SandlerResearch.org adds Global Hypertension Drugs Market 2016-2020 a new research reports in its store. The acceptability of hypertension drugs is expected to rise due to the growing awareness about hypertension and its treatment options. For instance, the National High Blood Pressure Education Program, coordinated by the National Heart, Lung, and Blood Institute of National Institutes of Health, is a cooperative effort among professionals, voluntary health agencies, and state health departments with a goal to cut down death and disability related to high BP through programs of professional, patient, and public education.
Complete report on hypertension drugs market spread across 87 pages, analyzing 6 major companies and provides 63 data exhibits is now available at http://www.sandlerresearch.org/global-hypertension-drugs-market-2016-2020.html .
The analysts forecast global hypertension drugs market to decline at a CAGR of (0.93) % during the period 2016-2020. According to the report, the prevalence of hypertension is high among the older population, with about 70% of high BP patients being above the age of 60. In 2013, the Pulmonary Hypertension Association in the UK reported 21% of the pulmonary hypertension patients to be in the age group of 60-69 years. The registry reported that in the UK and Ireland, 26% of the patients were in the age group 51-65 years while 23% were above 65 years. Around 11% of the global population is constituted by people aged 60 years and older, and by 2050, it is expected to rise to 22%. Thus, a steady increase in the hypertension prevalence population will drive the growth of the global hypertension drugs market. This leads to an increase in the costs associated with treatment, increasing the growth of the market.
During 2015, the systemic hypertension drugs segment dominated the hypertension drugs market and accounted for close to 87% of the market share. However, the market segment is expected to witness a decline in the forecast period because of patent expiries of drugs, followed by generic erosion. The systemic hypertension drugs market is expected to reach more than USD 27 billion by the end of 2020.
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The global market for the hypertension drugs is high consolidated due to the presence of a few well-established vendors. At present, the market is declining because of the increased use of generic drugs. Therefore, companies are investing heavily in the development of new medicines for the treatment of hypertension.
Main players in the Global Hypertension Drugs Market: Actelion Ltd., AstraZeneca plc, Boehringer Ingelheim GmbH, Daiichi Sankyo Company, Ltd., Novartis AG, and Sanofi SA. Other Prominent Vendors in the market are: Actelion Pharmaceuticals, Arena Pharmaceuticals, Asahi Kasei, Bayer HealthCare, Bellerophon Therapeutics, Bial, CJ HealthCare, Conatus Pharmaceuticals, Daiichi Sankyo, Deka Pharmaceuticals, Dong-A ST, Eiger BioPharmaceuticals, Forest Laboratories, Gilead Sciences, HanAll BioPharma, Hanmi Pharmaceutical, Johnson & Johnson, LG Life Sciences, Lung Biotechnology, Lupin Pharmaceuticals, Mast Therapeutics, Merck, Northern Therapeutics, Ono Pharmaceutical, Pfizer, PhaseBio, Pluristem Therapeutics, Quantum Genomics, Radikal Therapeutics, Reata Pharmaceuticals, Serodus, sigma-tau i.f.r, SteadyMed Therapeutics, Suda, Sun Pharmaceutical Industries, Symplmed Pharmaceuticals, Takeda Pharmaceuticals, United Therapeutics, Valeant Pharmaceuticals, XOMA, and Yuhan.
Further, the report states that patent expiries result in the loss of an exclusive market for a drug, leading to a rapid decline in the sales of the particular drug.
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