Asia-Pacific Prazosin Market is estimated to decline during the forecast period. However, some factors are positively influencing market growth to some extent. According to the European Society of Cardiology (ESC) in 2018, a report presented by a team of scientists suggested that one in five young adults in India has high blood pressure, which equals to nearly 80 million adults. The major risk factors for high blood pressure in the region include smoking, tobacco chewing, diabetes mellitus, and high cholesterol. Further, prazosin finds application in the treatment of various other conditions such as BPH, congestive heart failure, pheochromocytoma (adrenal gland tumor), sleep problems associated with PTSD; an anxiety disorder in people who experience or witness a traumatic, life-threatening event. However, due to the availability of alternatives the market for prazosin is projected to decline in the region.
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Asia-Pacific Asia-Pacific Prazosin Market is segmented on the basis of application. Based on the application, the market is segmented into cardiovascular disease, neurological syndromes, prostate disorders, and kidney disorders. The CVD segment accounted for a significant share in the Asia-Pacific Asia-Pacific Prazosin Market. CVDs claim to take more lives each year than all forms of cancer and chronic lower respiratory diseases altogether. Thus, Prazosin is one of the treatments used for CVD mainly high BP and strokes. For instance, Minipress is specified for the treatment of hypertension, to control BP. Lowering blood pressure decreases the risk of fatal and nonfatal cardiovascular events, mainly strokes and myocardial infarction.
The companies which are contributing to the growth of the Asia-Pacific Asia-Pacific Prazosin Market include Ajinomoto Co., Inc., Standard Chem and Pharmaceuticals Co. Ltd., Sun Pharmaceuticals Industries Ltd., Merck KGaA, Mylan N.V., Pfizer Inc., and others. The market players are considerably contributing to the market by adopting various strategies including new product launch, merger, and acquisition, collaborations to stay competitive in the market.
Asia-Pacific Prazosin Market- Segmentation
By Application
- Cardiovascular Disease(CVD)
- Neurological Syndromes
- Prostate Disorders
- Kidney Disorders
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Asia-Pacific Prazosin Market– Segment by Region
- China
- India
- Japan
- Rest of Asia-Pacific
