Asia-Pacific Cardiovascular Therapeutic Drugs is a USD 26.63 billion market in 2016 and is projected to reach USD 30.27 billion by 2021 growing with a cumulative annual growth rate (CAGR) of 2.6%.
Several new and effective drug therapies for cardiovascular disorders have been development in the past few decades. With the rising prevalence of cardiovascular diseases, the market for therapeutics drugs is likely to grow in the future.
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Cardiovascular drugs includes medicines or drugs that are administered for the diseases that are related to the function and structure of blood vessels and heart. While cardiovascular disorders continues to be leading cause of death globally, the major disorders includes heart failure, high cholesterol, coronary artery disease and blood clots among others.
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Cardiovascular diseases remains the common cause of mortality and morbidity across the globe and is an emerging threat. The driving factors for the cardiovascular therapeutics includes growing per capita medical spending, rising aging population and epidemic of general medical problems which includes obesity and diabetes. However, there are few restraints faced by the market which includes high costs involving drug development and lowering of target population. Cardiovascular diseases remains the common cause of mortality and morbidity across the globe and is an emerging threat. Despite its extensive existence, many of the drug development pipelines has been stagnant for variety of factors.
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Asia-Pacific market for cardiovascular therapeutic drugs market is segmented into diseases and drug class. Based on the type of cardiovascular diseases, the market is studied as hypertension, thrombosis, hyperlipidaemia, Arteriosclerosis, Coronary artery disease, Peripheral artery disease, Cardiac arrhythmias, acute coronary syndrome, Myocardial infarction, cardiac failure diseases and other diseases. Asia-Pacific market based on its geographical regions, is segmented into China, Japan, India, South Korea and Australia.
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Some of the major companies leading in the industry includes Bayer, Johnson & Johnson, AstraZeneca, Bristol-Myers Squibb, Novartis, Merck, Takeda, Sanofi, Pfizer and boehringer ingelheim.
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