Global Congestive Heart Failure Drugs Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Therapeutic Class;

Late Stage, Pipeline and Molecules.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn308021378 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Congestive Heart Failure Drugs Market (USD Million), 2020 - 2030

In the year 2023, the Global Congestive Heart Failure Drugs Market was valued at USD 7,636.96 million. The size of this market is expected to increase to USD 15,955.81 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 11.1%.

Pharmacological advancements are revolutionizing the treatment landscape for chronic heart failure (CHF), with recent product approvals and launches offering promising options for patients. Notably, in February 2022, the FDA greenlit Boehringer Ingelheim's Jardiance (empagliflozin) for reducing the risk of cardiovascular death and hospitalization among adults. Such approvals signal a significant step forward in addressing the complexities of CHF treatment, driving growth in the market.

Rising research and development activities and a robust clinical pipeline underscore the competitive dynamics within the CHF therapeutics market. For instance, the FDA's acceptance of the New Drug Application (NDA) for Cytokinetics' Omecamtiv Mecarbil, a selective cardiac myosin activator, highlights the ongoing efforts to develop novel treatment modalities for improving heart failure outcomes. Other drugs in clinical trials, including Furoscix infusor, CardiAMP cell therapy, and semaglutide, among others, further exemplify the diverse therapeutic approaches being explored.

Additionally, the escalating prevalence of chronic conditions such as diabetes and obesity is fueling the CHF burden worldwide. Research studies linking CHF with diabetes highlight the interplay between these comorbidities, with around 35% of CHF patients also diagnosed with diabetes mellitus. This intertwined relationship underscores the importance of addressing underlying risk factors to effectively manage CHF and its associated complications.

While the COVID-19 pandemic posed challenges to the clinical trial landscape and disrupted healthcare access, the market has since rebounded, with stability returning post the initial upheaval in 2020. Despite temporary setbacks, the resilience of the CHF therapeutics market remains evident, with continued advancements and innovations poised to drive growth and improve patient outcomes in the years ahead.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Therapeutic Class
    2. Market Snapshot, By Region
  4. Global Congestive Heart Failure Drugs Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Aging Population
        2. Rising Chronic Disease Burden
        3. Regulatory Approvals and Drug Pipeline
        4. Increasing Healthcare Expenditure
        5. Patient Education and Awareness Initiatives
      2. Restraints
        1. Healthcare Infrastructure
        2. Limited Treatment Options
        3. Adverse Effects
        4. High Development Costs
        5. Patent Expiry
      3. Opportunities
        1. Pharmacological Innovations
        2. Post-Pandemic Recovery
        3. Rising Disease Burden
        4. Expansive Clinical Pipeline
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Congestive Heart Failure Drugs Market, By Therapeutic Class, 2022 - 2032 (USD Million)
      1. Late Stage
      2. Pipeline
      3. Molecules
    2. Global Congestive Heart Failure Drugs Market, By Geography, 2022 - 2032 (USD Million)
      1. North America

        1. United States

        2. Canada

      2. Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Nordic

        7. Benelux

        8. Rest of Europe

      3. Asia Pacific

        1. Japan

        2. China

        3. India

        4. Australia & New Zealand

        5. South Korea

        6. ASEAN (Association of South East Asian Countries)

        7. Rest of Asia Pacific

      4. Middle East & Africa

        1. GCC

        2. Israel

        3. South Africa

        4. Rest of Middle East & Africa

      5. Latin America

        1. Brazil

        2. Mexico

        3. Argentina

        4. Rest of Latin America

  6. Competitive Landscape
    1. Company Profiles
      1. AstraZeneca Plc
      2. Bristol-Myers Squibb Co.
      3. GlaxoSmithKline
      4. Merck & Co. Inc.
      5. Mylan
      6. Novartis AG
      7. Pfizer
      8. Sanofi SA
      9. Valeant Pharmaceuticals International
  7. Analyst Views
  8. Future Outlook of the Market

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