The market for cardiomyopathy medication is fundamentally affected by the prevalence of the infection. As cardiomyopathy keeps on influencing a developing number of people internationally, the interest for powerful medications is on the ascent.
With a maturing worldwide population, the frequency of cardiomyopathy will in general increment, as the risk of creating heart-related conditions rises with age. This segment shift is a key market factor, driving the requirement for cutting edge medications taking special care of the older population.
The accessibility and accessibility of healthcare framework assume an urgent part in the cardiomyopathy medication market. Districts with deep rooted healthcare frameworks are bound to observe more popularity for these medications because of better determination and treatment abilities.
Public awareness and training drives in regards to cardiomyopathy assume an urgent part in market growth. Expanded awareness prompts early analysis and treatment, driving the interest for cardiomyopathy medications.
The degree of protection inclusion for cardiomyopathy medications impacts patient access and rationality. Markets with thorough protection inclusion are probably going to encounter more appeal for these medications, adding to market development.
The globalization of drug markets works with the dispersion and accessibility of cardiomyopathy medications around the world. This pattern empowers drug organizations to arrive at a more extensive patient base and grow their market presence.
Creating economies address a huge growth opportunity for the cardiomyopathy medication market. As these markets observer enhancements in healthcare foundation and expanded awareness, the interest for medications rises.
Covered Aspects:
Report Attribute/Metric |
Details |
Growth Rate |
3.67% |
Cardiomyopathy Medication Market Highlights:
Global Cardiomyopathy Medication Market Overview
Cardiomyopathy Medication Market Size was valued at USD 0.50 Billion in 2023. The Global Cardiomyopathy Medication industry is projected to grow from USD 0.51 Billion in 2024 to USD 0.64 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.67% during the forecast period (2024 - 2032).
Cardiomyopathy medication is extensively used in North America and Europe and is fast becoming mainstream in Asia-Pacific.
A growing geriatric population and changing lifestyle habits are contributing to the increased incidence of cardiomyopathy. It is the third major cause of heart failure in the US and affects five in 100,000 adults in the country.
Cardiomyopathy Medication Market Trends
Increase in number of cardiomyopathy cases and need for lifelong medication to manage the condition.
Market Drivers
- Increased prevalence of hypertension, congenital heart abnormalities, and valve disease.
- Rising incidence rate among the growing geriatric population .
- Changes in lifestyle.
- Lifelong medication required to manage the condition.
- Preferred alternative to surgery
- Recent product launches for treatment of hereditary transthyretin-mediated amyloidosis ATTR-CM. For instance, in May 2019, the US Food and Drug Administration (FDA) approved Vyndaqel (tafamidis meglumine) and Vyndamax (tafamidis) for the treatment of ATTR-CM.
Market Restraints
- High costs of cardiomyopathy treatment. The cost can be as high as USD 225,000 per annum per person for uninsured patients.
- Availability of alternative therapies and surgical options.
Cardiomyopathy Medication Market Segment Insights
Cardiomyopathy Medication Type Insights
- Dilated Cardiomyopathy: The largest segment the causes of dilated cardiomyopathy vary from infections to genetic and birth disorders. As of June 2019, an estimated 750,000 people suffered from dilated cardiomyopathy in the US which contributes to the largest share of this segment. A large section of the geriatric population also has dilated cardiomyopathy, requiring prolonged use of medication, thereby driving market growth.
- Hypertrophic Cardiomyopathy: The fastest-growing segment. The growth of the segment is driven by the increasing prevalence of diabetes and thyroid diseases across the globe, which are the two main factors for this type of cardiomyopathy.
- Restrictive Cardiomyopathy: Weakening of the valves and valve damage cause restrictive cardiomyopathy. It is crucial to manage this condition with medication to avoid expensive surgeries. This segment shows growth potential due to the critical nature of the condition.
- Arrhythmogenic Right Ventricular Dysplasia: A relatively rare disorder affecting teens and young adults due to the formation of scar tissue and fatty deposits on the heart muscles; it is one of the leading causes of sudden cardiac arrests in the young section of the population. Lifelong medication is required to manage this condition, which is a driver for the growth of the segment.
- Unclassified Cardiomyopathy: Cardiomyopathy due to other causes, is a niche market segment.
Cardiomyopathy Medication Treatment Insights
- Anticoagulants: This type of medication is used widely for the treatment of cardiomyopathy.
- Antiarrhythmics: This medication is used primarily for the treatment of hypertrophic cardiomyopathy.
- Anti-Hypertensives: Used in conjunction with other drugs to treat cardiomyopathy, this medication is useful in regulating blood pressure. The segment holds the largest market share, by treatment, owing to the widespread use of anti-hypertensives in the treatment of all types of cardiomyopathy.
- Cardiac Glycosides: These drugs strengthen the heart’s ability to pump blood by acting on the cellular sodium-potassium ATPase pump. Very useful for treating cardiomyopathy, especially arrhythmogenic right ventricular dysplasia.
- Diuretics: Excellent for the treatment of restrictive cardiomyopathy, diuretics help in expelling excess water and salts from the body.
Cardiomyopathy Medication End User Insights
- Homecare: The fastest-growing segment due to the chronic nature of cardiomyopathy and the increasing number of elderly individuals who receive care at home. The growth of the segment can also be attributed to reduced treatment costs as well as the increasing access to medication.
- Hospitals and Clinics: The largest segment, hospitals and clinics are still the primary points for the distribution of cardiomyopathy medication. The presence of several hospitals dedicated to cardiology is another factor driving the growth of the segment.
Cardiomyopathy Medication Regional Insights
- Americas: Presently the largest regional market, the prevalence of cardiomyopathy is increasing in the Americas due to a combination of a growing geriatric population, genetics, and environmental factors. Additionally, rising domestic treatment rates backed by reimbursement for drugs in the US are driving market growth in the region.
- Europe: An emphasis on healthy lifestyles and careful medical monitoring ensure fewer cases of cardiomyopathy in Europe as compared to the Americas. However, the prevalence of the disease is rising in the region due to the presence of a large geriatric population.
- Asia-Pacific: The fastest-growing regional market owing to the increasing prevalence of conditions that lead to cardiomyopathy such as hypertension and congenital heart disorders. Expansion of cardiomyopathy medication manufacturers in the region and frequent product launches are likely to bolster market growth in the coming years.
- Middle East & Africa: The population in the Middle East & Africa is genetically predisposed to heart disease, including cardiomyopathy, which is driving the growth of the market.
Cardiomyopathy Medication Market Top Key Players
- Pfizer Inc.
- PhaseBio Pharmaceuticals, Inc.
- Array Biopharma, Inc.
- AstraZeneca
- Sanofi-Aventis US LLC
- Hoffmann-La Roche Ltd
- Merck & Co., Inc.
- Capricor Therapeutics
- MyoKardia
- Janssen Products, LP
- Ionis Pharmaceuticals, Inc.
- Medtronic
- Becton And Dickson & Co.
- Biomerieux
- Teva Pharmaceutical Industries Ltd
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