Global Heart Failure Drugs Market, By Type (ACE Inhibitors, Angiotensin Receptor Blockers, Beta Blockers, Diuretics, Others), Application (Injection, Capsule, Tablets), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), End Users (Hospitals, Specialty Centers, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The heart failure drugs market is expected to gain market growth in the forecast period of 2021 to 2028. Data bridge market research analyses that the market is growing with the CAGR of 15.56% in the forecast period of 2021 to 2028 and is expected to reach USD 18,660.58 million by 2028. The increase in prevalence of cardiovascular disease among population across the globe is escalating the growth of heart failure drugs market.
Heart failure refers to complex clinical syndrome having certain signs and symptoms which are result of structural and functional cardiac aberrations. The treatment of this syndrome is dependent on angiotensin-converting enzyme inhibitor, angiotensin receptor II blocker, beta-blockers and diuretics. The heart failure drugs work in various ways in case of heart attack such as ACE inhibitors prevents the formation of angiotensin which causes blood vessels to constrict, angiotensin helps in lowering the effect of angiotensin on the heart and beta blockers block the actions of certain chemicals.
The increase in rate of cardiovascular cases among people and the growing geriatric population globally are the major factors driving the heart failure drugs market. The increase in need of these drugs as they treat different symptoms of the disorder and the dependency of the patients on these drugs accelerates the heart failure drugs market growth. The change in lifestyle such as excessive alcohol consumption, smoking and unhealthy diet habits causes heart problems which is propelling the heart failure drugs market. The increase in investment by key players and the increase in number of research and development activities influence the heart failure drugs market. Additionally, increase in the occurrence of heart problems due to obesity and lack of physical activities boosts the heart failure drugs market. Furthermore, the rise in demand for effective drugs and treatment and products approval extend profitable opportunities to the heart failure drugs market players in the forecast period of 2021 to 2028.
On the other hand, the side effects of consuming these drugs are expected to obstruct the heart failure drugs market growth. Rise in concerns regarding increasing contractility which may result in damaging the myocardium and shorten the survival of these patients is projected to challenge the heart failure drugs market in the forecast period of 2021-2028.
This heart failure drugs market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on heart failure drugs market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Heart Failure Drugs Market Scope and Market Size
The heart failure drugs market is segmented on the basis of type, application, distribution channel and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the heart failure drugs market is segmented into ACE inhibitors, angiotensin receptor blockers, beta blockers, diuretics and others.
- On the basis of application, the heart failure drugs market is segmented into injection, capsule and tablets.
- On the basis of distribution channel, the heart failure drugs market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies.
- On the basis of end users, the heart failure drugs market is segmented into hospitals, specialty centers and others.
Global Heart Failure Drugs Market Country Level Analysis
Global heart failure drugs market is analyzed and market size insights and trends are provided by country, type, application, distribution channel and end users as referenced above.
The countries covered in the heart failure drugs market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the heart failure drugs market because of the rise in the rate of cardiovascular disorders, increasing obesity cases among people and growing healthcare expenditure. Asia-Pacific is expected to witness the highest CAGR in the forecast period of 2021-2028 because of the growing patient pool, initiatives by the government to enhance quality of healthcare, rise in cardiovascular disorder cases and increase in disposable income in the region.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Heart failure drugs market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for heart failure drugs market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the heart failure drugs market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Heart Failure Drugs Market Share Analysis
Heart failure drugs market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to heart failure drugs market.
The major players covered in the heart failure drugs market report are Amgen Inc., AstraZeneca, Bayer AG, Novartis AG, Gilead Sciences, Inc, GlaxoSmithKline plc, Pfizer Inc., Teva Pharmaceutical Industries Ltd, Cardurion Pharmaceuticals, Cardior Pharmaceuticals, Actelion Pharmaceuticals Ltd, Boehringer Ingelheim International GmbH, Bristol-Myers Squibb Company, CYTOKINETICS, INC., Eli Lilly and Company, Merck Sharp & Dohme Corp., Quantum Genomics, RENOVA, SERVIER LABORATORIES, Stealth BioTherapeutics Inc., Sanofi, Mylan N.V., Bausch Health Companies Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Heart Failure Drugs Market
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