The new report by Expert Market Research titled, ‘Global Critical Care Antiarrhythmic Drugs Market Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global Critical Care Antiarrhythmic Drugs market, assessing the market based on its segments like drug class, end-use and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 951.68 million
- Forecast CAGR (2023-2028): 5.62%
- Forecast Market Size (2028): USD 1321.32 million
Due to improvements in cutting-edge medical research and development (R&D), North America accounts for a substantial portion of the critical care antiarrhythmic sector. Governments’ adoption of favourable reimbursement policies and upgraded health-care infrastructure in the region are projected to boost demand for critical care antiarrhythmic drugs and drive market growth over the forecast period. The market is expected to rise strongly in the next years, as various government-funded organisations, academic institutions, and private entities ramp up clinical studies and drug development operations for effective treatment of complex cardiac illnesses.
Europe is experiencing rapid development as a result of the growing senior population, which is causing a slew of health-related difficulties. The market is growing due to the implementation of several favourable initiatives by governments to improve healthcare accessibility. Furthermore, increased awareness of atrial fibrillation and related heart disorders is expected to boost regional market expansion, which is expected to contribute significantly to the overall industry’s growth.
Industry Definition and Major Segments
Intensive care Antiarrhythmic drugs are medications that are used to treat arrhythmias that occur as a result of significant cardiovascular problems. They monitor the heart’s electrical conduction system in an attempt to maintain the sinus rhythm.
Some of the drugs used to treat cardiac disorders include calcium channel blockers, anti-adrenergic agents, antiarrhythmic agents, diuretic agents, and angiotensin-converting enzyme (ACE) inhibitors. Antiarrhythmic drugs operate by preventing abnormal cardiac rhythms due to atrial flutter, atrial and ventricular fibrillation, and other irregular heart electrical activity.
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Based on drug class, the market can be broadly divided into:
- Bovine
- Human
- Recombinant
- Others
The Critical Care Antiarrhythmic Drugs Market can be broadly divided based on its end-use into:
- Hospitals
- Diagnostics
- Others
On the Basis of region, the market can be divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
Market Trends
The rise of the critical care antiarrhythmic pharmaceuticals market can be linked to regulatory authorities’ growing approvals and active support for novel antiarrhythmic prescription formulations. As a result, prominent firms are being encouraged to develop and increase production in order to fulfil the growing need for effective cardiac treatments, which is driving market expansion.
Furthermore, in the projected period, the rising prevalence of cardiovascular disorders in both developed and developing countries is expected to fuel the antiarrhythmic medicines industry. The need for critical care antiarrhythmic medications is increasing as the focus on heart health grows, propelling the industry forward. In the next years, it is expected that rising research and development (R&D) activities in medication discovery will provide additional fuel to market expansion.
Key Market Players
The major players in the market are Pfizer, GlaxoSmithKline plc, Sanofi, Mylan N.V., Upsher-Smith Laboratories LLC, Novartis AG, Mayne Pharma and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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