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Coronary Artery Disease Market Forecast 2023-2032 - Size, Lucrative Segments And Leading Regions
Coronary Artery Disease Market
The Business Research Company's Coronary Artery Disease Global Market Report 2023 identifies rise in the prevalence of coronary artery disease as the major driver for the Coronary Artery Disease market's growth in the forecast period. Coronary artery disease (CAD) is a medical condition characterized by the narrowing or blockage of the coronary arteries, which supply blood to the heart muscle. Coronary artery disease cases are increasing due to increased changes in diet, stress, lack of exercise, obesity, age, and others.
The global coronary artery disease market size is expected to grow from $23.85 billion in 2022 to $26.30 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 size of coronary artery disease market is expected to reach $38.27 billion in 2027 at a CAGR of 9.8%.
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Major competitors in the Coronary Artery Disease market are Pfizer Inc.; Merck & Co. Inc.; AbbVie Inc.; Bayer AG; Novartis AG; Sanofi S.A.; Bristol-Myers Squibb Company; AstraZeneca plc; Abbott Laboratorie.
A key trend in the Coronary Artery Disease market includes technological advancements. Major companies operating in the coronary artery disease sector are focused on developing technologically advanced solutions to strengthen their position in the market. For instance, in June 2020, iVascular S.L.U., a Spain-based medical device company, launched the Essential Pro, a novel reliable drug-coated balloon with hydrophilic coating technology applied in the distal shaft to reduce friction during navigation. It has superior safety, fast deflation times, better usability, visibility, and trackability. It dilates stenosis, coronary artery, and bypass graft occlusions.
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The Coronary Artery Disease market is segmented -
• By Treatment: Medication, Surgery, Additional Therapy, Other Treatments
• By Diagnosis: Electrocardiogram, Echocardiogram, Stress Test, Cardiac Catheterization, Heart CT Scan, Other Diagnosis
• By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Other Channels
• By End-User: Hospitals, Specialty Clinics, 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 Coronary Artery Disease market.
The Business Research Company's "Global Coronary Artery Disease 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 Coronary Artery Disease Market Include:
1. Executive Summary
2. Coronary Artery Disease Market Characteristics
3. Coronary Artery Disease Market Trends And Strategies
4. Coronary Artery Disease Market - Macro Economic Scenario
5.Global Coronary Artery Disease Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……………………………………………………………………………..
32. Global Coronary Artery Disease Market Competitive Benchmarking
33. Global Coronary Artery Disease Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Coronary Artery Disease Market
35. Coronary Artery Disease Market Future Outlook and Potential Analysis
36. Appendix
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