Press release
Rising Cardiovascular Cases Fuel Demand For Advanced Heart Failure Solutions: Major Factor in the Transformation of the Congestive Heart Failure (CHF) Market in 2025
Congestive Heart Failure (CHF) Market Size
The market size for congestive heart failure (CHF) has seen substantial growth in recent years. It is expected to experience an expansion from $15.94 billion in 2024 to $17.10 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.2%. The impressive growth seen in the historical period is a result of the increasing prevalence of the aging population, escalating occurrences of cardiovascular diseases, a heightened awareness about heart health, a rise in healthcare spending, and a growing demand for remote patient monitoring.
Over the coming years, the congestive heart failure (CHF) market is set to witness significant expansion, with predictions to reach $22.31 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The projected growth during this period can be credited to factors such as the growing use of digital health solutions, heightened instances of hypertension, increasing rates of obesity, improved patient results, and a heightened focus on individualized medicine. The forecast period will also see major trends such as advancements in diagnostic and treatment options, innovative strides in imaging technology, breakthroughs in therapeutic strategies, and progression in the field of wearable health devices.
What Key Elements Are Boosting Growth in the Congestive Heart Failure (CHF) Market?
There is an ascending trend in cardiovascular patients that is anticipated to accelerate the expansion of the congestive heart failure (CHF) market in the near future. Cardiovascular pertains to the blood vessels and heart, stressing their significance revolving around blood circulation and sustaining the body's overall wellness. The uplift in cardiovascular patients can be attributed to inactive lifestyles, poor food habits, ageing populace, and urbanization, consequently necessitating superior medicare and treatment remedies. Congestive heart failure (CHF) services cardiovascular patients by offering focused solutions that enhance heart proficiency, lessen indications and deter complications, ultimately uplifting patient care and general health. For example, the American College of Cardiology, a non-profit medical society based in the US, reported in January 2023 that cases of cardiovascular diseases escalated to 19.8 million in 2022. Furthermore, Eastern Europe has registered the highest mortality rate, standing at 553 deaths per 100,000. Given these factors, the surge in cardiovascular patients augments the development of the congestive heart failure (CHF) market.
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Who Are the Major Industry Players Fueling Congestive Heart Failure (CHF) Market Expansion?
Major companies operating in the congestive heart failure (CHF) market are Pfizer Inc., Johnson & Johnson Inc., Boehringer Ingelheim International GmbH, Merck & Co. Inc., Bayer AG, Sanofi S.A., Bristol-Myers Squibb Company, Abbott Laboratories, Novartis AG., Medtronic Plc, Eli Lilly and Company, Canon Medical Systems Corporation, Novo Nordisk A/S, Jarvik Heart Inc., Boston Scientific Corporation, Applied Molecular Genetics Inc., Biotronik SE & Co. KG, Exelixis Pharmaceuticals Inc., Otsuka Pharmaceutical Co. Ltd., LivaNova
What Are the Latest Innovations in the Congestive Heart Failure (CHF) Market?
Leading corporations in the congestive heart failure (CHF) market are prioritizing breakthrough innovations such as single intracoronary infusion treatments. These cutting-edge treatments aim to improve heart functionalities and elevate the life quality of those with CHF. Employing the method of single intracoronary infusion, the medication is directly dispatched to the coronary artery to specifically target and treat ailments like CHF. For example, Bayer AG, a pharmaceutical enterprise based in Germany, and Asklepios Biopharmaceutical, Inc., a biotech firm stationed in the US, launched the GenePHIT Phase II trial for AB-1002, a potential gene-based therapy for CHF, in January 2024. This novel conceptualization employs a gene therapy approach to non-ischemic cardiomyopathy, providing a possible game-changer in CHF treatment via sophisticated genetic solutions. This trial is adaptive, placebo-controlled, and double-blind. It is set to include 90 to 150 participants who have maintained medical stability for a minimum of four weeks and have a left ventricular ejection fraction within the bracket of 15% to 35%.
How Is the Segmentation of the Congestive Heart Failure (CHF) Market Defined?
The congestive heart failure (CHF) market covered in this report is segmented -
1) By Type: Systolic Heart Failure, Diastolic Failure, Left-Sided Heart Failure, Right-Sided Heart Failure
2) By Treatment: Medication, Surgery
3) By Diagnosis: Electrocardiogram, Echocardiogram, Magnetic Resonance Imaging (MRI), Stress Test, Blood Tests, Cardiac Catheterization, Other Diagnosis
4) By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Retail Pharmacy
5) By End-User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Homecare Settings
Subsegments:
1) By Systolic Heart Failure: Reduced Ejection Fraction (HFrEF), Mild-to-moderate Reduced Ejection Fraction
2) By Diastolic Heart Failure: Preserved Ejection Fraction (HFpEF), Borderline Ejection Fraction (HFpEF)
3) By Left-Sided Heart Failure: Acute Left-Sided Heart Failure, Chronic Left-Sided Heart Failure
4) By Right-Sided Heart Failure: Acute Right-Sided Heart Failure, Chronic Right-Sided Heart Failure
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What Is the Leading Region in the Congestive Heart Failure (CHF) Market?
North America was the largest region in the congestive heart failure (CHF) market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the congestive heart failure (CHF) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Congestive Heart Failure (CHF) Global Market Report?
- Market Size Analysis: Analyze the congestive heart failure (chf) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the congestive heart failure (chf) 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 congestive heart failure (chf) market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the congestive heart failure (chf) market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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