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Coronary Artery Disease Market: Value, Growth Rate, Drivers and Trends Unveiled
Coronary Artery Disease Market
What Is The Projected Market Size Of The Global Coronary Artery Disease Market And Its Growth Rate?
The Coronary Artery Disease Market has seen strong growth and development in recent years and is predicted to continue growing in the future:
• The Coronary Artery Disease market is projected to grow from $29.15 billion in 2024 to $31.97 billion in 2025, displaying a CAGR of 9.7%.
• The growth trend will continue, hitting a projected $48.48 billion in 2029 with a CAGR of 11.0%.
• Key growth drivers include prevalence of coronary artery disease, growth in minimally invasive surgeries, increase in sedentary lifestyles, aging population, and evolution of pharmacological treatments.
What Is Driving The Growth In The Coronary Artery Disease Market?
Coronary Artery Disease incidence is on the rise, significantly driving market growth. This condition results from coronary arteries narrowing or blockage, which leads to reduced blood supply to the heart muscle. Factors such as altered diet, stress, little exercise, obesity, and aging are among the root causes of the disease. Treatments range from drugs like clopidogrel, ticagrelor, warfarin, heparin to surgeries including coronary artery bypass grafting, angioplasty, and stenting. For instance, by May 2024, coronary heart disease was revealed to be the leading heart disease, as reported by the US Centre of Disease Control and Prevention. It caused 371,506 deaths in 2022, inducing the prevalence of coronary artery disease with 5% of adults aged 20 and older found (1 in 20) to have the disease. The need to manage and control coronary artery disease drives the market growth.
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Who Are the Key Players Driving Coronary Artery Disease Market Growth?
Some of the major players operating in the Coronary Artery Disease Market include:
• Pfizer Inc.
• Merck & Co. Inc.
• AbbVie Inc.
• Bayer AG
• Novartis AG
• Sanofi S.A.
• Bristol-Myers Squibb Company
• AstraZeneca plc
• Abbott Laboratories
• GlaxoSmithKline plc
• Gilead Sciences Inc.
• Amgen Inc.
• Viatris Inc.
• Teva Pharmaceutical Industries Ltd.
• Aurobindo Pharma Ltd.
• Hikma Pharmaceuticals plc
• Amneal Pharmaceuticals Inc.
• Chiesi Farmaceutici S.p.A.
• Lupin Pharmaceuticals Inc.
• Wockhardt Ltd.
• Honya Medical Inc.
• Idorsia Pharmaceuticals Ltd.
• Cytokinetics Inc.
• Kowa Pharmaceuticals America Inc.
• Sinotau Pharmaceutical Group
• HRV Global Life Sciences
• Barr Pharmaceuticals Inc.
• AdvanceCor GmbH
• Deutsches Zentrum für Herz- Kreislauf-Forschung (DZHK) e.V.
What Are The Key Trends In The Coronary Artery Disease Market?
Key trends in the forecast period include:
• Development of gene therapies
• Integration of artificial intelligence in diagnosis
• Focus on mental health in CAD care
• Rise in home-based healthcare services
• Adoption of remote cardiac rehabilitation.
What Are The Segments Of The Global Coronary Artery Disease Market?
The Global Coronary Artery Disease Market is segmented into:
1) Treatment: Medication, Surgery, Additional Therapy, Other Treatments
2) Diagnosis: Electrocardiogram, Echocardiogram, Stress Test, Cardiac Catheterization, Heart CT Scan, Other Diagnosis
3) Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Other Channels
4) End-User: Hospitals, Specialty Clinics, Other End-Users
Which Region Leads The Coronary Artery Disease Market?
In the Coronary Artery Disease Market, North America held the largest share in 2024. The broader sectors covered in this market include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Coronary Artery Disease Market Global Market Report?
- Market Size Analysis: Analyze the Coronary Artery Disease Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Coronary Artery Disease Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Coronary Artery Disease Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Coronary Artery Disease Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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