Nifedipine Medication Market Synopsis:
Nifedipine Medication Market Size Was Valued at USD 1,049.7 Million in 2023, and is Projected to Reach USD 2,336.94 Million by 2032, Growing at a CAGR of 9.3 % From 2024-2032.
The Nifedipine Medication Market pertains to the pharma market concerning Nifedipine which is included by the calcium channel blocker and used for hypertension, angina pectoris and the other cardiovascular diseases. Nifedipine belongs to calcium channel blockers since it results in dilatation of the blood vessels, improved blood flow and reduce the heart’s workload. There are with various formulations as the extended-release tablets or capsules and is applied in the treatment of some acute or chronic cardiovascular diseases and affections.
The growth of the Nifedipine Medication Market is rising rapidly because of the rise in the number of cardiovascular diseases, including hypertension and angina pectoris worldwide. Because of increased incidences of risk factors like obesity, sedentary living, and increase in the population’s age, there is increased need for acceptable cardiovascular treatments. This is because, with the current increased demand for maintenance of BP as well as other connected ailments requiring repeated control of blood pressure, nifedipine comes out sturdily as the basic choice in the control of hypertension. We are also seeing further development of extended release drugs adding sustained value for patients and marking the market.
The market for nifedipine has expanded due to these factors: growing healthcare coverage in the developing world, and the development of generics for nifedipine. For hypertensive people, it is a common issue in developed markets, and indeed, both the usage as a prophylactic and therapeutic medication for nifedipine has been on the rise. Favourable clinical benefits associated with the use of nifedipine are therefore expected to translate into increasing market share in the global market for pharmaceuticals. But here lies another problem within the market place including shift to new treatment therapies and market inclination to combination therapy.
Nifedipine Medication Market Trend Analysis:
Rise in Extended-Release Formulations
- The existing trend in the Nifedipine Medication Market is the increased consumption of the extended-release forms of the preparate. The formulations lead to slow and continuous release of drugs over a period of time and reduces side effects and patients’ compliance. Extended release nifedipine anticipates patients’ ability to take fewer pills per day, and thereby enhance medication compliance which is vital in chronic diseases like hypertension. The change of the trend regarding patient-oriented treatments as well as the transition to taking the medications, once a day, has resulted in a higher market for the extended release nifedipine.
Rising Demand in Emerging Markets
- The emerging market for affordable Cardiovascular medications presents an enormous opportunity for the Nifedipine Medication Market. People living in Asian Pacific, Africa and Latin America are suffering with hypertension and cardiovascular diseases as their life style, diet and health conditions have changed. This has created a good chance for pharmaceutical industries to penetrate these markets with cheaper generic products of nifedipine. Moreover, an escalating realization of the necessity of controlling cardiovascular diseases is a long-term opportunity for the widening of nifedipine’s market, both in the urban and the rural areas in emerging economies.
Nifedipine Medication Market Segment Analysis:
Nifedipine Medication Market is Segmented on the basis of Dosage Form, Indication, Distribution Channel, and Region.
By Dosage Form, Capsules segment is expected to dominate the market during the forecast period
- It is projected that Capsules segment shall continue to reign the Nifedipine Medication Market. Due to the nature of the dosage form, comprised in capsules, especially the ones in the extended-release formulation, they are tender to the patients and the slow release of the drug leads to improvement of the therapeutic effect over time. Such formulation is useful to patients who need their blood pressure regulated for quite some time since they do not need frequent doses. Excellent niceness and efficiency of nifedipine capsules and improved patient acceptability as compared to other forms increases the market control of this product.
By Indication, the Hypertension segment expected to held the largest share
- The Hypertension segment is likely to dominate the Nifedipine Medication Market in during the period under study. This makes it one of the most frequently prescribed anti-hypertensive drugs due to it is ability to relax and dilate blood vessels thus reducing hypertension. As the global patient population rises due to changing demographics and unhealthy habits with established risk factors for hypertension, such as age, unhealthy nourishment, and stress, there will be a relative need for nifedipine. Hypertension is still a major issue in the global population, and this drug is utilized to treat this condition and this will also contribute to the growth of this market.
Nifedipine Medication Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
- Same as the previous point, North America is anticipated to lead the Nifedipine Medication Market over the course of the foreseeable future, due to a relatively high concentration of patients suffering from hypertension and other cardiovascular conditions. The world population is aging and specifically the US population has a high representation of elder patients who suffer from hypertension and related conditions. Increased uptake of enhanced healthcare solutions and products such as nifedipine are the key driver of this market. The region has high spending on health, with strong structure of delivery of Pharmaceuticals used to distribute nifedipine all over the country.
