Cardiovascular Drugs Market: By Disease Type, By Drug Class, By Route of Administration, By Distribution Channel, and Geography
Cardiovascular Drugs Market size was valued at US$ 146.51 billion in 2023 and is poised to grow at a significant CAGR of 4.8% from 2024-2030. Cardiovascular drugs are the medications used in the treatment of various cardiovascular diseases. Cardiovascular diseases (CVD) include coronary artery diseases (CAD), myocardial infarction, angina pectoris, hypertension, cardiomyopathy, congenital heart disease, cardiac arrhythmia, peripheral artery diseases, atherosclerosis, and venous thrombosis among others. Majority of the cardiovascular diseases are preventable with cardiovascular drugs, however, in frequent conditions death may occur due to cardiovascular diseases. Global Market has a tremendous growth rate over the forecast years owing to an increase in the prevalence of various cardiovascular diseases and a rise in R&D activities for the innovation of newer drugs.
According to the World Health Organization 2015, approximately 17.7 Mn deaths occurred due to cardiovascular diseases around the world. Moreover, government support to control the diseases, rise in funding from public and private sectors for R&D activities, and patent expiration of blockbusters are bolster the cardiovascular drugs market. Furthermore, acquisitions and mergers, product approvals, and promising pipeline drugs might upsurge the revenue of the cardiovascular drugs market.
Study Period
2024-2030Base Year
2023CAGR
4.8%Largest Market
North AmericaFastest Growing Market
Europe
Increase in the prevalence of cardiovascular diseases, for instance, according to World health organization 2015, approximately 17.7 Mn people died from cardiovascular diseases around the globe, rise in R&D activities for the innovation of newer cardiovascular drugs, government support to increase the awareness about the cardiovascular diseases and treatment are anticipated to fuel the cardiovascular drugs market. Moreover, change in lifestyle, promising product pipeline, rise in prevalence of obesity, and wider access to cardiovascular drugs in the market are anticipated to propel the market. However, stringent regulatory guidelines for the product approval, high cost of treatment, and adverse effects associated with the medications are hampering the growth of cardiovascular drugs market.
Geographically, Global Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America accounted for significant share owing to increase in the prevalence of cardiovascular diseases (according to centers for Disease Control and Prevention, approximately 610,000 deaths occur due to various heart diseases in U.S. every year) and rise in R&D activities in North America region. Europe exhibiting lucrative growth due to increase in incidences of cardiovascular diseases majorly in Germany, Russia, UK, Ukraine, and Italy. Asia Pacific is growing at notable rate due to increase in geriatric population in India, China, and Japan, rise in medical tourism in Asia Pacific countries, and government support for the prevention of cardiovascular diseases in various countries. Latin America has significant growth which is attributed to increase in prevalence of cardiovascular diseases in Chile, Argentina, and Brazil. Middle East and Africa is growing due to expansion of business by market players, rise in prevalence of cardiovascular diseases, and government support to protect the public health.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 146.51 billion |
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Market CAGR |
4.8% |
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By Indication |
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By Drugs Class |
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By Route of Administration |
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By Distribution Channel |
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By Region |
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The global cardiovascular drugs market size was valued at US$ 146.51 billion in 2023 and is projected to grow at a CAGR of 4.8% from 2024-2030.
The Cardiovascular Drugs Market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The Cardiovascular Drugs Market key players are Capsa Solutions LLC (U.S.), Ergotron, Inc. (Melrose Industries plc) (UK), Enovate Medical (U.S.), Villard (France), Parity Medical (UK), InterMetro Industries Corp. (Emerson Electric) (U.S.), Humanscale Healthcare (U.S.), ITD GmBH (Germany), Compucaddy (U.S.), Advantech Co., Ltd. (China), Bytech Healthcare Ltd. (U.K.)
6. Global Cardiovascular Drugs Market Forecast, By Drug Class, 2019-2023 and Forecast, 2024-2030
7. Global Cardiovascular Drugs Market Forecast, By Route of Administration, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8. Global Cardiovascular Drugs Market Forecast, By Distribution Channel, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
9. Global Cardiovascular Drugs Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
10. North America Cardiovascular Drugs MarketAnalysis,2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
16. Research Methodology
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.
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