Propranolol Drug Market: Current Analysis and Forecast (2022-2030)

Report Description

The Propranolol Drug market was valued at USD 850 Million and is expected to grow at a strong CAGR of around 6% during the forecast period (2022-2030). Propranolol is a medication that belongs to the class of beta blockers, which are commonly used to treat high blood pressure, angina, and certain types of heart rhythm disorders. It works by blocking the effects of adrenaline on the heart and blood vessels, which results in decreased heart rate, reduced blood pressure, and improved oxygen delivery to the heart. Propranolol is primarily used to treat cardiovascular conditions such as hypertension, angina, and arrhythmias. The prevalence of these conditions in the population can drive the demand for propranolol. For instance, as per the CDC,  the estimated 12.1 million people in the United States will have AFib in 2030.

Some of the major players operating in the market Pierre Fabre Group; Hikma Pharmaceuticals PLC; Viatris Inc; GSK plc; Baxter; Teva Pharmaceutical Industries Ltd.; ANI Pharmaceuticals, Inc.; Amneal Pharmaceuticals LLC; Fresenius Kabi AG; and Par Pharmaceutical Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst application, the angina segment is expected to grow at a higher CAGR during the forecast period.”

Based on application, the market is segmented into hypertension, angina, heart rhythm management, and others. As per our analysis, the angina segment is expected to grow at a higher CAGR during the forecast period. The changing lifestyle preferences such as increasing consumption of fast food and a sedentary lifestyle are the major reasons for the rising cases of angina and these are becoming important factors for the fast growth of the segment.

“Amongst type, the oral segment held the dominant share in 2021.”

Based on the type, the market is segmented into oral and intravenous. As per our analysis, the oral segment held the dominant share in 2021. Oral medicines are preferable for patients as they are easy to consume and chemically as well as biologically more stable. Further, these drugs are cost-efficient as these drugs don’t undergo sterilization procedures which is also an important factor for the large share of the segment.

“Amongst distribution channels, the online pharmacies segment is expected to grow at a higher CAGR during the forecast period.”

Based on distribution channels, the market is segmented into hospital pharmacies, online pharmacies, and retail pharmacies. As per our analysis, the online pharmacies segment will grow with highest CAGR during the forecast period.

Propranolol Drug Market Report Coverage

“Asia Pacific is expected to grow with the highest CAGR Propranolol Drug market during the forecast period.”

Asia Pacific is expected to grow with the highest CAGR propranolol drug market during the forecast period due to its large population and the increasing geriatric population in the region attributed to the market growth in the region. For instance, as per the European Parliament, Japan is aging rapidly. Its “aging” society is the oldest in the world, 28.7% of the population is over the age of 65 and women make up the majority.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global propranolol drug market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Propranolol Drug Market Analysis (2022-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global propranolol drug market were the three major steps undertaken to create and analyze the adoption of propranolol drugs in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of global propranolol drug market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Propranolol Drug market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Propranolol Drug market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, category, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Propranolol Drug market. Further, we conducted factor analysis using dependent and independent variables such as type, category, and application of the Propranolol Drug market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Propranolol Drug market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Propranolol Drug market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the Propranolol Drug market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global Propranolol Drug market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Propranolol Drug market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the type, category, and application in the global Propranolol Drug market.

The main objective of the Global Propranolol Drug Market Study

The current & future market trends of the global Propranolol Drug market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the Propranolol Drug market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of type, category, and application.
• Define and analysis of the regulatory framework for the Propranolol Drug industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the Propranolol Drug market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the Propranolol Drug market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team