Propranolol is a beta adrenergic receptor-blocking medication used to treat or prevent high blood pressure, PTSD, irregular heartbeats, tremors, angina pectoris, migraine, and anxiety. Hypertension is the leading risk factor for disability and death worldwide, according to a study published in the American Heart Association, Inc.

In 2010, the Asia and Pacific region had the highest burden of hypertension, with 439 million people affected. According to WHO, propranolol is one of the most important pharmaceutical drugs needed in a basic health system. The drug is a nonselective beta blocker that can cross the blood-brain barrier. It inhibits neurotransmitter action and improves memory consolidation.

Propranolol’s advantage made it useful for brain disorders as well, resulting in a positive impact of propranolol drug in both heart and brain disorders. The drug propranolol is being studied as a potential treatment for post-traumatic stress disorder. Propranolol was first marketed as Inderal by ICI Pharmaceutical, which is now known as AstraZeneca, in 1965.

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Propranolol Drug Market: Drivers and RestraintsThe rise in hypertension incidence and rapidly changing lifestyles in developing countries are expected to drive the global market for propranolol drugs. Furthermore, advancements in the pharmaceutical market and funding initiatives in the R&D sector are expected to drive the growth of the propranolol drug market during the forecast period.

Because propranolol is a non-selective beta-blocker, it has similar effects on the lungs, heart, and other areas of the body, which contributes to adverse effects such as allergic reaction, breathing problems, sudden weight gain, blood sugar changes, and so on. Alternative options for propranolol drugs and drug side effects may limit the market’s growth.

Propranolol Drug Market: OverviewNorth America and Europe dominate the propranolol drug market due to an increase in sedentary lifestyles and an ageing population, which increases the rate of hypertension and angina cases. As tablet form is more prescribed by doctors for long term positive effects, the oral route of administration shows high market growth in the propranolol drug market.

This segment includes tablets and extended-release capsules, which are more preferred and have better patient outcomes. In the propranolol drug market, hypertension accounts for a large share of the disease indication segment when compared to other disease types. Because hypertension is a chronic disease, patients may need to take medication every day for the rest of their lives.

Propranolol Drug Market: Regional OverviewThe global propranolol drug market is divided into seven regions: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, the Middle East, and Africa. The global propranolol drug market was dominated by North America. According to a study published by the Centers for Disease Control and Prevention (CDC) in 2014, nearly 70 million Americans suffer from hypertension, which is expected to rise in the coming years, creating a growth opportunity for the propranolol drug market.

Asia-Pacific, on the other hand, is expected to grow rapidly over the forecast period due to changing lifestyles and a growing disease population. Furthermore, various public awareness campaigns launched by medical organisations to encourage people to get regular checkups and explore available treatment options will result in a significant growth opportunity.

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Propranolol Drug Market: Key PlayersGlaxosmithkline, Mylan pharmaceuticals inc, Actavis Elizabeth llc, Inwood laboratories inc, sub forest laboratories inc, Roxane laboratories inc, Baxter healthcare corp, Bedford laboratories, Wyeth ayerst laboratories, Ipca laboratories ltd, Teva pharmaceuticals, Vintage pharmaceuticals, Northstar healthcare holdings ltd, Pliva inc, Interpharm inc, Ivax pharmaceuticals inc, Clonmel healthcare l

Propranolol Drug Market: SegmentationThe global propranolol drug market is classified on the basis of route of administration, disease indication and end user.

Based on of route of administration, the global propranolol drug market is segmented into the following:

  • Oral administration
  • Solid
  • Liquid
  • IV administration

Based on disease indication, the global propranolol drug market is segmented into the following:

  • Hypertension
  • Angina
  • Migraine
  • Tremors

Based on end user, the global propranolol drug market is segmented into the following:

  • Hospitals
  • Clinics
  • Home care settings
  • Ambulatory Surgical Centers

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