The primary types of vasodilators include arterial dilators, venous dilators, and mixed dilators. Arterial dilators primarily widen arteries, improving blood flow from the heart throughout the body. Examples of these medications are nitroglycerin, alprostadil, minoxidil, and sorbitrate. They are administered via oral, parenteral, and other routes, and are utilized across various settings including hospitals, homecare, specialty centers, among others.
The vasodilators market research report is one of a series of new reports that provides vasodilators market statistics, including vasodilators industry global market size, regional shares, competitors with a vasodilators market share, detailed vasodilators market segments, market trends and opportunities, and any further data you may need to thrive in the vasodilators industry. This vasodilators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The vasodilators market size has grown strongly in recent years. It will grow from $6.01 billion in 2023 to $6.4 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth observed in the historic period can be attributed to heightened awareness and improved diagnosis, governmental initiatives and healthcare policies, increasing health consciousness among populations, advancements in gene therapy, and the expanding adoption of artificial intelligence.
The vasodilators market size is expected to see strong growth in the next few years. It will grow to $8.22 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be linked to the escalating prevalence of hypertension and cardiovascular diseases, rising demand for advanced medical technologies addressing cardiac ailments, a globally increasing geriatric demographic, growing incidences of diabetes and high blood pressure, and the growing significance of personalized medicine. Key trends expected in the forecast period encompass strategic mergers and acquisitions, a shift towards outpatient and home-based care settings, innovations in product offerings, technological advancements, and the expansion of healthcare infrastructure.
The vasodilators market is poised for growth due to the increasing incidence of cardiovascular diseases. These diseases, which include coronary artery disease, heart failure, and stroke, are often associated with hypertension and other risk factors, fueled by sedentary lifestyles, unhealthy diets, obesity, tobacco use, and aging populations. Vasodilators play a crucial role in managing cardiovascular conditions by relaxing blood vessels, lowering blood pressure, and enhancing blood flow. In May 2024, the Centers for Disease Control and Prevention reported that coronary artery disease alone caused 375,476 deaths in 2021, affecting approximately 1 in 20 adults aged 20 and above. Hence, the upward trend in cardiovascular diseases is a key driver of the vasodilators market's expansion.
The increasing prevalence of sedentary lifestyles is expected to drive growth in the vasodilators market. Sedentary lifestyles, characterized by limited physical activity and prolonged periods of sitting or lying down, are becoming more common due to modern conveniences such as technology and desk-bound jobs. This trend is fueled by technological advancements and work environments that prioritize convenience over movement. Vasodilators play a crucial role in mitigating cardiovascular risks associated with sedentary lifestyles by improving blood flow and reducing hypertension. For example, data from the Centers for Disease Control and Prevention in September 2023 showed that 22 states in the US had an adult obesity rate of 35% or higher, up from 19 states in 2021, highlighting the growing impact of sedentary lifestyles. This trend is a key driver for the vasodilators market's growth.
Major players in the vasodilators market are concentrating on developing advanced products such as soluble guanylate cyclase (sGC) stimulators to gain a competitive advantage. Soluble guanylate cyclase (sGC) is an enzyme primarily found in cells, particularly in the smooth muscle cells lining blood vessels. Activation of sGC converts guanosine triphosphate (GTP) into cyclic guanosine monophosphate (cGMP), leading to vasodilation and increased blood flow. For instance, in September 2022, Bayer AG, a pharmaceutical and biotechnology company based in Germany, introduced Vericiguat (Verquvo), an sGC stimulator designed for adults with symptomatic chronic heart failure. This drug targets a pathway not addressed by current treatments, thus reducing the risk of cardiovascular death and hospitalization. This strategic focus on innovative products such as sGC stimulators reflects the industry's drive to offer more effective solutions for cardiovascular conditions.
Major companies operating in the vasodilators market are Pfizer Inc., Merck & Co. Inc., AbbVie Inc., Novartis AG, Sanofi S.A., Bristol-Myers Squibb Company, Abbott Laboratories, GlaxoSmithKline Plc., Eli Lilly and Company, Gilead Sciences Inc., Amgen Inc., AstraZeneca, Mayo Foundation for Medical Education and Research (MFMER), Boehringer Ingelheim International GmbH, Bayer AG, Viatris Inc., Novo Nordisk A/S, Teva Pharmaceutical Industries Ltd., Astellas Pharma Inc., Biogen.
North America was the largest region in the vasodilators market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vasodilators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the vasodilators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The vasodilators market consists of sales of tablets, capsules, injectable solutions, transdermal patches, oral solutions, sublingual tablets, intravenous infusions, topical creams, and gels. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Vasodilators Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on vasodilators market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for vasodilators ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The vasodilators market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Arterial Dilators; Venous Dilators; Mixed Dilators2) By Drugs: Nitroglycerin; Alprostadil; Minoxidil; Sorbitrate; Other Drugs
3) By Indication: Hypertension; Angina; Heart Failure; Other Indications
4) By Route Of Administration: Oral; Parenteral; Other Routes Of Administration
5) By End User: Hospitals; Homecare; Specialty Centers; Other End Users
Key Companies Mentioned: Pfizer Inc.; Merck & Co. Inc.; AbbVie Inc.; Novartis AG; Sanofi S.A.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Pfizer Inc.
- Merck & Co. Inc.
- AbbVie Inc.
- Novartis AG
- Sanofi S.A.
- Bristol-Myers Squibb Company
- Abbott Laboratories
- GlaxoSmithKline Plc.
- Eli Lilly and Company
- Gilead Sciences Inc.
- Amgen Inc.
- AstraZeneca
- Mayo Foundation for Medical Education and Research (MFMER)
- Boehringer Ingelheim International GmbH
- Bayer AG
- Viatris Inc.
- Novo Nordisk A/S
- Teva Pharmaceutical Industries Ltd.
- Astellas Pharma Inc.
- Biogen
Methodology
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