The global medical nitroglycerin sprays market is expected to experience significant growth over the next decade, according to a recent study by Future Market Insights (FMI). The report forecasts a Compound Annual Growth Rate (CAGR) of 3.9% between 2023 and 2033, with the market size projected to reach USD 110.9 million in 2023 and further expand to USD 163.5 million by 2033.
Medical nitroglycerin sprays, which are part of the nitrate group of medications, are widely used to alleviate chest pain (angina) in individuals suffering from coronary artery disorders. The sprays contain nitroglycerin, a potent vasodilator, applied just before activities that may trigger angina, preventing the occurrence of attacks.
Key factors driving the market’s growth include the increasing prevalence of coronary artery disorders and growing awareness of the importance of managing angina symptoms. Additionally, advancements in healthcare infrastructure and the introduction of innovative formulations are expected to contribute to market expansion during the forecast period.
FMI’s report offers in-depth analysis and valuable insights for key stakeholders, including manufacturers, healthcare professionals, and investors, providing them with the tools to make informed decisions and capitalize on emerging opportunities in the medical nitroglycerin sprays market.
With rising healthcare demand and ongoing medical innovations, the market is positioned to meet the growing need for effective angina management solutions in the coming decade.
Key Takeaways Global Medical Nitroglycerin Sprays Industry:
- The medical nitroglycerin sprays market is expected to surpass USD 163.5 million by 2033.
- The nitroglycerin spray is considered economical and easily accessible thus expected to drive the
- The medical nitroglycerin sprays market is likely to record a CAGR of 9% through 2033.
- The medical nitroglycerin sprays market is anticipated to reach a valuation of USD 110.9 million in 2023.
- The medical nitroglycerin sprays market reached a valuation of USD 106.3 million in 2022
- The medical nitroglycerin sprays market recorded a CAGR of 8% from 2018 to 2022.
- Nitroglycerin sprays may cause migraine among people, hence it may restrain the market to some extent.
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Competitive Background:
The key players operating in the medical nitroglycerin sprays market are investing in mergers and acquisitions in order to gain a significant market share. The manufacturers are also investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the medical nitroglycerin sprays market. As a result, market participants are likely to have a better overall revenue share in the global medical nitroglycerin sprays industry.
Development in the Market:
- G-Pohl-Boskamp GmbH & Co. is a successful independent pharmaceutical manufacturer in Germany. Its product portfolio comprises a variety of treatments for several chronic illnesses. The Nitrolingual Pumpspray, which comes in 60 and 200 metered sprays per container, is made by the corporation.
Significant Market Players:
- Perrigo Company Plc.
- Evus Health Solutions LLC.
- G. Pohl-Boskamp GmbH & Co.
- Akrimax Pharmaceuticals LLC
- Glenmark Pharmaceuticals Ltd
- Dalmia Bros. Pvt. Ltd.
- Troikaa
- ESPERO BIOPHARMA, INC
- Square Pharmaceuticals Ltd
- Sun Pharmaceutical Industries Ltd.
Key Segments of Global Medical Nitroglycerin Sprays Industry Survey:
Global Medical Nitroglycerin Sprays Industry by Application:
- Prophylaxis of Angina Pectoris
- Acute Relief of Attack (Treatment)
Global Medical Nitroglycerin Sprays Industry by Dose Capacity:
- 60 Metered Sprays/Bottles
- 90 Metered Sprays/Bottles
- 200 Metered Sprays/Bottles
- 230 Metered Sprays/Bottles
Global Medical Nitroglycerin Sprays Industry by Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Global Medical Nitroglycerin Sprays Industry by Region:
- North America Medical Nitroglycerin Sprays Market
- Latin America Medical Nitroglycerin Sprays Market
- Europe Medical Nitroglycerin Sprays Market
- East Asia Medical Nitroglycerin Sprays Market
- South Asia & Pacific Medical Nitroglycerin Sprays Market
- The Middle East & Africa (MEA) Medical Nitroglycerin Sprays Market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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