Pulmonary Arterial Hypertension Global Market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033
The Business Research Company’s Pulmonary Arterial Hypertension Global Market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033
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The pulmonary arterial hypertension market has experienced strong growth in recent years. It is projected to increase from $7.85 billion in 2023 to $8.57 billion in 2024, reflecting a compound annual growth rate (CAGR) of 9.2%. This growth during the historical period can be attributed to factors such as heightened awareness and diagnosis of pulmonary arterial hypertension (PAH), increased healthcare expenditures, a growing aging population, the expansion of treatment options for PAH, and a rise in research and development activities focused on pulmonary hypertension.
What Is The Estimated Market Size Of The Global Pulmonary Arterial Hypertension Market And Its Annual Growth Rate?
The pulmonary arterial hypertension market is anticipated to witness strong growth in the coming years, reaching $11.99 billion by 2028, with a compound annual growth rate (CAGR) of 8.8%. This projected growth can be attributed to the adoption of novel therapies for pulmonary arterial hypertension, an increased focus on early detection and diagnosis, a growing pipeline of PAH drugs and therapies, the integration of precision medicine in PAH treatment, and the expansion of healthcare infrastructure in emerging markets.
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Growth Driver Of The Pulmonary Arterial Hypertension Market
The increasing number of clinical trials for drug development is expected to drive the growth of the pulmonary arterial hypertension market in the future. These clinical trials are research studies designed to assess the safety, efficacy, and potential side effects of new drugs or treatments in humans. Trials focused on pulmonary arterial hypertension can lead to the development of new and more effective treatments, enhancing quality of life, improving safety and efficacy, facilitating early access, and helping identify cost-effective therapies.
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Which Market Players Are Driving The Pulmonary Arterial Hypertension Market Growth?
Key players in the market include United Therapeutics Corporation, Acceleron Pharma Inc., Actelion Pharmaceuticals US Inc., Bayer AG, Eli Lilly and Company, Gilead Sciences Inc., GlaxoSmithKline plc, Johnson & Johnson, Liquidia Technologies Inc., Lupin Pharmaceuticals Inc., Natco Pharma Ltd., Pfizer Inc., Sandoz AG, Teva Pharmaceutical Industries Ltd., Zydus Pharmaceutical USA Inc., Allegheny Health Network, Cedars-Sinai Medical Center, Cleveland Clinic, Houston Methodist Hospital, Johns Hopkins Medicine, Massachusetts General Hospital, Mayo Clinic, MedStar Heart & Vascular Institute, National Jewish Health, NewYork-Presbyterian Hospital, Ochsner Medical Center, Royal Brompton & Harefield NHS Foundation Trust, Rush University Medical Center, Stanford Health Care, Swedish Medical Center, Temple University Hospital, University of California Health.
What Are the Key Trends That Influence The Pulmonary Arterial Hypertension Market Size?
Key companies in the pulmonary arterial hypertension market are concentrating on obtaining product approvals, such as Tyvaso, to drive revenue growth. Tyvaso (treprostinil) inhalation solution is prescribed for patients with interstitial lung disease (PH-ILD; WHO Group 3) and pulmonary hypertension, aiming to improve their exercise capacity.
How Is The Global Pulmonary Arterial Hypertension Market Segmented?
1) By Drug Class: Endothelin Receptor Antagonists (ERAs), PDE-5 Inhibitors, Prostacyclin and Prostacyclin Analogs, SGC Stimulators
2) By Route of Administration: Oral, Intravenous/ subcutaneous, Inhalational
3) By Distribution channel: Retail, Online
Geographical Insights: North America Leading The Pulmonary Arterial Hypertension Market
North America was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Pulmonary Arterial Hypertension Market Definition
Pulmonary arterial hypertension is a condition characterized by elevated blood pressure that affects the right side of the heart and the arteries in the lungs. This chronic and incurable condition causes the walls of the pulmonary arteries to become constricted and rigid. Medications for pulmonary arterial hypertension work by relaxing the muscles in the walls of the blood vessels, increasing blood flow through the lungs, or counteracting the substances that cause the blood vessel walls to narrow.
Pulmonary Arterial Hypertension Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global pulmonary arterial hypertension market report covering trends, opportunities, strategies, and more
The Pulmonary Arterial Hypertension Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on pulmonary arterial hypertension market size, pulmonary arterial hypertension market drivers and trends, pulmonary arterial hypertension market major players and pulmonary arterial hypertension market growth across geographies. This market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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