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Critical Care Antiarrhythmic Drugs Market Size, Share, Trend Analysis, Segmentation And Forecast To 2033
Critical Care Antiarrhythmic Drugs Market Size
As per the report, the critical care antiarrhythmic drugs market size has grown strongly in recent years. It will grow from $0.95 billion in 2023 to $1.01 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The critical care antiarrhythmic drugs market size is expected to see strong growth in the next few years. It will grow to $1.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
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Growing Demand For Critical Care Antiarrhythmic Drugs Amid Rising Cardiovascular Disease Prevalence
The increasing prevalence of cardiovascular disease is expected to propel the growth of the critical care antiarrhythmic drugs market going forward. Cardiovascular disease refers to conditions affecting the heart or blood vessels, leading to complications such as heart attacks or strokes. There is an increasing prevalence of cardiovascular disease due to several factors, such as sedentary lifestyles, poor dietary habits, smoking, and rising rates of obesity and hypertension. Critical care antiarrhythmic drugs are essential in managing life-threatening cardiac arrhythmias, restoring normal heart rhythm, and preventing cardiac arrest in patients with cardiovascular disease. For instance, in 2023, according to the World Heart Federation, a Switzerland-based non-governmental organization, the burden of cardiovascular disease, as measured by the number of CVD deaths, is projected to rise from an estimated 18.9 million in 2020 to over 22.2 million in 2030 and 32.3 million in 2050. Therefore, the increasing prevalence of cardiovascular disease is driving the growth of the critical care antiarrhythmic drugs market.
Advanced Therapeutic Equivalents Drive Innovation In The Critical Care Antiarrhythmic Drugs Market
Major companies operating in the critical care antiarrhythmic drugs market are developing advanced products, such as the therapeutic equivalent version of Mexitil, to gain a competitive edge in the market. Mexitil is an antiarrhythmic medication that stabilizes the heart's electrical activity by blocking sodium channels in cardiac tissues, helping to regulate irregular heart rhythms like ventricular arrhythmias. For instance, in January 2022, Senores Pharmaceuticals Inc., a US-based pharmaceutical company, introduced Mexiletine Hydrochloride Capsules USP in strengths of 150 mg, 200 mg, and 250 mg to the U.S. market. These capsules serve as a therapeutic alternative to MEXITIL (Mexiletine Hydrochloride) and are prescribed for managing confirmed ventricular arrhythmias, including sustained ventricular tachycardia, which pose life-threatening risks.
The critical care antiarrhythmic drugs market covered in this report is segmented -
1) By Type: Beta Blockers, Calcium Channel Blockers, Sodium Channel Blockers, Potassium Channel Blockers, Other Types
2) By Disease Type: Ventricular Arrhythmias, Supraventricular Arrhythmias, Other Diseases
3) By Application: Hospitals, Clinics, Ambulatory Centers, Other Applications
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Major companies operating in the critical care antiarrhythmic drugs market are Pfizer Inc., F. Hoffmann-La Roche Ltd., Bayer AG, Sanofi S.A., Bristol Myers Squibb, Novartis AG, Viatris Inc., Teva Pharmaceutical Industries Ltd., Baxter International Inc., Fresenius Kabi AG, Sun Pharmaceutical Industries Ltd., Aurobindo Pharma Limited, Dr. Reddy's Laboratories Ltd., Hikma Pharmaceuticals Plc, Amneal Pharmaceuticals Inc., Lupin Pharmaceutical Limited, Biocon Limited, Glenmark Pharmaceuticals Limited, Torrent Pharmaceuticals Ltd., Alembic Pharmaceuticals Ltd., Upsher-Smith Laboratories LLC., Mayne Pharma International Pty Ltd., Zydus Cadila Healthcare Limited, Amomed Pharma GmbH
Contents of the report:
1. Executive Summary
2. Critical Care Antiarrhythmic Drugs Market Report Structure
3. Critical Care Antiarrhythmic Drugs Market Trends And Strategies
4. Critical Care Antiarrhythmic Drugs Market - Macro Economic Scenario
5. Critical Care Antiarrhythmic Drugs Market Size And Growth
…..
27. Critical Care Antiarrhythmic Drugs Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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