Market Trends of Polypill Products Industry
The multi-parameter polypill Segment is Expected to Witness Significant Growth Over the Forecast Period
The multi-parameter polypill has played a significant role in developing the polypill market growth rate over the years. The multi-parameter polypill is projected to hold a significant market share during the forecast period. The factors responsible for the multi-parameter polypill segment's rapid growth are rising demand for the multi-parameter polypill over the single parameter polypill, multi-parameter polypill preferred by physicians over the standard individual medications, and multi-parameter polypill availability on all distribution channels.
Several key players are investing and developing multi-parameter polypills for multiple disease parameters. For instance, CardioPharma is developing a multi-parameter polypill CardiaPill (CP-101), with Aspirin, simvastatin, and lisinopril composition to target several cardiac factors. Also, Tehran University is developing Poly Pill 4-2 with a combination of Aspirin, enalapril/valsartan, atorvastatin, and hydrochlorothiazide to treat the multi-parameters of cardiac disease.
By definition, a polypill is a fixed‐dose combination of medicines with proven benefits for the detection of CVD. The multi‐parameter polypill or cardiovascular polypill is a type of polypill that comprises several pharmaceutical components, each lowering one of the significant cardiovascular risk factors that has around 3 to 4 components and is targeted at 3 to 4 risk factors. The multi-parameter polypill is directed to cardiovascular patients who are moderate to high-risk. The multi-parameter polypill is utilized to improve overall cardiovascular risk control in the population, improve adherence, and reduce side effects. The cost of this polypill is relatively less than the single parameter polypill. Hence, the multi-parameter polypill segment is expected to hold a significant share during the forecast period.
The increasing demand for multi-parameter polypill is due to the rapid rise in cardiovascular diseases in developing regions where the medical infrastructure is improving steadily. Also, 3D printing technology is used to develop the multi-parameter polypill to enhance product performance in personalized medicine areas. For instance, in July 2023, the International Journal of Pharmaceutics published a paper that stated that Fused deposition modeling (FDM) 3D printing technology coupled with hot-melt extrusion (HME) had been successfully applied in the manufacture of polypills containing nifedipine (NFD), as an antihypertensive drug, simvastatin (SMV), as an antihyperlipidemic drug, and gliclazide (GLZ) as an anti glycemic drug.
Therefore, the multi-parameter Polypill segment is projected to expand significantly during the forecast period due to the abovementioned factors.
North America is Expected to Dominate the Polypill Products Market
North America is anticipated to dominate the market due to factors such as high awareness among healthcare practitioners about new medicines in the region, an increase in sedentary lifestyle in the United States, new product launches, high healthcare expenditure & disposable income, and the presence of key companies in the region are among the key factors contributing to the growth of the studied market in North America.
The rising prevalence of hypertension is expected to drive the growth of the polypill products market in North America, as the demand for these drugs, specifically for hypertension, is remarkably high. For instance, according to the Centers for Disease Control and Prevention, 2023, heart disease costs the United States about USD 239.9 billion each year; this includes the cost of health care services, medicines, and lost productivity due to death. The high rate of hospitalization and high cost of cardiovascular treatment in the United States makes the country a significant market share holder during the forecast period.
Therefore, owing to the aforementioned factors, the growth of the polypill market is anticipated in North America.
