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Posted by Lovina Lindy on August 14, 2024 at 10:16pm 0 Comments 0 Likes
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Global Congestive Heart Failure Drugs Market Size, Share, Growth, Industry Trends and Forecast 2020-2030
Congestive heart failure is a chronic and growing situation that affects the pumping capacity of heart muscles. In this situation, the heart is unable to pump the blood and circulate it into different parts of the body. Congestive heart failure develops when arteries are unable to pump a sufficient amount of blood to different parts of the body. Ultimately, blood and other fluids get accumulated inside the lungs, liver, abdomen, and lower body part. There are two types of congestive heart failure like systolic heart failure and diastolic heart failure. Congestive heart failure drugs are helpful in such a situation and help the body to get rid of excess fluids and sodium through urination. The drugs help to relieve the heart’s workload. It helps in decreasing the buildup of fluid in the lungs and other parts of the body. According to WHO, around 6.5 million people are diagnosed with congestive heart failure every year and around 2% of the global population are hospitalized due to congestive heart failure. Congestive heart failure can also be treated by a number of devices that maintain heart rhythms, such as pacemakers, cardiac resynchronization therapy (CRT), implantable cardioverter defibrillators (ICDs), and ventricular assist devices (VADs). The global congestive heart failure drugs market valued USD 22.9 billion in 2020 and it is expected to reach USD 49.5 billion by 2030 with the CAGR of 8% during the forecast period.
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Market Dynamics and Factors:
Rising predominance of cardiovascular diseases across regions is one of the major factors anticipated to drive the revenue growth of congestive heart failure drugs across the globe. Constantly changing lifestyle habits which includes unhealthy dietary habits, smoking, obesity, excessive alcohol consumption, and lack of physical activity, which make individuals more susceptible to arrhythmia and heart failure. The presence of congestive heart failure treatment devices like (Cardiac Resynchronization Therapy (CRT), Left ventricular assist device (LVAD), Implantable cardioverter defibrillator (ICD), and others are the major restraint for the congestive heart failure drugs market. The arrival of innovative drugs such as EOM is projected to change the market dynamics. Excessive use of drugs has side effects like vomiting, abnormal heart rhythm, and blurred or colored vision which may cause palpitation or fainting are the reasons that will slow down the congestive heart failure drugs market.
Market Segmentatin :
Global Congestive Heart Failure Drugs Market – By Drug Class
Beta Blockers
ACE Inhibitors
Angiotensin Receptor Blockers
Diuretics
Inotropic Agents
Aldosterone Antagonist
Calcium Channel Blockers
Others
Global Congestive Heart Failure Drugs Market – By Route of Administration
Oral
Intravenous
Global Congestive Heart Failure Drugs Market – By End-User
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Global Congestive Heart Failure Drugs Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
The heart failure market is set to rise from around USD 3.2 billion in 2015 to USD 11.8 billion by 2025, representing a CAGR of 13.7%, according to research study. Novartis and AstraZeneca hold the major share of the global heart failure drugs market with their drugs Toprol-XL and wog, respectively. The companies also hold a strong pipeline and are expected to remain as market leaders during the forecast period. Countries such as China, India, and Brazil are turning out to be some of the most attractive countries for pharmaceutical companies across the globe. Many factors such as a large global population and a rising aging population are leading to the high growth of the healthcare sector in developing countries.
Competitive Scenario:
The major players in the global congestive heart failure drug market are AstraZeneca plc. (UK), Bristol-Myers Squibb Co. (U.S), GlaxoSmithKline plc. (GSK) (UK), Merck & Co. Inc. (U.S), Mylan Inc. (U.S), Novartis AG (Switzerland), Pfizer Inc. (U.S), Sanofi (France), and Valeant Pharmaceuticals International Inc. (Canada)
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Congestive Heart Failure Drugs industry, although key threats, opportunities and disruptive technologies that could shape the Global Congestive Heart Failure Drugs Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Congestive Heart Failure Drugs Market most.
The data analysis present in the Global Congestive Heart Failure Drugs Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Congestive Heart Failure Drugs Market business.
The 2021 Annual Global Congestive Heart Failure Drugs Market offers:
100+ charts exploring and analysing the Global Congestive Heart Failure Drugs Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Congestive Heart Failure Drugs Market type
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