https://www.acumenresearchandconsulting.com/
Home Services Industry Services Press Releases About Us Blogs Report Store Contact us

Cardiovascular Drugs Market (By Drug Type: Anti-Hyperlipidemics, Anti-Hypertensive, Anti-Coagulants, Anti-Arrhythmic, Anti-Fibrinolytic, Others; By Disease Indication: Hypertension, Hyperlipidemia, Coronary Artery Disease, Others; By Distribution Channel: Hospitals Pharmacies, Retail Pharmacies, Online Pharmacies, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Published : Jan 2020

Report ID: ARC1702

Pages : 190

Format : Cardiovascular Drugs Market (By Drug Type: Anti-Hyperlipidemics, Anti-Hypertensive, Anti-Coagulants, Anti-Arrhythmic, Anti-Fibrinolytic, Others; By Disease Indication: Hypertension, Hyperlipidemia, Coronary Artery Disease, Others; By Distribution Channel: Hospitals Pharmacies, Retail Pharmacies, Online Pharmacies, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global cardiovascular drugs market size is expected to reach around US$ 92.3 Bn by 2026 and growing at a CAGR of around 2.3% over the forecast period 2019 to 2026.

Cardiovascular drugs offer effective treatment and have curiosity to enhance treatment outcomes, enhance patient compliance with prescriptions and eliminate the need for insurers to pay for expensive but ineffective therapies. These types of drugs offers beneficial to patients and can outweigh any potential serious side effects or risks. The cardiovascular drugs include transferring of genetic material into a host cell through Anti-Hyperlipidemics, Anti-Hypertensive and manipulation of the tumor microenvironment, to reduce tumor vasculature. The main function of cardiovascular drugs is regeneration or replacement of mutated genes with healthy genes. Based on drugs type, different types of cardiovascular drugs such as anti-hyperlipidemics, anti-hypertensive, anti-coagulants, anti-arrhythmic, anti-fibrinolytic, and others are used.

Market Dynamics

The growth of the cardiovascular drugs market is primarily driven by the rising prevalence of chronic disease, increase in geriatric population across the globe, and technological advancements in cardiovascular drugs. Furthermore, increase in demand and preference for non-invasive treatment and expanding base of cancer patients worldwide and increase in number of diabetic patients, is estimated to boost the market growth. Moreover, changing lifestyles of consumers across developed countries, growing pharmaceutical and medical industry, technological advancement and increase in the number of applications are expected to create opportunities for the manufacturers in the global market over the forecast period. However, stringent government regulations and side effects of drugs are expected to hamper the growth of the global cardiovascular drugs market in the coming years.

By drug type, anti-coagulants segment dominated the cardiovascular drugs market

The anti-coagulants segment accounted for approximately 34% of the share in the global cardiovascular drugs market in 2018. Increase in demand for treatment in blood cancer, effective than other drugs, creating and modification of cells outside body to increase the stability of treatment, and rising incidences of various diseases is further expected to raise segment over the forecast period.

By distribution channel, hospitals segment dominated the cardiovascular drugs market

The hospitals segment accounted for approximately 31% of the share in the global cardiovascular drugs market in 2018. Growing demand for multi-specialty treatment and devices and cataract procedures and growing consumer preference towards technology advanced surgical procedures performed in hospitals, and medications are prescribed after treatment in hospitals is further expected to raise segment over the forecast period. Owing to its growing number of surgery, growing number of devices requirement in hospitals, and supportive government initiatives for cardiovascular drugs in hospitals further grows the demand for cardiovascular drugs in hospitals applications during the forecast period.

By disease indication, hypertension segment dominated the cardiovascular drugs market

The hypertension segment accounted for approximately 34% of the share in the global cardiovascular drugs market in 2018. Rise in number of hypertension patient and increase in cancer and diabetes population across the globe. Geriatric population across the globe and growing incidence of cataract, and rising demand for preventive checkup is further expected to raise segment over the forecast period.

