Noradrenergic Drug Market Size & Share, by Application (Hyperactivity Depressant, Control Aggression, High Blood Pressure), Distribution Channel (Hospital Pharmacy, Drug Stores, Online Pharmacies) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 3817
  • Published Date: Jul 24, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Noradrenergic Drug Market size was valued at USD 16.55 Billion in 2023 and is expected to reach USD 23.7 Billion by the end of 2036, expanding at around 2.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of noradrenergic drug is assessed at USD 16.97 Billion.  The growth of the market can be attributed to the growing prevalence of mental disorders across the globe. Norepinephrine drugs are used to treat the symptoms of different mental health issues. These drugs control the body's levels of neurotransmitters and increase alertness and concentration. According to estimates, more than 7% of Indians suffer from some mental disorder.

 In addition to these, factors that are believed to fuel the market growth of noradrenergic drugs include the rising lifestyle disorders. For instance, high-stress conditions can lead to several disorders such as anxiety, depression, blood pressure, and cardiovascular diseases. Noradrenaline drugs can be utilized to treat anxiety and depression. Further, mood and attentiveness are all impacted by norepinephrine. Additionally, the growing prevalence of Attention-deficit/hyperactivity disorder (ADHD) is predicted to present the potential for market expansion over the projected period.


Noradrenergic Drug Market demand
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Noradrenergic Drug Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Prevalence of Autism – On account of the growing awareness and screening of autism spectrum disorder, the market is expected to expand more in the upcoming years. According to the World Health Organization (WHO), one in 100 children globally suffers from autism.

  • Rising Geriatric Population – Elderly population is more prone to dementia and the rising number of elderly populations across the globe is estimated to drive market growth. In 2020, there were more people over the age of 60 than children under five, and by 2050, it is predicted that 80% of the world's old people will live in low- and middle-income countries.

  • Surging Incidences of Hypertension – According to the most recent data, more than 40% with uncontrolled hypertension have a blood pressure of 140/90 mmHg or higher.

  • Increasing Diseases such as Obesity and Diabetes – It is expected that patients with obesity or diabetes are likely to be more susceptible to heart disease, diabetes, and high blood pressure, which is anticipated to drive the market growth. It was discovered that over 30 million Americans, suffered from diabetes in 2019.

Challenges

  • Lack of Awareness regarding Mental Health - The increasing concern amongst individuals for the lack of knowledge about mental health is one of the major factors predicted to slow down the market growth. For instance, people may not recognize the symptoms as indicators of mental disease, therefore, they are less likely to seek professional care.
  • Exorbitant Initial Expenditure
  • Side Effects of Noradrenergic Drugs

Noradrenergic Drug Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

2.8%

Base Year Market Size (2023)

USD 16.55 Billion

Forecast Year Market Size (2036)

USD 23.7 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

 

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Noradrenergic Drug Segmentation

Application (Hyperactivity Depressant, Control Aggression, High Blood Pressure)

The global noradrenergic drug market is segmented and analyzed for demand and supply by application into hyperactivity depressants, control aggression, high blood pressure, and others. Out of the four applications, the hyperactivity depressant segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the increasing prevalence of attention deficit/hyperactivity disorder (ADHD) among all age groups. For instance, ADHD can cause hyperactivity and difficulties in concentrating. For the treatment of anxiety, depression, and occasionally attention deficit hyperactivity disorder symptoms, norepinephrine reuptake inhibitors (NRIs) are frequently given. Further, by raising norepinephrine levels in the brain, NRIs are used to treat ADHD and regulate hyperactivity. According to a survey, more than 11% of primary school students in India have ADHD.

Distribution Channel (Hospital Pharmacy, Drug Stores, Online Pharmacies)

The global noradrenergic drug market is also segmented and analyzed for demand and supply by distribution channel into hospital pharmacies, drug stores, online pharmacies, and others. Amongst these four segments, the hospital pharmacies segment is expected to garner a significant share. It is simpler and more practical for patients with diabetes, high blood pressure, and other mental problems to buy the necessary medications right there on the hospital grounds rather than having to travel to another facility for their care. Further, the increasing attention paid to patient care programs to help children with autism, such as the Autism Center Partial Hospital Program and Autism Inpatient Care, in turn, is anticipated to create numerous opportunities for the growth of the segment in the coming years.

