Market Trends of Calcium Channel Blocker Industry
This section covers the major market trends shaping the Calcium Channel Blocker Market according to our research experts:
Hospitals Segment Expected to Hold a Major Share in the Calcium Channel Blocker Market
A hospital also referred to as a medical centre, is a healthcare institution providing treatment with specialized medical and nursing staff and medical equipment. Factors such as increasing cases of hypertension, along with an increasing number of hospitals and initiatives by the public organization, are expected to increase the market growth. For instance, according to the American Hospital Association, 2021, the total number of all United States Hospitals was 6,090. More than 700 million individuals around the world have untreated hypertension, according to data updated by the World Health Organization (WHO) in August 2021, and 1.28 billion people worldwide had hypertension, a sharp increase over the previous few decades.
Additionally, hypertension considerably raises the risk of renal, heart, and brain problems, according to the WHO publication. As a result, there is an increase in demand for medications used to manage hypertension, which is anticipated to propel the segment's expansion. In August 2022, Prime Minister Narendra Modi inaugurated Amrita Hospital in Haryana, which is claimed to be India's largest private hospital with 2,600 beds. The super-speciality hospital is equipped with the latest healthcare facilities. With an increasing number of large hospitals, it is believed that the care provided to patients will also improve, which will boost the segment growth in the coming years.
Thus, the abovementioned factors are likely to increase the market growth.
North America Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to hold a major market share in the global calcium Channel blocker market due to changing lifestyles among people and the increasing prevalence rate of cardiovascular diseases.
The adoption of a sedentary lifestyle has serious implications for the health of people and is known to cause diseases related to cardiovascular diseases, obesity, high blood pressure, etc. For instance, according to the Pan American Health Organization (PAHO) for 2021, ischemic heart disease and stroke were the leading causes of mortality and a significant factor in disability in the Americas. Cardiovascular diseases (CVD) are also one of the main causes of death and disability worldwide. According to the same source as above, ischemic heart disease is a significant cause of 73.6 fatalities per 100,000 people. In the Americas, 40.8 million disability-adjusted life years (DALYs) are caused each year by cardiovascular illnesses. Thus, to prevent such high mortality, the adoption of hypertension-prevention drugs is expected to increase. This is expected to increase market growth in the upcoming future.
The increasing burden of hypertension is augmenting the emergence of new initiatives by the government to cope with the condition. For instance, Mexico formally endorsed the HEARTS project in February 2020. The Pan American Health Organization/World Health Organization (PAHO/WHO) is supporting the effort, which aims to improve primary care-level hypertension prevention and management. The goal is to reduce the burden of chronic diseases and get closer to achieving the Sustainable Development Goals by 2030. Such a program is expected to increase the need for blood pressure medications in the nation, which will help to fuel the rising need for calcium channel blockers. Thus, the abovementioned factors are expected to increase the market growth.
