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Global Hypertrophic Cardiomyopathy (HCM) Therapeutics Market Size, Competitive Analysis, Share And Forecast To 2032
Hypertrophic Cardiomyopathy (HCM) Therapeutics Market
The Business Research Company's Hypertrophic Cardiomyopathy (HCM) Therapeutics Global Market Report 2023 identifies increasing incidence of cardiovascular diseases (CVD) as the major driver for the Hypertrophic Cardiomyopathy (HCM) Therapeutics market's growth in the forecast period. Cardiovascular disease (CVD) is a condition that affects the heart or blood vessels. Cardiovascular diseases include heart irregularities such as atrial fibrillation, ventricular fibrillation, and atrioventricular block that require long-term monitoring. The primary need for therapeutics treatment for hypertrophic cardiomyopathy aims to alleviate symptoms and avoid sudden cardiac death in high-risk patients.
The global hypertrophic cardiomyopathy (HCM) therapeutics market size is expected to grow from $1.26 billion in 2022 to $1.30 billion in 2023 at a compound annual growth rate (CAGR) of 3.5%. 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 hypertrophic cardiomyopathy (HCM) therapeutics market size is expected to reach $1.43 billion in 2027 at a CAGR of 2.4%.
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Major competitors in the Hypertrophic Cardiomyopathy (HCM) Therapeutics market are Merck & Co. Inc, Pfizer Inc, Sanofi S.A., Teva Pharmaceutical Industries Ltd, Novartis AG, Astra Zeneca Plc, Gilead Sciences Inc.
A key trend in the Hypertrophic Cardiomyopathy (HCM) Therapeutics market includes product innovations. Major companies operating in the cardiomyopathy therapeutics sector are focused on developing new innovative products to strengthen their position in the market. For instance, in April 2022, Bristol Myers Squibb, a US-based biopharmaceutical company, launched Camzyos (mavacamten), an oral small-molecule cardiac myosin inhibitor for the treatment of hypertrophic cardiomyopathy (HCM) and diseases of heart diastolic dysfunction. Camzyos (mavacamten) was approved by the US Food and Drug Administration (FDA) for the treatment of adults with symptomatic class II-III obstructive hypertrophic cardiomyopathy (obstructive HCM) to improve functional capacity and symptoms.
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The Hypertrophic Cardiomyopathy (HCM) Therapeutics market is segmented -
• By Drug Type: Antiarrhythmic Agents, Anticoagulants, Beta Adrenergic Blocking Agents, Calcium Channel Blockers, Other Drug Types
• By Device Type: Defibrillators, Pacemakers, Other Device Types
• By End User: Hospitals, Clinics
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Hypertrophic Cardiomyopathy (HCM) Therapeutics market.
The Business Research Company's "Global Hypertrophic Cardiomyopathy (HCM) Therapeutics 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 Hypertrophic Cardiomyopathy (HCM) Therapeutics Market Include:
1. Executive Summary
2. Hypertrophic Cardiomyopathy (HCM) Therapeutics Market Characteristics
3. Hypertrophic Cardiomyopathy (HCM) Therapeutics Market Trends And Strategies
4. Hypertrophic Cardiomyopathy (HCM) Therapeutics Market - Macro Economic Scenario
5. Hypertrophic Cardiomyopathy (HCM) Therapeutics Market Size And Growth
……………………………………….
26. Africa Hypertrophic Cardiomyopathy (HCM) Therapeutics Market
27. Hypertrophic Cardiomyopathy (HCM) Therapeutics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hypertrophic Cardiomyopathy (HCM) Therapeutics Market
29. Hypertrophic Cardiomyopathy (HCM) Therapeutics Market Future Outlook and Potential Analysis
30. Appendix
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