Cardiovascular Drugs Market Value Projected To Surge Remarkably At Double Digit CAGR During 2020–2026
Cardiovascular diseases are popularly known as heart diseases. These diseases are associated with circulatory system and heart. To list a few common cardiovascular diseases—rheumatic heart disease, hypertensive heart disease, inflammatory heart disease, ischemic heart disease, and cerebrovascular heart disease. High blood pressure causes hypertensive heart disease. Key concerns related to hypertensive heart disease are hypertrophy, heart failure, angina, and coronary heart disease. Brain blood vessels get affected by the cerebrovascular disease. Cerebrovascular disease common types are a stroke, vascular dementia, transient ischemic attack, and subarachnoid hemorrhage.
Global Cardiovascular Drugs Market: Growth Factors
The global cardiovascular disease drug market is anticipated to witness a high growth mainly owing to rising incidences of people suffering from cardiovascular disease. Another major factor positively impacting the growth of the global cardiovascular disease drug market is increasing number of diabetes and obese patients. Increasing geriatric population, unhealthy life style, and the existence of numerous novel drugs in the clinical studies are additional factors boosting the growth of the global cardiovascular disease drug market. Drugs development specifically for numerous applications is, on the other hand, major market restraint faced by key players in the global cardiovascular disease drug market.
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Global Cardiovascular Drugs Market: Segmentation
The global cardiovascular disease drug market is segmented on the basis of disease, drug class, and distribution channel. Based on the disease, the global market is classified into cardiac arrhythmias, arteriosclerosis, acute coronary syndrome, myocardial infarction, coronary artery disease, peripheral artery disease, hyperlipidaemia, hypertension, cardiac failure diseases, thrombosis, and others. Based on the drug class, the global cardiovascular disease drug market is diversified as anti-hyperlipidemics, anti-fibrinolytic, anti-hypertensive, anti-arrhythmic, anti-coagulants, and others. The others segment is further sub-segmented as anti-ischemic drugs, anti-anginal drugs, and cardiac glycosides. Based on the distribution channel, the global cardiovascular disease drug market is classified as hospital pharmacies, retail pharmacies, and online pharmacies.
Global Cardiovascular Drugs Market: Regional Analysis
North America is anticipated to dominate the global cardiovascular drugs market in the coming years. The major reason for this growth is rising awareness of numerous heart diseases in this region. Also, the US is expected to witness significant growth in the global cardiovascular drugs market. This trend is flowed by Canada. Moreover, in Europe, the UK, Germany, Italy, France, and Spain grab the major market share. Nevertheless, Asia is anticipated to witness considerable growth in the near future in the global cardiovascular drugs market mainly owing to major players investing R&D facilities in this region.
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Global Cardiovascular Drugs Market: Competitive Players
Major players dominating the global cardiovascular disease drug market include Pfizer, Inc., AstraZeneca plc, Merck & Co., Sanofi S.A., Novartis AG, Daiichi Sankyo Company Limited, Takeda Pharmaceutical Company Limited, and Bayer AG. Other key players influencing the global cardiovascular disease drug market are Astellas Pharma Inc., Boehringer Ingelheim GmbH, United Therapeutics Corporation, Johnson & Johnson, Roche Holding AG, and Actelion Pharmaceuticals Ltd.
- CDN Newswire