2020-2027 Analysis and Review Amlodipine Besylate Market
Amlodipine Besylate Market By Clinical Application (Hypertension, Chronic Stable Angina and Others), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2027
The amlodipine besylate market was valued at USD 1,049.6 Mn by 2019. Rising prevalence of hypertension worldwide primarily drives the amlodipine besylate market growth. Additionally, the effective implementation of treatment guidelines pertaining to coronary artery disease further accentuates the market growth.
According to the information furnished by the World Health Organization (WHO), it is estimated that cardiovascular diseases are the number 1 cause of death globally, in which three-quarters of the victims are residing in the low and middle-income countries. Amlodipine besylate belongs to the class of calcium channel blockers in due to its strong affinity for cell membranes modulating the calcium influx by inhibiting selected calcium channel membranes. These pharmacodynamic effects allow it to have a long-lasting effect and low dosing frequency.
The major segments related to the amlodipine besylate market are:
By Clinical Application (2017–2027; US$ Mn)
Hypertension
Chronic Stable Angina
Others
By Distribution Channel (2017–2027; US$ Mn)
Hospital Pharmacy
Retail Pharmacy
Others
Geography Segment (2017–2027; US$ Mn)
North America
U.S.
Canada
Europe
United Kingdom
Germany
Russia
France
Italy
Spain
Ukraine
Rest of Europe
Asia Pacific
China
Japan
Rest of Asia Pacific
Latin America (LATAM)
Brazil
Mexico
Rest of Latin America
Middle East and Africa (MEA)
GCC
Rest of MEA
Justification for study?
Report gist?
The study includes the profiles of major market players with a significant global and regional presence along with top company positioning
Significant customers?
Segment Analysis
Hypertension is spearheading the clinical application segment for the amlodipine besylate market. Increasing consumption of alcohol, tobacco products, junk foods, a sedentary lifestyle is associated with the disease etiology of hypertension worldwide. As per the latest research citings presented by the World Health Organization (WHO), approximately 1.13 people across the globe are suffering from hypertension. Chronic stable angina will be showcasing rampant market growth during the forecast period on account of the growing incidence of coronary artery disease worldwide. According to the research information provided by the Lancet Journal, it is estimated that 18% of the individuals suffering from coronary artery disease further suffer from angina attacks.
Hospital pharmacy is presently leading the distribution channel segment for the amlodipine besylate market. The drug is associated with side effects such as swelling, dizziness, drowsiness, nausea, etc., which makes it necessary for accurate drug dispensing under the medical supervision of a hospital pharmacist. Retail pharmacy is expected to garner magnificent market performance in the near future owing to the flourishing generic drugs market and capacity to cater to the medicinal requirements of households residing in the remote locations.
North America is the clear leader in the geography segment for the amlodipine besylate market. The rising prevalence of coronary artery disease primarily drives market growth in the region. According to the latest research citings provided by the Center for Disease Control and Prevention (CDC), approximately 9.8 million Americans suffer from angina pectoris. Additionally, the nurturing environment provided by the USFDA for the sale and distribution of amlodipine besylate drug formulations and favorable reimbursement scenario associated with the medicinal use of the drug together accentuates the market growth in the region. Europe is considered as the second-largest regional segment on account of the growing incidence of coronary disease in the young adult population residing in the region. Furthermore, the domicile of key players such as Merck KGaA, Sandoz, Inc., Teva Pharmaceutical Industries Limited., Mylan Pharmaceutical Industries Limited, etc further propels the market growth in the region. The Asia Pacific is anticipated to be the fastest-growing regional segment for the amlodipine besylate market on account of the flourishing generic drugs market and effective implementation of the treatment guidelines pertaining to the management of hypertension.
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