Global Cardiovascular Drugs Market Analysis

Global Cardiovascular Drugs Market Analysis


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The global cardiovascular drug market size is at around $55.32 Bn in 2022 and is projected to reach $78.791 Bn in 2030, exhibiting a CAGR of 4.52% during the forecast period. The rising public awareness of cardiovascular health and the associated rise in product introductions are two major factors contributing to the growth of the Global market for cardiovascular medications. Some of the biggest cardiovascular drug companies in the world are Pfizer Inc., Gilead Sciences, Inc., Bristol-Myers Squibb Company, and Novartis AG.

ID: IN10GLPH007 CATEGORY: Pharmaceuticals GEOGRAPHY: Global

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Global Cardiovascular Drugs Market Executive Summary

The global cardiovascular drug market size is at around $55.32 Bn in 2022 and is projected to reach $78.791 Bn in 2030, exhibiting a CAGR of 4.52% during the forecast period.

The world has achieved significant progress in terms of health during the 20th century. Immunization programs around the world, combined with antenatal care for women, have resulted in significant advancements in healthcare. The advancements in health care over the last 50 years have been amazing; worldwide life expectancy has risen faster in this time than it has in the previous 5,000 years.

The global healthcare industry continues to rise to the new challenges posed by the ongoing pandemic, which continues to consume the attention and resources of healthcare systems worldwide. They are continuing to improve their workforce's human experience by changing what, how, and where work is done, rapidly scaling virtual health services for patients, and forming partnerships to create and purchase the necessary vaccines, treatments, and supplies. Simultaneously, they continue to address the growing importance of healthcare disparities, sustainability, and the environment.

The pharmaceutical industry is responsible for the research, development, production, and distribution of medications. Pharma revenues worldwide reached $1420 Bn in 2021 due to the market's rapid growth over the previous two decades. With the introduction of new technology as well as more economical and effective manufacturing techniques, the pharmaceutical industry has experienced a significant transition. Additionally, the market growth has been positively driven by rising investment flow in this sector.

Critical and life-threatening diseases are more prevalent than ever in this day and age all across the world. Cardiovascular diseases are one of these serious illnesses, and their frequency has been steadily rising worldwide, thanks in large part to changes in modern lifestyle. Heart and blood vessel abnormalities, in particular, as well as potentially fatal ailments including coronary heart disease, high blood pressure, and hyperlipidemia, are included in the category of cardiovascular diseases. Conditions like myocardial infarction can be caused by cardiovascular disorders. Heart attacks and strokes, for example, Heart attacks and strokes are responsible for four out of every five fatalities from cardiovascular disease (CVD), according to the World Health Organization (WHO).

global cardiovascular drugs market analysis

Market Dynamics

Market Growth Drivers

The rising public awareness of cardiovascular health and the associated rise in product introductions are two major factors contributing to the growth of the Global market for cardiovascular medications. Cardiovascular therapy involves a multifaceted strategy that could result in the prescription of many types of drugs. A number of significant industry leaders have released a number of cutting-edge medications that address the various therapeutic requirements for cardiovascular disorders.

Market Restraints

The expansion of the global market for cardiovascular medications is hampered by strict restrictions and the negative effects of the drugs. The global market for cardiovascular pharmaceuticals is further constrained by the patent expiration of several popular blockbuster medications. The global market for cardiovascular medications is characterized by an increase in product releases and mergers and acquisitions between drug-manufacturing businesses.

Competitive Landscape

Key Players

The biggest cardiovascular drug companies in the world are

  • Pfizer Inc.
  • Gilead Sciences, Inc.
  • Bristol-Myers Squibb Company
  • Novartis AG
  • Bayer AG
  • AstraZeneca
  • Sanofi
  • Janssen Pharmaceuticals, Inc.
  • Merck & Co., Inc.
  • F. Hoffmann-La Roche Ltd
  • Others

Regional Analysis

North America brought in USD 21.89 billion in sales in 2018 and is expected to take the lead in the worldwide market over the next years. The region's market for cardiovascular medications will develop as a result of the high prevalence of cardiovascular disorders and the introduction of new products everywhere. In addition, rising research and development initiatives, elevated risk factors including diabetes in the general population, and increased awareness are anticipated to propel the market in North America during the forecast period.

The market value is anticipated to increase at the fastest rate in the Asia Pacific. There is more awareness of cardiovascular problems as a result of rising disposable incomes in the area. The region's cardiovascular therapies market is expected to increase as a result of the rising prevalence of cardiovascular illnesses in the key nations in the region and their status as the region's leading cause of mortality.

On the other hand, Europe is anticipated to have significant market expansion due to the fact that cardiovascular disease accounts for more than half of all fatalities there. The UK, France, and Germany are among the high-growth nations that will help the European market expand. Due to the rising frequency of cardiovascular disorders, it is projected that the Latin American market for cardiovascular medications will experience rapid expansion. Due to the increased frequency of cardiovascular disorders, the Middle East and Africa are anticipated to experience stable growth in the coming years.

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Cardiovascular Drug Market Segmentation

The Cardiovascular Drug Market is segmented as mentioned below:

By Drug Type (Revenue, USD Billion):

  • Cephalosporins
  • Antihypertensive
  • Antihyperlipidemic
  • Anticoagulants
  • Antiplatelet Drug
  • Other

By Disease Indication (Revenue, USD Billion):

  • Hypertension
  • Hyperlipidemia
  • Coronary Artery Disease
  • Arrhythmia
  • Others

By Distribution Channel (Revenue, USD Billion):

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Others

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

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Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 27 September 2023
Updated by: Anish Swaminathan

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