Takotsubo Syndrome Therapeutics Market to reach US$ 2.85 Billion by 2033; growing at a CAGR of 6.1%: FMI Report
The global Takotsubo Syndrome Therapeutics Market is predicted to exceed an impressive valuation of US$ 2.85 Billion in 2033, with a compound annual growth rate (CAGR) of 6.1% estimated from 2023 to 2033. In both industrialized and developing economies, cardiovascular diseases are the leading cause of death. The rising prevalence of cardiovascular problems such as valvular heart disease, congenital heart defects, and cardiac arrest is propelling the cardiac MRI diagnostics and takotsubo syndrome therapeutics industries.
North America will dominate the global market in 2022, owing to an increase in the global incidence of heart disease. According to the American Heart Association (AHA), heart disease is the leading cause of death in North America. Despite rapid lifestyle modification caused by rapid urbanization and environmental transition, cardiovascular illnesses are the leading cause of death in China, accounting for 40% of all fatalities.
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In 2016, the Chinese federally approved the Healthy China 2030 plan, emphasizing the importance of health in China’s innovation and emphasizing key concepts for attaining this, such as health priority, science, and technology innovation, scientific progress, and opening up frontiers for advanced echocardiography equipment, particularly cardiovascular ultrasound systems. As a result, China is expected to dominate industry growth in the coming decades.
Key Takeaways from the Market Study
- Because of rapid advances in cardiovascular care technology, the market is expected to be worth more than US$ 1.5 Billion by 2022.
- The British Heart Foundation estimates that 7.6 million people in the UK will have heart and circulatory diseases by March 2021.
- Heart disease kills approximately 600,000 Americans each year, according to the Centers for Disease Control and Prevention (CDC).
- According to the World Health Organization, approximately 17.9 million people die each year as a result of heart disease.
- Heart and circulatory diseases are responsible for 27% of all deaths in the UK, with approximately 43,000 people dying before the age of 75.
“Future developments will be heavily dependent on further technological advancements, including the use of cell phones, and portable, and handheld testing devices, which will generate a massive potential for growth over the forecast period.” says an analyst at Future Market Insights.
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Key Market Players:
Key players in the takotsubo syndrome therapeutics market are Taro Pharmaceutical Industries, Dva Health & Nutrition GmbH, Flamingo Pharmaceuticals Ltd., Par Formulations Pvt., Ltd., Teva Czech Industries S.R.O., Amneal Pharmaceuticals Pvt., Ltd., Bristol-Myers Squibb Company, Samarth Pharma Pvt. Ltd., Cipla Limited and Ipca Laboratories Ltd.
- Galderma and Taro Pharmaceutical Industries Ltd. declared a binding agreement in February 2022 for Taro to procure Alchemee, formerly The Proactiv Company (TPC), from Galderma.
- Ipca Laboratories revealed a 35.44% increase in consolidated net profit to Rs. 267.56 crore for the third quarter that concluded December 2020 in February 2021, owing to robust sales in domestic and global markets.
Key Segments Profiled in the Takotsubo Syndrome Therapeutics Market Industry Survey:
- Cardiac MRI
- Myocardial Infarction
- Occlusive Myocardial Infarction
- Non-occlusive Myocardial Infarction
- Type II Myocardial Infarction
- Apical Hypertrophic Cardiomyopathy
- Ambulatory Surgical Centres
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- North America
- Asia Pacific
- Latin America
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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