Global Telmisartan Market (2020 to 2027) – by Indication, Distribution Channel and Geography – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Telmisartan Market by Indication and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2020-2027” report has been added to ResearchAndMarkets.com’s offering.

The global telmisartan market was valued at $3,453 million in 2019, and is projected to reach $4,258 million by 2027, registering a CAGR of 3.4% from 2020 to 2027.

Telmisartan drug is a non-peptide angiotensin receptor blocker (ARB) used alone or in combination with other agents such as hydrochlorothiazide and amlodipine, for treatment of hypertension. Moreover, it is used in treatment of cardiovascular risk reduction. Telmisartan is available in tablets of different strengths such as 20, 40 and 80 mg tablets under the trade name Micardis. In addition, telmisartan tablet is available in generic forms. The daily dose of telmisartan for hypertension is 40 to 80 mg and for cardiovascular risk reduction it is 80 mg. These drugs are prescribed by a physician, and are available in retail stores, online pharmacies, and hospital pharmacies.

The growth of the global telmisartan market is driven by surge incidence of hypertension across the globe. Furthermore, rise in awareness related to complications associated with hypertension and cardiovascular is another major factor that fuels the growth of the market. In addition, surge in geriatric population and sedentary lifestyle act as key drivers of the global market. Moreover, increase in approval for abbreviated new drug application (ANDA) for manufacturing of generic telmisartan tablets and rise in cases of chronic kidney disease is expected to propel growth of telmisartan market. However, drug shortages are expected to restrain the growth of the telmisartan market. Conversely, surge in research related to telmisartan drug in emerging economies is expected to offer lucrative opportunities during the forecast period.

The global telmisartan market is segmented into indication, distribution channel, and region. On the basis of indication, the market is categorized into hypertension and cardiovascular risk reduction. Depending on distribution channel, it is segregated into hospital pharmacies, drug stores and retail pharmacies, and online pharmacies. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA

Key Benefits

• The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
• It offers a quantitative analysis from 2019 to 2027, which is expected to enable the stakeholders to capitalize on the prevailing market opportunities.
• A comprehensive analysis of four regions is provided to determine the existing opportunities.
• The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global market.

Market Dynamics

Drivers

• Surge in Geriatric Population Worldwide
• Increase in Healthcare Expenditure Worldwide Coupled with Surge in Awareness Towards Treatment of High Blood Pressure
• Rise in Prevalence of Hypertension Across the Globe

Restraint

• Drug shortages of Telmisartan Tablets

Opportunities

• High Growth Potential in Developing Economies

Key Players

• Abbott Laboratories
• Aurobindo Pharma
• Boehringer Ingelheim International GmbH
• Cipla Inc.
• Glaxosmithkline Plc (GSK)
• Mylan N.V.
• Sanofi
• Sun Pharmaceutical Industries Limited
• Teva Pharmaceutical Industries Ltd. (Actavis Generics)
• Zydus Cadila

For more information about this report visit https://www.researchandmarkets.com/r/hea6ps

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

[email protected]
For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900