Press release
Cardiovascular Drugs Market 2023 Global Analysis by Drug Class, Indication, Distribution Channel, Region, and Top Companies are Amgen Inc, Baxter, Bayer AG, Johnson & Johnson
Cardiovascular drugs are medications that are used to treat various conditions related to the heart and blood vessels. They are prescribed to manage heart diseases and other cardiovascular disorders. Cardiovascular medicines are often used in combination to treat different aspects of a cardiovascular disease. There are various types of cardiovascular drugs such as antihypertensives that are used to lower blood pressure, anticoagulants that are used to prevent blood clots, antihyperlipidemic that are used to lower cholesterol and triglyceride levels, antiarrhythmics that are used to regulate abnormal heart rhythms. Most cardiovascular drugs are prescribed to treat hypertension and dyslipidaemia which are majorly responsible for the formation of atherosclerotic plaque within blood vessels restricting blood flow to the body parts resulting in multiple cardiac indications such as stroke, heart failure, cardiomyopathy, peripheral artery disease, and venous thrombosis.The Cardiovascular Drugs market size was estimated at USD 168.36 billion in 2023 and is projected to reach USD 221.85 billion in 2030 at a CAGR of 4.02% during the forecast period 2023-2030.
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The cardiovascular drugs market can be segmented based on drug class into anti-hyperlipidaemic, anti-hypertensives, anti-coagulants, anti-arrhythmic and others. Based on indication the market can be bifurcated into hypertension, hyperlipidaemia, coronary artery disease, arrhythmia and others. Based on distribution channel, the market can be segmented into hospital, pharmacies and others. Lastly, based on region the market is bifurcated into North America, Europe, Asia-Pacific, Middle East and Africa and South America. Rising prevalence of cardiovascular diseases (CVDs) globally, growing research and development and investment in efficient drug development and increasing availability of reimbursement policies are the factors that are contributing to the growth of the market during the forecast period. Moreover, the increasing number of admissions in hospitals, as well as critical care units owing to cardiovascular diseases (CVDs) has created demand for the development of cardiovascular drugs for treatment.
The prominent players in the Cardiovascular Drugs market are
Amgen Inc
Baxter
Bayer AG
Boehringer Ingelheim International GmbH
F. Hoffmann-La Roche Ltd
Gilead Sciences Inc
Johnson & Johnson
Lupin
Merck & Co., Inc. (MSD)
Novartis AG
Pfizer Inc.
Sanofi S A
Bristol-Myers Squibb Company
AstraZeneca
Janssen Pharmaceuticals, Inc.
Daiichi Sankyo
Portola Pharmaceuticals
United Therapeutics Corp.
Recent Developments
In May 2022, Amgen revealed positive data from the Phase 2 OCEAN(a)-DOSE clinical study, evaluating olpasiran (formerly AMG 890) in 281 adult patients with Lipoprotein(a), or Lp(a), levels over 150 nmol/L and evidence of atherosclerotic cardiovascular disease (ASCVD). Olpasiran is a small interfering RNA designed to lower the body's production of apolipoprotein(a), a key component of Lp(a) that has been associated with an increased risk of cardiovascular events.
In February 2022, the Food and Drug Administration (FDA) expanded its approval of empagliflozin (Jardiance) for use in adults with heart failure (HF), regardless of ejection fraction, to reduce the risk of cardiovascular death and HF hospitalization. The medication was approved in August 2021 to reduce the risk of cardiovascular death and HF hospitalization in adults with HF with reduced ejection fraction (HFrEF).
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Some of the key benefits of Cardiovascular Drugs Market research report include:
Informed Decision Making: Cardiovascular Drugs Market report provide valuable insights into market trends, consumer preferences, competitive landscape, and other relevant factors, helping businesses make informed decisions about product development, marketing strategies, and investment opportunities.
Understanding Customer Needs: Through market research report, businesses can gain a deeper understanding of their target audience's needs, preferences, and behaviors. This knowledge can guide the development of products and services that better meet customer demands.
Identifying Market Opportunities: Cardiovascular Drugs Market report help identify new and emerging market opportunities. By analyzing market trends and gaps, businesses can create innovative offerings that capitalize on unmet needs.
Competitive Analysis: Cardiovascular Drugs Market report provide detailed information about competitors, their strengths, weaknesses, and strategies. This enables businesses to develop effective competitive strategies and differentiate themselves in the Cardiovascular Drugs Market.
Risk Mitigation: Making decisions based on accurate and up-to-date market research reduces the risk of failed product launches or investments. By understanding market dynamics, businesses can anticipate challenges and proactively address potential issues.
Optimizing Marketing Strategies: Cardiovascular Drugs Market report offer insights into the most effective marketing channels, messaging, and positioning for reaching target audiences. This ensures that marketing efforts are tailored to resonate with customers.
Resource Allocation: Efficient allocation of resources is possible when backed by market research. Businesses can prioritize investments in areas that are likely to yield the highest returns based on market demand and trends.
Product Development and Innovation: Cardiovascular Drugs Market research helps guide product development by highlighting areas of improvement or innovation based on customer feedback and market gaps.
Tracking Performance: Cardiovascular Drugs Market report provide a benchmark for evaluating the success of business strategies over time. By comparing current performance with historical data and industry benchmarks, businesses can adjust their strategies as needed.
Investment Decisions: Investors can use market research reports to assess the potential of different industries and companies before making investment decisions. Cardiovascular Drugs Market report provide insights into market trends, growth potential, and competitive dynamics.
Regulatory Compliance: Cardiovascular Drugs Market report can also help businesses stay informed about changing regulations and compliance requirements within their industry, ensuring they remain in accordance with relevant laws.
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Scope of the Report:
The Cardiovascular Drugs Market is segmented into various segments such as drug class, indication, distribution channel and region:
Based on Drug Class, the Cardiovascular Drugs Market is segmented into:
Anti-hyperlipidaemic
Anti-hypertensives
Anti-coagulants
Anti-arrhythmic
Based on the Indication, the Cardiovascular Drugs Market is segmented into:
Hypertension
Hyperlipidaemia
Coronary Artery Disease
Arrhythmia
Based on the Distribution Channel, the Cardiovascular Drugs Market is segmented into:
Hospital
Pharmacies
Based on Region, the Cardiovascular Drugs Market is segmented into:
Asia Pacific
Japan
China
India
Australia
South Korea
Vietnam
New Zealand
Philippines
Thailand
Malaysia
Hong Kong
Taiwan
Singapore
Indonesia
Sri Lanka
Rest of Asia-Pacific
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Spain
Sweden
Austria
Finland
Belgium
Turkey
Russia
Poland
Hungary
Czech Republic
Switzerland
Netherlands
Rest of Europe
South America
Brazil
Argentina
Chile
Colombia
Rest of South America
Middle East & Africa
South Africa
U.A.E.
Saudi Arabia
Oman
Qatar
Iran
Egypt
Rest of Middle East and Africa
Reasons to Acquire
Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
Gain authentic and granular data access for the Cardiovascular Drugs Market to understand the trends and the factors involved in changing market situations.
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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