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Myocardial Infarction Market on Track for Strong Growth, Estimated to Grow at 7.4% CAGR Through 2029
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Myocardial Infarction Market Through 2025?
Rapid expansion has been a hallmark of the myocardial infarction market recently, projected to increase its valuation from $2.05 billion in 2024 to $2.19 billion a year later, reflecting a steady compound annual growth rate of 6.8%. Factors driving expansion during the historical timeframe include the deployment of beta-blockers, the founding of specialized chest pain treatment facilities, the implementation of thrombolytic treatments, the adoption of patient-specific medicine strategies, and the integration of wearable technology for cardiac monitoring.
What's the Projected Size of the Global Myocardial Infarction Market by 2029?
Projections indicate robust expansion for the myocardial infarction sector, anticipated to reach a valuation of $2.92 billion by 2029, reflecting a compound annual growth rate (CAGR) of 7.4%. This upward trajectory is fueled by global efforts promoting heart health, wider availability of reperfusion treatments, the emergence of RNA-based therapies tailored for cardiac conditions, the adoption of care models centered around the patient, increased attention to microvascular impairment, and the development of bioelectronic medical solutions. Key developments shaping this market during the forecast timeframe encompass progress in cardiovascular imaging modalities, refinements in cardiac surgical procedures, increased utilization of telemedicine, the incorporation of artificial intelligence into diagnostic processes, the creation of digital biomarkers for better risk forecasting, the deployment of blockchain technology to secure health data, AI-assisted pharmaceutical discovery, and novel advancements in cardiac rehabilitation systems.
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Top Growth Drivers in the Myocardial Infarction Industry: What's Accelerating the Market?
The escalating prevalence of smoking individuals is anticipated to be the primary catalyst fueling the expansion of the myocardial infarction market in the future. Smoking is defined as the act of using cigarettes, cigars, or pipes, and the chemical components within cigarette smoke lead to blood viscosity increase and subsequent clot formation within the circulatory system, a blockage that directly precipitates myocardial infarction. To illustrate this trend, data from the Office for National Statistics, a UK governmental entity, highlighted in September 2023 showed that the 25 to 34-year-old demographic in the United Kingdom exhibited the highest proportion of current smokers in 2022, representing 16.3% of that group, which equates to roughly 1.4 million people; this figure marks an uptick from the 15.8% prevalence observed in the preceding year for the identical age bracket, involving close to 1.3 million persons. Consequently, the documented rise in the smoking population is what fuels the upward trajectory of the myocardial infarction market.
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What Trends Will Shape the Myocardial Infarction Market Through 2029 and Beyond?
Leading corporations operating within the myocardial infarction sector are heavily invested in creating innovative pharmaceutical treatments, specifically anti-inflammatory agents, aiming for precise management of cardiovascular inflammation to establish stronger market positioning. These anti-inflammatory pharmaceuticals function by mitigating the body's inflammatory processes, thereby lessening discomfort and edema through intervention in immunological reactions. Demonstrating this progress, Agepha Pharma, a medical product manufacturer from Slovakia, secured FDA authorization in June 2023 for their proprietary medicine, Lodoco (colchicine), notable as the inaugural anti-inflammatory treatment specifically designed to address the root pathology of atherosclerotic cardiovascular disease. The intended benefits of Lodoco include lowering the likelihood of serious cardiovascular events such as myocardial infarction, stroke, the need for coronary revascularization, and death from cardiovascular causes among adult populations, whether administered as monotherapy or alongside lipid-lowering agents. Supporting its efficacy, a clinical study involving this modified, low-dose colchicine formulation, Lodoco, revealed a substantial 31 percent decrease in the composite hazard associated with cardiovascular death, heart attack, stroke, or necessary coronary revascularization procedures.
What Are the Main Segments in the Myocardial Infarction Market?
The myocardial infarctionmarket covered in this report is segmented -
1) By Drug Class: Antiplatelet Agents; Glycoprotein IIb Or IIIa Inhibitors; Antithrombotic Agents; Beta-Adrenergic Blockers; Vasodilators; Angiotensin-Converting Enzyme (ACE) Inhibitors; Angiotensin-Receptor Blockers; Analgesics; Thrombolytics
2) By Route Of Administration: Oral; Injectable
3) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Online Pharmacies
Subsegments:
1) By Antiplatelet Agents: Aspirin; Clopidogrel; Ticagrelor
2) By Glycoprotein IIb Or IIIa Inhibitors: Abciximab; Eptifibatide; Tirofiban
3) By Antithrombotic Agents: Heparins; Direct Oral Anticoagulants (DOACs)
4) By Beta-Adrenergic Blockers: Metoprolol; Carvedilol
5) By Vasodilators: Nitroglycerin; Isosorbide Dinitrate
6) By Angiotensin-Converting Enzyme (ACE) Inhibitors: Lisinopril; Enalapril
7) By Angiotensin-Receptor Blockers: Losartan; Valsartan
8) By Analgesics: Morphine; Non-Steroidal Anti-Inflammatory Drugs (NSAIDs)
9) By Thrombolytics: Alteplase; Reteplase
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Which Top Companies are Driving Growth in the Myocardial Infarction Market?
Major companies operating in the myocardial infarction market include Pfizer Inc., Johnson & Johnson Services Inc., F. Hoffmann-La Roche Ltd., Bayer AG, Novartis AG, Sanofi SA, Bristol-Myers Squibb Company, AstraZeneca PLC, Abbott Laboratories, Boehringer Ingelheim GmbH, Merck KGaA, Daiichi Sankyo Co. Ltd., Apotex Inc., Siemens Healthcare Diagnostics Limited, Annexin Pharmaceuticals AB, Heartseed Inc., Par Pharmaceutical Companies Inc., Tenaya Therapeutics Inc., Idorsia Pharmaceuticals Ltd., Acesion Pharma ApS, Applied Therapeutics Inc., Athersys Inc., Cardurion Pharmaceuticals Inc., Verve Therapeutics Inc., Serca Pharmaceuticals AS
Which Regions Will Dominate the Myocardial Infarction Market Through 2029?
North America was the largest region in the myocardial infarction market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the myocardial infarction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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