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Valsartan brand name and generic name...
Valsartan recall 2024
DIOVAN Drug Patent Profile
Introduction
Diovan, known generically as Valsartan, is a widely used medication for treating high blood pressure, heart failure, and diabetic kidney disease. This article delves into the current market dynamics and financial trajectory of Valsartan, highlighting key factors influencing its market performance.
Global Market Size and Growth
The global Valsartan market is projected to grow at a significant rate.
As of 2023, the market was valued at approximately $589 million and is forecasted to reach $866.2 million by 2030, with a Compound Annual Growth Rate (CAGR) of 6.4% during the period 2024-2030[4].
Market Drivers
Rising Demand
The demand for Valsartan has been on the rise due to its efficacy in treating cardiovascular conditions.
The persistent demand in the healthcare and pharmaceutical sectors, particularly for cardiovascular, dermatology, anti-infectives, and anti-diabetic medications, has driven up the sales of Valsartan[1].
Supply Constraints
Supply chain disruptions and dwindling product supplies across various markets have contribute