Our in-depth analysis of the global market includes the following segments:

         By Application

  • Hyperactivity Depressant
  • Control Aggression
  • High Blood Pressure
  • Others

        By Distribution Channel

  • Hospital Pharmacy
  • Drug Stores
  • Online Pharmacies
  • Others

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Noradrenergic Drug Industry - Regional Synopsis

APAC Market Statistics

The Asian Pacific noradrenergic drug market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2036. The growth of the market can be attributed majorly to the increasing popularity of antidepressants among the adult population in the region. For instance, an increasing number of adults across Asia are affected with diagnosable mental illnesses, owing to stressful life events, such as money issues, the death of a loved one, or a divorce. These days, antidepressants are one of the drugs that are most frequently prescribed, especially to elderly people. Noradrenergic drugs are used largely as antidepressants. They are utilized as a treatment for several ailments, such as ADHD, depression, and low blood pressure. Further, among people with major depressive illness, antidepressants are more effective. In addition, rising depressive disorders in the region, are also anticipated to boost the market growth during the forecast period. Over 2% of the adult population in Singapore, and more than 10% in Vietnam & Thailand suffer from a diagnosable mental disorder at any given time.

North American Market Forecast

The North American noradrenergic drug market, amongst the market in all the other regions, is projected to grow with the highest CAGR during the forecast period. The growth of the market can be attributed majorly to the rising numbers of people with autism spectrum disorders (ASD). For instance, an increase in ASD cases, particularly in the population of children, and the introduction and quick acceptance of several ASD medications in the region, are also anticipated to contribute to the market growth in the region. Moreover, given that noradrenergic drugs are used to treat autism, the demand for them in the region is anticipated to rise. In 2018, more than 2% of American children, were diagnosed with an autism spectrum disorder.

Europe Market Forecast

Further, the market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2036. The growth of the market can be attributed majorly to the growing awareness of mental disorders. For instance, anxiety disorder is the most prevalent mental illness among EU nations. The social and financial repercussions of mental health issues are becoming more widely recognized in the region. Further, the European Mental Health Action Plan puts a strong emphasis on seven interconnected goals and suggests practical solutions to improve mental health and well-being. In addition, the region's expanding healthcare industry is also anticipated to boost market growth during the forecast period.

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Noradrenergic Drug Market growth
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Companies Dominating the Noradrenergic Drug Landscape

    • Baxter International, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Eli Lilly and Company
    • Novartis AG
    • Bayer AG
    • Sanofi-aventis Groupe
    • Abbott Laboratories
    • Johnson & Johnson Services, Inc.
    • Merck & Co., Inc.
    • Siemens Healthcare GmbH
    • Pfizer Inc.

In the News

  • Baxter International, Inc. introduced premix Norepinephrine Bitartrate in 5% Dextrose Injection, which can be can be kept in automated dispensing cabinets at the point-of-care and has a shelf life of up to 21 months in the refrigerator or up to 90 days at room temperature in overwrap. Further, it is used to treat individuals with acute or emergent hypotension

  • Sanofi-aventis Groupe acquired Provention Bio, Inc., to add TZIELD, the first disease-modifying therapy for the postponement of Stage 3 type 1 diabetes, to the portfolio. Further, the drug TZIELD (teplizumab-mzwv) can be used to postpone the onset of Stage 3 type 1 diabetes (T1D) in adults and children with Stage 2 T1D who are at least 8 years old.

 

 

Author Credits:  Radhika Pawar


  • Report ID: 3817
  • Published Date: Jul 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of noradrenergic drug is assessed at USD 16.97 Billion.

The noradrenergic drug market size was valued at USD 16.55 Billion in 2023 and is expected to reach USD 23.7 Billion by the end of 2036, expanding at around 2.8% CAGR during the forecast period i.e., between 2024-2036. Growing prevalence of autism, and surging incidences of hypertension are the major factors driving the market growth.

Asia Pacific is likely to dominate majority industry share by 2036, attributed to increasing popularity of antidepressants among the adult population in the region.

Baxter International, Inc., Eli Lilly and Company, Novartis AG, Bayer AG, Sanofi-aventis Groupe, Abbott Laboratories, Johnson & Johnson Services, Inc., Merck & Co., Inc., Siemens Healthcare GmbH, Pfizer Inc.
Noradrenergic Drug Market Report Scope
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