The global Pulmonary Arterial Hypertension Treatment market size was valued at USD 8.3 billion in 2019. It is expected to register a CAGR of 6.6% over the forecast period. Rising prevalence of Pulmonary Arterial Hypertension (PAH), robust drug pipeline, changing lifestyle, and increasing geriatric population is expected to drive the market during the forecast period.
Supportive government initiatives for the development of orphan drugs (drugs for rare diseases) are projected to support the market for Pulmonary Arterial Hypertension Treatment. For instance, the Rare Disease Act 2002 and the Orphan Drug Act (ODA) 1983 in the U.S. offer incentives such as tax credits for the development of orphan drugs. The Orphan Drug Act enables tax credits up to 50.0% of total R&D cost, funding for R&D, protocol assistance, waiver in FDA fees, and clinical tax incentives. These incentives encouraged pharmaceutical companies to invest in the development of orphan drugs for treating PAH.
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Top Key Players Profiled in this report are:
United Therapeutic Corporation
Eli Lilly and Company
Teva Pharmaceuticals Inc
Pfizer Inc.Actelion Inc
Gilead Sciences, Inc
The research report assesses detailed historical data on production volume, capacity, demand, and supply chain logistics in the Pulmonary Arterial Hypertension Treatment market to assess the strong impact of the Covid-19 pandemic on the market. . It analyzes the evolution of trends and takes into account recent developments likely to affect the market scenario in the years to come.
Pulmonary Arterial Hypertension Treatment Market Segmentation:
Based on Type
Phosphodiesterase 5 (PDE 5) Inhibitors
Endothelin Receptor Antagonists (ERA)
Soluble Guanylate Cyclase (SGC) Stimulator
Based on Application
The report provides information about the market area, which is further subdivided into sub-regions and countries. In addition to market share in each country and subregion, this chapter of this report also provides information on profit opportunities. This chapter of the report mentions the share and market growth rate of each region, country, and sub-region in the estimated time period.
- North America (USA, Canada)
- Europe (Germany, France, UK, Italy, Russia, Spain, Netherlands, Switzerland, Belgium)
- Asia Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Vietnam)
- Middle East and Africa (Turkey, Saudi Arabia, UAE, South Africa, Israel, Egypt, Nigeria)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru).
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Some of the crucial questions answered in the professional intelligence study on Pulmonary Arterial Hypertension Treatment market include:
- Which key regions are likely to have the largest share of the Pulmonary Arterial Hypertension Treatment market?
- What are the potential obstacles for new players looking to enter the market?
- What changes has consumer buying behavior observed during the Covid-19 pandemic?
- Which end consumer industries are likely to drive the demand in the Pulmonary Arterial Hypertension Treatment market during the forecast period?
- Which countries are among the main consumers or manufacturers of the Pulmonary Arterial Hypertension Treatment market?
- What are the threats and opportunities for stakeholders and market players?
- Which regions offer lucrative investment opportunities for industry players in the Pulmonary Arterial Hypertension Treatment Market?
- What is the type of competition in the market?
- Which large established companies have the largest share of the Pulmonary Arterial Hypertension Treatment market?
- What strategies are these key players pursuing to maintain their dominant position in the Pulmonary Arterial Hypertension Treatment market?
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