Cardiovascular Disease Drugs Market: Introduction
- Heart disease develops when the blood vessels of the heart are either diseased or damaged. This results in fatty deposits in the arteries called plaque. Plaque can lead to either clot of blood or block blood vessels. Heart diseases can lead to several health issues such as problems of heart rhythm, congestive heart failure, or a heart attack. Any of these diseases is capable of causing death. Hence, treatment of such conditions of heart is of utmost importance.
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- For the treatment of such heart conditions, a doctor is likely to advice substantial changes in the lifestyle of a person along with intake of certain medications. Changes in lifestyle include exercising, avoiding oily & fatty food products, and maintaining a regular diet. The medications that doctors advise for heart diseases comprise Sular (nisoldipine), Vascor (bepridil), Lotrel (amlodipine), Toprol XL (metoprolol), Lopressor, Zebeta (bisoprolol), Sectral (acebutolol), Coumadin (warfarin), and heparin.
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Cardiovascular Disease Drugs Market: Key Trends
- Cardiovascular diseases can be treated or prevented through the intake of daily dose of medicines and strictly adhering to a certain lifestyle. The drugs that are used for the treatment of heart conditions either increase the supply of oxygen to the heart or better the pumping capacity of the heart. Hypertension is another medical condition that contributes to the increase in intake of cardiovascular drugs. The demand for drugs for hypertension such as Tracleer and Letairis has increased manifold compared to existing calcium channel blockers, beta blockers, and diuretics. A significant rise in adoption of these drugs is projected to boost the growth of the global cardiovascular disease drugs market in the next few years.
- The world is struggling with the COVID-19 pandemic. COVID-19 leads to pneumonia, severe & acute respiratory disorders, multiple organ failure, and, in severe cases, death. The geriatric population is more prone to COVID-19. The global cardiovascular disease drugs market has witnessed strong growth during the pandemic.
- Governments of developing countries are making significant investments to modernize health care infrastructure in their respective countries, which is anticipated to increase access to health care. This is expected to drive the demand for cardiovascular disease drugs.
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North America to Capture Major Share of Global Cardiovascular Disease Drugs Market
- North America is likely to dominate the global cardiovascular disease drugs market from 2021 to 2031. This is attributed to favorable regulatory environment, rise in focus and interest in cardiovascular disease drugs, and government funding for research on life sciences. Additionally, rise in prevalence of cardiovascular diseases fuels the growth of the cardiovascular disease drugs market in the region. The market in Asia Pacific is projected to grow at a rapid pace during the forecast period due to rise in research & developmental activities, increase in government initiatives for improving health care, and surge in focus of key players in building or strengthening presence in the region. The market in Latin America and Middle East & Africa is anticipated to be driven by rise in prevalence of cardiovascular diseases and increase in research & development, especially on cardiovascular drugs.
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Key Players Operating in Global Cardiovascular Disease Drugs Market
Key players hold major share in their respective regions. Growth strategies adopted by leading players are likely to drive the global cardiovascular disease drugs market.
Major players operating in the global cardiovascular disease drugs market are:
- United Therapeutics Corporation
- Boehringer Ingelheim International GmbH
- Takeda Pharmaceutical Company Limited
- Hoffmann-La Roche Ltd.
- Bristol-Myers Squibb Company
- Pfizer, Inc.
- Bayer AG
- Other prominent players
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