Refractory Angina Market: Overview
Refractory angina refers to a debilitating cardiovascular condition characterized by the inability of arteries to supply the desired volume of blood to the heart. The condition is not amenable to traditional revascularization procedures and often shows poor response to conventional medical therapies. It is estimated that nearly 1,000,000 people in the U.S. alone have refractory angina and 25,000 – 75,000 new cases are diagnosed every year. Globally, the prevalence of refractory angina is more than two mn people and is significantly rising.
As the prevalence of this diseases rises globally, the focus of the medical fraternity and the number of research activities aimed at the development of newer drug varieties and efficient therapies to treat this disease population are also significantly increasing. As a result, several novel therapies for the treatment of refractory angina are available in the global market and several new varieties are expected to be introduced in the near future.
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Patients with refractory angina have consistent symptoms such as shortness of breath, chest pain, and easy fatigability, leading to the patient’s inability to perform ordinary physical activities. Additionally, a large number of patients may also develop a number of other associated diseases such as diffuse coronary arteries disease or multiple distal coronary stenosis, which ultimately lead to impairment in quality of life and increases the rate of morbidity.
This report on the global refractory angina market presents a thorough overview of the present state of the market in terms of criteria such as available drug varieties, diagnostic methods, treatment modalities, and the future scope of development across these areas. The report gives a detailed overview of the factors expected to drive, restrain, and influence the overall development of the market over the forecast period.
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Refractory Angina Market: Drivers and Restraints
The increased focus of public and private bodies on the rising prevalence of this condition across several countries has led to an encouraging rise in development activities across healthcare infrastructures in developing economies across regions such as Latin America and Asia Pacific. Increased expenditure on healthcare and fitness and easy availability of several effective treatment methods across these economies are collectively driving the global refractory angina market. In developed regions such as North America and Europe, the market is driven due to the high awareness about available treatment modalities and rapid introduction of novel treatment methods.
However, most of the available therapies have failed to improve the quality of life of patients in terms of finding a permanent solution. The negative public sentiments regarding these treatment methods could act as a restraint for the overall growth prospects of the market in the near future. Nevertheless, gene-based therapies, some of which are undergoing clinical trials, could present lucrative growth opportunities for the market in the next few years.
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Refractory Angina Market: Segmentation
The available treatment methods for refractory angina in the market can be broadly segmented into three segments: invasive therapies, noninvasive non-pharmacological therapies, and pharmacological therapies. The segment of pharmacological treatment comprises drugs such as Estrogen, Nicorandil, Ivabradine, Ranolazine, and L-arginine. The segment of noninvasive non-pharmacological treatment includes therapies such as enhanced external counterpulsation (EECP) and Transcutaneous Electrical Nerve Stimulation (TENS).
Refractory Angina Market: Companies Mentioned in the Report
Some of the key players operating in the global market for refractory angina are Ark Therapeutics Group plc, Neovasc Inc., Saneron CCEL Therapeutics, Inc., Vasomedical, Inc, and Cryopraxis.
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