Geriatric Medicines For Cardiovascular Ailments Will Account For 45% Revenue Until 2031: Fact.MR
According to Fact MR’s recent market research, Antihypertensive Medicine sales to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.
Fact.MR, a market research and competitive intelligence provider, states that the sales of geriatric medicines will reach US$ 768 Mn by the end of 2021. As per the report, geriatric medicines for cardiovascular ailments will account for 45% revenue until 2031. By the end of the forthcoming decade, the global market for geriatric medicines will likely surpass US$ 1.5 Bn.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Antihypertensive Medicine market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Antihypertensive Medicine
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Focus on improving overall patient care will remain a chief growth driver. Besides this, Antihypertensive Medicine market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.
Digital Transformation in Healthcare Presenting Opportunities for Antihypertensive Medicine Market Growth
Healthcare organizations around the world are deploying digital tools to accommodating changing consumer preferences. They are pressing on solving the long-standing challenge pertaining to care model innovation.
Considering this, the focus on making healthcare affordable and more transparent will increase. Adoption of care model innovation in healthcare will have a profound impact on the Antihypertensive Medicine market.
Global Geriatric medicines market: Analysis on Market Size Evaluation
The global geriatric medicines market has been analyzed for each market segment, in terms of value (US$ Mn).
Market estimates at global and regional levels for geriatric medicines market is available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent geriatric medicines market segments, along with market attractiveness evaluation has been incorporated in the report.
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Global Geriatric Medicines Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the global geriatric medicines market report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (economic, and business environment outlook), which are expected to have a momentous influence on the growth of the global geriatric medicines market during the forecast period.
Country-specific valuation on demand for geriatric medicines has been offered for each regional market, along with the market scope, estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value for emerging countries has also been included in the report.
Global Geriatric Medicines Market: In-Depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of global geriatric medicines market along with their detailed profiles. Essential and up-to-date data and information related to the market performers, who are principally engaged in the production of geriatric medicines, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.
Key Takeaways of Global Geriatric Medicines Market Study:
• By therapeutics, analgesic drugs are projected to dominate the global geriatric medicines market, growing at a CAGR of 6.0% and capturing greater than two-fifth market share. Usage of painkillers such as Ibuprofen and Diclofenac to address chronic conditions such as arthritis are anticipated to drive the segment’s growth.
• The antihypertensive segment is anticipated to catch up, registering a CAGR of 6.5%. Increased prevalence of hypertension owing to changing lifestyles is a key growth determinant for this segment.
• By condition, the cardiovascular segment shall retain market hegemony over the forecast period. Projections indicate a market share exceeding two-fifths of the global geriatric medicines market. Increasing incidences of cardiac arrests and strokes among the geriatric population is anticipated to boost market prospects.
• By distribution channel, hospitals are anticipated to account for the maximum market share, capturing more than half of the global geriatric medicines market. Expanding base of hospitals and surge in the number of hospital visits for treatment of various chronic diseases are poised to steer growth.
• North America shall retain market leadership throughout the forecast period. The region is anticipated to expand at a CAGR of 5.9%, capturing nearly 2/5th of the global geriatric medicines market. Rising cases of diseases such as obesity, presence of key market players, emerging clinical studies and research projects are anticipated to boost the region’s growth.
• Asia-Pacific shows lucrative growth prospects. Rising prevalence of diseases due to a large population base and investment in health infrastructure shall also drive the region’s growth. Asia-Pacific is poised to expand at a CAGR of 6.7%, capturing 1/5th of the global geriatric medicines market.
• The coronavirus pandemic is set to leverage the geriatric medicines market. As the number of infections rise daily, the most vulnerable pool is the geriatric population. This is because they already suffer from chronic conditions, thus rendering them immunocompromised.
• Key players are ensuring that their supply chains in the geriatric medicines segment is not compromised. Moreover, they are also investing in clinical trials to develop critical drug formulations which could help eradicate the coronavirus.
• Astra Zeneca, for instance, has initiated a clinical trial to assess whether one of their drugs has the potential to alleviate the exaggerated immune response posed by the coronavirus infection. The trial would help assess how one of their existing medicines would help alleviate the cytokine storm associated with the coronavirus disease.
“The global geriatric medicines market is set to embark on a positive growth trajectory. Geriatric treatment has necessitated advancements to provide quality treatment to patients. Therefore, important manufacturers are continuously introducing new pipeline drugs for treatment of lifestyle and chronic diseases,” concludes a Fact.MR analyst.
Global Geriatric Medicines Market Segmentation
Fact.MR has studied the global geriatric medicines market with detailed segmentation on the basis of therapeutic category, condition, distribution channel, and region.
• Proton Pump Inhibitor
• Anti-psychotic and Anti-depressant
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
• North America
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
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Report Benefits & Key Questions Answered
• Antihypertensive Medicine Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
• Antihypertensive Medicine Historical volume analysis: The report provides a comparison of Antihypertensive Medicine’s historical sales and projected sales performance for 2021-2031.
• Antihypertensive Medicine Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Antihypertensive Medicine market. It carefully gauges the impact of changing healthcare needs of key demographics globally
• Antihypertensive Medicine Consumption by demographics: The report investigates consumer behavior affecting Antihypertensive Medicine demand outlook for the assessment period. Effect of their keenness for digital trends on Antihypertensive Medicine market is carefully analyzed
• Post COVID consumer spending on Antihypertensive Medicine: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Antihypertensive Medicine market growth.
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