PUBLISHER: Allied Market Research | PRODUCT CODE: 1298405
PUBLISHER: Allied Market Research | PRODUCT CODE: 1298405
The atherosclerosis drugs market valued for $20,608.51 million in 2022 and is estimated to reach $27,711.92 million by 2032, exhibiting a CAGR of 3% from 2023 to 2032.
Atherosclerosis is a disorder in which veins get narrowed due to build of plaque, thus stiffening the artery walls. Blood flow is obstructed by plaque that builds up in blood vessels, which raises blood pressure. Formation of blood clots in the bloodstream is common in this condition, which can further lead to heart attack, coronary artery diseases, or peripheral artery diseases.
Atherosclerosis drugs aim to reduce the formation of plaque or its effects on the body by reducing cholesterol levels, decreasing inflammation, preventing blood clots, and improving blood flow. Commonly used atherosclerosis drugs include antiplatelet drugs such as aspirin, which prevent blood clots; angiotensin-converting enzyme (ACE) inhibitors, which reduce blood pressure; and beta-blockers, which minimize the risk of heart attack along with maintaining the blood pressure.
The growth of the global atherosclerosis drugs market is majorly driven by alarming increase in cardiovascular disorders. In addition, rise in awareness of early diagnosis and treatment of atherosclerosis boosts the demand for atherosclerosis drugs, which positively impacts the growth of the market. However, surge in cost associated with R&D of atherosclerosis drugs is expected to impede the market growth. In contrast, surge in investments for novel drug therapeutics in public as well as private sectors is anticipated to provide lucrative opportunities for the growth of the atherosclerosis drugs market during the forecast period.
Furthermore, rise in healthcare expenditure in both developed and developing countries drives demand for atherosclerosis drugs, as healthcare providers seek to offer the latest and most effective treatments to their patients.
The global atherosclerosis drugs market is segmented into drug type, route of administration, distribution channel, and region. On the basis of drug type, the market is categorized into anti-platelet & anticoagulants, cholesterol lowering medication, ACE inhibitors, and others. Depending on route of administration, it is bifurcated into oral and injectable. By distribution channel, it is classified into hospital pharmacies, online providers, and drug stores & retail pharmacies.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The report provides a comprehensive analysis of the key players that operate in the global atherosclerosis drugs market. The key companies profiled in the report include Amgen Inc., Pfizer Inc., AstraZeneca, Bayer AG, Sanofi, Novartis AG, Viatris, Johnson & Johnson, Lupin, and Bausch Health Companies Inc.