Nifedipine is a calcium channel blocker, meaning it blocks calcium from passing through the walls of the arteries. High blood pressure, arrhythmias, and angina are all treated with nifedipine. Other therapeutic uses include ryanoids syndrome, cephalalgia, and other disorders of the same nature. Growth in the senior population, healthcare spending, the rise of chronic illnesses such as heart failure, arrhythmias, and hypertension, and healthcare awareness are all driving the market. Government regulations and unfavourable pharmacological repercussions such as hypotension, stomach ulcers, and congestive heart failure, on the other hand, stifle market expansion. R&D operations are expected to yield new development opportunities. Dihydropyridine calcium channel blockers, such as nitrendipine and nisoldipine, are used to treat high blood pressure. Premature labour has been more common in recent years, driving up demand for the medications mentioned above. Tocolytics, which function by inhibiting muscle contractions, are used to treat premature labour. Preemies are also protected from developing health problems as a result of their early birth with nifedipine. In 2020, the global nifedipine market was valued at USD 856.66 million, and by 2029, it is predicted to be worth USD 1,792.36 million, representing an annual growth rate of 8.49% (CAGR).
The Asia Pacific Nifedipine market size is expected to reach a valuation of USD 440.96 million by 2030, increasing at a rate of 8.7 % CAGR during the forecast period (2022–2030). During the forecast period, Asia-Pacific is predicted to increase at a high rate. This growth is attributable to an increment in chronic diseases as a result of an ageing population, especially in countries like India and China, as well as the refinement of healthcare infrastructure as governments invest vast sums of money in development.
Nifedipine controlled-release tablets and nifedipine extended-action tablets are the two types of nifedipine pills. Nifedipine controlled-release tablets had the most market share in 2021. This significant increase can be attributed to rising rates of hypertension and heart failure, the use of cutting-edge technology in pharmaceutical research, more funding from the government and international organisations, and increased public awareness about the importance of preventative treatment.
The portion is separated into primary pulmonary hypertension, heart failure, Raynaud's illness, cephalalgia, and others depending on the application. In 2021, the most prevalent cause of pulmonary hypertension was primary pulmonary hypertension. Obesity, poor dietary habits, excessive junk food intake, a lack of exercise, a rise in smoking and alcohol usage among the younger generation, and stress are all factors. This field is likely to be driven by increased government and private sector efforts, as well as concrete programmes for the development of new drugs to treat hypertension and diabetes.
The Asian Pacific nifedipine market is made up of hospital pharmacies, retail pharmacies, and other distribution channels. Hospital pharmacies dominated the regional market in 2020, and the market is expected to develop at a faster CAGR during the forecast period.
By 2030, the Asia Pacific Nifedipine market is estimated to be worth USD 440.96 million, with a growth rate of 8.7% over the forecast period (2022–2030). Asia-Pacific is expected to grow at a rapid pace during the forecast period. This rise is due to a growth in chronic diseases as a result of an ageing population, especially in countries like India and China, as well as the refinement of healthcare infrastructure as governments invest large quantities of money in development.
Furthermore, favourable government assistance would result in market expansion. For example, by the end of 2025, India's National Health Policy aimed to cut 25% of premature deaths from cardiovascular diseases by screening and treating more than 80% of hypertension individuals. Furthermore, the Rastriya Arogya Nidhi (RAN) scheme provides financial support to patients who are below the poverty line; such activities help to enhance market demand. Furthermore, a significant player in the market, GlaxoSmithKline Plc (GSK), has decided to invest USD 1 billion in its Indian pharmaceutical unit, counting on growing demand in emerging markets while sales in established markets stagnate due to a wave of patent expirations. GSK expects to invest around USD 2 billion in two publicly traded Indian companies over the next year as part of the current India agreement, the company's highest incremental investment in any country during that time.
Cardiovascular disorders are becoming more common in China, causing nearly 4 million deaths each year. According to the findings, each of the main modifiable risk factors for cardiovascular disease—high systolic blood pressure, high LDL cholesterol, cigarette smoking, high BMI, and high fasting plasma glucose—is responsible for an increase in sickness and this has increased the demand for drugs and Nifedipine in the region.
In Japan, 43 million people are hypertensive, yet about half of them are treated, and only approximately a quarter of them are kept within the target blood pressure (BP) range of 140/90 mm Hg. Hypertension is one of the major causes of death in Japan, second only to smoking, due to the vast number of hypertensive people and low control rates, rising the demand for the Nifedipine in the region.
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