Alpha-2 Receptor Agonists Market Size & Share, by Use (Hypertension, ADHD, Pain & Panic Disorder, ICU & Procedural Sedation); Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 3265
  • Published Date: Jan 03, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Alpha-2 Receptor Agonists Market size is poised to reach USD 3.6 Billion by the end of 2036, growing at a CAGR of 8.7% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of alpha-2 receptor agonist was over USD 2.3 Billion. The market for alpha-2 receptor agonists is predicted to witness growth in the near future, owing to the rising prevalence of hypertension and related disorders. According to estimates, around 1.28 billion adults aged between 30 to 79 years across the globe suffer from hypertension, with the majority of cases being reported in low- and middle-income countries. Additionally, the increasing elderly population, and rising awareness regarding behavioral and changes in lifestyle patterns have resulted in the emergence of various metabolic disorders on a global scale, leading to a surge in the demand for specialized drugs. The use of alpha-2 receptor agonists as a treatment option is gaining popularity, as these drugs can lower blood pressure by inhibiting sympathetic activity in the brain. This is expected to drive the growth of the market for alpha-2 receptor agonists in the future.

The market is experiencing growth due to several factors, including the increased consumption of unhealthy food, a rise in alcohol and tobacco intake globally, and a growing number of hypertension cases in lower-income countries. This trend is expected to continue in the forecast period, providing growth opportunities for the market.


Alpha-2 Receptor Agonists Market
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Alpha-2 Receptor Agonist Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 8.7%

Base Year Market Size (2023)

~ USD 2.3 Billion

Forecast Year Market Size (2036)

~ USD 3.6 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Alpha-2 Receptor Agonist Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Rising Prevalence of Ocular- With the increasing prevalence of ocular diseases like glaucoma, it impacts almost 2.7 million Americans who are 40 years of age or older, or roughly 1.9 percent of the total population rising the demand for alpha-2 receptor agonists in ophthalmic treatments. These drugs are effective in reducing intraocular pressure, making them valuable in managing such conditions.
  • Increasing Geriatric Population- As the global population ages, conditions that require the use of alpha-2 receptor agonists, such as glaucoma and chronic pain, become more common. The elderly are more susceptible to these conditions and require effective treatment to manage them. This has led to an expansion of the market for alpha-2 receptor agonist drugs.
  • Technological Advancements- The pharmaceutical industry is constantly making progress in the development of drug formulations, delivery systems, and research on the mechanism of action of alpha-2 receptor agonists. As a result of these advancements, the efficacy and safety profile of such drugs are significantly improved, which is driving the growth of the market.
  • Growing Adoption as pain management solutions- Alpha-2 receptor agonists such as clonidine and dexmedetomidine are increasingly being used in pain management due to their analgesic properties. This utilization contributes to market growth, especially with the opioid crisis leading to a search for alternative pain relief options. In 2021, the industry for dexmedetomidine has generated revenue of around USD 1 billion, this has opened up prospective opportunities for the alpha-2 receptor agonist market.

Challenges

  • Side Effects and Tolerability Issues- one of the significant challenges involves side effects associated with alpha-2 receptor agonists, such as dry mouth, sedation, hypotension, and dizziness. Improving drug tolerability while minimizing adverse effects remains a challenge in expanding their usage.
  • Competition from alternative therapies.
  • Resistance to change in clinical practices.


Alpha-2 Receptor Agonist Segmentation

Use (Hypertension, ADHD, Pain & Panic Disorder, ICU & Procedural Sedation)

Hypertension segment is estimated to hold the largest market share, accouting for 48% of the global alpha-2 receptor agonists market due to the increasing global prevalence of hypertension. Furthermore, the rise in the consumption of unhealthy foods, which is a major risk factor for hypertension, is expected to contribute to the growth of this segment during the forecast period. According to estimates, the number of people living with hypertension (blood pressure of 140/90 mmHg or higher or taking medication for hypertension) has doubled between 1990 and 2020 from 650 million to 1.3 billion. Currently, almost half of the people with hypertension worldwide are unaware of their condition. This has led to an increase in the demand for alpha-2 receptor agonists.

Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies)

The hospital pharmacies segment in the alpha-2 receptor agonists market is anticipated to garner a major revenue share. The growth of the hospital pharmacies segment can be attributed to the fact that a significant number of people around the world with hypertension and related disorders tend to choose hospital facilities for treatment. Additionally, hospital pharmacies have quickly become the preferred distribution channel for the customization of pharmaceutical ingredients to create medications tailored to individuals' needs. The presence of skilled professionals who can perform such tasks in hospitals has led to an increase in demand for drug-compounding procedures in hospital pharmacies, which has contributed to the segment's growth.

Our in-depth analysis of the global market includes the following segments:

          Use

  • Hypertension
  • ADHD
  • Pain & Panic Disorder
  • ICU & Procedural Sedation

          Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

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Alpha-2 Receptor Agonist Industry - Regional Synopsis

North American Market Forecast

North America alpha-2 receptor agonists market is expected to hold 45% of the revenue share by 2036. The market for attention-deficit/hyperactivity disorder (ADHD) is growing rapidly, with an estimated 8.7 million adults in the U.S. alone affected by the disorder. Around 60% of children with ADHD in the US also have at least one other mental, emotional, or behavioral condition, such as anxiety or depression. Additionally, an estimated 77% of children diagnosed with ADHD in the US receive treatment. Also, This growth is partly attributed to the presence of leading market players in the North American region. Additionally, North America is leading in terms of advancements in clinical research, which is expected to further contribute to the region's market growth in the near future.

APAC Market Statistics

The alpha-2 receptor agonists market in Asia Pacific is predicted to garner significant revenue share. The incidence of hypertension-related disorders is on the rise and is a growing concern in the Asian region. The use of alpha-2 receptor agonists is becoming increasingly common, as the prevalence of hypertension in urban adult populations of Asia has been found to vary between 15-35%, as per new criteria (140/90 mm Hg). The need for effective management of hypertension-related disorders has become imperative to ensure better health outcomes for the population. This has resulted in the growth of the market for hypertension-related treatments over the forecast period.

Research Nester
Alpha-2 Receptor Agonists Market size
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Companies Dominating the Alpha-2 Receptor Agonist Landscape

top-features-companies
    • Pfizer Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
    • Merck & Co., Inc.
    • Viatris Inc. 
    • Amneal Pharmaceuticals LLC.
    •  Unichem Pharmaceuticals USA INC
    • Seqens Group
    • Teva Pharmaceuticals USA, Inc.
    • Ajanta Pharma Ltd.
    • Boehringer Ingelheim International GmbH.
    • Dr. Reddy’s Laboratories

In-the-news

In The News

  • March 2023- Pfizer and Seagen, a multinational biotechnology business that specializes in antibody-drug conjugates (ADC), announced a formal merger agreement.
  • September 2020- Dexmedetomidine Hydrochloride in 0.9% Sodium Chloride Injection, a therapeutically similar generic version of Precedex® (dexmedetomidine hydrochloride) in 0.9% Sodium Chloride Injection that has been approved by the US Food and Drug Administration (USFDA), was introduced by Dr. Reddy's Laboratories Ltd.

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 3265
  • Published Date: Jan 03, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising cases of hypertension, growing awareness regarding ADHD, the rising aging population, and growing adoption of pain management solutions are some of the major growth drivers for the alpha-2 receptor agonist market.

The market size of alpha-2 receptor agonist is anticipated to attain a CAGR of 8.7 % over the forecast period, i.e., 2024 – 2036.

The major players in the market are Pfizer Inc., Merck & Co., Inc., Viatris Inc., Amneal Pharmaceuticals LLC., Unichem Pharmaceuticals USA INC, Seqens Group, Teva Pharmaceuticals USA, Inc., Ajanta Pharma Ltd., Boehringer Ingelheim International GmbH., Otsuka Pharmaceutical Co., Ltd., and others.

The Hypertension segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future
Alpha-2 Receptor Agonists Market Report Scope
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