Angiotensin Converting Enzymes (ACE) Inhibitors Market Growth to register a CAGR of 0.8% to reach US$ 12.4 Billion by 2026, Says Coherent Market Insights
Angiotensin Converting Enzymes (ACE) Inhibitors Market Insights
Angiotensin converting enzymes inhibitors are used for the treatment of various medical conditions such as hypertension, coronary artery disease, heart failure, diabetes, chronic kidney diseases, scleroderma, and migraine. Frequently prescribed angiotensin converting enzyme (ACE) inhibitors include benazepril, perindopril, trandolapril, captopril, enalaopril, lisinopril, and ramipril. Moreover, ACE inhibitors are the first choice drugs by healthcare providers for the treatment of hypertension.
The global angiotensin converting enzymes (ACE) inhibitors market was valued at US$ 11,693.6 million in 2017 and is expected to exhibit a CAGR of 0.8% over the forecast period (2018-2026).
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Figure 1. Global Angiotensin Converting Enzymes (ACE) Inhibitors Market Value Analysis (US$ Mn) and Y-o-Y Growth (%)
Source: Coherent Market Insights Analysis (2019)
Increasing prevalence of hypertension is expected to drive growth of the angiotensin converting enzymes (ACE) inhibitors market
Increasing prevalence of hypertension is one of the major drivers for the angiotensin converting enzymes (ACE) inhibitors market growth. For instance, according to the World Health Organization’s (WHO) report, 2018, around 207 million people including 112 million men and 95 million women suffer from hypertension, annually in India.
Moreover, increasing number of research and development activities for improvement of cardiovascular functions during pregnancy is expected to propel the angiotensin converting enzyme (ACE) inhibitors market growth over the forecast period. For instance, in September 2018, Manchester University NHS Foundation Trust initiated clinical Phase II study of Enalapril Maleate for the pre-eclampsia condition. This study is for evaluating drug safety and efficacy on the patients. Pre-eclampsia condition is a pregnancy complication characterized by high blood pressure. It has various signs and symptoms including proteinuria, upper abdominal pain, and shortness of breath.
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Angiotensin Converting Enzymes (ACE) Inhibitors Market – Regional Analysis
Regional segmentation of the global angiotensin converting enzymes (ACE) inhibitors market comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
North America angiotensin converting enzymes (ACE) inhibitors market is expected to account for the largest market share over the forecast period, owing to increasing product approvals by the U.S. Food and Drug Administration (FDA). For instance, in August 2016, Silvergate Pharmaceutical Inc. received the U.S. FDA approval for its Qbrelis, containing Lisinopril, an oral solution 1 mg/ml. This drug is indicated for the treatment of hypertension in adult and children.
Moreover, Europe is expected to gain significant share in the global angiotensin converting enzymes (ACE) inhibitors market over the forecast period, owing to increasing product launches in the region. For instance, in September 2012, France-based Ceva Sante Animale S. A. launched its new combination drug, Benazepril and Spironolactone Tablet, for the treatment of heart failure in humans as well as in dogs.
Asia Pacific is also expected to witness significant growth in the angiotensin converting enzymes (ACE) inhibitors market over the forecast period, owing to increasing awareness activities regarding hypertension and its prevention in this region. For instance, in May 2018, Indian Council of Medical Research (ICMR) organized an awareness campaign on hypertension in collaboration with Public Health Foundation of India. According to ICMR, around 10.8% deaths annually caused by hypertension in India. Therefore, such programs are expected to increase awareness for the treatment and management of hypertension, which is further expected to fuel the ACE inhibitors market growth in the region.
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Figure 2: Global Angiotensin Converting Enzymes (ACE) Inhibitors Market Value (US$ Mn), By Region, 2018
Source: Coherent Market Insights Analysis (2019)
Angiotensin Converting Enzymes (ACE) Inhibitors Market – Competitive Landscape
Key players operating in the angiotensin converting enzymes (ACE) inhibitors market include Pfizer, Inc., AstraZeneca Pharmaceutical Company, Novartis AG, Daiichi Sankyo Company, Ltd., United Therapeutics Corporation, Sanofi S.A., Johnson & Johnson Services, Inc., Merck KGaA, Takeda Pharmaceutical Company, and Bayer AG.
- Global Angiotensin Converting Enzymes (ACE) Inhibitors Market, By Drugs:
- Global Angiotensin Converting Enzymes (ACE) Inhibitors Market, By Application:
- Coronary artery disease
- Heart failure
- Chronic kidney disease
- Global Angiotensin Converting Enzymes (ACE) Inhibitors Market, By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
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