The Global Cardiomyopathy Medication Market is anticipated to reach USD 620 Million by 2025 at a CAGR of ~4.60% during the forecast period.
Cardiomyopathy is a disease that causes the thickening and enlargement of the heart muscles and abnormal blood flow. Patients suffering from cardiomyopathy showcase symptoms such as dizziness, coughing, fatigue, and swelling of the legs, ankles, and feet.
Certain factors that propel the growth of the global cardiomyopathy medication market are the high patient pool of heart disease, focus on manufacturing medication for cardiomyopathy treatment, and rising healthcare expenditure.
Currently, the global cardiomyopathy medication market is dominated by several players. The major players in this market are involved in strategic acquisitions and product launches to expand their product portfolios. For instance, in May 2019, Pfizer Inc. received US FDA approval for Vyndamax (tafamidis) and Vyndaqel (tafamidis meglumine) for the treatment of cardiomyopathy.
However, the side effects associated with the medication and presence of alternative treatment methods are expected to hinder the growth of the global cardiomyopathy medication market during the forecast period.
Regional Analysis
The global cardiomyopathy medication market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The cardiomyopathy medication market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada. The European cardiomyopathy medication market has been divided into Western Europe and Eastern Europe. The market in Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The cardiomyopathy medication market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The cardiomyopathy medication market in the Middle East & Africa has been divided into the Middle East and Africa. The market in the Americas is expected to dominate the global cardiomyopathy medication market due to the increasing per capita healthcare expenditure and presence of a large number of healthcare companies in the region. The market in Asia-Pacific is projected to register the highest growth rate during the forecast period owing to the increasing awareness of cardiac diseases and increasing government initiatives for healthcare reforms.
Segmental Analysis
The global cardiomyopathy medication market has also been segmented based on type, treatment, and end user.
Based on type, the market has been segmented into dilated cardiomyopathy treatment, hypertrophic cardiomyopathy, restrictive cardiomyopathy, arrhythmogenic right ventricular dysplasia, and unclassified cardiomyopathy. The dilated cardiomyopathy segment is projected to hold the largest share of the market due to the presence of a large patient population. The hypertrophic cardiomyopathy segment is expected to be the fastest-growing wing to the increasing prevalence of hypertrophic cardiomyopathy across the globe.
By treatment, the global cardiomyopathy medication market has been categorized as anticoagulants, antiarrhythmics, antihypertensives, cardiac glycosides, and diuretics. The anti-hypertensives segment has been further divided into ACE inhibitors, angiotensin II receptor blockers, beta-blockers, and calcium channel blockers. The anti-hypertensives segment is expected to be the largest due to the increasing demand for and high prescription rate of these medicines for heart disease patients. Antiarrhythmics is anticipated to be the fastest-growing segment due to the increasing preference for antiarrhythmics drug in emergency situations to prevent heart attacks and strokes.
The end user segments of the market are homecare, hospitals and clinics, and others. The hospitals and clinics segment is expected to dominate the market during the review period. The growth of the segment can be attributed to the high number of patients visiting such institutions for Cardiomyopathy diagnosis and treatment. Homecare is projected to be the fastest-growing segment.
Key Players
Some of the key players in the global cardiomyopathy medication market are Pfizer Inc. (US), PhaseBio Pharmaceuticals, Inc. (US), Array Biopharma, Inc. (US), AstraZeneca (UK), Sanofi-Aventis US LLC (US), F. Hoffmann-La Roche Ltd (UK), Merck & Co., Inc. (US), Capricor Therapeutics (US), MyoKardia (US), Janssen Products, LP (US), Ionis Pharmaceuticals, Inc. (US), Medtronic (Ireland), Becton And Dickson & Co. (US), Biomerieux (UK), and Teva Pharmaceutical Industries Ltd (Israel).
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