Medical Nitroglycerin Sprays Market Outlook (2023 to 2033)

As Per The Latest Market research conducted by FMI, the global medical nitroglycerin sprays market is expected to record a CAGR of 3.9% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of USD 110.9 million. By 2033, the valuation is expected to reach USD 163.5 million.

Those with coronary artery disease who experience angina attacks (chest discomfort) can be treated with nitroglycerin lingual spray, which is primarily driving the growth of the nitroglycerin lingual spray market.

To stop angina attacks from occurring, the nitroglycerin lingual spray may also be used just before potential triggers. The category of medications known as vasodilators includes nitroglycerin.

A spray of nitroglycerin is available for application on or under the tongue. Typically, the spray is applied as needed, either 5 to 10 minutes before activities that may cause angina episodes or at the first sign of an attack.

Crucial Growth Factors of the Medical Nitroglycerin Sprays Market:

Economical and No Side Effects:

The spray of nitroglycerin is considered economical and easily accessible. Also, compared to other drugs, it has superior therapeutic effects. It has fewer side effects than traditional medications. In the upcoming years, these reasons are expected to propel the market for nitroglycerin spray.

Available in Different Variations:

Several dose forms of medical nitroglycerin are available in the market, including sublingual tablets, nitroglycerin oral sprays, in-vitro patches, ointments, nitroglycerin mouth sprays, and patches. Owing to this the nitroglycerin oral sprays market as well as the nitroglycerin mouth sprays market is expected to expand.

For instance, nitroglycerin sprays come in a variety of bottle sizes, with contents ranging from 60 doses to 240 doses. Throughout the forecast period, the availability of nitroglycerin spray in a variety of dosage forms and capacities is anticipated to drive the global market.

According to the World Health Organization, the population of adults who are 60 years and above is expected to increase from 900 million in 2015 to 2 billion by 2050. The risk of coronary vascular disease is often very high in the elderly population. Thus, it is projected that growth in the elderly population is likely to propel the nitroglycerin spray market.

Attributes Value
Medical Nitroglycerin Sprays Value (2022) USD 106.3 million
Medical Nitroglycerin Sprays Market Expected Value (2023) USD 110.9 million
Medical Nitroglycerin Sprays Market Forecast Value (2033) USD 163.5 million
Medical Nitroglycerin Sprays Market Expected CAGR (2023 to 2033) 3.9%

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Key Trends of the Medical Nitroglycerin Sprays Market

  • The medicinal nitroglycerin sprays market is anticipated to be dominated by North America. The market for nitroglycerin spray in the region is primarily driven by the rising prevalence of cardiac artery disease in North America and the presence of significant players.
  • Myocardial ischemia, which results from an imbalance between the blood flow and oxygen demand in the heart, is what causes angina pectoris. It is a typical symptom among those with coronary artery disease (CAD).
  • As of 2019, there were more than 7 million patients over the age of 18 with prevalent diagnoses. Due to the rising prevalence of sedentary lifestyles, which are seriously affecting the health of urban residents, this trend is only predicted to continue over the next several years. Due to this, the market for medical nitroglycerin sprays is anticipated to grow throughout the forecast period.

Crucial Restraining Factors for the Medical Nitroglycerin Sprays Market

According to reports, nitroglycerin-treated patients with microvascular angina do not even appear to have made any noticeable advancements. This is because nitroglycerin formulations seem to have a strong resistance to tiny blood arteries. They can drop blood pressure, which may cause difficulties.

Prolonged migraines are a significant cause for concern for migraine sufferers who take more nitroglycerin. For the coming ten years, both of the aforementioned issues are anticipated to stifle growth prospects.

Sabyasachi Ghosh
Sabyasachi Ghosh

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Medical Nitroglycerin Spray Demand Analysis (2018 to 2022) Vs Market Outlook (2023 to 2033)

The medical nitroglycerin sprays market recorded a CAGR of 3.8% from 2018 to 2022. The market reached a valuation of USD 106.3 million in 2022. On the other hand, as per the latest market research conducted by FMI, the global medical nitroglycerin sprays market is expected to record a CAGR of 3.9% from 2023 to 2033.

