Global Medical Nitroglycerin Sprays Market Expected to Grow USD 163.5 Million by 2033

According to a recent study by Future Market Insights (FMI), the global medical nitroglycerin sprays market is poised for significant growth in the coming decade. The report projects a Compound Annual Growth Rate (CAGR) of 3.9% between 2023 and 2033. In 2023, the market size for medical nitroglycerin sprays is estimated to reach USD 110.9 million, with further growth anticipated in the subsequent years. By 2033, FMI predicts the market to expand substantially, reaching a valuation of USD 163.5 million.

Medical nitroglycerin sprays belong to the group of medications known as nitrates, primarily used to alleviate symptoms of chest pain (angina) in individuals with coronary artery disorders. These sprays contain nitroglycerin, a vasodilator, which is applied just before engaging in activities that may trigger angina attacks, effectively preventing their occurrence.

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The increasing prevalence of coronary artery disorders, coupled with the rising awareness regarding the management of angina symptoms, is expected to drive the demand for medical nitroglycerin sprays during the forecast period. Additionally, advancements in healthcare infrastructure and the introduction of novel formulations are likely to further fuel market growth.

FMI’s comprehensive analysis provides valuable insights for stakeholders, including manufacturers, healthcare professionals, and investors, enabling them to make informed decisions and capitalize on emerging opportunities in the global medical nitroglycerin sprays market.

Key Takeaways Global Medical Nitroglycerin Sprays Industry:

• The medical nitroglycerin sprays market is expected to surpass USD 163.5 million by 2033.
• The nitroglycerin spray is considered economical and easily accessible thus expected to drive the
• The medical nitroglycerin sprays market is likely to record a CAGR of 9% through 2033.
• The medical nitroglycerin sprays market is anticipated to reach a valuation of USD 110.9 million in 2023.
• The medical nitroglycerin sprays market reached a valuation of USD 106.3 million in 2022
• The medical nitroglycerin sprays market recorded a CAGR of 8% from 2018 to 2022.
• Nitroglycerin sprays may cause migraine among people, hence it may restrain the market to some extent.

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Competitive Background:

The key players operating in the medical nitroglycerin sprays market are investing in mergers and acquisitions in order to gain a significant market share. The manufacturers are also investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the medical nitroglycerin sprays market. As a result, market participants are likely to have a better overall revenue share in the global medical nitroglycerin sprays industry.

Development in the Market:

• G-Pohl-Boskamp GmbH & Co. is a successful independent pharmaceutical manufacturer in Germany. Its product portfolio comprises a variety of treatments for several chronic illnesses. The Nitrolingual Pumpspray, which comes in 60 and 200 metered sprays per container, is made by the corporation.

Significant Market Players:

• Perrigo Company Plc.
• Evus Health Solutions LLC.
• G. Pohl-Boskamp GmbH & Co.
• Akrimax Pharmaceuticals LLC
• Glenmark Pharmaceuticals Ltd
• Dalmia Bros. Pvt. Ltd.
• Troikaa
• ESPERO BIOPHARMA, INC
• Square Pharmaceuticals Ltd
• Sun Pharmaceutical Industries Ltd.

Key Segments of Global Medical Nitroglycerin Sprays Industry Survey:

Global Medical Nitroglycerin Sprays Industry by Application:

• Prophylaxis of Angina Pectoris
• Acute Relief of Attack (Treatment)

Global Medical Nitroglycerin Sprays Industry by Dose Capacity:

• 60 Metered Sprays/Bottles
• 90 Metered Sprays/Bottles
• 200 Metered Sprays/Bottles
• 230 Metered Sprays/Bottles

Global Medical Nitroglycerin Sprays Industry by Distribution Channel:

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

Global Medical Nitroglycerin Sprays Industry by Region:

• North America Medical Nitroglycerin Sprays Market
• Latin America Medical Nitroglycerin Sprays Market
• Europe Medical Nitroglycerin Sprays Market
• East Asia Medical Nitroglycerin Sprays Market
• South Asia & Pacific Medical Nitroglycerin Sprays Market
• The Middle East & Africa (MEA) Medical Nitroglycerin Sprays Market

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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