Tanzania Cardiovascular Diseases Therapeutics Market Analysis

Tanzania Cardiovascular Diseases Therapeutics Market Analysis

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The Tanzania cardiovascular disease therapeutics market is expected to witness growth from $65 Mn in 2022 to $121 Mn in 2030 with a CAGR of 8.12% for the forecasted year 2022-2030. due to the increased prevalence of cardiovascular diseases as a result of lifestyle changes in Tanzania. Further, the government initiatives to promote cardiovascular health awareness in Tanzania have resulted in market expansion. The Tanzania cardiovascular disease therapeutics market is segmented by disease indication, drug type, route of administration, drug classification, mode of purchase, and by the end user. Tanga Pharmaceuticals, Nashukuru Pharma, and Sanofi are the major players in the Tanzania cardiovascular disease therapeutics market.

ID: IN10TZPH033 CATEGORY: Pharmaceuticals GEOGRAPHY: Tanzania AUTHOR: Dr. Parul Choudhary

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Tanzania Cardiovascular Disease Therapeutics Market Executive Analysis

The Tanzania cardiovascular disease therapeutics market is at around $65 Mn in 2022 and is projected to reach $121 Mn in 2030, exhibiting a CAGR of 8.12% during the forecast period. Tanzania's healthcare industry is expected to generate $15.26 Mn in revenue by 2023. A projected market volume of $22.24 Mn by 2027 is the outcome of revenue growing at a projected annual rate of 9.87% (CAGR 2023–2027). Tanzania has a weak healthcare infrastructure, limited resources, and high rates of maternal and infant mortality, HIV/AIDS, pneumonia, and malaria. The populace of Tanzania also has some of the lowest rates of worldwide access to medical professionals.

The most prevalent cardiovascular-related diseases in Tanzania were hypertensive heart disease (41%), valvular heart diseases (18%), coronary heart diseases (18%), peripartum cardiomyopathy (7%), non-hypertensive dilated cardiomyopathies (6%) in adults, and congenital heart disease (34%) in children. Adults aged 25 to 64 years are particularly impacted by cardiovascular diseases, which account for 13% of all NCD-related deaths in Tanzania. Tanzanian males died at a higher rate than women due to age-standardized CVD mortality rates. Blood clots are prevented from developing in the body by warfarin. If the body is producing blood clots or if there is a health issue that contributes to their formation. Vasodilators ease blood movement through your body by relaxing the blood vessels. If diet and statin therapy are not working, there is a novel class of cholesterol-lowering medications called proprotein convertase subtilisin kexin type 9 (PCSK9) inhibitors. They stop the activity of PCSK9, a liver enzyme. The liver's capacity to eliminate LDL (bad) cholesterol is hampered by that protein. An injured or weakened heart can pump more forcefully with the aid of inotropic treatment. It aids in making the cardiac muscle's contractions stronger when given intravenously. Additionally, it relaxes tightened blood arteries to improve blood flow. The rhythm of the heart may also quicken with inotropic treatment.

Tanzania Cardiovascular Disease Therapeutics Market Analysis

Market Dynamics

Market Growth Drivers

Tanzania is experiencing an increase in the prevalence of cardiovascular disease as a result of a number of variables, including sedentary lifestyles, unhealthy diets, and rising obesity rates. Consequently, there is an increasing need for efficient therapeutics to control and cure the disease. In order to tackle cardiovascular disease, the Tanzanian government has started a number of programs, including public awareness campaigns, initiatives to encourage healthy lifestyles, and enhancements to healthcare services. The demand for Tanzania's cardiovascular disease therapeutics market is anticipated to rise as a result of these efforts.

Market Restraints

In Tanzania, many people still do not have access to fundamental medical care, which includes cardiovascular disease diagnosis and therapy. This may reduce the desire for treatments for cardiovascular disease. Tanzania's healthcare infrastructure is still being developed and has very few resources and facilities. The distribution and administration of therapeutics for cardiovascular illness may become challenging as a result. Tanzania has little funding for cardiovascular disease therapeutic research and development, which can impede the creation of novel drugs and restrain the expansion of the Tanzania cardiovascular disease therapeutics market.

Competitive Landscape

Key Players

  • Salama Pharmaceuticals (TZA)
  • Shelys Pharmaceutical (TZA)
  • Zenufa Laboratories (TZA)
  • Tanga Pharmaceuticals (TZA)
  • Nashukuru Pharma (TZA)
  • Sanofi
  • Pfizer
  • Eli Lilly
  • Sanofi
  • Bayer
  • Bristol-Myers Squibb
  • Daiichi Sankyo

Healthcare Policies and Regulatory Landscape

The National Health Insurance Fund (NHIF) is Tanzania's primary source of health insurance protection. The diagnosis and treatment of cardiovascular disease are among the medical treatments that are covered by the NHIF. However, the particular plan and package that the person is enrolled in may affect the coverage for cardiovascular disease. The NHIF reimburses healthcare providers for services provided in accordance with a predetermined fee schedule on a fee-for-service basis. Additionally, the NHIF provides healthcare providers with capitation payments, which are set monthly sums paid for each enrolled person independent of the services received. In Tanzania, there are a number of private health insurance providers in addition to the NHIF that handle cardiovascular disease. These private insurance providers frequently provide more thorough coverage for cardiovascular illness and may cover more expensive treatments like heart surgeries. However, many Tanzanians still encounter financial obstacles to getting healthcare services, including treatment for cardiovascular disease, despite the availability of health insurance coverage. Healthcare out-of-pocket costs can be expensive, especially for those without health insurance coverage.

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 Overview Product Applications and Services Recent Developments Partnerships Ecosystem 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 Disease Therapeutics Segmentation

By Disease Indication (Revenue, USD Billion):

  • Hypertension
  • Coronary Artery Disease
  • Hyperlipidaemia
  • Arrhythmia
  • Others

By Drug Type (Revenue, USD Billion):

  • Antihypertensive
  • Anticoagulants
  • Antihyperlipidemic
  • Antiplatelet Drugs
  • Others

By Route of Administration (Revenue, USD Billion):

  • Oral
  • Parenteral
  • Others

By Drug Classification (Revenue, USD Billion):

  • Branded Drugs
  • Generic Drugs

By Mode of Purchase (Revenue, USD Billion):

  • Prescription-Based Drugs
  • Over-The-Counter Drugs

By End Users (Revenue, USD Billion):

  • Hospital Pharmacies
  • Online Pharmacies
  • Retail 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

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Last updated on: 06 April 2023
Updated by: Ritu Baliya

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