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Merck & Company NYSE: MRK-N

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Cardiovascular Drugs Global Market Report 2021: COVID 19 Impact and Recovery to 2030

GlobeNewswire - Tue Mar 2, 7:40AM CST

Reportlinker.com announces the release of the report "Cardiovascular Drugs Global Market Report 2021: COVID 19 Impact and Recovery to 2030" - https://www.reportlinker.com/p06027734/?utm_source=GNW

79 billion in 2020 to $92.41 billion in 2021 at a compound annual growth rate (CAGR) of 5.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $107.77 billion in 2025 at a CAGR of 4%.

The cardiovascular drugs market consists of sales of cardiovascular drugs by entities (organizations, sole traders and partnerships) that produce cardiovascular drugs to treat cardiovascular diseases.This industry includes establishments that produce anti-hypertensive drugs to prevent heart failure by controlling blood pressure and hypolipidemic drugs that reduce lipid and lipoprotein levels in the blood.

It also consists of establishments which produce antithrombotic drugs to treat arterial and venous thrombosis. The cardiovascular drugs market is segmented into anti-hypertensive drugs; hypolipidemics; anti thrombotics; and other drugs for cardiovascular diseases (congestive heart failure, anti-arrhythmic and anti-anginal drugs).

Asia Pacific was the largest region in the global cardiovascular drugs market, accounting for 40% of the market in 2020.North America was the second largest region accounting for 27% of the global cardiovascular drugs market.

Africa was the smallest region in the global cardiovascular drugs market.

NOACs are gaining wider acceptance and are replacing traditionally used anti-coagulants such as Warfarin and Heparin.Anti-coagulants have long been used in prevention of thrombus formation in patients suffering with cardiovascular diseases.

Use of NOACs makes it easier for patients to continue therapy post discharge as opposed to injections of Heparin and Warfarin which need medical assistance for administration. Some of the NOACs include Pradaxa (dabigatran etexilate) from Boehringer Ingelheim, Xarelto (rivaroxaban) from Janssen, and Eliquis (apixaban) from Bristol-Myers Squibb.

High costs associated with drugs is a major issue faced by citizens of many countries.Pressure to contain costs and demonstrate value is widespread.

Political uncertainty and persistent economic stress in numerous countries are calling into question the sustainability of public health care funding.In less wealthy countries, lack of cost-effective drugs has influenced the health conditions of the population and has led to a low average life expectancy.

As a result, in countries such as Chad, Macedonia, Serbia, the pharmaceutical companies are faced with the pressure of reducing the price of drugs. The high costs associated with drugs are putting pressure on the revenues of cardiovascular drugs manufacturers.

The rise in sedentary jobs, busy lifestyles and changing consumer preferences are affecting the disease profile of the world population, especially non-communicable diseases such as cancer, diabetes and cardiovascular diseases.Long working hours, less physical activity, and unhealthy eating and drinking habits are major causes of cardiovascular diseases including hypertension.

According to the World Health Organization, chronic disease prevalence is expected to rise by 57% globally, by the year 2020. These factors are expected to increase the patient pool globally, thereby driving the cardiovascular drugs market during the forecast period.

Read the full report: https://www.reportlinker.com/p06027734/?utm_source=GNW

About Reportlinker

ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

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Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001

Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001

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