Atherosclerosis Drugs Market Pegged for Robust Expansion by 2027April 9, 2021
Atherosclerosis Drugs Market: Introduction
Transparency Market Research has published a new report on the atherosclerosis drugs market. According to the report, the global atherosclerosis drugs market was valued at ~US$ 45.7 Bn in 2018, and is expected to expand at a CAGR of 2.5% during the forecast period of 2019 to 2027.
Atherosclerosis is one of the major causes of cardiovascular diseases, and some causative comorbidities associated with it are obesity, diabetes, overweight, unhealthy diet, high blood pressure, and elevated levels of cholesterol. Various drugs, such as statins, are the first line treatment for atherosclerosis. Apart from this, fibrates, calcium channel blockers, beta blockers, angiotensin converting enzyme inhibitors, and diuretics are also used for atherosclerosis treatment. Moreover, PCSK 9 is the new therapy for coronary atherosclerosis plaque formation. Atherosclerosis is also associated with vascular diseases.
Request a Sample of Atherosclerosis Drugs Market Report –
In terms of drug class, the cholesterol lowering medications segment held a major share of the global atherosclerosis drugs market in 2018. This segment is likely to maintain its dominance during the forecast period, owing to the increase in use of statins for the treatment of atherosclerosis. The cholesterol lowering medications segment is anticipated to grow at a rapid pace during the forecast period, due to the introduction of new therapy drugs such as PCSK 9 inhibitors. The fibric acid and omega-3 fatty acid derivatives segment held a significant share of the atherosclerosis drugs market, and is likely to expand at a moderate CAGR between 2019 and 2027. The expansion of this segment can be attributed to the rise in the prevalence of cardiovascular events such as stroke, heart failure, etc.
Based on distribution channel, the hospital pharmacies segment accounted for a major share of the atherosclerosis drugs market. This segment is projected to grow at a moderate CAGR during the forecast period. The growth of this segment can be attributed to the rise in awareness about cardiovascular treatment, and usage of novel drugs by physicians and patients. The online pharmacies segment held a significant share of the global atherosclerosis drugs market, and is anticipated to grow at a moderate CAGR during the forecast period. Rise in patient preference for online channels due to high adoption of e-Commerce is anticipated to drive the online pharmacies segment.
Request for a Discount on Atherosclerosis Drugs Market Report -.
Global Atherosclerosis Drugs Market: Prominent Regions
North America held a major share of the global atherosclerosis drugs market in 2018. It is primarily driven by factors such as presence of key market players, highly structured healthcare industry, and key developments by market players, such as product launch approvals, key mergers, and acquisitions. For instance, in October 2018, Johnson & Johnson received approval from the U. S. Food and Drug Administration for INVOKANA, to reduce cardiovascular events such as heart attacks and stroke. This product approval enabled the company to strengthen its portfolio in the U.S. In December 2017, Amgen Inc. received approval from the U.S. Food and Drug Administration for REPATHA. This product approval enabled the company to enhance its product portfolio in the U.S. Moreover, high awareness of cardiovascular diseases among people is leading to the adoption of new therapies for atherosclerosis. This factor is anticipated to drive the atherosclerosis drugs market in the region.
Europe held the second-largest share in the global atherosclerosis drugs market in 2018. The growth of the atherosclerosis drugs market in the region can be attributed to the increase in the prevalence of cardiovascular diseases and strategic developments by key players. For instance, according to the European Cardiovascular Disease Statistics, in Europe, approximately 19% men and 20% women died of ischemic heart diseases in 2017. In May 2018, Amgen, Inc. received approval of the European Commission for REPATHA. This approval enabled the company to widen its product portfolio in Europe.
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Transparency Market Research
90 State Street,
Albany NY – 12207
USA – Canada Toll Free: 866-552-3453
Email: [email protected]