What is the global market size of Cardiovascular Drugs Market?

Global Cardiovascular Drugs Market size was valued at USD 155.6 billion in 2021 and is poised to grow from USD 162.63 billion in 2022 to USD 231.64 billion by 2030, growing at a CAGR of 4.52% in the forecast period (2023-2030).

Who are the key vendors in the Global Cardiovascular Drugs Market?

Global cardiovascular drugs market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global 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.'

Cardiovascular Drugs Market Size, Share, Growth Analysis, By Drug Type (Antihypertensive, Anticoagulants), By Disease Indication (Hypertension, Coronary Artery Disease), By Route of Administration (Oral, Parenteral), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies), By Region - Industry Forecast 2025-2032

Report ID: SQMIG35D2041 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 64 | Figures: 75

Cardiovascular Drugs Market Dynamics

Driver

Increased Incidence of Cardiovascular Diseases

According to WHO, 60% to 85% of the population is sedentary. According to the CDC, approximately 31 million Americans over the age of 50 lead a sedentary lifestyle, and only one in four US adults receive recommended physical activity. This factor increases market growth.

Increasing FDA approvals

Product approvals are expected to increase market growth in the future. For example, in May 2022, a subsidiary of Zydus Life sciences Limited entered the U.S. to market Selexipag tablets, used to treat pulmonary arterial hypertension (PAH) in adults received provisional approval from FDA. Additionally, in February 2022, the FDA approved Norliqva (amlodipine) oral solution to treat high blood pressure, lower blood pressure, and coronary artery disease in adults and children 6 years of age and older.

Restraint

Lack of skilled professionals

However, strict drug approval process and side effects of some cardiovascular drugs hamper the growth of global cardiovascular drugs market.

Cardiovascular Drugs Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Cardiovascular Drugs Market size was valued at USD 148.3 billion in 2022 and is poised to grow from USD 154.3 billion in 2023 to USD 209.0 billion by 2031, growing at a CAGR of 3.9% during the forecast period (2024-2031).

Global cardiovascular drugs market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global cardiovascular drugs market. 'Bristol-Myers Squibb Company ', 'Bayer AG ', 'Pfizer Inc. ', 'Johnson & Johnson ', 'Novartis AG ', 'Merck & Co. ', 'AstraZeneca ', 'Sanofi S.A. ', 'Gilead Sciences, Inc. ', 'Viatris ', 'AMGen ', 'United Therapeutics ', 'Daiichi Sankyo Co Ltd ', 'F. Hoffmann-La Roche AG ', 'Boehringer Ingelheim GmbH ', 'Abbott Laboratories ', 'Eli Lilly and Company ', 'GlaxoSmithKline plc ', 'Takeda Pharmaceutical Company Limited ', 'Astellas Pharma Inc. '

According to WHO, 60% to 85% of the population is sedentary. According to the CDC, approximately 31 million Americans over the age of 50 lead a sedentary lifestyle, and only one in four US adults receive recommended physical activity. This factor increases market growth.

Obesity and high cholesterol levels increase the risk of cardiovascular disease. The use of emergency medicine is commonly seen in hospitals, which has shown great potential for market growth. A large number of patients receive personal care for chronic conditions, which proves to be a steady seller for the market and continues to generate revenue returns. The use of cardiovascular drugs has also increased the prevalence of hypertension. There is a high demand for blood thinners in the market due to the increasing incidence of cardiovascular diseases. The increasing life expectancy of the elderly population has increased the demand for cardiovascular drugs. The increasing prevalence of cardiovascular disease in children has boosted the sales of these emergency drugs. Hypertensive drugs are difficult to discontinue, which helps maintain supply and demand.

On the basis of region, global cardiovascular drugs market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. North America has witnessed the highest growth in the global cardiovascular drugs market due to the high prevalence of cardiovascular disorders in the population. Due to increasing industrialization and the popularity of fast food, the prevalence of high blood pressure and other heart diseases has increased. People's sedentary lifestyle choices, along with poor eating habits, have increased the risk of cardiovascular disease, increasing the demand for these treatments.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Cardiovascular Drugs Market Dynamics

Cardiovascular Drugs Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Cardiovascular Drugs Market?

Who are the key vendors in the Cardiovascular Drugs Market?

What is the key driver of Cardiovascular Drugs Market?

What is the key market trend for Cardiovascular Drugs Market?

Which region accounted for the largest share in Cardiovascular Drugs Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300