Wilmington, Delaware, United States, March 08, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. – The global Diuretic Drugs Market size was valued at US$ 98.8 Mn in 2022 and is estimated to reach US$ 157.2 Mn by 2031. The market is likely to expand at a CAGR of 5.5% between 2023 and 2031. The rise in chronic illnesses, such as stroke, heart disease, hypertension, diabetes, and cancer, is expected to raise the market value of diuretic drugs. Additionally, increasing demand for diuretic drugs among athletes is also expected to fuel the expansion of the global diuretic drugs market.
Business opportunities in the global market are expected to grow as people with different chronic conditions become more aware about the advantages of these drugs. Dynamics of the global industry is also influenced by growing geriatric populace, the adoption of unhealthy lifestyles, and rise in obesity rate across the globe. Use of diuretic drugs is increasing, which is expected to open up attractive growth opportunities for market participants. Companies are releasing new drugs into the global market in order to treat a number of chronic disorders.
Diuretics are prescription drugs that boost output of urine. They are often referred to as water pills or fluid pills. Extra water and salt are expelled from the body through urine. This also lessens symptoms such as ankle edema while lowering blood pressure. Those who are at risk for low potassium levels, especially those who consume other medications that deplete potassium, could be given potassium-sparing diuretics.
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Key Findings of Market Report
- Based on drug class, the thiazide diuretics segment represented a significant market share in 2022. Thiazide diuretics are efficient enough to meet a broad spectrum of medical needs of a diuretic. Steadily increasing demand for thiazide diuretics is therefore expected to fuel the segment.
- Based on route of administration, the oral segment represented a significant portion of the global market in 2022 and is anticipated to retain its market share from 2023 to 2031. Current market trends of the diuretic drugs industry indicate that oral administration is a widely utilized approach. Compared to parenteral administration, oral administration is more preferable as it is simple to use and offers a consistent rate of medicine absorption. This method of drug administration which is most frequently prescribed, is likely to drive market demand in the near future.
- Based on indication, the global diuretic drugs market was dominated by the hypertension segment and is anticipated to lead the market in the near future. Diuretics are frequently administered as one of the first lines of treatment for hypertension in addition to other antihypertensive drugs.
- The retail pharmacy sector held the highest market share in 2022, based on distribution channel. The segment is anticipated to dominate the market between 2023 and 2031. Increasing availability of prescription oral drugs at retail pharmacies is a major driver for industry growth.
Global Diuretic Drugs Market: Regional Landscape
- North America accounted for a sizable share of the global industry in 2022. The region is expected to continue to dominate from 2023 to 2031. In North America, the size of the diuretic drugs industry is anticipated to grow as chronic illnesses become more prevalent.
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Global Diuretic Drugs Market: Growth Drivers
- Some athletes utilize diuretics to lose weight rapidly, particularly in sports such as wrestling, boxing, and bodybuilding that stress on the importance of weight classes or physical appearance. Diuretics are drugs that boost urine production in the body, which causes the body to lose water weight quickly. By lowering water retention and bloating, diuretics can help athletes reach a specific weight class or improve the tone of their muscles. Athletes are using it more often, which is likely to drive business opportunities in the global industry.
- Diuretics are extensively prescribed to treat chronic conditions, such as renal illnesses, liver cirrhosis, and heart failure. They are also used to treat chronic disorders in a bid to manage their symptoms and side effects, such as high blood pressure, edema, and fluid retention. Rise in prevalence of chronic diseases is estimated to fuel the global diuretic drugs market development.
Global Diuretic Drugs Market: Key Players
- Fresenius Kabi AG
- Novartis Pharmaceuticals Corporation
- Teva Pharmaceutical Industries Ltd.
- Bristol-Myers Squibb Company
- Hikma Pharmaceuticals PLC
- F. Hoffmann-La Roche Ltd
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Global Diuretic Drugs Market: Segmentation
Drug Class
- Carbonic Anhydrase Inhibitors
- Loop Diuretics
- Miscellaneous Diuretics
- Potassium-sparing Diuretics
- Thiazide Diuretics
Route of Administration
- Oral
- Parenteral
Indication
- Hypertension
- Edema
- Heart Failure
- Kidney Stone
- Others
Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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