Global Telmisartan Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 9/22/2022
- NO OF PAGES
- 222
- CATEGORY
- Healthcare & Life Sciences
Overview
Telmisartan is a medication used to treat high blood pressure, heart failure, and other cardiovascular conditions. It belongs to a class of drugs called angiotensin II receptor blockers (ARBs), which work by relaxing blood vessels and improving blood flow.
The global market for telmisartan is driven by a growing incidence of hypertension and other cardiovascular diseases, as well as increasing demand for effective and affordable treatments. According to a report, the global telmisartan market was valued at $2.2 billion in 2020 and is expected to reach $2.9 billion by 2026, growing at a CAGR of 4.3% during the forecast period.
North America and Europe are the largest markets for telmisartan, due to high prevalence of hypertension and robust healthcare infrastructure. However, the Asia Pacific region is expected to witness the fastest growth, owing to a large patient population, increasing healthcare expenditure, and rising awareness about the benefits of ARBs.
Some of the major players in the telmisartan market include Boehringer Ingelheim, Teva Pharmaceuticals, Novartis, Lupin Pharmaceuticals, Mylan, and Zydus Cadila. These companies are investing in research and development to develop new formulations and expand their product portfolios.
Overall, the telmisartan market is expected to grow steadily in the coming years, driven by increasing demand for effective treatments for hypertension and cardiovascular diseases.
Segment Overview
Telmisartan is a medication used to treat high blood pressure, also known as hypertension. It belongs to a class of drugs called angiotensin receptor blockers (ARBs), which work by blocking the action of a hormone called angiotensin II that causes blood vessels to narrow.
In terms of the market segment, telmisartan is primarily marketed as a prescription drug. It is sold under various brand names, including Micardis, Pritor, Kinzal, and Telma, among others. The market for telmisartan is dominated by pharmaceutical companies that manufacture and distribute the drug worldwide. The primary target market for telmisartan is individuals with high blood pressure, particularly those who have not responded well to other hypertension medications.
In addition to its primary use for hypertension, telmisartan has also been used in the treatment of other medical conditions, such as diabetic nephropathy (kidney disease) and cardiovascular disease. These additional uses have expanded the market segment for telmisartan beyond hypertension, making it a versatile drug that can be used to treat a range of health issues.
Geographical Overview
Telmisartan is a medication used to treat high blood pressure. It belongs to a class of drugs called angiotensin receptor blockers (ARBs). Telmisartan is sold under various brand names, including Micardis, Pritor, and Kinzal.
Telmisartan is a global drug and is widely available in many countries around the world. The drug is manufactured by several pharmaceutical companies, including Boehringer Ingelheim, Glenmark Pharmaceuticals, and Teva Pharmaceuticals.
In terms of market geography, telmisartan is commonly used in countries such as the United States, Canada, Europe, Japan, Australia, and several Asian countries. The drug is also used in many developing countries, where high blood pressure is a growing health concern.
Overall, the market for telmisartan is quite large, with many different manufacturers and distributors around the world. However, specific market trends and preferences may vary depending on factors such as local regulations, healthcare policies, and consumer demand.
COVID Impact
Telmisartan is an angiotensin II receptor blocker (ARB) that is used to treat high blood pressure. As for its market, the COVID-19 pandemic has had a mixed impact on the telmisartan market.
On the one hand, the demand for telmisartan has increased due to COVID-19-related complications such as hypertension, heart failure, and kidney disease. COVID-19 can cause respiratory distress syndrome, which can lead to a sudden increase in blood pressure and heart rate, making telmisartan an important drug in managing COVID-19 patients with underlying hypertension.
On the other hand, the pandemic has disrupted global supply chains, which has affected the production and distribution of telmisartan. The restrictions on movement and transportation, as well as the temporary shutdown of some manufacturing facilities, have led to a shortage of raw materials and delays in the delivery of finished products. This has caused fluctuations in the availability and price of telmisartan in some markets.
