The global cardiovascular therapeutics market size is poised to grow by USD 16.19 billion during 2020-2024, according to a new report by Technavio, progressing at a CAGR of over 4% during the forecast period. Request Free Sample Pages
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Technavio has announced its latest market research report titled global cardiovascular therapeutics market 2020-2024. (Graphic: Business Wire)
Read the 161-page research report with TOC on "Cardiovascular Therapeutics Market Analysis Report by product (Antihypertensive drugs, Hypolipidemic drugs, Antithrombotic drugs, and Other drugs) and geography (North America, Europe, Asia, and ROW) 2020-2024".
The market is driven by the availability of advanced diagnostic methods. Also, the advent of novel oral anticoagulants (NOACs) is anticipated to further boost the growth of the cardiovascular therapeutics market.
The increasing incidence of several cardiovascular diseases has led to the emergence of advanced diagnostic methods in the market. Traditional diagnostic methods utilizing MRA could not diagnose atherosclerosis disease that is present in the vessel wall than in the lumen and may lead to the incorrect diagnosis of patients. The improvement in diagnostic techniques, in terms of technology and high-definition picture quality, provides information about the morphology of the vessel wall, presence of plaque, its size, and its composition. Hence, the availability of advanced diagnostic methods will enable timely diagnosis which in turn will drive the demand for cardiovascular therapeutics during the forecast period.
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Major Five Cardiovascular Therapeutics Companies:
Astellas Pharma Inc.
Astellas Pharma Inc. focuses on the discovery, development, manufacture, and commercialization of therapeutics for the treatment of various indications. The company offers REPATHA, which is a proprotein convertase subtilisin kexin type 9 inhibitor antibody indicated for reducing the risk of myocardial infarction, stroke, and coronary revascularization in adults with cardiovascular diseases.
Eli Lilly and Co.
Eli Lilly and Co. discovers, develops, manufactures, markets, and sells human pharmaceutical products across the world for the endocrinology, oncology, cardiovascular, neuroscience, and immunology areas, as well as other therapeutic areas. The company’s key product offerings include Quinidine gluconate, a class I antiarrhythmic drug used to treat patients with cardiac arrhythmia.
GlaxoSmithKline Plc
GlaxoSmithKline Plc has business operations under three segments, namely pharmaceuticals, consumer healthcare, and vaccines. The company’s key offerings for the treatment of cardiovascular therapeutics include RYTHMOL SR, and DYNACIRC CR.
Johnson & Johnson Services Inc.
Johnson & Johnson Services Inc. operates its business through three segments, which include consumer, pharmaceutical, and medical devices. The company’s key offerings include XARELTO, which is an anticoagulant medication used to treat and prevent blood clots.
Merck & Co. Inc.
Merck & Co. Inc. is engaged in the development of human health pharmaceuticals and vaccine products. The company’s key offerings in the market include LIPTRUZET, ZOCOR, Vytorin, Zetia, Atozet, and Rosuzet.
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Cardiovascular Therapeutics Product Outlook (Revenue, USD Million, 2020-2024)
- Antihypertensive drugs
- Hypolipidemic drugs
- Antithrombotic drugs
- Other drugs
Cardiovascular Therapeutics Regional Outlook (Revenue, USD Million, 2020-2024)
- North America
- Europe
- Asia
- ROW
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