Chronic Heart Failure Market to Reach US$ 18.5 Billion by 2034 | IMARC Group

How big is the chronic heart failure market?

The chronic heart failure market size reached a value of US$ 6.6 Billion in 2023 and expected to reach US$ 18.5 Billion by 2034, exhibiting a growth rate (CAGR) of 9.78% during 2024-2034.

The report offers a comprehensive analysis of the chronic heart failure market in the United States, EU5 (including Germany, Spain, Italy, France, and the United Kingdom), and Japan. It covers aspects such as treatment methods, drugs available in the market, drugs in development, the proportion of various therapies, and the market's performance in the seven major regions. Additionally, the report evaluates the performance of leading companies and their pharmaceutical products. Current and projected patient numbers across these key markets are also detailed in the report. This study is essential for manufacturers, investors, business planners, researchers, consultants, and anyone interested or involved in the chronic heart failure market.

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Chronic heart failure (CHF) refers to a growing health concern, affecting millions of people and placing a substantial burden on healthcare systems. The CHF market is experiencing significant growth, primarily driven by several key factors that are shaping its trajectory. One of the primary market drivers for chronic heart failure is the aging population. As people age, the risk of developing heart-related issues, including CHF, increases. With a larger elderly population, the demand for chronic heart failure treatments and therapies is rising steadily. This demographic shift is expected to continue, ensuring a sustained market for CHF management and treatment. The prevalence of chronic heart failure is rising due to lifestyle changes like poor dietary habits, sedentary lifestyles, and an increase in risk factors like diabetes and obesity. This trend amplifies the demand for CHF medications, devices, and therapies.

Pharmaceutical companies are investing in research and development to address the growing patient population. The development of innovative medical technologies is another key driver in the chronic heart failure market. Advanced diagnostic tools, such as biomarker tests and imaging techniques, enable an earlier and more accurate diagnosis of chronic heart failure. Additionally, implantable devices like pacemakers and left ventricular assist devices (LVADs) are becoming more effective in managing CHF, improving patients' quality of life and prognosis. The pharmaceutical industry is actively engaged in drug development. Novel therapies, including angiotensin receptor-neprilysin inhibitors (ARNIs) and sodium-glucose cotransporter-2 (SGLT2) inhibitors, have shown promising results in clinical trials. The growing acceptance of remote healthcare services is contributing to the expansion of the chronic heart failure market. Government healthcare policies and initiatives to improve cardiac care also propel the CHF market. Increased funding for research, public health campaigns promoting heart health, and reimbursement policies that favor chronic heart failure treatments all support the growth of the chronic heart failure market.

Countries Covered:

• United States
• Germany
• France
• United Kingdom
• Italy
• Spain
• Japan

Analysis Covered Across Each Country:

• Historical, current, and future epidemiology scenario
• Historical, current, and future performance of the chronic heart failure market
• Historical, current, and future performance of various therapeutic categories in the market
• Sales of various drugs across the chronic heart failure market
• Reimbursement scenario in the market
• In-market and pipeline drugs

This report also provides a detailed analysis of the current chronic heart failure marketed drugs and late-stage pipeline drugs.

In-Market Drugs:

• Drug Overview
• Mechanism of Action
• Regulatory Status
• Clinical Trial Results
• Drug Uptake and Market Performance

Late-Stage Pipeline Drugs:

• Drug overview
• Mechanism of action
• Regulatory status
• Clinical trial results
• Drug uptake and market performance

Competitive Landscape With Key Players:

The competitive landscape of the chronic heart failure market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of the Key Players:

Bayer HealthCare Pharmaceuticals/Merck & Co
Novartis
Servier
AstraZeneca
Boehringer Ingelheim/Eli Lilly and Company

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This release was published on openPR.