North America Set to Dominate Diuretic Drugs Market during 2021-2031 sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.
The Covid-19 pandemic and followed by lockdown has affected several drug manufacturing companies.
The prolonged lockdown resulted in a disrupted supply chain and increased the prices of raw materials.
However, as the world has been recovering from the pandemic, the market is estimated to get back on track.
The global ophthalmic drugs market is segmented on the basis of indication, type, dosage form, distribution channel, therapeutic class, and region. Based on indication, the retinal disorders segment held the largest share in 2019, accounting for more than one-fourth of the market. However, the glaucoma segment is estimated to manifest the highest CAGR of 6.2% during the forecast period.
by Indication (Hypertension and Cardiovascular Risk Reduction) and Distribution Channel (Hospital Pharmacies, Drug Stores & Retail Pharmacies, and Online Pharmacies): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global telmisartan market size generated $3.45 billion in 2019, and is expected to reach $4.25 billion by 2027, manifesting a CAGR of 3.4% from 2020 to 2027.
Drivers, restraints, and opportunities-
Growth in geriatric population all across the globe, rise in healthcare expenditure, increase in awareness regarding treatment of high blood pressure, and surge in prevalence of hypertension across the globe fuel the growth of the global telmisartan market. However, drug shortages of telmisartan tablets hinder the market growth. On the other hand, high growth potential in developing countries is expected to create new opportunities in the next few years.