The new report by Expert Market Research titled, ‘Global Cardiovascular Drugs Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global cardiovascular drugs market, assessing the market based on its segments like drug type, disease indication, distributional channel, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
• Forecast CAGR (2021-2026): 1.5%
Cardiovascular medications are often used to treat a variety of heart problems. One of the major factors driving the growth of the cardiovascular drugs market is the rising prevalence of heart stroke and cardiovascular diseases. Cardiovascular disorders have been steadily rising in prevalence around the world, owing to a variety of modern lifestyle changes. Sedentary behaviour, excessive alcohol intake, stress, poor eating habits, and smoking are all factors contributing to an increase in the number of cardiovascular disorders among the young population. Increased understanding of cardiovascular health and, as a result, an increase in product launches are some of the other key drivers for the global cardiovascular drugs industry's growth. The growing number of diabetic patients has enormous potential for the global cardiovascular drugs industry to develop.
Industry Definition and Major Segments
Cardiovascular drugs refer to agents which are used for the treatment of diseases related to the cardiovascular system, which comprise of blood clots, stroke, arteria coronaria disease, variation in vital sign, arrhythmias, high cholesterol, and coronary failure.
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Cardiovascular drugs can be divided on the basis of drug type into:
On the basis of disease indication, cardiovascular drugs can be divided into:
• Coronary Artery Disease
Cardiovascular drugs can be segmented on the basis of distribution channel into:
• Hospital Pharmacies
• Retail Pharmacies
The regional markets for global cardiovascular drugs industry can be divided into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
According to the World Health Organization, cardiovascular diseases are the leading cause of death worldwide. According to the Global Health and Wellness Study, approximately 50% of the adult population in the United States has been diagnosed with a cardiovascular disease, resulting in an increased demand for highly effective and urgent care. Increased government initiatives to raise awareness of various types of cardiovascular conditions and increased R&D spending for novel cardiovascular drugs are expected to drive market growth. The key tactics used by different players in the industry are mergers and acquisitions, approval of new products, and product launch. The continued research activities by the key players to develop technologically advanced cardiovascular drugs with reduced side effects, such as biosimilars, monoclonal antibodies, and peptide therapies, are expected to fuel the growth of the global cardiovascular drugs market revenue over the forecast period.
Key Market Players
The major players in the market are Baxter International Inc., Pfizer Inc., Bayer AG, Johnson & Johnson Services Inc., Novartis AG, and Boehringer Ingelheim International GmbH, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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