Cardiovascular Drugs Market to Surpass 231.64 Billion by 2030 Drives Due to the Innovative Therapies Spark Growth
SkyQuest projects that the cardiovascular drugs market will attain a USD 231.64 billion value by 2030, with a CAGR of 4.52% over the forecast period (2023-2030). The cardiovascular drugs market is witnessing growth due to the introduction of innovative therapies. Novel drugs targeting specific pathways and mechanisms are addressing unmet medical needs, driving market expansion.
Westford, USA, Aug. 30, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, increasing prevalence of cardiovascular diseases worldwide is propelling demand for effective drugs. As lifestyle-related risk factors continue to surge, cardiovascular drugs market for cardiovascular drugs is projected to expand to meet the escalating medical requirements.
Browse in-depth TOC on the “Cardiovascular Drugs Market”
- Pages – 157
- Tables – 64
- Figures – 75
Advances in genomics and personalized medicine are reshaping the cardiovascular drugs landscape. Tailored treatment approaches based on patients’ genetic profiles are influencing drug development strategies, leading to a more precise and effective therapeutic arsenal for cardiovascular conditions.
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Prominent Players in the Cardiovascular Drugs Market
- Pfizer Inc.
- Novartis AG
- AstraZeneca PLC
- Merck & Co., Inc.
- Sanofi S.A.
- Bristol-Myers Squibb Company
- Boehringer Ingelheim GmbH
- Bayer AG
- Abbott Laboratories
- Johnson & Johnson
- Eli Lilly and Company
- Amgen Inc.
- Teva Pharmaceutical Industries Ltd.
- Daiichi Sankyo Company, Limited
- Gilead Sciences, Inc.
- GlaxoSmithKline plc
- Mylan N.V.
- Takeda Pharmaceutical Company Limited
- Astellas Pharma Inc.
- AbbVie Inc.
Antihyperlipidemic Segment is Expected to Grow the Market Due to Cholesterol Levels Escalate
The antihyperlipidemic ginger beer segment is rapidly gaining traction. As concerns about cholesterol levels escalate, consumers are seeking functional beverages that aid in lipid management. This dynamic demand for heart-healthy options is propelling the fast growth of antihyperlipidemic ginger beers in the market.
North America emerges as a dominant market for cardiovascular drugs due to high healthcare expenditure, advanced research infrastructure, and rising cardiovascular disease rates. Robust pharmaceutical advancements and widespread awareness programs contribute to the region’s leadership in cardiovascular care.
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Antihypertensive Segment is Expected to Dominate the Market Due to Health Consciousness
The antihypertensive segment holds a commanding position in the ginger beer market. With increasing health consciousness, demand for beverages offering potential blood pressure benefits is rising. Ginger’s natural vasodilatory properties position antihypertensive ginger beers as a favored choice among health-aware consumers.
Regional markets in the Asia Pacific region exhibits fast growth in the cardiovascular drugs market. Escalating urbanization, changing lifestyles, and an expanding aging population contribute to a surge in cardiovascular disease cases, fostering a burgeoning demand for innovative treatments and driving the market’s rapid expansion.
A comprehensive analysis of the major players in the cardiovascular drugs market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavors to develop innovative solutions to cater to the growing demand.
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Key Developments in the Cardiovascular Drugs Market
- In April 2023, a leading nutraceutical company acquired a ginger extraction technology firm, enhancing its capabilities to produce high-quality ginger-based supplements with potential cardiovascular benefits.
- In June 2023, a beverage industry leader announced a partnership with a renowned medical association to raise awareness about the role of diet in preventing heart disease. This collaborative effort includes educational campaigns and the launch of heart-healthy ginger beverage variants.
Key Questions Answered in Cardiovascular Drugs Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the global market, and how these differences shape the market’s future growth?
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SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
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