According to Future Market Insights, the Chronic Pulmonary Hypertension Treatment Market revenue will reach US$ 7 billion in 2023 and is expected to reach US$ 11.4 billion by 2033, growing at a CAGR of 5% from 2023 to 2033. The rising prevalence of pulmonary hypertension and the increasing availability of effective treatment options are expected to drive significant market expansion in the future years.
Pulmonary hypertension is a condition in which the pulmonary artery, which delivers blood from the heart to the lungs, has abnormally high blood pressure. If unchecked, this may cause the right side of the heart to work harder, eventually leading to cardiac failure. A variety of factors can contribute to pulmonary hypertension, including inheritance, heart and lung disease, and drug or toxin exposure.
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One of the key drivers of the chronic pulmonary hypertension therapy sector is the disease’s increasing prevalence. According to the Pulmonary Hypertension Association, 10-15% of people with chronic obstructive pulmonary disease (COPD) and 30-40% of individuals with idiopathic pulmonary fibrosis (IPF) have pulmonary hypertension. Pulmonary hypertension is also more likely in people who have connective tissue diseases like scleroderma or lupus.
Another factor boosting the growth of the Chronic Pulmonary Hypertension Treatment market is the availability of viable treatment options. Several drugs for the treatment of pulmonary hypertension, including prostacyclins, endothelin receptor antagonists, and phosphodiesterase type 5 inhibitors, have been approved by regulatory bodies. These medications work by widening the blood vessels in the lungs, decreasing pulmonary artery pressure, and improving blood flow.
Furthermore, increased awareness of pulmonary hypertension among healthcare professionals and patients is projected to stimulate demand for effective treatment alternatives. Because pulmonary hypertension is frequently misdiagnosed or underdiagnosed, increasing public knowledge of the disease can assist patients in receiving timely and efficient treatment.
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Key Takeaways from the Market Study
- The Chronic Pulmonary Hypertension Treatment market increased at a 3.5% CAGR from 2018 to 2022.
- From 2023 to 2033, the global Chronic Pulmonary Hypertension Treatment market is predicted to rise at a 5% CAGR.
- The Chronic Pulmonary Hypertension Treatment Market is anticipated to reach $11.4 billion by 2033.
- The oral method of administration has the biggest market share, according to the FMI research.
- North America is estimated to have 40% of the market for Chronic Pulmonary Hypertension Treatment.
- The East & South Asia market is expected to grow significantly throughout the forecast period, accounting for 20% of the total.
“A series of international level collaborations involving healthcare stakeholders across various institutional settings are fueling further clinical trials and research studies dedicated to discovering Chronic Pulmonary Hypertension Treatment,” says an FMI analyst
Market Competition
Key players in the market include companies such as Bayer, Attgeno AB, Cereno Scientific AB, Bial – Portela C S.A, Liquidia Technologies, Bellerophon Therapeutics, AbbVie Therapeutics, Insmed, Altavant Sciences, Lupin Pharmaceuticals, Inc., Sun Pharmaceutical Industries, Inc., Teva Pharmaceutical Industries Ltd., along with healthcare providers and technology companies among other global players.
- In June 2022, Gossamer Bio, Inc., a clinical-stage biopharmaceutical company that specializes in discovering, acquiring, developing, and commercializing therapeutics in the areas of immunology, inflammation, and oncology, announced the release of crucial preclinical data that supports the potential of seralutinib in treating pulmonary arterial hypertension (PAH). The article, titled “Inhaled Seralutinib Exhibits Potent Efficacy in Models of Pulmonary Arterial Hypertension,” is available online and will be included in a future printed edition of the European Respiratory Journal, which is the premier scientific journal of the European Respiratory Society.
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More Insights Available
FMI, in its new offering, presents an unbiased analysis of the global Chronic Pulmonary Hypertension Treatment market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
The study reveals essential insights on the basis of drug type, distribution channel, route of administration & region.
Key Segments Profiled in the Chronic Pulmonary Hypertension Treatment Industry Survey
By Drug Type:
- Endothelin Receptor Antagonists
- PDE-5 Inhibitors
- Prostacyclin Analogs
- SGC Stimulators
By Route of Administration:
- Oral
- Intravenous/Subcutaneous
- Inhalational
By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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