Telmisartan belongs to a class of antihypertensive drugs called angiotensin receptor blockers (ARBs). This medication is used to treat hypertension (high blood pressure). It works by blocking the action of certain substances that tighten the blood vessels, letting the blood to flow more smoothly & the heart to pump more efficiently. Telmisartan is also used to decrease the chances of stroke, heart attack or death in persons 55 years of age or older who are at high risk for cardiovascular diseases. Telmisartan comes as a tablet form to take by mouth. Telmisartan drug may be used alone or in combination with other drugs such as hydrochlorothiazide and amlodipine. It is available in different tablet strengths.
List of Key Players
The key players profiled in this report include Abbott Laboratories, Aurobindo Pharma, Boehringer Ingelheim International GmbH, Cipla Inc., Glaxosmithkline Plc (GSK), Mylan N.V., Sanofi, Sun Pharmaceutical Industries Limited, Teva Pharmaceutical Industries Ltd. (Actavis Generics), and Zydus Cadila.
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Increase in prevalence of high blood pressure (hypertension), growth in geriatric population, surge in number of government initiatives for creating awareness about cardiovascular and blood pressure diseases are the major factors that boost the growth of the telmisartan market. In addition, marketing approvals for generic versions of telmisartan, and chronic disorders such as diabetes, further drives the growth of the market. Moreover, change in lifestyle, which in turn is expected to surge the demand for telmisartan in the global market. However, drug shortages are likely to restrain the growth of the telmisartan market. Conversely, surge in research related to telmisartan drug in emerging economies is expected to offer lucrative opportunities during the forecast period.
COVID-19 is a large family of viruses that causes illness ranging from common cold to more severe respiratory diseases. This COVID-19 pandemic has affected telmisartan production and import & export of raw material and finished goods, owing to shutdowns in various COVID-19-affected countries. Temporary disruptions of inputs or production might stress some companies, particularly those with inadequate liquidity. Moreover, delayed shipments & production schedules create financial problems for companies with heavy debts. This, in turn, has limited the impact of COVID-19 on the market.
The global telmisartan market is segmented into indication, distribution channel, and region.
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According to distribution channel, the market is classified into hospital pharmacies, drug stores & retail pharmacies, and online pharmacies. The hospital pharmacies segment is anticipated to depict significant growth during the forecast period due to rise in number of hospital pharmacies globally and wide availability in hospital pharmacies. Moreover, online pharmacies segment is expected to exhibit the highest growth rate during the forecast period, owing to increase in awareness of online pharmacy and rise in number of internet users.
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