The market research study on “Cardiovascular Drugs Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”,offers a detailed insight into the global cardiovascular drugs market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global cardiovascular drugs market, its drug type, disease indication, distribution channel, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global cardiovascular drugs market size, and segment markets by drug type, disease indication, distribution channel, and geography along with the information on companies operating in the market. The cardiovascular drugs market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size for different segments has been covered under the scope of the report.

In 2018, North America dominated the regional market with a maximum market share

North America accounted for the high market share of the cardiovascular drugs market and the region is also expected to maintain its dominance over the forecast period. The region is experiencing the maximum growth owing to the rapid consumption of cardiovascular drugs in various end user applications, presence of cardiovascular drugs companies, favorable reimbursement policies, and rapidly growing diabetic population. Highly efficient reimbursement structure and developed healthcare infrastructure in the North America region is one of the key factors driving the consumption of cardiovascular drugs in this region. Moreover, highly skilled neurosurgeons, growing number of hospitals and research centers in key countries such as US and Canada are also propelling the growth of cardiovascular drugs in the North America region. Europe is followed by the North America region in the cardiovascular drugs market.

Asia-Pacific is expected to hold the highest CAGR in the global market during the forecast period. The growing prevalence of cancer, increase in innovation and development in cardiovascular drugs, and growing geriatric populations, are expected to enhance the market growth in the global cardiovascular drugs market during the forecast.

The players profiled in the report include Novartis AG, Bayer AG, Pfizer Inc., Merck and Co. Inc., Johnson & Johnson, Eli Lilly and Company, Takeda Pharmaceutical Company Ltd, Otsuka Holdings Co., Ltd., Gilead Sciences Inc., Sun Pharma Industries, and Abbott Laboratories among others. The companies are involved in mergers and acquisitions and new product development for expanding their market share and also for gaining competitive advantages over its competitors.

Market Segmentation

Market By Drug Type

  • Anti-Hyperlipidemics
  • Anti-Hypertensive
  • Anti-Coagulants
  • Anti-Arrhythmic
  • Anti-Fibrinolytic
  • Others

Market By Disease Indication

  • Hypertension
  • Hyperlipidemia
  • Coronary Artery Disease
  • Others

Market By Distribution Channel

  • Hospitals Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Others

Market By Geography

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

Frequently Asked Questions

What is the function of cardiovascular drugs?

The main function of cardiovascular drugs is regeneration or replacement of mutated genes with healthy genes.

Which factor curbs the growth of cardiovascular drugs market?

Factors such as rising prevalence of chronic disease, increase in geriatric population across the globe, and technological advancements restrain the cardiovascular drugs market growth.

What will be the market value of cardiovascular drugs in the forecast period 2019 to 2026?

According to Acumen Research and Consulting, the cardiovascular drugs market value is anticipated to be worth around US$ 92.3 billion in 2026.

How much is the market share of the anti-coagulants segment in 2018?

In 2018, the anti-coagulants segment accounted for approximately 34% of the share in the global cardiovascular drugs market.

What will be the growth rate of cardiovascular drugs market during the forecast period 2019 to 2026?

The cardiovascular drugs market is anticipated to grow over 2.3% CAGR during the forecast period 2019 to 2026.

Why North America hit maximum growth?

The North America is experiencing the maximum growth owing to the rapid consumption of cardiovascular drugs in various end user applications, presence of cardiovascular drugs companies, favorable reimbursement policies, and rapidly growing diabetic population.

Which region is projected to grow at a fastest rate during the forecast period?

Asia Pacific is projected to grow at a fast pace during forecast period in the cardiovascular drugs market.

Select Licence Type

Single User

US$ 4500

Multi User

US$ 7000

Excel Datapack

US$ 2000

Why Acumen Research And Consulting

100%

Customer Satisfaction

24x7

Availability - we are always there when you need us

200+

Fortune 50 Companies trust Acumen Research and Consulting

80%

of our reports are exclusive and first in the industry

100%

more data and analysis

1000+

reports published till date