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HEALTHCARE & PHARMACEUTICAL

Thiazide Diuretics Market Segmentation by Use (Hypertension, Cardiovascular Disorders, Hepatic Disorders, Kidney Disorders, and Others); and by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, and Others) – Global Demand Analysis and Opportunity Outlook 2030

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Extensive insights into the Growth of Thiazide Diuretics Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • May 2021: The European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) recommended Bayer AG’s new symptomatic chronic heart failure treatment “Vericiguat”, for marketing authorization in the European Union. After authorization, Vericiguat can be used for the treatment of symptomatic chronic heart failure in adult patients with reduced ejection fraction who have stabilized after an immediate past decompensation event.

  • April 2021: Merck Sharp & Dohme Corp. completed the acquisition of Pandion Therapeutics. After this acquisition, Pandion Therapeutics became a wholly owned subsidiary of the company.

Global Thiazide Diuretics Market Highlights 2022-2030

The global thiazide diuretics market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2022-2030. The increasing prevalence of hypertension and associated disorders, along with the rising geriatric population, are expected to fuel the progress of this market. Furthermore, the rapid change in lifestyle patterns has given way to the prevalence of various metabolic disorders among people on a global scale which has led to an increase in demand for drugs to be used for the treatment of these conditions. Along with these, the growth of the market can also be attributed to factors such as the rising consumption of high sodium-containing unhealthy food, increasing prevalence of hypertension, and the technological advancements in the field of thiazide diuretics across the world. According to the data collected from World Health Organization, it was estimated that in 2019, 1.13 billion people globally had hypertension, of which two-thirds of people were living in low and middle-income regions. Additionally, thiazide diuretics are also widely deployed for clinical use as adjunctive therapy in edema caused by kidney-associated dysfunctions such as nephrotic syndrome, acute glomerulonephritis, hepatic cirrhosis, and chronic heart & kidney failure.

Global-Thiazide-Diuretics-Market-Overview

The market is segmented on the basis of use into hypertension, cardiovascular disorders, hepatic disorders, kidney disorders, and others, out of which, the hypertension segment is anticipated to grab the largest share by the end of 2030 on account of the high rate of prevalence of hypertension worldwide. Moreover, the increase in consumption of unhealthy food which is one of the major risk factors for hypertension, is also projected to contribute to the growth of the segment during the forecast period. Moreover, based on distribution channel, the hospital pharmacies’ segment in the global thiazide diuretics market is projected to grow with a significant CAGR over the forecast period, which can be attributed to the fact that a considerable portion of the population with hypertension and associated disorders tend to choose hospital facilities for treatment. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Global-Healthcare-Expenditure-per-Capita

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Thiazide Diuretics Market Regional Synopsis

Geographically, the global thiazide diuretics market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the Asia Pacific is predicted to grow at the highest CAGR over the forecast period owing to the increasing incidences of hypertension-related disorders among the individuals and growing product penetration in the region. Furthermore, in 2030, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the rise in prevalence of diuresis, edema and other diuretic medical conditions, accompanied by the presence of leading market players in the region. Along with this, North America also leads in terms of clinical research, which is also expected to contribute to the market growth in the region. Alternatively, the market in Europe is also anticipated to occupy a significant market share over the forecast period on account of the rapid increase in the number of cases and awareness about cardiovascular disorders in the region. As per the data published in the journal Annals of Global Health in 2020, cardiovascular diseases (CVD) are the leading cause responsible for deaths in Europe and accounts for 45% of the total number of deaths. More than 4 million individuals in Europe suffer death annually from cardiovascular diseases.

Global-Thiazide-Diuretics-Market-Share

The global thiazide diuretics market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

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

By Use

  • Hypertension
  • Cardiovascular Disorders
  • Hepatic Disorders
  • Kidney Disorders
  • Others

By Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Others

Growth Drivers

  • Increasing Prevalence of Hypertension and Associated Disorders
  • Rising Geriatric Population Globally

Challenges

  • Strict Medical Regulations Governing the Market
  • Harmful Effects of Ionic Imbalance Caused by Thiazide Diuretics Use

Key Players Dominating the Market

  • Pfizer Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Merck Sharp & Dohme Corp.
  • Sanofi SA
  • Bayer AG
  • Centaur Pharmaceuticals Pvt. Ltd.
  • Validus Pharmaceuticals LLC
  • Teva Pharmaceutical Industry Ltd.
  • Novartis AG
  • Boehringer Ingelheim GmbH

 

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