Market Overview
The Global Heart Failure Drugs Market is expected to register a CAGR of 17.79% to reach USD 13,069.75 Million during the review period. Heart failure is considered a chronic disease it causes because of the improper working of heart muscles. In this disease, the heart muscle is unable to pump a sufficient amount of blood to the body’s requirement due to which patient causes fatigue and shortness of breath and sometimes results in a cough.
The increasing prevalence of cardiovascular disorders, rising geriatric population, and the adoption of changing lifestyle habits like unhealthy dietary habits, excessive alcohol consumption, smoking, obesity, and lack of physical activity attribute the growth of the global market. However, a strong pipeline and product approvals are also propelling market growth. Furthermore, the serious side-effects of such drugs can hinder the growth of the global market.
Market Segmentation
The Global Heart Failure Drugs Market has been classified based on, and end-user. The market, by type, has been further segmented into Beta-Blockers, ACE Inhibitors, Angiotensin-Receptor Neprilysin Inhibitors (ARNI), Angiotensin Receptor Blockers (ARBs), Diuretic, and others. The global heart failure drugs market, by end-user, has been categorized as hospitals, specialty centers, and others.
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Regional Analysis
The geographical analysis of global reference check software market spans across North America, Europe, Asia-Pacific, the Middle East, and Africa.
In 2018 the Americas were the largest market for heart failure drugs and it is expected to command the market during the forecast period. The regional market growth is driven by the increasing rate of cardiovascular disorders, increasing healthcare expenditure, and growing obesity cases. Furthermore, the adoption of modern lifestyle habits such as unhealthy dietary habits, regular alcohol consumption, smoking, obesity, and lack of physical workouts are making individuals more susceptible to arrhythmia and heart failure and are driving the market growth.
Europe is anticipated as the second-largest market for heart failure owing to increasing cardiovascular disorders and rising cigarette smoking population. Western Europe, is dominating the regional market.
Asia-Pacific is evaluated to exhibit the fastest-growing market during the review period owing to the increasing patient pool and rising technological advancements. Furthermore the rising per capita expenditure along with government initiatives to enhance the quality of healthcare and rising cardiovascular diseases being the major concern in this region and attributes to the market growth. The Middle East & Africa exhibits the limited growth in the evaluation period, the regional market of heart failure drugs is propelled by increasing obesity issues, rising initiatives by governments to improve patient care, and favorable reimbursement policies.
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Major Players
The key players in the global heart failure drugs market are Amgen Inc. (US), AstraZeneca (UK), Novartis AG (Switzerland), Boehringer Ingelheim International GmbH (Germany), Johnson & Johnson Services, Inc. (UK), Bristol-Myers Squibb Company (US), Merck Sharp & Dohme Corp. (US), Pfizer, Inc. (US), Gilead Sciences, Inc. (California), and others.
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TABLE OF CONTENT
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
5 MARKET FACTOR ANALYSIS
6 GLOBAL HEART FAILURE DRUGS MARKET, BY TREATMENT TYPE
7 GLOBAL HEART FAILURE DRUGS MARKET, BY END USER
8 GLOBAL HEART FAILURE DRUGS MARKET, BY REGION
9 COMPETITIVE LANDSCAPE: GLOBAL HEART FAILURE DRUGS MARKET
10 COMPANY PROFILES
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