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Artery Stenosis Drug Market: Major Trends Reshaping the Future of the Industry
Artery Stenosis Drug Market
What Will the Artery Stenosis Drug Industry Market Size Be by 2025?
In recent times, the drug market for artery stenosis has experienced robust growth. The market size is projected to expand from $2.47 billion in 2024 to $2.6 billion in 2025, with a compound annual growth rate (CAGR) of 5.4%. The notable growth during the historical period can be linked to factors such as an escalating number of cardiovascular disease cases, an upsurge in the aged population, heightened consciousness about arterial wellbeing, increased application of telemedicine for patient supervision, and enhanced healthcare infrastructure.
What's the Long-Term Growth Forecast for the Artery Stenosis Drug Market Size Through 2029?
There is an anticipation of robust expansion in the market size of the artery stenosis drugs in the upcoming years, with it projected to surge to ""$3.27 billion by 2029, with a compound annual growth rate (CAGR) of 5.9%. Several factors are set to contribute to this advancement in the projected period. They include the rising instances of obesity and diabetes, increasing interest in less invasive treatment methods, enhanced access to healthcare in emerging economies, escalating healthcare costs, and a higher occurrence of diabetes and obesity. Key emerging trends in this forecast span are personalized medicinal procedures, a higher acceptance of combined therapies, innovation in diagnostic methods, an increased emphasis on preventive cardiology and the creation of new drug delivery systems.
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What Are the Key Growth Drivers Fueling the Artery Stenosis Drug Market Expansion?
The increase in diabetes and obesity cases is projected to boost the expansion of the artery stenosis drug market. Diabetes, a persistent disease where the body either lacks sufficient insulin or cannot properly utilize it, leads to high blood sugar levels. On the other hand, obesity, characterized by excessive body fat, enhances the risk of various health problems. The surge in diabetes and obesity cases is due to a decrease in regular physical activity, fuelled by increasingly sedentary jobs and screen-oriented recreational activities that lead to weight gain and insulin resistance. Artery stenosis medications are crucial for diabetes and obesity patients as these conditions foster the development of plaque in the arteries, thereby escalating the risk of heart attacks and strokes. For example, the World Health Organization, a Switzerland-based United Nations agency, reported in March 2024 that in 2022, there were 2.5 billion overweight adults worldwide, with 890 million suffering from obesity. Thus, the rising occurrences of diabetes and obesity are stimulating the growth of the artery stenosis drug market.
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What Are the Key Trends Driving Artery Stenosis Drug Market Growth?
Leading firms in the artery stenosis drug market are concentrating their efforts on the development of innovative therapeutic strategies, such as bempedoic acid, to fulfil the unmet healthcare requirements in the area of hypercholesterolemia treatment. Bempedoic acid represents a unique category of drug specifically designed to decrease LDL cholesterol levels in patients who are either intolerant to statins or in need of supplementary lipid-lowering treatment. For example, in May 2022, Zydus Lifesciences Ltd, a pharmaceutical corporation based in India, introduced Bemdac to the Indian market. This groundbreaking oral treatment for hypercholesterolemia, crafted using bempedoic acid, is engineered to decrease LDL cholesterol levels in patients who are unable to tolerate statins or require an extra lipid-lowering therapy. The introduction of Bemdac is intended to offer a new treatment alternative that enhances cardiovascular outcomes by focusing on cholesterol synthesis in the liver, while also minimizing muscle-related side effects often linked with statin usage.
How Is the Artery Stenosis Drug Market Segmented?
The artery stenosis drug market covered in this report is segmented -
1) By Drug Type: Antiplatelet Agents, Anticoagulants, Statins, Beta Blockers
2) By Mechanism Of Action: Platelet Aggregation Inhibitors, Thrombin Inhibitors, HMG-CoA Reductase Inhibitors, Beta-Adrenergic Antagonists
3) By Route Of Administration: Oral, Injectable, Transdermal
4) By Patient Type: Adults, Geriatric, Pediatric
Subsegments:
1) By Antiplatelet Agents: Aspirin, Clopidogrel, Ticagrelor, Prasugrel, Dipyridamole
2) By Anticoagulants: Warfarin, Heparin, Low Molecular Weight Heparins, Direct Oral Anticoagulants (DOACs)
3) By Statins: Atorvastatin, Simvastatin, Rosuvastatin, Pravastatin, Lovastatin
4) By Beta Blockers: Metoprolol, Atenolol, Propranolol, Carvedilol, Bisoprolol
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Which Companies Are Leading the Charge in Artery Stenosis Drug Market Innovation?
Major companies operating in the artery stenosis drug market are Pfizer Inc., Johnson & Johnson Services Inc., F. Hoffmann-La Roche Ltd, Merck & Co. Inc., AbbVie Inc., Bayer AG, Bristol-Myers Squibb Company, AstraZeneca PLC, Abbott Laboratories, Novartis AG, Sanofi S.A., GSK plc, Takeda Pharmaceutical Company Limited, Medtronic plc, Gilead Sciences Inc., Amgen Inc., Baxter International Inc., Regeneron Pharmaceuticals Inc., Lupin Limited, Alnylam Pharmaceuticals.
Which Regions Are Leading the Global Artery Stenosis Drug Market in Revenue?
North America was the largest region in the artery stenosis drug market in 2024. The regions covered in the artery stenosis drug market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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