In summary, while COVID-19 has increased the demand for telmisartan, it has also caused disruptions in the supply chain, leading to fluctuations in availability and price.
Competitive Analysis
Telmisartan is an angiotensin receptor blocker (ARB) medication primarily used to treat high blood pressure. It works by relaxing blood vessels, thereby lowering blood pressure and reducing the risk of heart attack, stroke, and other cardiovascular complications.
In terms of market competition, telmisartan faces competition from other ARB medications such as losartan, valsartan, candesartan, and olmesartan. It also competes with other classes of antihypertensive medications such as diuretics, beta-blockers, and calcium channel blockers.
One key advantage of telmisartan over other ARBs is its long half-life, which allows for once-daily dosing. This may make it more convenient for patients and improve medication adherence. Telmisartan is also available in combination with the diuretic hydrochlorothiazide, which may provide additional blood pressure-lowering effects.
In terms of pricing, telmisartan is generally priced competitively compared to other ARBs and antihypertensive medications. However, pricing may vary depending on the region and the availability of generic versions.
Overall, telmisartan has established itself as a popular and effective medication for the treatment of high blood pressure, and its competitive pricing and dosing convenience may help it maintain its position in the market.
Global Telmisartan Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
Frequently Asked Questions
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Historic Year: 2016-2022
Forecast: 2024-2035
1 Telmisartan Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Telmisartan
1.3 Telmisartan Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Telmisartan
1.4.2 Applications of Telmisartan
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Takeda Market Performance Analysis
3.1.1 Takeda Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Takeda Sales, Value, Price, Gross Margin 2016-2021
3.2 Pfizer Market Performance Analysis
3.2.1 Pfizer Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Pfizer Sales, Value, Price, Gross Margin 2016-2021
3.3 Bayer Market Performance Analysis
3.3.1 Bayer Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Bayer Sales, Value, Price, Gross Margin 2016-2021
3.4 Mylan Market Performance Analysis
3.4.1 Mylan Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Mylan Sales, Value, Price, Gross Margin 2016-2021
3.5 Boehringer Ingelheim Market Performance Analysis
3.5.1 Boehringer Ingelheim Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Boehringer Ingelheim Sales, Value, Price, Gross Margin 2016-2021
3.6 China Resources Double Crane Pharmaceutical Market Performance Analysis
3.6.1 China Resources Double Crane Pharmaceutical Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 China Resources Double Crane Pharmaceutical Sales, Value, Price, Gross Margin 2016-2021
3.7 Wanbang Biopharmaceuticals Market Performance Analysis
3.7.1 Wanbang Biopharmaceuticals Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Wanbang Biopharmaceuticals Sales, Value, Price, Gross Margin 2016-2021
3.8 Novartis Market Performance Analysis
3.8.1 Novartis Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Novartis Sales, Value, Price, Gross Margin 2016-2021
3.9 Reddy'S Laboratories (Uk) Limited Market Performance Analysis
3.9.1 Reddy'S Laboratories (Uk) Limited Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Reddy'S Laboratories (Uk) Limited Sales, Value, Price, Gross Margin 2016-2021
3.10 Hema Pharmaceuticals Pvt Market Performance Analysis
3.10.1 Hema Pharmaceuticals Pvt Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Hema Pharmaceuticals Pvt Sales, Value, Price, Gross Margin 2016-2021
3.11 Gsk Market Performance Analysis
3.11.1 Gsk Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Gsk Sales, Value, Price, Gross Margin 2016-2021
3.12 Hainan Selection Pharmaceutical Market Performance Analysis
3.12.1 Hainan Selection Pharmaceutical Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 Hainan Selection Pharmaceutical Sales, Value, Price, Gross Margin 2016-2021
