Atenolol Market Size, Share, Growth And Forecast To 2023-2035

Global Atenolol Market Size, Forecast, and Trend Highlights Over 2023 - 2035

The global atenolol market size is estimated to reach ~USD 28 Billion by the end of 2035 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 – 2035. In addition to this, in the year 2022, the market size of atenolol was ~USD 11 Billion. The growth of the market can be attributed to the worldwide expanding ratio of hypertension among people, coupled with the surging awareness regarding the concerned complexities of hypertension. As per the World Health Organization (WHO) data, an estimated 1.28 billion persons aged 30-79 years have hypertension across the globe, with the majority two-thirds residing in low- and middle-income nations. Further, the dynamically growing demand for antihypertensive drugs throughout the world is also projected to skyrocket the growth of the global atenolol market over the forecast period.

In addition to these, factors that are believed to fuel the market growth of atenolol include the significant rise in the aged population throughout the world, as aged people are more prone to have disorders comprising hypertension, cardiac diseases, diabetes, and so on. As stated by the World Health Organization, the global population of persons aged 60 and above is projected to surge from 1 billion in 2020 to 1.4 billion by 2030. Moreover, the global population of people aged 60 and above is expected to augment to 2.1 billion by 2050. Further, poor lifestyle along with poor dietary habits among people is also estimated to fuel the market growth in the coming years.

Global Atenolol Market: Growth Drivers and Challenges

Growth Drivers

Growing Prevalence of Angina Experiences - Angina is a type of chest pain that occurs by a decrease in blood flow to the heart. It is mainly caused by an accumulation of fatty deposits in the arteries supplying blood to the heart muscles. In such a condition, the heart beats faster and a person feels a sharp pain and pressure in his/her chest. It is an early sign of heart disorders. Atenolol belongs to a class of drugs referred to as beta blockers. Beta-blockers decrease the oxygen demand of the heart and lower the occurrence of angina attacks by reducing heart rate. Hence, the increasing prevalence of angina attacks is estimated to expand market growth further over the projected time frame. For instance, in the United States, each year angina affects more than 9 million people.
Expansion in Sedentary Lifestyle - Physical inactivity can have major adverse health effects. An inactive lifestyle raises the risk of all causes that result in death and doubles the chance of a variety of conditions such as cardiovascular disease, diabetes, obesity, anxiety, and so on. Therefore, an increase in sedentary lifestyles is also projected to drive the growth of the atenolol market in the coming years. As reported by the World Health Organization, 27% of adults and more than 80% of adolescents globally fail to comply with the recommended physical activity ratio.
Increasing Prevalence of Arrhythmia - Any issue with a person's heartbeat rate or rhythm is referred to as an "arrhythmia." Electrical waves that are too fast, too slow, or chaotic during an arrhythmia can cause an irregular heartbeat. The heart cannot properly pump blood when it is not beating appropriately. The lungs, brain, and all the other organs are unable to function properly and may get damaged. Atenolol helps in this situation by lowering your heart rate, which makes it easier for your heart to circulate blood throughout the organs. Thus, the rising prevalence of arrhythmia is also estimated to boost the market growth of atenolol over the forecast period. As per an estimation, Arrhythmia is anticipated to affect approximately 1.7% to 6% of the overall population in the United States.
Rise in Poor Dietary Habits - According to a new worldwide study conducted in 2021, approximately 50% of the global population suffers from poor dietary habits, which has negative consequences for people.
Rising Cases of Cardiovascular Disorders – Based on the World Health Organization figures, cardiovascular diseases are the most prevalent cause of death throughout the world, claiming the lives of an estimated 17.9 million people annually.

Challenges

Associated Side Effects of Atenolol – Though atenolol helps to tackle several kinds of hypertension issues still numerous side effects are associated with the use of atenolol comprising feeling sleepiness, dizziness, nausea, hypotension, blurred vision, bloody urination, and so on. Hence, this factor is anticipated to dampen the growth of the market in the coming years.
Availability of Diuretics and Other Drugs
Risk of Interaction with Other Drugs

Global Atenolol Market Segmentation

The global atenolol market is segmented and analyzed for demand and supply by application into hypertension, angina, arrhythmia, and others. Out of these four types of segments, the hypertension segment is estimated to gain the largest market share of about ~55% in the year 2035. The growth of the segment can be attributed to the increasing prevalence of hypertension throughout the world, coupled with the expanding demand and consumption of antihypertensive drugs across the globe. For instance, the worldwide revenue of antihypertensive drugs is anticipated to boost by around USD 24 billion by the end of 2023. In addition to this, the rising awareness in people regarding hypertension is also estimated to fuel the segment growth in the coming years.

