Press release
Cardiovascular Disease Drug Market to Surge 5.02% Annually Through 2029, Reaching $230.24 Million
Go beyond mere market data with Cardiovascular Disease Drug Market. This report translates insights into actionable strategies, equipping you with the knowledge to capitalize on emerging opportunities and overcome potential challenges. Our expert analysis provides a roadmap for success, allowing you to optimize your market positioning and achieve your business goals.
Overview of Cardiovascular Disease Drug Market
Data Bridge Market Research analyses a growth rate in the global cardiovascular disease drug market in the forecast period 2022-2029. The expected CAGR of global cardiovascular disease drug market is tend to be around 5.02% in the mentioned forecast period. The market was valued at USD 155.6 million in 2021, and it would grow upto USD 230.24 million by 2029.
The disorders or conditions affecting the structures and function of the heart and blood vessels are known as cardiovascular diseases. Cardiovascular disease is recognized as one of the major top cause of global death. It is generally a prolonged condition and affects mainly the elderly population. Cardiovascular drugs cannot be discontinued easily by a patient as it requires a proper judgment of the patient's cardiac health that may prove to be fatal in the long run.
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Dynamics Growth Drivers and Scope of Cardiovascular Disease Drug Market
Growth Drivers:
According to the WHO, around 60% - 85% of the population have adopted a sedentary life. According to CDC, approximately 31 million adults aged over 50 years live a sedentary life, and only 1 out of 4 U.S. adults meet the appropriate need of physical activity. This boost the market growth. The persistent product approvals are expected to drive the market growth. For instance, in May 2022, Zydus Lifesciences Limited's subsidiary, received tentative approval from the U.S. FDA to market Selexipag tablets that is used to treat pulmonary arterial hypertension (PAH) in adults. In addition, in February 2022, the FDA approved the Norliqva (amlodipine) oral solution to treat hypertension in adults and children 6 years or older, to lower blood pressure and coronary artery disease.
Scope:
The global cardiovascular disease drug market is segmented on the basis of diseases, treatment, route of administration, distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Regional Analysis/Insights of Cardiovascular Disease Drug Market:
North America has been witnessing a positive growth for global cardiovascular disease drug market throughout the forecasted period due to the global leaders in research and development activities, high incidence of heart diseases and presence of refined medical facilities. Asia-Pacific dominates the market due to the developing healthcare facilities, large number of generic manufacturer and rise in government initiatives and specialist communities.
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The major companies which are dealing in the Cardiovascular Disease Drug Market:
F. Hoffmann-La Roche Ltd (Switzerland), Fresenius Kabi AG (Germany), Bayer AG (Germany), Sun Pharmaceutical Industries Ltd (India), Novartis AG (Switzerland), Mylan N.V. (U.S.), Teva Pharmaceutical Industries Ltd (Israel), Zydus Group (India), Pfizer Inc (U.S.), Lupin (India), GSK Plc (U.K.), Glenmark Pharmaceuticals Inc (India), Capricor Therapeutics (U.S.), Zensun (China)
Key Market Perspectives:
Thorough examination of prevailing market tendencies
Updates on the latest product advancements and innovations
Cardiovascular Disease Drug Market Compound Annual Growth Rate (CAGR) for both historic and forecasted years
Strategies and activities of prominent players and brands in the field
Insights into the industry landscape for emerging participants
Segmentation of Cardiovascular Disease Drug Market:
By Diseases (Hypertension, Dyslipidemia, Inflammatory Heart Disease, Ischemic Heart Disease, Others), Treatment (Antiplatelet, Agents, Beta-Blockers, Angiotensin-Converting Enzyme Inhibitors, Others), Route of Administration (Oral, Parenteral, Others), End-Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy)
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