Atrial Fibrillation Drugs Market Scope
The global Atrial Fibrillation Drugs market is expected to witness high demand in the forecasted period due to the prevalence and incidences of AF increases with age. Around the world, atrial fibrillation is the most frequent persistent heart arrhythmia disease. It is caused by a chaotic rhythm caused by the degradation of electrical impulses in the upper cardiac chambers (atria). The worldwide Atrial Fibrillation Drugs market will benefit from rising cardiovascular illnesses and changing lifestyles. Atrial fibrillation is a condition in which the heart beats erratically rather than normally. The atria quiver in a fast pattern in the upper chambers of the heart, causing blood flow to stall or stagnate. The ventricles also beat irregularly and do not adequately push blood around the body.
The Atrial Fibrillation Drugs market study is segmented by Type (Paroxysmal Atrial Fibrillation, Persistent Atrial Fibrillation and Longstanding Persistent Afib) and major geographies with country level break-up.
Due to their strong financial positions and higher brand recognition, key market participants will control the majority of the market share. New product releases, expansion tactics, and acquisition strategies are some of the major strategies used by these companies in the market to acquire a competitive advantage over their competitors. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Atrial Fibrillation Drugs market throughout the predicted period.
Pfizer (United States), GlaxoSmithKline (United Kingdom), Johnson & Johnson (United States), Sanofi (France), Boehringer Ingelheim Pharmaceuticals, Inc. (Germany), Daiichi Sankyo Company, Limited (Japan), Acesion Pharma (United States), ARCA Biopharma (United States), Armetheon (United States) and Baxter (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Bristol-Myers Squibb (United States), Gilead Sciences (United States) and HUYA Biosciences (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Atrial Fibrillation Drugs market by Type, Application and Region.
On the basis of geography, the market of Atrial Fibrillation 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). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
February 25, 2020, Johnson & Johnson has announced that the Janssen Pharmaceutical Companies of Johnson & Johnson, in collaboration with Apple, opened enrollment for the Heartline™ Study. The study is designed to explore if the Heartline Study app on iPhone and heart health features on Apple Watch can improve health outcomes, including reducing the risk of stroke, with earlier detection of atrial fibrillation (AFib).
On 15th November 2019, The Bristol-Myers Squibb-Pfizer Alliance today announced the initiation of a new randomized, controlled study, GUARD-AF (ReducinG stroke by screening for UndiAgnosed atRial fibrillation in elderly inDividuals). The study seeks to determine if earlier detection of atrial fibrillation (AFib) through screening in previously undiagnosed men and women at least 70 years of age in the U.S. ultimately impacts the rate of stroke, compared to usual standard medical care.
Market Trend
- The technological advancement in the such as Watchman device, FIRM ablation, and Convergent procedure were developed and have been successful in reducing the chances of atrial fibrillation
Market Drivers
- High Adoption due to Geriatric Population
- The Rise in Preference of Catheter Ablation For Cardiac Arrhythmia Treatment
Opportunities
- The Growing Healthcare Expenditures in Developing Regions
- High Adoption due to The Increased Rate of Diabetic Populations
Restraints
- The Absence of Skilled Professionals
Challenges
- The Unfavorable Preference of Pharmaceutical Interventions (drugs) over AF Treatment Devices
Key Target Audience
Atrial Fibrillation Drugs Manufactures, Atrial Fibrillation Drugs Suppliers, Atrial Fibrillation Drugs Distributors, Government Regulatory Bodies, Private Research Organizations and Others