Global losartan market was valued at USD4.73
billion in 2020 and is expected to grow at a formidable rate of 7.81% during
the forecast period. The global losartan market is driven by the growing
prevalence of hypertension, stroke and diabetic nephropathy across the world. Losartan
is a medication that is used to treat high blood pressure. Furthermore,
losartan is widely used in slowing down long-term kidney damage due to type II
diabetes which is further expected to propel the market growth through 2026. The
sudden outbreak and spread of the COVID-19 pandemic has resulted in the loss of
jobs for many people due to which the level of anxiety and hypertension has
increased among the people. This has, in turn, increased the demand for losartan,
thereby fueling the market growth during the forecast period. Many major
biotechnology and pharmaceutical companies are working on manufacturing
in-house losartan tablets which are expected to create lucrative opportunities
for the market growth over the next few years.
The global losartan market is segmented
based on source, form, strength, distribution channel, application, end-user, company
and region. Based on source, the market can be split
into contract manufacturing organizations and in-house. Among these, the in-house
segment is expected to witness the fastest growth due to increased preference
for in-house manufacturing by key market players as the company can have full
control over the quality and the
quantity of the products. Based on form, the market can
be fragmented into tablets and powder. Here, the tablet segment is dominating
the market with a market share of nearly 87% and is expected to maintain its
position in the forecast years as well. Based on
distribution channel, the market can be segmented into online and offline. The
offline channel is expected to dominate the market due to surging consumer preference
for purchasing medicines from a pharmacy or drug store. The online segment is
also expected to register significant growth over the next few years.
Regionally, the global losartan market has been segmented into Asia-Pacific,
North America, South America, Europe, and Middle East & Africa. Among these
regions, North America is expected to dominate in the overall losartan market owing
to the well-established healthcare infrastructure and presence of major
pharmaceutical and biotechnology giants in the region. However, Asia-Pacific is
expected to witness robust growth in the market owing to the presence of a large
pool of patients suffering from various life-threatening conditions in
economies such as China and India.
Major players operating in the global losartan
market include Merck & Co. Inc., Pfizer Inc., Teva Pharmaceutical
Industries Ltd., Sanofi S.A., Novartis International AG, Dr. Reddy’s Laboratories
Ltd., Sun Pharmaceuticals Industries Ltd., Aurobindo Pharma Ltd., Torrent
Pharmaceutical Ltd., Lupin Ltd., Mylan N.V., Ipca Laboratories Limited, Macleods
Pharmaceuticals Limited, Abbott Laboratories, Cadila Healthcare Limited, and others.
The companies are developing advanced technologies and launching new products
in order to stay competitive in the market. Other competitive strategies
include mergers & acquisitions.
Years
considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
- To analyze the historical growth in the market
size of the global losartan market from 2016 to 2020.
- To estimate and forecast the market size of the
global losartan market from 2021 to 2026 and growth rate until 2026.
- To classify and forecast the global losartan market
based on source, form, strength, distribution channel, application, end-user,
company and regional distribution.
- To identify dominant region or segment in the
global losartan market.
- To identify drivers and challenges for global losartan
market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in
global losartan market.
- To identify and analyze the profile of leading
players operating in global losartan market.
- To identify key sustainable strategies adopted
by market players in global losartan market.
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TechSci Research performed both primary
as well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of manufacturers across the globe. Subsequently,
TechSci Research conducted primary research surveys with the identified
companies. While interviewing, the respondents were also enquired about their
competitors. Through this technique, TechSci Research could include the manufacturers
which could not be identified due to the limitations of secondary research.
TechSci Research analyzed the manufacturers, distribution channels and presence
of all major players across the globe.
TechSci Research calculated the market size of global Losartan
market using a
bottom-up approach, wherein data for various end-user segments was recorded and
forecast for the future years. TechSci Research sourced these values from the
industry experts and company representatives and externally validated through
analyzing historical data of these product types and applications for getting
an appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Losartan manufacturers, suppliers,
distributors and other stakeholders
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
losartan kit
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers, partners, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
Report Scope:
In this report, global losartan market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Global Losartan Market, By Source:
- Contract Manufacturing Organizations
- In-House
- Global Losartan Market, By Form:
- Global Losartan Market, By Strength:
- 25 mg
- 50 mg
- 100 mg
- Others
- Global Losartan Market, By Distribution Channel:
- Global Losartan Market, By Application:
- Hypertension
- Stroke
- Diabetic nephropathy
- Others
- Global Losartan Market, By End-User:
- Global
Losartan Market, By Region:
- North
America
- United
States
- Canada
- Mexico
- Europe
- Germany
- France
- United
Kingdom
- Italy
- Spain
- Russia
- Poland
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Hong Kong
- Philippines
- Malaysia
- Indonesia
- Vietnam
- Thailand
- South
America
- Brazil
- Argentina
- Colombia
- Chile
- Middle
East & Africa
- South
Africa
- Saudi
Arabia
- UAE
- Turkey
- Nigeria
- Kenya
- Algeria
- Ethiopia
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in the global losartan market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
Detailed analysis and
profiling of additional market players (up to five).
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com