What is Beta blockers Market?
Beta blockers also called beta-adrenergic blocking agents are medications that reduce blood pressure. Also, it helps widen veins and arteries to improve blood flow. Beta-blockers are used to manage cardiac arrhythmias, heart failure, high coronary artery disease risk, diabetes, post-heart attack, angina pectoris because of coronary atherosclerosis, and hypertension.
The market study is being classified by Type (Non-selective antagonists and Selective β1-antagonists), by Application (Abnormal Heart Rhythms and Hypertension) and major geographies with country level break-up.
Laboratoires Pierre Fabre (France), Lupin Limited (India), GlaxoSmithKline (United Kingdom), ANIP Acquisition Company (United States), Mylan (United States), Novartis (Switzerland), Sun Pharmaceutical Industries Ltd. (India), Teva Pharmaceutical (Israel), King Pharmaceuticals (United States) and Amneal Pharmaceuticals (United States) are some of the key players profiled in the study.
Global Beta Blockers is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Segment Analysis
Analyst at AMA have segmented the market study of Global Beta blockers market by Type, Application and Region.
On the basis of geography, the market of Beta blockers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Application of Beta Blockers to treat a wide range of Health Issues like Heart Problems, Anxiety Attacks
- Rapid Growth of Geriatric Population Worldwide
Market Trend
- Rising Heart Related Issues
- Technical Progress in Healthcare Sector
Restraints
- Concerns Related to the Severe Asthma Attacks
Opportunities
- Increasing Patients with Hypertension and Heart Diseases, and Lack of Proper Treatment
- Lack of Physical Exercise Coupled With Poor Diet
Challenges
- Government Guidelines on the Packaging Labels of Beta Blockers
Market Leaders and some development strategies
On 9th March 2021, ANIP Acquisition Company announced the acquisition of Novitium Pharma. The transaction has been approved by the ANI Board of Directors. The acquisition will strengthen ANI’s well-established Generics business with enhanced development capabilities and increased focus on niche opportunities.
On 28th May 2019, Teva Pharmaceutical has launch a generic version of Ranexa (ranolazine), is an extended-release tablet of 500 mg and 1000 mg, in the United States. The tablets are indicated for the treatment of chronic angina. Ranolazine Extended-Release Tablets may be used with beta-blockers, nitrates, calcium channel blockers, anti-platelet therapy, lipid-lowering therapy, ACE inhibitors, and angiotensin receptor blockers.
Key Target Audience
Beta Blockers Manufacturers, Beta Blockers Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others