Orthostatic Hypotension Drugs Market is Set for Rapid Growth for the Forecast Period 2020–2026 – Zion Market Research
The report covers forecast and analysis for the Orthostatic Hypotension Drugs market on a global and regional level. The study provides historic data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes drivers and restraints for the Orthostatic Hypotension Drugs market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Orthostatic Hypotension Drugs market on a global level. In order to give the users of this report a comprehensive view on the Orthostatic Hypotension Drugs market we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein Diagnostic Test Type, Drug Type, End user, and regional segments are benchmarked based on their market size, growth rate and general attractiveness.
According to the report, global demand for Orthostatic Hypotension Drugs Market was valued at approximately USD 560.93 Million in 2018, and is expected to generate revenue of around USD 978.45 Million by end of 2025, growing at a CAGR of around 8.34% between 2018 and 2025.
The prevalence of neurodegenerative diseases, cardiovascular diseases, and diabetes is increasing worldwide significantly, increasing the risk of Orthostatic hypotension. It is associated with a neurological disorder underlying autonomy. Dehydration is also a common condition in individuals that increases the risk of Orthostatic hypotension and causes nerve damage. This growth in the prevalence of chronic diseases associated with high risk of Orthostatic hypotension would result in the expansion of the global market for orthostatic hypotension drugs in the forecast period.
The study provides a decisive view on the Orthostatic Hypotension Drugs market by segmenting the market based on Diagnostic Test Type, Drug Type, End user and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. Based on Diagnostic Test Type, the market is segmented into ECG, Blood Tests, Stress Test and Other. Based on the Drug Type segment, the market is bifurcated Midodrine, Northera (droxidopa), Fludrocortisone, Caffeine and Others. The midodrine group showed the largest market share of orthostatic hypotension drugs in 2018. Nonetheless, by the end of the forecast period, the Northera (droxidopa) segment will grow faster and emerge as the market leader. Based on the End user segment, the market is bifurcated into Hospitals, ASCs and Clinics and Others.
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The geographical segmentation comprises the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. During the forecast period, North America will account for the largest market share of Orthostatic hypotension products. Factors such as high pharmaceutical expenditure per person, strong market presence of leading manufacturers, access to advanced healthcare, and increased awareness of Orthostatic hypotension contribute to the growth of this region’s orthostatic hypotension drug market.
Orthostatic hypotension is a chronic debilitating disease that in several cases is difficult to treat. When treating orthostatic hypotension patients, single drug therapy may not be appropriate as orthostatic pressure varies with daytime circumstances. This has contributed to a growing emphasis on using combination therapy in orthostatic hypotension therapy. It is predicted that this innovation will have a positive impact on overall market growth. The prevalence of neurodegenerative diseases, cardiovascular diseases and diabetes is growing dramatically worldwide, raising the risk of Orthostatic hypotension. It is associated with an independent neurological disorder that underlies this. Dehydration is also a common condition in individuals which increases the risk of Orthostatic hypotension and causes nerve damage. This increase in the prevalence of chronic diseases associated with high risk of Orthostatic hypotension will result in the expansion of the global market for orthostatic hypotension drugs in the forecast period.
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Key players within global Orthostatic Hypotension Drugs market include Amneal Pharmaceuticals Inc., H. Lundbeck AS, Mylan NV, Novartis AG and Pfizer Inc. amongst others.
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