- Furthermore, some of the largest pharmaceutical companies are located in North America creating and distributing nifedipine hence contributing to the growth of this market. The rising caution for chronic disease treatment and prevention of heart diseases also contribute to the region’s domination in the nifedipine medication market. Therefore, North America is expected to sustain its dominance, thus dominating the overall market share during the given foreseen period.
Active Key Players in the Nifedipine Medication Market
- Amgen (USA)
- Aurobindo Pharma (India)
- Bristol-Myers Squibb (USA)
- Cipla (India)
- Dr. Reddy's Laboratories (India)
- GlaxoSmithKline (UK)
- Lupin Pharmaceuticals (India)
- Mylan (USA)
- Novartis (Switzerland)
- Sandoz (Switzerland)
- Sanofi (France)
- Sun Pharmaceutical (India)
- Teva Pharmaceuticals (Israel)
- Torrent Pharmaceuticals (India)
- Zydus Cadila (India)
- Other Active Players.
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Nifedipine Medication Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1,049.7 Million |
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Forecast Period 2024-32 CAGR: |
9.3 % |
Market Size in 2032: |
USD 2,336.94 Million |
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Segments Covered: |
By Dosage Form |
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By Indication |
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By Distribution Channel |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Nifedipine Medication Market by Dosage form
4.1 Nifedipine Medication Market Snapshot and Growth Engine
4.2 Nifedipine Medication Market Overview
4.3 Tablets Extended-release Tablets Capsules Other
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Tablets Extended-release Tablets Capsules Other: Geographic Segmentation Analysis
Chapter 5: Nifedipine Medication Market by Indication
5.1 Nifedipine Medication Market Snapshot and Growth Engine
5.2 Nifedipine Medication Market Overview
5.3 Hypertension Angina Pectoris Raynaud's Phenomenon Others
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Hypertension Angina Pectoris Raynaud's Phenomenon Others: Geographic Segmentation Analysis
Chapter 6: Nifedipine Medication Market by Distribution Channel
6.1 Nifedipine Medication Market Snapshot and Growth Engine
6.2 Nifedipine Medication Market Overview
6.3 Hospitals Pharmacies Retail Pharmacies Online Pharmacies
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Hospitals Pharmacies Retail Pharmacies Online Pharmacies: Geographic Segmentation Analysis
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Benchmarking
7.1.2 Nifedipine Medication Market Share by Manufacturer (2023)
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Mergers and Acquisitions
7.2 AUROBINDO PHARMA (INDIA)
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Role of the Company in the Market
7.2.5 Sustainability and Social Responsibility
7.2.6 Operating Business Segments
7.2.7 Product Portfolio
7.2.8 Business Performance
7.2.9 Key Strategic Moves and Recent Developments
7.2.10 SWOT Analysis
7.3 BRISTOL-MYERS SQUIBB (USA)
7.4 CIPLA (INDIA)
7.5 DR. REDDY'S LABORATORIES (INDIA)
7.6 GLAXOSMITHKLINE (UK)
7.7 LUPIN PHARMACEUTICALS (INDIA)
7.8 MYLAN (USA)
7.9 NOVARTIS (SWITZERLAND)
7.10 SANOFI (FRANCE)
7.11 SANDOZ (SWITZERLAND)
7.12 TEVA PHARMACEUTICALS (ISRAEL)
7.13 TORRENT PHARMACEUTICALS (INDIA)
7.14 SUN PHARMACEUTICAL (INDIA)
7.15 ZYDUS CADILA (INDIA)
7.16 AMGEN (USA)
7.17 OTHER ACTIVE PLAYERS
Chapter 8: Global Nifedipine Medication Market By Region
8.1 Overview
8.2. North America Nifedipine Medication Market
8.2.1 Key Market Trends, Growth Factors and Opportunities
8.2.2 Top Key Companies
8.2.3 Historic and Forecasted Market Size by Segments
8.2.4 Historic and Forecasted Market Size By Dosage form
8.2.4.1 Tablets Extended-release Tablets Capsules Other
8.2.5 Historic and Forecasted Market Size By Indication
8.2.5.1 Hypertension Angina Pectoris Raynaud's Phenomenon Others
8.2.6 Historic and Forecasted Market Size By Distribution Channel
8.2.6.1 Hospitals Pharmacies Retail Pharmacies Online Pharmacies
8.2.7 Historic and Forecast Market Size by Country
8.2.7.1 US
8.2.7.2 Canada
8.2.7.3 Mexico
8.3. Eastern Europe Nifedipine Medication Market
