The heart failure drugs market is expected to gain market growth in the forecast period of 2021 to 2028. Data bridge market research analyses that the market is growing with the CAGR of 15.56% in the forecast period of 2021 to 2028 and is expected to reach USD 18,660.58 million by 2028. The increase in prevalence of cardiovascular disease among population across the globe is escalating the growth of heart failure drugs market.
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Heart failure refers to complex clinical syndrome having certain signs and symptoms which are result of structural and functional cardiac aberrations. The treatment of this syndrome is dependent on angiotensin-converting enzyme inhibitor, angiotensin receptor II blocker, beta-blockers and diuretics. The heart failure drugs work in various ways in case of heart attack such as ACE inhibitors prevents the formation of angiotensin which causes blood vessels to constrict, angiotensin helps in lowering the effect of angiotensin on the heart and beta blockers block the actions of certain chemicals.
The increase in rate of cardiovascular cases among people and the growing geriatric population globally are the major factors driving the heart failure drugs market. The increase in need of these drugs as they treat different symptoms of the disorder and the dependency of the patients on these drugs accelerates the heart failure drugs market growth. The change in lifestyle such as excessive alcohol consumption, smoking and unhealthy diet habits causes heart problems which is propelling the heart failure drugs market. The increase in investment by key players and the increase in number of research and development activities influence the heart failure drugs market. Additionally, increase in the occurrence of heart problems due to obesity and lack of physical activities boosts the heart failure drugs market. Furthermore, the rise in demand for effective drugs and treatment and products approval extend profitable opportunities to the heart failure drugs market players in the forecast period of 2021 to 2028.
North America dominates the heart failure drugs market because of the rise in the rate of cardiovascular disorders, increasing obesity cases among people and growing healthcare expenditure. Asia-Pacific is expected to witness the highest CAGR in the forecast period of 2021-2028 because of the growing patient pool, initiatives by the government to enhance quality of healthcare, rise in cardiovascular disorder cases and increase in disposable income in the region.
The major players covered in the heart failure drugs market report are Amgen Inc., AstraZeneca, Bayer AG, Novartis AG, Gilead Sciences, Inc, GlaxoSmithKline plc, Pfizer Inc., Teva Pharmaceutical Industries Ltd, Cardurion Pharmaceuticals, Cardior Pharmaceuticals, Actelion Pharmaceuticals Ltd, Boehringer Ingelheim International GmbH, Bristol-Myers Squibb Company, CYTOKINETICS, INC., Eli Lilly and Company, Merck Sharp & Dohme Corp., Quantum Genomics, RENOVA, SERVIER LABORATORIES, Stealth BioTherapeutics Inc., Sanofi, Mylan N.V., Bausch Health Companies Inc. among other domestic and global players.
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