(MENAFN- America News Hour) The norepinephrine drug market is anticipated to record a robust CAGR during the forecast period, i.e. 2020-2028. The market is growing on the back of an extensive number of hypotension cases globally along with the surge in the population of geriatric individuals. The norepinephrine drug market is segmented by product, by application, by end-user, and by region. Based on the end-user, the norepinephrine market is segmented into hospitals, private clinics, ambulatory surgery centers, and others.
Rise in Numbers of Geriatric Population to Fuel the Market Growth
According to the UN report on World Population Ageing of 2017, the global population aged 60 years or over numbered 962 million in 2017 and expected to double again by 2050 when it is estimated to reach almost 2.1 billion.
The population of geriatric individuals is at an all-time high in developed countries owing to their health sector providing people with greater life expectancies. Additionally, geriatric individuals are more prone to risk hypotension which normally increases with age due to the decline in blood flow. Hence, the rise in the geriatric population is estimated to contribute towards the market growth of the norepinephrine drug during forecast period. However, adverse side-effects and contraindication related to the norepinephrine drug are estimated to limit the growth of the market in the coming years.
Research Nester released a report titled“Norepinephrine Drug Market – Global Demand Analysis & Opportunity Outlook 2028” which delivers a detailed overview of the norepinephrine drug market in terms of market segmentation by product, by application, by end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter's five force model.
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Out of these, the hospitals are accounted for the largest market share owing to the increase in the number of elderly patients every year. Elderly in-patients at hospitals are higher than the patients in-home care settings owing to the intensive monitoring and caring routine of elderly patients.
Based on the regional analysis, the norepinephrine drug market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. On the basis of region, the market in North America is anticipated to hold the largest market share owing to the growing geriatric population in developed countries such as the USA and Canada. Moreover, the presence of key market players and their adoption of innovation and technology in the pharmaceutical field is another factor contributing to the market growth. On the other hand, the market in Asia-Pacific region is highly likely to observe a rising growth in the years to come, owing to the nerve centre of the world's two largest populated countries, India and China.
This report also provides the existing competitive scenario of some of the key players of the norepinephrine drug market which includes company profiling of Pfizer Inc. (NYSE: PFE), Sanofi (EPA: SAN), Mylan N.V. (NASDAQ: MYL), Cardinal Health (NYSE: CAH), Novartis AG (SWX: NOVN), SteriMax, Amneal Pharmaceuticals LLC (NYSE: AMRX), Hikma Pharmaceuticals PLC (LON: HIK), BEDFORD PHARMA, and Baxter Laboratories (NYSE: BAX).
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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the norepinephrine drug market that will help industry consultants, manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies accordingly to the ongoing and expected trends in the future.
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