In 2023, the market size is projected to reach a valuation of USD 110.9 million. By 2033, the valuation is expected to be worth USD 163.5 million. Nitroglycerin spray is used to treat angina or chest pain in people with cardiovascular disease.

To avoid angina attacks, it is sometimes administered just before activities that could set them off. A vasodilator is a class of medication that includes nitroglycerin. It works by relaxing the blood vessels, which limits the work the heart must do and consequently reduces the need for oxygen.

What Risks and Opportunities are anticipated to Impact the Increase in Sales of Medical Nitroglycerin Sprays?

Sales of Medical Nitroglycerin Sprays are Likely to be Driven by an Increase in the Prevalence of Angina Pectoris

  • Myocardial ischemia, which results from an imbalance between myocardial blood flow and oxygen consumption, causes angina pectoris. It is a common sign in people with coronary artery disease (CAD).
  • The growth in coronary artery disease instances is due to the rising prevalence of sedentary lifestyles, which is leading to significant medical issues among people. As a result, the market for medical nitroglycerin sprays is probably anticipated to expand throughout the forecast period.

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Medical Nitroglycerin Sprays are both Affordable and of High Quality

  • Compared to sublingual pills, nitroglycerin sprays are more affordable and provide better therapeutic results. The industry for medical nitroglycerin sprays is expanding as nitroglycerin formulations become more affordable.
  • According to a study conducted by the University of Wisconsin Hospitals and Clinics Authority, nitroglycerin sprays can also help people live longer. For instance, sublingual tablets lose their potency after six months, whereas nitroglycerin sprays have a two-year shelf life.

Demand for Medical Nitroglycerin Sprays is Likely to be Driven by Low Side Effects and Multiple Dosage Options

There are numerous dosage forms for medical nitroglycerin, including sublingual pills, in-vitro, sprays, patch therapy, and balms. Also, there are numerous bottle sizes for nitroglycerin sprays, ranging from 60 to 230 dosages.

Moreover, they are less harmful than conventional medicines in terms of side effects. The aforementioned traits are projected to offer considerable opportunities for market expansion during the forecast period.

Country-wise Analysis

What is the Outlook for Medical Nitroglycerin Spray Suppliers in the United States?

The Demand for Medical Nitroglycerin Sprays is Likely to be Driven by the Rising Prevalence of Coronary Heart Disease in the United States

For the past ten years, the pharmaceutical business in the United States has experienced rapid growth. Companies like Perrigo Company plc, Evus Health Solutions, and Arimax Pharmaceuticals are well-established in the United States.

  • For instance, an Indian company, Dr. Reddy's Laboratories (DRL), which manufactures Nitrostat (nitroglycerin) sublingual tablets, introduced nitroglycerin sublingual tablets in the United States.

An increase in the prevalence of coronary heart disease, which produces acute angina pectoris and calls for the incorporation of efficient treatment techniques, is chiefly responsible for its rise in the country.

How is Demand for Medical Nitroglycerin Sprays Evolving in Saudi Arabia?

Growth in Sales of Medical Nitroglycerin Spray is Likely to be Driven by Growing Healthcare Facilities & Increasing Incidence of Cardiovascular Diseases in Saudi Arabia

Due to an increase in the prevalence of non-communicable diseases and improved healthcare facilities, Saudi Arabia's demand for pharmaceutical products is rising. MNCs own a substantial share of the medicine market in Saudi Arabia, which is expected to be dominated by MNCs in the coming future.

In the upcoming years, it is anticipated that rising cardiovascular disorder incidence, rising healthcare spending, and rising health consciousness are all expected to contribute to the market expansion for medical nitroglycerin sprays.

Growth Outlook of Country-wise Insights:

Country United States
CAGR (2018 to 2022) 4.1%
CAGR (2023 to 2033) 4.1%
Valuation (2033) USD 63.1 million
Country United Kingdom
CAGR (2018 to 2022) 3.4%
CAGR (2023 to 2033) 3.9%
Valuation (2033) USD 7 million
Country China
CAGR (2018 to 2022) 4.1%
CAGR (2023 to 2033) 4.0%
Valuation (2033) USD 11.1 million
Country Germany
CAGR (2018 to 2022) 4.2%
CAGR (2023 to 2033) 4.3%
Valuation (2033) USD 11.5 million
Country Canada
CAGR (2018 to 2022) 2.7%
CAGR (2023 to 2033) 4.4%
Valuation (2033) USD 10.6 million

Category-wise Analysis

Which Application of Medical Nitroglycerin Sprays is More Lucrative?

