The Cardiovascular Drug Market far-reaching research study offers a 360-degree analysis of the market crosswise over different unequivocal elements, including market share by segmentation type, market cost analysis, market effect factors, and marketing strategy and promoting methodology.
Cardiovascular Diseases term defines the abnormal condition of heart and vessels that circulates blood in whole body. Cardiovascular diseases includes heart attack, stroke, heart failure, coronary artery disease, angina, carditis, valvular heart disease, aortic aneurysms, thromboembolic disease, hypertensive heart disease, heart arrhythmia, , rheumatic heart disease, peripheral heart disease and many more. These diseases are mainly caused owing to lack of exercise, obesity, high blood pressure, extreme intake of alcohol, smoking, poor diet and consumption of junk food. High amount of cholesterol, increase in aging population is another key factor resulting into cardiovascular diseases.
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Market Growth Factors:
The increased prevalence of diabetic and obese people, poor diet habits, high incidences of cardiovascular disease and supportive government initiative are vital factor driving the global cardiovascular drug market. Nonetheless stringent guidelines and regulation followed by the FDA do not grant new market players to enter the market effortlessly. In addition chances of getting converted as drug passing all the clinical trials are very low hindering the market growth.
The global cardiovascular drug market is segmented on the basis of drugs into anti-hypertensive drugs, hypolipidemics, anti-thrombotic drugs and other drugs. Most commonly used anti-hypertensive drugs include calcium channel blockers, ACE inhibitors, beta blockers and angiotensin two receptor antagonists and hypolipidemic drugs include bile acid binding resins and fibric acid derivatives. At present anti-hypertensive drug market accounts for the largest market share owing to the presence of multibillion drugs such as Benicar and Diovan brands. Anti-thrombotic drugs segment is anticipated to witness the highest growth in market. Traditionally used anticoagulants such as warfarin and heparin are getting replaced by Novel Oral anti-coagulants and getting widely acceptance as they do need medical assistance for administration purpose. Measure NOACs include Eliquis, Pradaxa, and Xarelto. Considering Distribution channel the global cardiovascular drug market is divided into three segments. Retail pharmacies, hospital pharmacies and online pharmacies. Key aspects such as emergency department visits and high occurrence of hospital visits for cardiovascular treatment are contributing to the growth of hospital pharmacy segment.
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Regional segmentation of the global cardiovascular drug market comprises of North America, Europe, Asia-Pacific, and LAMEA.
• North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o South Africa
o Rest of the LAMEA
North America is dictating the global cardiovascular drug market owing to high awareness regarding heart diseases in this region particularly in U.S. followed by Canada. Countries like the U.K Spain, Italy, Germany and France accounts for major share of the cardiovascular drug market. However Asia-Pacific is expected to grow in upcoming years. The major factor that will attribute the growth of APCK market include increasing population suffering from cardiac disease, poor lifestyle, high number of obese and diabetic patient, new drugs under pipeline and awareness among people will boost the market growth.
The prominent players contributing to the global cardiovascular drug market are Merck & Co., Sanofi, Pfizer, Medicure Inc., Bristol-Myers Squibb Company, Novartis AG, Eli Lilly, Johnson & Johnson, AstraZeneca PLC, Abbott Laboratories Inc., Bayer AG, F. Hoffmann-La Roche Ltd.,
The key market players are focusing on consolidation activities such as mergers and acquisitions to improve their market share and establish strong foothold within the market. For instance, lately in December 14, 2017 Medicure International Inc. pharmaceutical company based in Canada through its subsidiary has acquired exclusive licence for selling and marketing branded cardiovascular drug in the region of United States and its territories against the treatment of mixed dyslipidemia and primary hyperlipidemia for long 7 years with extension to the term available. Recently Takeda Pharmaceutical Company Limited and Cardurion Pharmaceuticals established partnership for the creation of next generation products in treatment of heart failure and cardiovascular diseases.
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