About Left Ventricular Dysfunction Drug
Left ventricular dysfunction (LVD) produces many changes in the structure and function of the heart through a variety of mechanisms. It constitutes a common pathway for a host of cardiac disorders. Heart failure is more prevalent and has a higher incidence in the elderly population. Approximately 5.7 million people in the United States have diagnosed with heart failure every year.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
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 and European Players will contribute the maximum growth to Global Left Ventricular Dysfunction Drug 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.
Bayer AG (Germany), Innopharmax Inc (Taiwan), Mesoblast Ltd (Australia), Novartis AG (Switzerland), Quantum Genomics SA (France), TiGenix NV (Belgium), Armaron Bio Pty Ltd. (Australia), Takeda Pharmaceutical Co Ltd (Japan), Viscofan BioEngineering (Germany) and GlaxoSmithKline (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Left Ventricular Dysfunction Drug market by Type (BAY-1142524, CAP-1002, Carvedilol CR, CTX-101, Omecamtiv Mecarbil and Others), Application (Hospital, Clinic and Others) and Region.
On the basis of geography, the market of Left Ventricular Dysfunction Drug 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Drug Type, the sub-segment i.e. Prescription Only will boost the Left Ventricular Dysfunction Drug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Kids will boost the Left Ventricular Dysfunction Drug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Rising Occurrence Of Heart Failure Among The Elderly Population, Unhealthy Lifestyle and Increasing investment in Research & Development
Challenges:
Lack of Skilled Professionals in Healthcare Sector
Restraints:
Long Waiting Clinical Trials of Drugs and Unavailability of Left Ventricular Dysfunction Drug in Rural Areas
Opportunities:
Number of Pipelined Drugs and Ongoing Clinical Trials for Left Ventricular Dysfunction Drug and Increasing Demand from Emerging Countries
Market Leaders and their expansionary development strategies
In January 2023, Glenmark Pharmaceuticals on Tuesday said it has launched sacubitril and valsartan combination tablets in India for treatment of heart failure. The prescription drug has been launched under brand 'Sacu V' and is priced at Rs 19 per tablet for a dose of 50mg (sacubitril 24mg + valsartan 26mg), Rs 35 per tablet for a dose of 100mg (sacubitril 49mg + valsartan 51mg), and Rs 45 per tablet for a dose of 200mg (sacubitril 97mg + valsartan 103 mg), Glenmark said in a regulatory filing.
In September 2022, Bayer launched a novel heart failure drug in India that it has co-developed with Merck at one-fifteenth of the global price at Rs 127 per pill. It’s a one pill a day therapy. and The drug named Verquvo (vericiguat) is the first novel treatment approved to reduce the risk of cardiovascular deaths and repeated hospitalisation among worsening heart failure patients
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Left Ventricular Dysfunction Drug Providers, Venture Capitalists and Private Equity Firms, Government Regulatory, Research Organizations and End Users
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.