High Usage of Medicinal Nitroglycerin Sprays for Angina Pectoris Prophylaxis

Medicinal nitroglycerin sprays are anticipated to be used frequently for the prevention of angina pectoris. Prophylaxis of the Angina Pectoris segment is expected to record a CAGR of 3.9% over the forecast period.

On the other hand, the acute alleviation of attack (therapy) category recorded a CAGR of 12.9% in 2022. Rising prevalence of acute angina pectoris and the resulting trauma that patients experience are expected to drive this market to new heights in the future.

Competitive Background

The primary objectives of significant market players are to expand their product lines and strengthen their portfolios. To increase their customer base, these businesses are concentrating on introducing generic products with low prices and safety features.

  • 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.

Medical Nitroglycerin Sprays Industry Report Scope

Attribute Details
Forecast Period 2023 to 2033
Historical Data Available for 2018 to 2022
Market Analysis USD million for Value, Units for Volume
Key Regions Covered North America; Latin America; Europe; East Asia; South Asia & Pacific; The Middle East & Africa (MEA)
Key Countries Covered United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, India, Indonesia, Malaysia, Singapore, Australia, New Zealand, Türkiye, South Africa, GCC Countries
Key Market Segments Covered Application, Dose Capacity, Distribution Channel, Region
Key Companies Profiled 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.
Pricing Available upon Request

Key Segments of Medical Nitroglycerin Sprays Industry Survey

By Application:

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

By Dose Capacity:

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

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

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

Frequently Asked Questions

What is the growth rate of the market until 2033?

By 2033, the market will expand at a 3.9% CAGR.

What is the 2023 market value?

The 2023 market value is USD 110.9 million.

What was the historical CAGR of the market?

From 2018 to 2022, the market expanded at a 3.8% CAGR.

What is the market value for 2033?

By 2033, the market will reach USD 163.5 million.

Who are some prominent market players?

Troikaa, Perrigo Company Plc., and Dalmia Bros. Pvt. Ltd. are some key players.

Table of Content
  • 1. Executive Summary | Medical Nitroglycerin Sprays Market
  • 2. Market Overview
  • 3. Market Background
  • 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
  • 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
    • 5.1. Prophylaxis of Angina Pectoris
    • 5.2. Acute Relief of Attack
  • 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Dose Capacity
    • 6.1. 60 Metered Sprays/Bottles
    • 6.2. 90 Metered Sprays/Bottles
    • 6.3. 200 Metered Sprays/Bottles
    • 6.4. 230 Metered Sprays/Bottles
  • 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel
    • 7.1. Hospital Pharmacies
    • 7.2. Retail Pharmacies
    • 7.3. Online Pharmacies
  • 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
    • 8.1. North America
    • 8.2. Latin America
    • 8.3. Europe
    • 8.4. South Asia
    • 8.5. East Asia
    • 8.6. Oceania
    • 8.7. MEA
  • 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 16. Key Countries Market Analysis
  • 17. Market Structure Analysis
  • 18. Competition Analysis
    • 18.1. Perrigo Company Plc.
    • 18.2. Evus Health Solutions LLC.
    • 18.3. G. Pohl-Boskamp GmbH & Co.
    • 18.4. Akrimax Pharmaceuticals LLC
    • 18.5. Glenmark Pharmaceuticals Ltd
    • 18.6. Dalmia Bros. Pvt. Ltd.
    • 18.7. Troikaa
    • 18.8. ESPERO BIOPHARMA, INC
    • 18.9. Square Pharmaceuticals Ltd
    • 18.10. Sun Pharmaceutical Industries Ltd.
  • 19. Assumptions & Acronyms Used
  • 20. Research Methodology
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