Anti-Hypertensive Drugs - Greece

  • Greece
  • The revenue in the Anti-Hypertensive Drugs market in Greece is expected to reach US$27.80m in 2024.
  • It is projected to demonstrate an annual growth rate (CAGR 2024-2029) of -0.83%, leading to a market volume of US$26.66m by 2029.
  • When compared globally, United States is anticipated to generate the highest revenue, amounting to US$12,290.00m in 2024.
  • Greece's anti-hypertensive drug market is witnessing a surge in demand due to the increasing prevalence of hypertension among its aging population.

Key regions: Japan, India, Italy, Brazil, South Korea

 
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Analyst Opinion

The Anti-Hypertensive Drugs market in Greece has been experiencing steady growth in recent years.

Customer preferences:
As in many countries, the aging population in Greece has contributed to an increased demand for Anti-Hypertensive Drugs. Additionally, there has been a growing awareness of the importance of managing hypertension, which has led to an increase in the number of patients seeking treatment.

Trends in the market:
One trend in the Anti-Hypertensive Drugs market in Greece is the shift towards more personalized treatment options. With advances in medical technology and the availability of more data, healthcare providers are able to tailor treatment plans to individual patients. This trend is expected to continue in the coming years.Another trend in the market is the increasing use of combination therapies. As healthcare providers seek to improve patient outcomes and reduce the risk of side effects, they are turning to combination therapies that target multiple aspects of hypertension.

Local special circumstances:
Greece has a universal healthcare system, which means that Anti-Hypertensive Drugs are widely available to patients. However, the country has been facing economic challenges in recent years, which has put pressure on the healthcare system. This has led to some shortages of certain drugs and a delay in the introduction of new treatments.

Underlying macroeconomic factors:
The economic challenges in Greece have had a significant impact on the healthcare system and the Anti-Hypertensive Drugs market. The government has had to implement austerity measures, which has led to budget cuts in healthcare spending. This has made it more difficult for healthcare providers to invest in new treatments and technologies.Despite these challenges, the Anti-Hypertensive Drugs market in Greece is expected to continue growing in the coming years. As the population ages and awareness of hypertension increases, there will be a growing demand for these drugs. Additionally, as healthcare providers seek to improve patient outcomes and reduce the risk of side effects, they will continue to explore new treatment options and combination therapies.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on drug revenues allocated to the country where the money is spent. Monetary values are given at manufacturer price level excluding VAT.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market. As a basis for evaluating markets, we use financial information of the key players by market. Next, we use relevant key market indicators and data from country-specific associations, such as industry associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. The main driver is healthcare expenditure. Expiring patents and new drugs in the pipeline are also considered.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. This market comprises prescription drugs and all OTC drugs covered in the Statista OTC Pharmaceuticals market. However, in the OTC Pharmaceuticals market, revenues are based on end-consumer prices.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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