Congestive Heart Failure Drugs Market Size, Share, Global Analysis, Restrains, Segments, Competitive Players, Merger and Regional Outlook to 2026
SEATTLE, April 02, 2021, (PHARMIWEB) — Global Congestive Heart Failure Drugs Market
Congestive heart failure, commonly known as heart failure, is a medical condition that affects the pumping ability of the heart muscles. Certain medical conditions, such as narrowing of the heart’s arteries or high blood pressure, gradually weaken and stiffen the heart, preventing it from pumping efficiently. Some common symptoms of heart failure include shortness of breath; weakness; fatigue; swelling in legs, feet and ankles; irregular and rapid heartbeat; declined ability to exercise; persistent cough or wheezing with blood-tinged phlegm; frequent urination during the night; swollen abdomen; rapid weight gain due to fluid retention; lack of appetite; nausea; difficulty in concentration; decreased alertness; and foamy mucus. Therefore, the risk factors for this condition are high blood pressure, coronary artery disease, diabetes, sleep apnea, obesity, virus, alcohol intake, hypertension, and irregular heartbeat.
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There are four types of heart failure: left-sided heart failure, right-sided heart failure, systolic heart failure, and diastolic heart failure. Thus, various lifestyle changes can aid in the prevention of heart failure. By reducing and managing stress, maintaining a healthy body weight, eating healthy food, staying physically fit and active, controlling blood pressure and diabetes, one can keep oneself from such a fatal disease.
Global Congestive Heart Failure Drugs Market Dynamics
One of the most vital growth drivers for the global congestive heart failure drugs market is the robust pipeline of drugs currently under development. For instance, furosemide injection solution (SCP-101) sponsored by Johns Hopkins University, in collaboration with Scpharmaceuticals Inc., had been going through the Phase 2 clinical trials in 2015. This injection is indicated for the treatment of heart failure. Moreover, Tolvaptan, which was sponsored by Otsuka Pharmaceuticals Co. Ltd., underwent the Phase 3 clinical trials in 2016. This drug is indicated for treating heart failure in children.
FDA approval of new drugs is another factor expected to fuel the growth of the global congestive heart failure drugs market. For instance, in 2016, the FDA approved Byvalson by Allergan, an Ireland-based company. This drug is used for treating hypertension. In 2015, the U.S. regulator approved Corlanor (ivabradine) by Amgen Inc., a U.S.-based company. This drug is used to treat chronic heart failure. Additionally, increasing geriatric population, unhealthy lifestyle, and surging awareness about various treatment options for chronic disorders, are driving the global market growth.
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On the contrary, low awareness about the diagnosis of diseases, such as hypertension, acts as a major restraint for the global market growth. According to a 2013 study published in the NCBI, only 49% of patients in high-income countries, suffering from hypertension, were aware of diagnosis of the disease, and the percentage was even lower in several low-income countries.
Global Congestive Heart Failure Drugs Market – Regional Analysis
North America is expected to hold a dominant position in the global congestive heart failure drugs market, with upcoming new product launches and mergers & acquisitions. For instance, in 2015, Amgen Inc. a U.S.-based company acquired Dezima Pharma, a Netherlands based company to expand its cardiovascular drug portfolio by adding cholesterol lowering drug TA-8995 to its portfolio. TA-8995 is a cholesterol lowering drug. Moreover, Europe congestive heart failure drugs market is expected to witness significant growth due to launch of new drugs to treat chronic diseases, which prevent heart failures. For instance, Novartis AG launched a drug named Entresto in 2016, in UK. Entresto is used to treat heart failure with minimum ejection fraction (measurement of percentage of blood leaving heart each time it contracts), it is an angiotensin receptor-neprilysin inhibitor.
High prevalence of cardiovascular diseases in Asia Pacific is expected to support the growth of congestive heart failure drugs market in this region. According to a study conducted by the All India Institute of Medical Science (AIIMS) and Indian Council of Medical Research (ICMR) in 2016, India’s younger population, aged below 30 years, are at a higher risk of developing cardiovascular diseases, due to unhealthy lifestyles, high alcohol and tobacco consumption.
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Global Congestive Heart Failure Drugs Market – Key Players
The leading players operating in the global congestive heart failure drugs market include Amgen Inc., Novartis AG, Astra Zeneca Plc., Bayer AG, Gilead Sciences Inc., Glaxo Smith Kline, Pfizer Inc., and Teva Pharmaceutical Industries Ltd.
- ACE Inhibitors
- Angiotensin 2 Receptor Blockers
- Beta Blockers
- Aldosterone antagonists
By Distribution Channel:
- Retail Pharmacies
- Online Pharmacies
- North America
- Latin America
- Asia Pacific
- Middle East
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