The bisoprolol global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Bisoprolol Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The bisoprolol market size has grown strongly in recent years. It will grow from $1.84 billion in 2023 to $2 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to rising prevalence of cardiovascular diseases, growing aging population, expanding availability of generic drugs, increasing awareness of hypertension management, increased healthcare expenditure.
The bisoprolol market size is expected to see strong growth in the next few years. It will grow to $2.8 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to the growth of cardiovascular specialty clinics, enhanced availability of patient support programs, a rise in lifestyle-related disease incidences, a rising number of clinical trials and research studies, and increased funding for cardiovascular health initiatives. Major trends in the forecast period include advancements in drug delivery systems, development of patient-centric therapies, integration of artificial intelligence in drug development, and advancements in cardiovascular diagnostics.
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Scope Of Bisoprolol Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Bisoprolol Market Overview
Market Drivers –
The increasing prevalence of hypertension is expected to propel the growth of the bisoprolol market going forward. Hypertension is a medical condition characterized by consistently elevated blood pressure levels above normal. The cases of hypertension is driven by factors such as sedentary lifestyles, high rates of obesity, and poor diet. Bisoprolol is used in hypertension to help lower blood pressure by reducing the workload on the heart and improving blood flow. For instance, in May 2024, according to the Singapore Heart Foundation (SHF), a Singapore-based non-profit organization, the total number of deaths due to hypertensive diseases accounted for 3.7% in 2022, up from 3.4% in 2021. Therefore, the increasing prevalence of hypertension will drive the growth of the bisoprolol market.
Market Trends –
Major companies operating in the bisoprolol market focus on developing novel formulations, such as generic combinations, to increase accessibility, reduce costs, and expand market share. Generic combinations of bisoprolol help manage high blood pressure, heart failure, and angina by reducing heart rate and improving blood flow. For instance, in November 2022, Zydus Lifesciences Limited, an India-based pharmaceutical company, received final approval from the U.S. Food and Drug Administration (FDA), a US-based federal agency, for bisoprolol fumarate and hydrochlorothiazide extended-release tablets available in generic form. It is designed to offer effective blood pressure management by combining the beta-blocker Bisoprolol, which lowers heart rate and blood pressure, with Hydrochlorothiazide. This diuretic reduces fluid retention, all within a single extended-release tablet that ensures steady medication levels throughout the day for enhanced patient adherence and long-term hypertension control.
The bisoprolol market covered in this report is segmented –
1) By Type: Tablet, Capsule
2) By Distribution Channels: Hospital Pharmacies, Retail Pharmacies, Other Distribution Channels
3) By Application: High Blood Pressure, Coronary Heart Disease, Angina Pectoris, Other Applications
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Regional Insights –
North America was the largest region in the bisoprolol market in 2023. The regions covered in the bisoprolol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the bisoprolol market are Merck & Co. Inc., Abbott Healthcare Pvt Ltd., Novartis AG, Teva Pharmaceutical Industries Ltd., Aurobindo Pharma Limited, Intas Pharmaceuticals Limited, Cipla Limited, Hikma Pharmaceuticals, Lupin Limited, Dr. Reddy’s Laboratories Limited, Glenmark Pharmaceuticals Limited, Alkem Laboratories Limited, Ipca Laboratories Limited, Medreich Limited, Alembic Pharmaceuticals Limited, Accord Healthcare Limited, Zydus Lifesciences Limited, Zentiva Group, Taj Pharmaceuticals Limited, Torrent Pharmaceuticals Limited, Suanfarma, Rusan Healthcare Limited, VHB Lifesciences Limited, Synnat Pharmaceuticals, Vidakem Lifesciences Pvt Ltd., Pluviaendo Pharmaceuticals
Table of Contents
1. Executive Summary
2. Bisoprolol Market Report Structure
3. Bisoprolol Market Trends And Strategies
4. Bisoprolol Market – Macro Economic Scenario
5. Bisoprolol Market Size And Growth
…..
27. Bisoprolol Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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