Veletri market

Global Veletri Market Research Report 2024(Status and Outlook)

  • 23 October 2024
  • Life Sciences
  • 137 Pages
  • Report code : PMR-8010002

  • 4.7 (158)

Veletri Market

COMPANIES COVERED

Pfizer (US)
Sanofi S.A (France)
Bayer HealthCare Pharmaceuticals (Germany)
Actelion Pharmaceuticals (Switzerland)
Daiichi Sankyo (Japan)
Eli Lilly and Company (US)
Gilead Sciences (US)
GlaxoSmithKline Plc (UK)
Nippon Shinyaku (Japan)
Cipla Limited (India)
Arena Pharmaceuticals (US)
The Novartis Group (Switzerland)
United Therapeutics Corp (US)
YM BioSciences (Canada)
Novartis (Canada)
Teva Parenteral (US)
Reata Pharmaceuticals (US)
Merck (US)

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Veletri is the brand name for epoprostenol, a potent medication used to treat pulmonary arterial hypertension (PAH). PAH is a progressive condition characterized by high blood pressure in the arteries of the lungs, leading to increased strain on the heart. Epoprostenol, a prostacyclin analog, works by dilating the blood vessels in the lungs, reducing blood clotting, and improving blood flow. Veletri is administered as a continuous intravenous infusion and is often used in patients with advanced PAH when oral treatments prove insufficient.

Market Size

The global Veletri market was valued at US$ 312 million in 2024 and is projected to reach US$ 412 million by 2030, growing at a CAGR of 4.8% during the forecast period (2024-2030).

The United States Veletri market alone was valued at US$ 102 million in 2024, with an expected rise to US$ 130 million by 2030, registering a CAGR of 4.1%.

This steady growth is driven by increasing PAH prevalence, advancements in intravenous drug delivery methods, and rising healthcare expenditures worldwide.

Market Dynamics (Drivers, Restraints, Opportunities, and Challenges)

Drivers

  1. Rising Prevalence of Pulmonary Arterial Hypertension (PAH):

    • Increased cases of PAH, particularly in aging populations, are fueling the demand for effective treatments like Veletri.

  2. Advancements in Drug Delivery Systems:

    • Innovations in intravenous infusion pumps and catheter-based delivery methods are enhancing patient compliance and treatment efficacy.

  3. Growing Healthcare Expenditure:

    • Countries worldwide are increasing their healthcare budgets, leading to better accessibility and affordability of PAH treatments.

  4. Favorable Regulatory Support:

    • Government and regulatory bodies such as the FDA and EMA are streamlining drug approvals, ensuring faster market entry.

Restraints

  1. High Cost of Treatment:

    • The continuous infusion of Veletri requires expensive equipment and monitoring, making it less accessible in low-income regions.

  2. Availability of Alternative PAH Treatments:

    • Oral and inhalable PAH medications, including prostacyclin analogs and endothelin receptor antagonists, compete with Veletri’s market share.

Opportunities

  1. Expansion in Emerging Markets:

    • Rapid healthcare infrastructure development in Asia-Pacific and Latin America presents new growth avenues.

  2. Development of Biosimilars:

    • Companies investing in biosimilar versions of epoprostenol could drive market competition and affordability.

Challenges

  1. Complicated Administration Process:

    • Veletri requires continuous infusion, which demands careful patient monitoring, limiting its adoption compared to oral alternatives.

  2. Side Effects and Safety Concerns:

    • Potential adverse effects, including hypotension and bleeding risks, may hinder widespread use.

Regional Analysis

North America

  • Dominates the market due to the high prevalence of PAH, established healthcare infrastructure, and significant R&D investments.

  • The United States is the largest contributor, accounting for nearly one-third of the global Veletri market share.

Europe

  • Germany, France, and the UK lead the European Veletri market due to strong pharmaceutical industry presence and favorable reimbursement policies.

Asia-Pacific

  • China and Japan are witnessing growing demand, driven by increasing PAH awareness and healthcare sector advancements.

  • India and Southeast Asia present untapped potential, but affordability remains a challenge.

South America & Middle East & Africa (MEA)

  • Brazil and Argentina show moderate growth with improving healthcare access.

  • MEA region faces slow adoption due to economic constraints and limited availability of advanced therapies.

Competitor Analysis

Key players in the Veletri market include:

  • Pfizer (US)
  • Sanofi S.A (France)
  • Bayer HealthCare Pharmaceuticals (Germany)
  • Actelion Pharmaceuticals (Switzerland)
  • Daiichi Sankyo (Japan)
  • Gilead Sciences (US)
  • GlaxoSmithKline Plc (UK)
  • United Therapeutics Corp (US)
  • Novartis Group (Switzerland)
  • Cipla Limited (India)

Market Segmentation (by Application)

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy

Market Segmentation (by Type)

  • Oral Medication
  • Injection

Key Company

  • Pfizer (US)
  • Sanofi S.A (France)
  • Bayer HealthCare Pharmaceuticals (Germany)
  • Actelion Pharmaceuticals (Switzerland)
  • Daiichi Sankyo (Japan)
  • Eli Lilly and Company (US)
  • Gilead Sciences (US)
  • GlaxoSmithKline Plc (UK)
  • Nippon Shinyaku (Japan)
  • Cipla Limited (India)

Geographic Segmentation

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Colombia, Rest of South America)
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

FAQ Section

1 What is the current market size of the Global Veletri Market?

The global Veletri market was valued at US$ 312 million in 2024 and is projected to grow to US$ 412 million by 2030, at a CAGR of 4.8%.

2 Which are the key companies operating in the Veletri Market?

Major players include Pfizer, Sanofi S.A, Bayer HealthCare, Actelion Pharmaceuticals, Gilead Sciences, United Therapeutics Corp, and GlaxoSmithKline Plc.

3 What are the key growth drivers in the Veletri Market?

The key growth drivers include the rising prevalence of PAH, advancements in intravenous drug delivery, increased healthcare expenditure, and favorable regulatory approvals.

4 Which regions dominate the Veletri Market?

North America, particularly the US, dominates the market, followed by Europe and Asia-Pacific.

5 What are the emerging trends in the Veletri Market?

Trends include the development of biosimilars, increased investment in PAH research, and expansion into emerging markets.

Key Benefits of This Market Research:
  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Veletri Market
  • Overview of the regional outlook of the Veletri Market:
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