8.3.1 Key Market Trends, Growth Factors and Opportunities
8.3.2 Top Key Companies
8.3.3 Historic and Forecasted Market Size by Segments
8.3.4 Historic and Forecasted Market Size By Dosage form
8.3.4.1 Tablets Extended-release Tablets Capsules Other
8.3.5 Historic and Forecasted Market Size By Indication
8.3.5.1 Hypertension Angina Pectoris Raynaud's Phenomenon Others
8.3.6 Historic and Forecasted Market Size By Distribution Channel
8.3.6.1 Hospitals Pharmacies Retail Pharmacies Online Pharmacies
8.3.7 Historic and Forecast Market Size by Country
8.3.7.1 Bulgaria
8.3.7.2 The Czech Republic
8.3.7.3 Hungary
8.3.7.4 Poland
8.3.7.5 Romania
8.3.7.6 Rest of Eastern Europe
8.4. Western Europe Nifedipine Medication Market
8.4.1 Key Market Trends, Growth Factors and Opportunities
8.4.2 Top Key Companies
8.4.3 Historic and Forecasted Market Size by Segments
8.4.4 Historic and Forecasted Market Size By Dosage form
8.4.4.1 Tablets Extended-release Tablets Capsules Other
8.4.5 Historic and Forecasted Market Size By Indication
8.4.5.1 Hypertension Angina Pectoris Raynaud's Phenomenon Others
8.4.6 Historic and Forecasted Market Size By Distribution Channel
8.4.6.1 Hospitals Pharmacies Retail Pharmacies Online Pharmacies
8.4.7 Historic and Forecast Market Size by Country
8.4.7.1 Germany
8.4.7.2 UK
8.4.7.3 France
8.4.7.4 Netherlands
8.4.7.5 Italy
8.4.7.6 Russia
8.4.7.7 Spain
8.4.7.8 Rest of Western Europe
8.5. Asia Pacific Nifedipine Medication Market
8.5.1 Key Market Trends, Growth Factors and Opportunities
8.5.2 Top Key Companies
8.5.3 Historic and Forecasted Market Size by Segments
8.5.4 Historic and Forecasted Market Size By Dosage form
8.5.4.1 Tablets Extended-release Tablets Capsules Other
8.5.5 Historic and Forecasted Market Size By Indication
8.5.5.1 Hypertension Angina Pectoris Raynaud's Phenomenon Others
8.5.6 Historic and Forecasted Market Size By Distribution Channel
8.5.6.1 Hospitals Pharmacies Retail Pharmacies Online Pharmacies
8.5.7 Historic and Forecast Market Size by Country
8.5.7.1 China
8.5.7.2 India
8.5.7.3 Japan
8.5.7.4 South Korea
8.5.7.5 Malaysia
8.5.7.6 Thailand
8.5.7.7 Vietnam
8.5.7.8 The Philippines
8.5.7.9 Australia
8.5.7.10 New Zealand
8.5.7.11 Rest of APAC
8.6. Middle East & Africa Nifedipine Medication Market
8.6.1 Key Market Trends, Growth Factors and Opportunities
8.6.2 Top Key Companies
8.6.3 Historic and Forecasted Market Size by Segments
8.6.4 Historic and Forecasted Market Size By Dosage form
8.6.4.1 Tablets Extended-release Tablets Capsules Other
8.6.5 Historic and Forecasted Market Size By Indication
8.6.5.1 Hypertension Angina Pectoris Raynaud's Phenomenon Others
8.6.6 Historic and Forecasted Market Size By Distribution Channel
8.6.6.1 Hospitals Pharmacies Retail Pharmacies Online Pharmacies
8.6.7 Historic and Forecast Market Size by Country
8.6.7.1 Turkey
8.6.7.2 Bahrain
8.6.7.3 Kuwait
8.6.7.4 Saudi Arabia
8.6.7.5 Qatar
8.6.7.6 UAE
8.6.7.7 Israel
8.6.7.8 South Africa
8.7. South America Nifedipine Medication Market
8.7.1 Key Market Trends, Growth Factors and Opportunities
8.7.2 Top Key Companies
8.7.3 Historic and Forecasted Market Size by Segments
8.7.4 Historic and Forecasted Market Size By Dosage form
8.7.4.1 Tablets Extended-release Tablets Capsules Other
8.7.5 Historic and Forecasted Market Size By Indication
8.7.5.1 Hypertension Angina Pectoris Raynaud's Phenomenon Others
8.7.6 Historic and Forecasted Market Size By Distribution Channel
8.7.6.1 Hospitals Pharmacies Retail Pharmacies Online Pharmacies
8.7.7 Historic and Forecast Market Size by Country
8.7.7.1 Brazil
8.7.7.2 Argentina
8.7.7.3 Rest of SA
Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies
Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
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Nifedipine Medication Market |
|||
|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1,049.7 Million |
|
Forecast Period 2024-32 CAGR: |
9.3 % |
Market Size in 2032: |
USD 2,336.94 Million |
|
Segments Covered: |
By Dosage Form |
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By Indication |
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By Distribution Channel |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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