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Inotropic Agents Market 2023 : Industry Insights, Growing Trends And Outlook 2032 | Pfizer Inc., GSK PLC., Novartis AG, Mylan N.V., Boehringer Ingelheim International GmbH
Inotropic Agents Market Research
The Business Research Company's Inotropic Agents Global Market Report 2023 identifies surge in the prevalence of cardiovascular diseases as the major driver for the Inotropic Agents market's growth in the forecast period. Cardiovascular diseases (CVDs) refer to diseases of the vascular system and heart functioning. Inotropic agents are used in the treatment of cardiovascular diseases to improve the contractility and function of the heart, tackle cardiac shock, and slow the heart rate as they help the heart contract more powerfully, thereby increasing blood flow. So this helps boost the inotropic agent market.
The global inotropic agents market size is expected to grow from $2.10 billion in 2022 to $2.32 billion in 2023 at a compound annual growth rate (CAGR) of 10.88%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global inotropic agents market size is expected to reach $3.56 billion in 2027 at a CAGR of 11.24%.
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Major competitors in the Inotropic Agents market are Pfizer Inc., GSK PLC., Novartis AG, Mylan N.V., Boehringer Ingelheim International GmbH, AstraZeneca PLC., Johnson & Johnson, Bayer AG, Merck & Co. Inc., Bristol-Myers Squibb Company, Cipla Ltd., Eli Lilly And Company, Sanofi S.A., Baxter International Inc., Hikma Pharmaceuticals PLC., Sun Pharmaceuticals Industries Ltd. and Cadila Pharmaceuticals Ltd.
A key trend in the Inotropic Agents market includes drug approval. Major companies in the market are developing innovative new products and drugs to sustain their position in the market. For instance, in April 2022, Bristol-Myers Squibb., a US-based pharmaceutical developer and manufacturer, received regulatory approval for Camzyos™ (mavacamten) from the U.S. Food and Drug Administration (FDA), a US-based national public health agency and regulator. It is used in the treatment of class II-III obstructive hypertrophic cardiomyopathy (HCM) to improve functional capacity and symptoms. This medication works by inhibiting the excessive contraction of the heart muscle.
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The Inotropic Agents market is segmented -
By Type: Positive Inotropic Drugs, Negative Inotropic Drugs, Other Types
By Route Of Administration: Oral, Parenteral, Other Routes Of Administration
By Indication: Heart Attack, Heart Failure, Angina, Arrhythmia, Other Indications
By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Other Distribution Channels
By End User: Hospital, Homecare, Specialty Centers, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Inotropic Agents market.
The Business Research Company's "Global Inotropic Agents Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Inotropic Agents Market Include:
1. Executive Summary
2. Inotropic Agents Market Characteristics
3. Inotropic Agents Market Trends And Strategies
4. Inotropic Agents Market - Macro Economic Scenario
5. Inotropic Agents Market Size And Growth
……
26. Africa Inotropic Agents Market
27. Inotropic Agents Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Inotropic Agents Market
29. Inotropic Agents Market Future Outlook and Potential Analysis
30. Appendix
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