Press release
Cardiovascular Drugs Market | World Industry Analysis, Size, Share, Growth, Trends Forecasts 2023
The Business Research Company
The global cardiovascular drugs market is expected to decline from $92.5 billion in 2019 to $85.4 billion in 2020 at a compound annual growth rate (CAGR) of -7.8%. The decline is mainly because of the lockdown measures due to the COVID-19 outbreak. The market is then expected to recover and grow at a CAGR of 3% from 2021 and reach $106.1 billion in 2023.
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The cardiovascular drugs market consists of sales of cardiovascular drugs and related services by entities (organizations, sole traders and partnerships) that produce cardiovascular drugs to treat cardiovascular diseases. This industry includes establishments that produce anti-hypertensive drugs to prevent heart failure by controlling blood pressure and hypolipidemic drugs that reduce lipid and lipoprotein levels in the blood.
NOACs are gaining wider acceptance and are replacing traditionally used anti-coagulants such as Warfarin and Heparin. Anti-coagulants have long been used in prevention of thrombus formation in patients suffering with cardiovascular diseases. Use of NOACs makes it easier for patients to continue therapy post discharge as opposed to injections of Heparin and Warfarin which need medical assistance for administration xxviii. Some of the NOACs include Pradaxa (dabigatran etexilate) from Boehringer Ingelheim, Xarelto (rivaroxaban) from Janssen, and Eliquis (apixaban) from Bristol-Myers Squibb.
Cardiovascular Drugs Market Segmentation: -
By Type
1. Anti-Hypertensive Drugs
2. Hypolipidemics
3. Anti Thrombotics
By Distribution Channel
1. Hospital Pharmacies
2. Retail Pharmacies/ Drug Stores
3. Others
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Cardiovascular Drugs Market Characteristics
4. Cardiovascular Drugs Market Product Analysis
5. Cardiovascular Drugs Market Supply Chain
......
19. Cardiovascular Drugs Market Competitive Landscape
20. Key Mergers And Acquisitions In The Cardiovascular Drugs Market
21. Market Background: Pharmaceutical Drugs Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer
The report covers the trends and market dynamics of the cardiovascular drugs market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the cardiovascular drugs market are Merck & Co; Sanofi S.A; Pfizer Inc; Bristol-Myers Squibb Company; Novartis AG.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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