3.13 Astellas Pharma Inc Market Performance Analysis
3.13.1 Astellas Pharma Inc Basic Information
3.13.2 Product and Service Analysis
3.13.3 Strategies for Company to Deal with the Impact of COVID-19
3.13.4 Astellas Pharma Inc Sales, Value, Price, Gross Margin 2016-2021
3.14 Ratiopharm Market Performance Analysis
3.14.1 Ratiopharm Basic Information
3.14.2 Product and Service Analysis
3.14.3 Strategies for Company to Deal with the Impact of COVID-19
3.14.4 Ratiopharm Sales, Value, Price, Gross Margin 2016-2021
3.15 Hidaa Lifescience Market Performance Analysis
3.15.1 Hidaa Lifescience Basic Information
3.15.2 Product and Service Analysis
3.15.3 Strategies for Company to Deal with the Impact of COVID-19
3.15.4 Hidaa Lifescience Sales, Value, Price, Gross Margin 2016-2021
3.16 Abbott Market Performance Analysis
3.16.1 Abbott Basic Information
3.16.2 Product and Service Analysis
3.16.3 Strategies for Company to Deal with the Impact of COVID-19
3.16.4 Abbott Sales, Value, Price, Gross Margin 2016-2021
3.17 Nippon Boehringer Ingelheim Co Market Performance Analysis
3.17.1 Nippon Boehringer Ingelheim Co Basic Information
3.17.2 Product and Service Analysis
3.17.3 Strategies for Company to Deal with the Impact of COVID-19
3.17.4 Nippon Boehringer Ingelheim Co Sales, Value, Price, Gross Margin 2016-2021
3.18 Dawnrays Pharmaceutical Limited Market Performance Analysis
3.18.1 Dawnrays Pharmaceutical Limited Basic Information
3.18.2 Product and Service Analysis
3.18.3 Strategies for Company to Deal with the Impact of COVID-19
3.18.4 Dawnrays Pharmaceutical Limited Sales, Value, Price, Gross Margin 2016-2021
3.19 Beijing Wansheng Pharmaceutical Market Performance Analysis
3.19.1 Beijing Wansheng Pharmaceutical Basic Information
3.19.2 Product and Service Analysis
3.19.3 Strategies for Company to Deal with the Impact of COVID-19
3.19.4 Beijing Wansheng Pharmaceutical Sales, Value, Price, Gross Margin 2016-2021
3.20 Teva Market Performance Analysis
3.20.1 Teva Basic Information
3.20.2 Product and Service Analysis
3.20.3 Strategies for Company to Deal with the Impact of COVID-19
3.20.4 Teva Sales, Value, Price, Gross Margin 2016-2021
3.21 Yichang Changjiang Pharmaceutical Market Performance Analysis
3.21.1 Yichang Changjiang Pharmaceutical Basic Information
3.21.2 Product and Service Analysis
3.21.3 Strategies for Company to Deal with the Impact of COVID-19
3.21.4 Yichang Changjiang Pharmaceutical Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Telmisartan Production and Value by Type
4.1.1 Global Telmisartan Production by Type 2016-2021
4.1.2 Global Telmisartan Market Value by Type 2016-2021
4.2 Global Telmisartan Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Injection Market Production, Value and Growth Rate
4.2.2 Freeze-Dried Powder Market Production, Value and Growth Rate
4.3 Global Telmisartan Production and Value Forecast by Type
4.3.1 Global Telmisartan Production Forecast by Type 2021-2026
4.3.2 Global Telmisartan Market Value Forecast by Type 2021-2026
4.4 Global Telmisartan Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Injection Market Production, Value and Growth Rate Forecast
4.4.2 Freeze-Dried Powder Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Telmisartan Consumption and Value by Application
5.1.1 Global Telmisartan Consumption by Application 2016-2021
5.1.2 Global Telmisartan Market Value by Application 2016-2021
5.2 Global Telmisartan Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Hospital Use Market Consumption, Value and Growth Rate
5.2.2 Clinic Market Consumption, Value and Growth Rate
5.2.3 Others Market Consumption, Value and Growth Rate
5.3 Global Telmisartan Consumption and Value Forecast by Application
5.3.1 Global Telmisartan Consumption Forecast by Application 2021-2026
5.3.2 Global Telmisartan Market Value Forecast by Application 2021-2026
5.4 Global Telmisartan Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Hospital Use Market Consumption, Value and Growth Rate Forecast
5.4.2 Clinic Market Consumption, Value and Growth Rate Forecast
