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Cardiovascular disorders are considered to be one of the major causes of mortality and morbidity among the population worldwide. The blockage caused due to the deposition of fats on the inner walls of blood vessels prevents blood from flowing to heart or brain which leads to clot formation, strokes, arrhythmias, and heart failures. According to WHO, in 2015, it was estimated that around 17.7 million people died due to various cardiovascular diseases. A further distinction in lifestyle has enlarged the prevalence of obesity, which has further led to persistence increase in the prevalence of cardiovascular diseases. Innovations in the new drugs for treating cardiovascular disease is likely to upsurge the growth in cardiovascular therapeutics market.
The growth of cardiovascular therapeutics market is majorly driven by growing demand and affordability for effective and novel drug therapies for treating various cardiovascular diseases. Novel oral anticoagulants are highly being embraced by patients for replacement of injectable anti-coagulants like Warfarin and Heparin in the management of thrombus formation. Moreover, the development of new peptide therapies for treating cardiovascular diseases (CVD) is likely to boost the market growth during the forecast period. In addition, an increase in the investments in the research and development activities has resulted in the emergence of potential pipeline candidates ready to capture the market share.
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On to the contrary, rigid drug regulatory process, high treatment cost, and various side effects associated with cardiovascular disease drugs are likely to hinder the market growth.
Major companies involved in the global cardiovascular disease drug market include Pfizer, Inc., AstraZeneca, Merck & Co., Sanofi S.A., Novartis AG, Daiichi Sankyo Company Limited, Takeda Pharmaceutical Company Limited., Bayer AG and other key players.
By Drug Class
By Disease Type
By Distribution Channel
In terms of drug class segmentation, anti-hypertensive drugs are anticipated to account for the largest market due to the increasing prevalence of heart disease and increasing incidents of hypertension and diabetes around the globe.
Geographically, the global Cardiovascular therapeutics market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among them, North America is likely to secure the place as the market leader in cardiovascular drugs in the forecasting period. Widespread awareness of the various cardiovascular diseases and highly developed healthcare system in the US are the major contributing factors for the dominance of the region in the global cardiovascular therapeutics market. In 2019, Novartis AG. launched Entresto a combination of valsartan and sacubitril, which is mainly used for the treatment of heart failure. Growing partnerships between major key players for developing new products and high investments in healthcare domain by government authorities are likely to anticipate the expansion of market growth in the Asia Pacific region becoming a key revenue generator in the upcoming years.