What is Angina Pectoris Drugs Market Scope?
Lifestyle diseases and their chronic nature are some of the main reasons for the high levels of cardiovascular disorders worldwide. According to the Nesia Foundation Hospital, around 14.2 million people between the ages of 30 and 69 die prematurely from lifestyle disorders such as diabetes, atherosclerosis, high cholesterol, stroke, nephritis, cancer, and several others. Angina is a condition that causes chest pain or discomfort, mainly due to decreased blood flow to the heart muscles. The condition usually occurs when the heart muscles are not receiving enough oxygen. Angina is caused by the narrowing of the arteries that carry oxygen-rich blood to the heart. It can also be caused by coronary artery spasms, unstable plaques, decreased heart pump function, and blood clots. Common symptoms of angina include chest pain or discomfort, shortness of breath, tiredness, dizziness, and nausea. Mild angina pectoris can be treated with lifestyle changes such as through smoking cessation, weight loss in obese patients, and the inclusion of healthy foods in the diet. To treat moderate to severe angina, drugs such as beta-blockers, nonsteroidal anti-inflammatory drugs, assin inhibitors, calcium channel blockers, etc. are used to relieve symptoms.
The Angina Pectoris Drugs market study is being classified by Type (Nitrates, Non-Steroidal Anti-Inflammatory Drugs, Anti-Platelet Drugs, Beta Blockers, Statins, Calcium Antagonists, Angiotensin-Converting Enzyme (Ace) Inhibitors and Others) and major geographies with country level break-up.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Angina Pectoris Drugs market throughout the predicted period.
Pfizer (United States), Bayer AG (Germany), Sanofi (France), AstraZeneca (United Kingdom), Gilead Sciences (United States), Amgen (United States), Eli Lilly and Company (United States), Novartis (Switzerland), GlaxoSmithKline (United Kingdom), Merck & Co. (United States) and Mylan (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Teva Pharmaceutical (Israel) and Otsuka Pharmaceutical Co. Ltd (Japan).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Angina Pectoris Drugs market by Type, Application and Region.
On the basis of geography, the market of Angina Pectoris Drugs 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).
Market Influencers and their development strategies
AstraZeneca and Recordati S.p.A had collaborated in May 2017 to bring metoprolol succinate to the market, which is a beta-blocker that is used to treat angina.
On April 15, 2020, Dr. Reddys Laboratories had announced the launch of an approved generic version of the Nitro-Dur transdermal infusion system (nitroglycerin). Nitro-Dur is used to prevent attacks of chest pain (angina pectoris) but does not treat angina pectoris that has already started.
The FDA had approved Xarelto (rivaroxaban) in October 2018 and can be used to treat chronic angina in addition to beta-blockers, nitrates, calcium channel blockers, and ACE inhibitors. A changing regulatory scenario in the US and EU is expected to impact clinical trials of advanced therapy drugs. In Phase II / III studies, several gene therapy products are emerging as a novel approach to meet the need for non-surgical cardiovascular treatments. Taxus Cardium's DNA-based gene therapy with adenovector (serotype 5) is in a late clinical stage.
Influencing Market Trend
- High Awareness Level and Well-Established Health Care Facilities
- Favorable Medical Reimbursement Policies
- Augmentation of Novel Drug Delivery Systems
- Rapidly Growing Biopharmaceutical Industry
Market Drivers
- Demand for Disease-Modifying and Targeted Treatments
- Increasing Burden of Lifestyle Diseases
- Rapidly Increasing Geriatric Population Which Is Prone To Angina Pectoris
- A Rise in Incidence Rate of Angina Pectoris
Opportunities
- Initiatives Taken By the Government in the Emerging Countries to Promote Health Care
- Technological Advancements towards Personalized Cardiovascular Medicines
- Increased Expenditure on Healthcare
Restraints
- Availability of Effective Treatment Methods
- Increasing Adoption of Minimally Invasive Surgeries
Challenges
- Side Effects Associated With Certain Drug Classes
Key Target Audience
Providers of Angina Pectoris Drugs, Potential Technology Investors, Regulatory & Government Bodies, End Users, Downstream Vendors and Others
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