Polypill Products Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis and Forecast 2020-2027

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Healthcare

According to Vision Research Reports, the global polypill products market size surpassed at US$ 30 Bn in 2019 and is expected to grow at a CAGR of 2.2% from 2020 to 2027.

Global polypill products market size is projected to surpass US$ 36 billion by 2027, high incidence and prevalence of chronic diseases such as cardiovascular and diabetes mellitus boost the growth of the global polypill products market. Moreover, low cost of products is projected to drive the global polypill products market during the forecast period.

Some of the leading factors that are expected to contribute to market growth include a high prevalence of cardiovascular diseases worldwide, gradual adoption of new technologies, including 3D printing to develop polypill products, lower medication cost compared to multiple medications, and research & development activities. Companies operating in the current market landscape should focus on research and development to improve the efficacy of polypill products and simultaneously lower the development costs. The advent of the 3D printing technology could open up new avenues for players in the polypill products market in the coming years.

Polypill is a fixed dose drug combination used in the treatment of various chronic diseases. This combination pharmacotherapy offers the potential to decrease the incidence and prevalence of cardiovascular and other diseases. Polypill improves patient compliance, thereby increasing the adoption of these products. This is likely to boost the growth of the global polypill products market. Moreover, ease of dosage understanding for elderly patients and increase in usage of polypill products are the major advantages offered by polypill products over other formulations. Combination therapy is more effective than a single substance with an acceptable safety profile. North America dominated the global polypill products market in 2018 and the trend is anticipated to continue during the forecast period. Strategies adopted by key players such as product approval & launch and merger & acquisition, well-established health care infrastructure, and early adoption of advanced therapeutics boost the growth of the polypill products market in the region.

Asia Pacific is likely to be a highly lucrative market for polypill products. The market in the region is expected to expand at a high CAGR during the forecast period. Government initiatives in developing countries toward modernization of health care infrastructure, rise in awareness about advanced therapeutics, and increase in patients with chronic diseases are anticipated to fuel the growth of the polypill products market in Asia Pacific.

Advent of 3D Printed Drugs to Boost Polypill Products Market

Novel technologies such as 3D printing have played a key role in revolutionizing manufacturing processes in various industries, including automotive, aerospace, and dental. The narrative stands true within the healthcare sector wherein 3D printing is gradually making its mark. Most recently, 3D printing is increasingly being used to develop personalized drugs with improved reliability. The exceptional capability of 3D printing to develop medication with high degree of precision particularly in tune with the requirement of patients is expected to increase the adoption of 3D printing in the polypill products market. Several pharmaceutical companies are inclined toward adopting 3D printing medicines with different drug compounds such as polypills. The growing awareness regarding the benefits of 3D printed medicines is likely to influence the demand for 3D printed polypill products in the coming years.

While new technologies continue to make inroads in the healthcare sector, research and development activities will continue to accelerate the development of new polypill products. Several studies within the polypill products market aim toward the discovery of new polypill products and the potential benefits of the same. For instance, a recent study that is published in the New England Journal of Medicine reveals that polypill products have significant potential in lowering cholesterol and blood pressure among individuals suffering from cardiovascular problems.

Efforts to Improve Medication Adherence to Increase Demand for Polypill Products

High cholesterol and high blood pressure are some of the leading causes of cardiovascular deaths worldwide. Although there are treatments and medications available to address these conditions, they are left undertreated particularly in the underdeveloped and developing regions. The lack of adequate prescription and poor medication adherence are some of the leading factors as to why high cholesterol and high blood pressure are undertreated across the world. One of the potential methods to enhance medication adherence that is currently being investigated is the combination of one or more medications into a polypill.

Some of the major factors that are likely to boost the adoption of polypill products during the forecast period include lower dosage of different medications, which, in turn are projected to reduce the side effects. In addition, players operating in the current polypill products market are expected to advertise polypill products as an easy to remember medication and convenience as the USP to improve their sales. In addition, polypill products have also emerged as a cost-effective medication alternative and likely to replace therapies that require multiple medications.

Despite factors that are likely to increase the demand for polypill products in the coming years, the potential side-effects, overtreatment, undesirable interaction of different medication, and low dosing flexibility are some of the factors that could hinder the demand.

Surge in Number of Chronic Disease Patients to Drive Polypill Products Market

Sedentary lifestyle and unhealthy diet lead to chronic diseases. Diabetes mellitus and cardiovascular & infectious diseases are the leading causes of death globally. According to the European Society of Cardiology, 424.9 million people had diabetes across the world in 2017 and the number is expected to increase to 628.6 million by 2045. According to the World Health Organization, tuberculosis is among the top 10 causes of death globally. In 2018, an estimated 10 million people fell ill with tuberculosis across the globe. The application of polypill products in various chronic conditions has opened a promising avenue for the growth of the global polypill products market. Moreover, rise in availability of advanced treatment options and specialty care services boost the life expectancy rates across the world. This, in turn, increases the geriatric population. Surge in the geriatric population is anticipated to drive the global market.

Anti-infective to be Dominant Application of Polypill Products

In terms of application, the global polypill products market has been classified into cardiovascular, diabetes mellitus, anti-infective, and others. The anti-infective segment dominated the global polypill products market in 2018 and the trend is projected to continue during the forecast period. Increase in patients with HIV, tuberculosis, and other infectious diseases drives demand for new therapeutics. This in turn boosts the growth of the segment.

Hospital Pharmacies to be Major Distribution Channel

In terms of distribution channel, the global polypill products market has been divided into hospital pharmacies, retail pharmacies, and online pharmacies. The hospital pharmacies segment accounted for a major share of the market in 2018. The segment is anticipated to grow at a rapid pace during the forecast period. Growth of the segment is attributed to large base of hospitals and hospital pharmacies, rise in number of fixed dose combination approved drugs, and surge in the geriatric population.

North America to Lead Polypill Products Market

In terms of region, the global polypill products market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global polypill products market in 2018, followed by Europe. North America accounted for major share of the global polypill products market in 2018. Presence of key players, adoption of advanced therapeutics, and high disease prevalence are the factors driving the polypill products market in the region. The polypill products market in Asia Pacific is anticipated to grow at a rapid pace during the forecast period. Rise in prevalence of chronic diseases and increase in adoption of cost-effective treatments propel the market in the region.

Leading players operating in the global polypill products market are 

  • Pfizer, Inc.
  • AstraZeneca
  • Merck & Co., Inc. (Merck Sharp & Dohme Corp)
  • Janssen Pharmaceuticals, Inc. (Johnson & Johnson)
  • Dr. Reddy’s Laboratories Ltd.
  • Cipla, Inc.
  • Cadila Pharmaceuticals
  • Grupo Ferrer International,
  • S.A
  • Gebro Pharma GmbH
  • Gilead Sciences, Inc.
  • Takeda Pharmaceutical Company Limited

Market Segmentation

By Application

  • Cardiovascular
  • Diabetes Mellitus
  • Anti-infective
  • Others

By Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific          
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Report Scope

The Polypill products market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Polypill products market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Polypill products market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Polypill products market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Polypill products market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Polypill products capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Polypill products by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Polypill products market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Polypill products market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Polypill products market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Polypill products industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Polypill products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Polypill products market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Polypill products market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Polypill products market. These factors have benefited the growth of the global market for Polypill products. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Polypill products. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Polypill products are as follows:

  • History Year: 2016-2019
  • Base Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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