Global Nifedipine Market Overview:
Nifedipine belongs to a calcium channel blocker that comes under the dihydropyridine subclass. Primary uses of nifedipine are anti-hypertensive and anti-anginal medications. It relaxes the muscles of heart and blood vessels Nifedipine is used to treat hypertension (high blood pressure) and angina (chest pain). Nifedipine tablets come in an extended-release form and sustained released form of the drug. Nifedipine is also available in immediate-release oral capsules. They are also available in a generic drug. Nifedipine is used to lower blood pressure in people with hypertension, also used as part of combination therapy. Some of the key players profiled in the study are Pfizer (United States), Bayer (Germany), Actavis (United States), Teva (Israel), Shyndec (China), Honglin Pharma (China), Qingdao Huanghai Pharmaceutical (China), Yabao (China), Global Pharm (United States) and Huazhong Pharmaceutical Co Ltd (China).
On the basis of geography, the market of Nifedipine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Availability of dose, the sub-segment i.e. 10mg will boost the Nifedipine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Drug Delivery, the sub-segment i.e. Nifedipine Controlled-Release Tablets will boost the Nifedipine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing No Of Hypertension Patient
- Rising Use In Combination Therapy
Market Trend
- Used As A Second Line Of Treatment In Vasospastic Angina
Restraints
- Problems Like Edema, Allergic Reaction, Low Blood Pressure Or Low Heart Rate, And Liver Damage Found
- Drug-Drug Reactions Occur With The Following Categories That is Antibiotics, Antifungal Drugs, Antifungal Drugs, Antiviral Drugs
- Lower Shelf Life
Opportunities
- Availability In Generic Dose Also
- Growing Government Support
Challenges
- Short-Acting Nifedipine Is No Longer Considered Appropriate
- Damages The Blood Vessels Of The Brain
Major Market Developments:
In August 2019 Bayer acquires BlueRock Therapeutics to build a leading position in cell therapy. Bayer AG and BlueRock Therapeutics announced an agreement under which Bayer will fully acquire BlueRock Therapeutics, a privately held US-headquartered biotechnology company focused on developing engineered cell therapies in the fields of neurology, cardiology, and immunology.
In January 2020 granted approval for Bayer application for nifurtimox to treat pediatric patients with Chagas.A new formulation for the weight-adjusted treatment of pediatric Chagas patients age 0-18 targets most vulnerable patient group / Submission based on results of CHICO phase III clinical study of nifurtimox in pediatric patients with Chagas disease as well as pre-clinical data / Fight against Neglected Tropical Diseases part of Bayer’s Sustainability Strategy.
FDA approved following indication for nifedipine , that is Chronic stable angina, Vasospastic angina, and Hypertension. While in April 2019 FDA approved 30mg, 60mg, 90mg strengths tablets.
Increasing no of hypertension patients due to different reasons. The manufacturing companies have strong competition to earn the profit. Top companies, therefore, acquiring small firms to increase the overall business of the company. While mergers are another option to be in the market and catch the profit margins.
Target Audience:
Manufacturers, Hospital and diagnostic centers, Distributors/Suppliers/Wholesalers, Government sector, Research firms, Industry Associate and Downstream Vendors
Major Objectives Focused through this Study
To define, describe, and forecast the Global Nifedipine market on the basis of product [Initial dose(30 to 60 mg orally once a day), Maintenance dose (30 to 90 mg orally once a day) and Maximum dose (Up to 120 mg/day)] , application [Heart Failure, Raynauds Syndrome, Cephalalgia, Bronchial Asthma, Hypertension, Angina Pectoris Prophylaxis, Angina Pectoris and Primary Pulmonary Hypertension], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Nifedipine market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Nifedipine industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are DEAFARMA (Italy), Moehs Group (Spain) and Qualitek pharma (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Nifedipine market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.