The global atenolol market is also segmented and analyzed for demand and supply by distribution channel into hospital pharmacies, drug stores, online pharmacies, and others. Amongst these four segments, the hospital pharmacies segment is expected to garner a significant share of around ~49% in the year 2035. The growth of the segment can be attributed to the rising patient pool of hypertension, arrhythmia, angina, and so on in hospitals to get better treatment, coupled with the surging ratio of hospitals throughout the world. In addition to this, the rise in cardiovascular disorder is also anticipated to accelerate segment growth in the coming years. On the other hand, the online pharmacies segment is projected to witness an impressive CAGR during the forecast period on the back of the rising awareness of these online platforms amongst users worldwide. In addition to this, the expanding penetration of the internet throughout the world is another major factor estimated to drive segment growth across the globe in the coming years.

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

By Form	Tablets IV Solution Others
By Dosage Type	25 mg 50 mg 100 mg
By Application	Hypertension Angina Arrhythmia Others
By Distribution Channel	Hospital Pharmacies Drug Stores Online Pharmacies Others

Global Atenolol Market Regional Synopsis

The market share of atenolol in North America, amongst the market in all the other regions, is projected to be the largest with a share of about ~40% by the end of 2035. The growth of the market can be attributed majorly to the increasing prevalence of cardiac diseases, along with the rising frequency of hypertension in the region. For instance, approximately 1 in every 18 people, or 5% of the U.S. population has arrhythmia. Furthermore, as per the statistics by the Centers for Disease Control and Prevention, in the U.S., 116 million individuals have hypertension, and in 2019, 0.5 million deaths were caused directly or indirectly by hypertension. In addition to this, the increasing availability of advanced treatment and medications, followed by the surge in healthcare expenditure is also projected to drive the growth of the atenolol market further during the projected time frame in the region.

The Asia Pacific atenolol market is estimated to be the second largest, registering a share of about ~28% by the end of 2035. The growth of the market can be attributed majorly to the rising burden of hypertension, coupled with the surge in population, and changing lifestyle of people in the region. Besides this, the growing awareness in people regarding the use of hypertension drugs is also a significant factor anticipated to drive market growth in the region during the forecast period. In addition to this, an increase in inappropriate diet habits, coupled with the surge in fast food consumption is also estimated to drive market growth in the APAC region during the forecast period.

Further, the market in Europe, amongst the market in all the other regions, is projected to hold a noteworthy share of about ~17% by the end of 2035. The growth of the market can be attributed majorly, as the region has witnessed a sharp hike in the cases of cardiovascular diseases. For instance, every year, more than 1.6 million deaths in the European Union and 4 million deaths in Europe are attributed to cardiovascular diseases. Moreover, efficient and inexpensive healthcare facilities in European countries are estimated to support the growth of the market. In addition to this, the surge in the life science sector is also estimated to drive the growth of the atenolol market in the European region.

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Top Featured Companies Dominating the Global Atenolol Market

Intas Pharmaceuticals Limited
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis

Abbott Laboratories
F. Hoffmann-La Roche Ltd
Danaher Corporation
Bio-Rad Laboratories, Inc.
Sysmex Corporation
Zydus Pharmaceuticals (USA) Inc.
Ipca Laboratories Limited
Unichem Laboratories Limited
AstraZeneca PLC

In The News

Unichem Laboratories Limited obtained ANDA authorization from the United States Food and Drug Administration (USFDA) for its Atenolol and Chlorthalidone Tablets, USP 50 mg/25 mg and 100 mg/25 mg to be sold as a generic version of Alvogen Malta Operations Ltd's TENORETIC (atenolol and chlorthalidone) Tablets.
AstraZeneca PLC has approved the sale of the worldwide commercial rights Inderal (propranolol), Tenormin (atenolol), Tenoretic (atenolol, chlorthalidone fixed-dose combination), Zestril (lisinopril), and Zestoretic (lisinopril, hydrochlorothiazide fixed-dose combination) to Atnahs Pharma. This deal has eliminated the already sold rights in the United States and India, as well as the rights in Japan, which will be kept by AstraZeneca.

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the atenolol market?

Ans: Growing prevalence of angina experiences, expansion in sedentary lifestyle, and increasing prevalence of arrhythmia are the major factors driving the market growth.

2) What would be the CAGR of atenolol market over the forecast period?

Ans: The market size of atenolol is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 – 2035.

3) What are the challenges affecting the atenolol market growth?

Ans: Associated side effects of atenolol, availability of diuretics and other drugs, and risk of interaction with other drugs are estimated to be the growth hindering factors for the market expansion.

4) Which region will provide more business opportunities for growth of atenolol market in future?

Ans: The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

5) Who are the major players dominating the atenolol market?

Ans: The major players in the market are Intas Pharmaceuticals Limited, Abbott Laboratories, F. Hoffmann-La Roche Ltd, Danaher Corporation, Bio-Rad Laboratories, Inc., Sysmex Corporation, Ipca Laboratories Limited, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the atenolol market?

Ans: The market is segmented by form, dosage type, application, distribution channel, and by region.

8) Which segment captures the largest market size in the application segment in the atenolol market?

Ans: The hypertension segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

Base Year	2022
Forecast Year	2023-2035
CAGR	~5%
Base Year Market Size (2022)	~ USD 11 Billion
Forecast Year Market Size (2035)	~ USD 28 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)