main objective behind this action is to bring Landiolol into the U.S. market, thus amplifying Eagle Pharmaceuticals' standing in the acute care sector and eventually providing better treatment alternatives for patients suffering from tachycardia.
What Are the Main Segments in the Beta Blockers Market?
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
Subsegments:
1) By Non-Selective Agents: Propranolol, Nadolol, Timolol
2) By Selective Agents: Atenolol, Metoprolol, Bisoprolol, Nebivolol
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Which Top Companies are Driving Growth in the Beta Blockers Market?
Major companies operating in the beta blockers market include 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.
Which Regions Will Dominate the Beta Blockers Market Through 2029?
North America was the largest region in the beta blockers market in 2024.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
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