Hypertrophic Cardiomyopathy Therapeutics Market Is Expected To Witness Huge Demand With A CAGR of 2.1%by 2027
The market for Hypertrophic Cardiomyopathy Therapeutics worldwide was assessed at USD 1.20 billion in 2019 and is projected to attain USD 1.42 billion by 2027, exhibiting a compound annual growth rate (CAGR) of 2.1%. Hypertrophic cardiomyopathy, characterized by the thickening of the heart muscle, is fueled by factors such as the increasing prevalence of cardiovascular disorders, lifestyle choices including smoking and alcohol consumption, rising obesity rates, and the expanding elderly population.
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Market Overview:
In 2019, AstraZeneca entered into a collaboration with the Japanese pharmaceutical company Daiichi Sankyo, committing USD 6.9 billion for the development of a novel cancer drug named DS-8201. This partnership aimed specifically at addressing breast cancer and sought to broaden the scope of their treatment offerings to include other mutated tumors.
In 2017, the Food and Drug Administration (FDA) granted approval for the Micra Transcatheter Pacing System (TPS), a groundbreaking heart device. This innovative technology represents a significant advancement in pacing capabilities for patients. Remarkably compact, the pacemaker is one-tenth the size of its traditional counterparts and stands as the sole leadless pacemaker authorized for use in the United States. Differing from conventional pacemakers, it eliminates the need for cardiac wires (leads) and avoids the necessity of a surgical "pocket" beneath the skin to administer pacing therapy.
Key Players covered in this report are
• AstraZeneca
• Merck
• Pfizer
• Sanofi
• Gilead Sciences
• Novartis
• Teva Pharmaceutical Industries
Based on Product Type market is segmented into:
• Antiarrhythmic Agents
• Anticoagulants
• Beta Adrenergic Blocking Agents
• Calcium Channel Blockers
• Others
Based on Application market is segmented into:
• Defibrillators
• Pacemakers
• Other Medical Devices
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Based on Region market is segmented into:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
Major Points covered in this report are as below:
• An analysis of Hypertrophic Cardiomyopathy Therapeutics industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
• In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
• In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
• This report provides information on the market status of Hypertrophic Cardiomyopathy Therapeutics manufacturers and provides valuable insight into the market for companies and individuals.
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