Angina Pectoris Drugs Global Market Outlook 2023-2032: Size And Growth Rate Analysis
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The global angina pectoris drugs market is poised for significant growth, with the market size expected to increase from $11.20 billion in 2022 to $11.82 billion in 2023 at a Compound Annual Growth Rate (CAGR) of 5.5%. The momentum is expected to persist, reaching $14.50 billion in 2027 at a CAGR of 5.2%.
- Robust Growth Projection: Anticipated expansion underscores the vital role of angina pectoris drugs in addressing a prevalent cardiovascular condition.
The Driving Force: Chronic Angina Pectoris
The escalating prevalence of chronic angina pectoris emerges as a primary catalyst propelling the angina pectoris drug market forward. Chronic angina pectoris, characterized by chest pain or discomfort due to reduced blood flow to the heart muscle, affects millions globally.
- Alarming Statistics: According to the Centers for Disease Control and Prevention, coronary heart disease claimed the lives of approximately 375,476 people in 2021, with one in every twenty individuals aged 20 and over affected. Furthermore, over 10 million people in the United States are impacted by angina, with more than 500,000 new diagnoses each year.
Industry Titans: Leaders in Angina Pectoris Drugs
Major players shape the landscape of the angina pectoris drugs market, contributing significantly to its growth and development. Recognizable names include Astellas Pharma Inc., Bayer AG, Novartis AG, AstraZeneca Plc, and Amgen Inc.
- Key Market Players: Other influential contributors encompass Gilead Sciences Inc., Bausch Health Companies Inc., Merck & Co. Inc., Eli Lilly and Company, Otsuka Pharmaceutical Co. Ltd., Pfizer Inc., Teva Pharmaceutical Industries Ltd., Abbott Laboratories, AbbVie Inc., Sun Pharmaceutical Industries Limited, and F. Hoffmann-La Roche AG.
Innovating for Impact
Innovation emerges as a pivotal trend in the angina pectoris drugs market, with major companies investing in research and development to introduce groundbreaking solutions. Hikma Pharmaceuticals plc, a UK-based pharmaceutical company, exemplifies this trend with the launch of Labetalol Hydrochloride Injection, USP.
- Groundbreaking Solution: This prefilled syringe, authorized by the US Food and Drug Administration, harnesses new technologies. The 10 mg/2 mL PFS is employed in hospitals to treat severe hypertension and lower blood pressure, showcasing the industry’s commitment to innovation.
Market Segmentation: Understanding the Diversity
The global angina pectoris drugs market boasts a diverse segmentation, providing insights into the multifaceted nature of the industry.
- By Drugs:
- Nitrates
- Antiplatelet Agents
- Beta-adrenergic Blocking Agents
- Calcium Channel Blockers
- Anti-ischemic Agents
- Statins
- Antihypertensive Agents
- Other Drugs
- By Indication:
- Stable Angina
- Unstable Angina
- Prinzmetal’s Angina
- By Route of Administration:
- Oral
- Parenteral
- Transdermal
- Other Route Of Administrations
- By End User:
- Hospitals
- Homecare
- Specialty Clinics
- Other End Users
Regional Dynamics: North America Leads, Asia-Pacific Surges Ahead
In 2022, North America established itself as the largest region in the angina pectoris drugs market. However, the forecast indicates a shift, with Asia-Pacific emerging as the fastest-growing region.
- North America’s Dominance: The region’s advanced healthcare infrastructure and awareness contribute to its leadership position.
- Asia-Pacific’s Ascendance: With a rising prevalence of chronic conditions and a focus on healthcare, Asia-Pacific is poised for significant growth in the angina pectoris drugs market.
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