5.4.3 Others Market Consumption, Value and Growth Rate Forecast
6 Global Telmisartan by Region, Historical Data and Market Forecasts
6.1 Global Telmisartan Sales by Region 2016-2021
6.2 Global Telmisartan Market Value by Region 2016-2021
6.3 Global Telmisartan Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Telmisartan Sales Forecast by Region 2021-2026
6.5 Global Telmisartan Market Value Forecast by Region 2021-2026
6.6 Global Telmisartan Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Telmisartan Value and Market Growth 2016-2021
7.2 United State Telmisartan Sales and Market Growth 2016-2021
7.3 United State Telmisartan Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Telmisartan Value and Market Growth 2016-2021
8.2 Canada Telmisartan Sales and Market Growth 2016-2021
8.3 Canada Telmisartan Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Telmisartan Value and Market Growth 2016-2021
9.2 Germany Telmisartan Sales and Market Growth 2016-2021
9.3 Germany Telmisartan Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Telmisartan Value and Market Growth 2016-2021
10.2 UK Telmisartan Sales and Market Growth 2016-2021
10.3 UK Telmisartan Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Telmisartan Value and Market Growth 2016-2021
11.2 France Telmisartan Sales and Market Growth 2016-2021
11.3 France Telmisartan Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Telmisartan Value and Market Growth 2016-2021
12.2 Italy Telmisartan Sales and Market Growth 2016-2021
12.3 Italy Telmisartan Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Telmisartan Value and Market Growth 2016-2021
13.2 Spain Telmisartan Sales and Market Growth 2016-2021
13.3 Spain Telmisartan Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Telmisartan Value and Market Growth 2016-2021
14.2 Russia Telmisartan Sales and Market Growth 2016-2021
14.3 Russia Telmisartan Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Telmisartan Value and Market Growth 2016-2021
15.2 China Telmisartan Sales and Market Growth 2016-2021
15.3 China Telmisartan Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Telmisartan Value and Market Growth 2016-2021
16.2 Japan Telmisartan Sales and Market Growth 2016-2021
16.3 Japan Telmisartan Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Telmisartan Value and Market Growth 2016-2021
17.2 South Korea Telmisartan Sales and Market Growth 2016-2021
17.3 South Korea Telmisartan Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Telmisartan Value and Market Growth 2016-2021
18.2 Australia Telmisartan Sales and Market Growth 2016-2021
18.3 Australia Telmisartan Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Telmisartan Value and Market Growth 2016-2021
19.2 Thailand Telmisartan Sales and Market Growth 2016-2021
19.3 Thailand Telmisartan Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Telmisartan Value and Market Growth 2016-2021
20.2 Brazil Telmisartan Sales and Market Growth 2016-2021
20.3 Brazil Telmisartan Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Telmisartan Value and Market Growth 2016-2021
21.2 Argentina Telmisartan Sales and Market Growth 2016-2021
21.3 Argentina Telmisartan Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Telmisartan Value and Market Growth 2016-2021
22.2 Chile Telmisartan Sales and Market Growth 2016-2021
22.3 Chile Telmisartan Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Telmisartan Value and Market Growth 2016-2021
23.2 South Africa Telmisartan Sales and Market Growth 2016-2021
23.3 South Africa Telmisartan Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Telmisartan Value and Market Growth 2016-2021
24.2 Egypt Telmisartan Sales and Market Growth 2016-2021
24.3 Egypt Telmisartan Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Telmisartan Value and Market Growth 2016-2021
25.2 UAE Telmisartan Sales and Market Growth 2016-2021
25.3 UAE Telmisartan Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Telmisartan Value and Market Growth 2016-2021
26.2 Saudi Arabia Telmisartan Sales and Market Growth 2016-2021
26.3 Saudi Arabia Telmisartan Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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