Prils Market to grow at a CAGR of 5.43% by 2026 | Evolving Opportunities with Aurobindo Pharma Ltd. and Dr. Reddys Laboratories Ltd.|17000+ Technavio Reports

·5 min read

NEW YORK, Jan. 19, 2022 /PRNewswire/ -- The Prils market is set to grow by USD 784.14 million between 2021 and 2026, accelerating at a CAGR of 5.43% as per the latest report by Technavio. The market is segmented by application (hypertension, heart failure, and chronic kidney disorders) and geography (North America, Europe, Asia, and ROW). The report provides detailed insights into how vendors are performing in terms of revenue generation, market position, product launches, and customer base among others.

Attractive Opportunities in Prils Market by Application and Geography - Forecast and Analysis 2022-2026
Attractive Opportunities in Prils Market by Application and Geography - Forecast and Analysis 2022-2026

Purchase our full report on the Prils market for a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.

Read our Free Sample Report before purchasing.

Key takeaways from Prils Market study

  • Prils market size to increase by USD 784.14 million at a CAGR of 5.43% between 2021 and 2026

  • 4.15% year-over-year growth expected in 2022

  • 40% market growth to originate in North America during the forecast period

  • Dominant vendors include Aurobindo Pharma Ltd., Dr. Reddys Laboratories Ltd., Fazio Group of Companies, Lupin Ltd., Manus Aktteva Biopharma LLP. and others

Prils Market: Revenue Generating Segment

The prils market share growth by the hypertension segment will be significant for revenue generation. Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the prils market size and actionable market insights on each segment which will assist in creating efficient business plans & strategies.

To gain further insights on the market contribution of various segments - Download a free sample now!

Prils Market: Growth Drivers and Restraints

The rising geriatric population is one of the key factors driving the global prils market growth. The increase in the aging population is a matter of concern for many countries such as China, the US, and Japan. This growing population requires medical services, which in turn will positively impact the market in focus during the forecast period. For instance, the high incidence of cardiovascular diseases (CVDs) in the US is leading to a high rise in the consumption of CVD drugs. The governments are increasing the investment in R&D in hypertension and cardiovascular segment which will drive the global prils market growth. Furthermore, certain chronic diseases such as obesity, diabetes, and high cholesterol will increase the risk of heart disease, thereby increasing the demand for CVD drugs and further stimulating the growth.

However, the key challenge to the global prils market growth is the side effects of prils. The drugs used for the treatment of heart failure and hypertension have many side effects such as dizziness, ringing or buzzing in the ears, diarrhea, high potassium levels in the blood, which can cause heart rhythm problems, and swelling due to fluid buildup under the skin. This will encourage consumers to adopt other modes of management of diseases, such as maintaining a healthy lifestyle with proper diets and exercise. Therefore, such negative impacts of prils on patients and availability of a wide range of substitutes may reduce the adoption of prils for heart treatment in the market in focus during the forecast period.

The Prils Market report answers questions such as:

  • Is the market structure fragmented or concentrated?

  • What was the market size in 2022 and the forecast of the Prils Market through 2026?

  • Which are the best segment areas to invest in over the forecast period?

  • What is the market share of dominant and strong vendors in the Prils Market?

  • What are the latest trends and regulatory frameworks in the Prils Market?

Get all your questions answered in our full report.

For additional insights on the Prils Market report - Download Our Free Sample Report

Related Reports:
PD-1 and PD-L1 Inhibitors Market -The PD-1 and PD-L1 inhibitors market share is expected to increase by USD 29.97 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 19.11%. Download a free sample now!

Acupuncture Market -The acupuncture market share is expected to increase by USD 14.31 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 13.65%. Download a free sample now!

Prils Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.43%

Market growth 2022-2026

USD 784.14 million

Market structure

Fragmented

YoY growth (%)

4.15

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 40%

Key consumer countries

US, Canada, Germany, China, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Aurobindo Pharma Ltd., Dr. Reddys Laboratories Ltd., Fazio Group of Companies, Lupin Ltd., Manus Aktteva Biopharma LLP, Merck KGaA, Novartis AG, Pfizer Inc., Sun Pharmaceutical Industries Ltd., and Viatris Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)
Technavio (PRNewsfoto/Technavio)
Cision
Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/prils-market-to-grow-at-a-cagr-of-5-43-by-2026--evolving-opportunities-with-aurobindo-pharma-ltd-and-dr-reddys-laboratories-ltd17000-technavio-reports-301462816.html

SOURCE Technavio