About Hypertrophic Cardiomyopathy Therapeutics
Hypertrophic cardiomyopathy (HCM) is a medical condition within which the heart muscles (myocardium) thicken, and this makes pumping blood to the important organs of the body terribly tough. It's largely caused due to chromosomal mutation and will lead to sharp internal organ death in any person. HCM’s symptoms include feeling tired, shortness of breath, leg swelling, and pain or fainting. Excessive alcohol consumption, smoking, and obesity are the first reasons behind this internal organ illness. The cardiomyopathy medicine market is driven by factors like the increasing prevalence of HCM, insensible lifestyle of people, technological innovation, and increasing health awareness. Hypertrophic cardiomyopathy (HCM) could be a genetic muscle malady caused by a mutation in phase supermolecule genes that encodes for the shrunk machinery of the heart that's characterized by an increase in left bodily cavity wall thickness that causes a left complex body part outflow obstruction, heartbeat dysfunction, cardiac muscle anemia, and mitral regurgitation.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hypertrophic Cardiomyopathy Therapeutics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Astra Zeneca Plc (United Kingdom), ADVANZ PHARMA Corp (United Kingdom), Bayer AG (Germany), MyoKardia (Bristol-Myers Squibb Company) (United States), Gilead Sciences, Inc. (United States), Merck & Co., Inc. (United States), Mylan N.V. (United States), Novartis AG (Switzerland), Pfizer, Inc. (United States), Sanofi S.A. (France) and Teva Pharmaceutical Industries Ltd. (Israel) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Cytokinetic Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Hypertrophic Cardiomyopathy Therapeutics market by Type (Anticoagulants Beta-Adrenergic Blocking Agents, Antiarrhythmic Agents, Calcium Channel Blockers and Others), Application (Hospitals, Clinics, Ambulatory Surgical Centers and Academic and Research Organizations) and Region.
On the basis of geography, the market of Hypertrophic Cardiomyopathy Therapeutics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Disease Type, the sub-segment i.e. Obstructive Hypertrophic Cardiomyopathy will boost the Hypertrophic Cardiomyopathy Therapeutics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Device Types, the sub-segment i.e. Defibrillators will boost the Hypertrophic Cardiomyopathy Therapeutics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in cases of Cardiac Arrhythmias
Market Growth Drivers:
Rise in Obese and Sedentary Lifestyle Population and New Product Development for Targeted Cardiac Disorders
Challenges:
A Dearth of Skilled Personnel and Lack of Awareness about the Therapy
Restraints:
High Cost of the Therapy
Opportunities:
Technological Advancement in Devices
Market Leaders and their expansionary development strategies
In July 2021, LEXCO Therapeutics, a fully integrated clinical-stage gene therapy company advancing disease-modifying treatments for genetic conditions, announced that it has acquired Stelios Therapeutics, an early-stage company developing novel adeno-associated virus (AAV)-mediated gene therapies for rare genetic cardiac conditions.
In August 2020, MyoKardia, Inc. announced today that 30-week results of its pivotal Phase 3 EXPLORER HCM clinical trial of mavacamten for the treatment of symptomatic obstructive hypertrophic cardiomyopathy (HCM) were released during a live hotline Sessions were presented at the Congress of the European Society of Cardiology 2020.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Hypertrophic Cardiomyopathy Therapeutics, Venture Capitalists and Private Equity Firms and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.