Coronary Artery Disease Therapeutics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Coronary Artery Disease Therapeutics market is segmented By Drug Class (Statins, Beta-blockers, Calcium Channel Blockers, ACE Inhibitors, Antiplatelet Drugs, Other Drug Class) and Geography.

Market Snapshot

coronary artery disease therapeutics market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5.5 %

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Market Overview

The Coronary Artery Disease Therapeutics Market is expected to register a CAGR of 5.5% during the forecast period. Coronary Artery Disease (CAD) also known as ischemic heart disease (IHD) and coronary heart diseases (CHD) is a disease in which there is a narrowing or blockage of the coronary arteries due to buildup of fatty material and plaque inside the coronary arteries. These fatty material and plaque can restrict blood flow to the heart muscle by physically clogging the artery or by causing abnormal artery tone and function. Without an adequate blood supply to the heart, the heart becomes starved of oxygen which may cause chest pain (angina), shortness of breath, or other coronary artery disease signs and symptoms. A complete blockage can cause a heart attack. Coronary artery disease is thought to begin with injury or damage to the inner layer of a coronary artery. Damage may be caused by various factors, such as Smoking, Sedentary lifestyle, diabetes or insulin resistance, high blood pressure and high cholesterol. Some of the risk factors for coronary artery disease include age, sex, family history, obesity, and high stress among others.

According to the World Heart Federation, Coronary heart disease is now the leading cause of death worldwide. An estimated 3.8 million men and 3.4 million women die each year from coronary heart disease. In addition, 80% of the deaths occur in low- and middle-income countries.

Growing incidence and prevalence rate of hypertension, high cholesterol, diabetes, and obesity across the world, government initiatives to increase the awareness toward disease and increasing investment on research and development activity are the key driving factors in coronary artery disease therapeutics market.

Scope of the Report

Coronary Artery Disease (CAD) also known as ischemic heart disease (IHD) and coronary heart diseases (CHD) is a disease in which there is a narrowing or blockage of the coronary arteries due to buildup of fatty material and plaque inside the coronary arteries. Coronary Artery Disease Therapeutics Market is segmented Drug Class and Geography.

By Drug Class
Statins
Beta-blockers
Calcium Channel Blockers
ACE Inhibitors
Antiplatelet Drugs
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Statins Segment is Expected to Hold a Major Market Share in the Coronary Artery Disease Therapeutics Market

  • Statin medications are drugs that help to lower cholesterol levels in the blood and prevent coronary heart disease. Statins are the first-line treatment of choice for patients with coronary heart disease and high cholesterol levels. Statins have additional benefits such as improvements in endothelial function, reduction in the amount of inflammation and damage done to cells through oxidation stress and prevention of platelet aggregation, thereby reducing the risk of a blood clot (thrombus).
  • Statins segment holds a significant market share in the coronary artery disease therapeutics market and is anticipated to show a similar trend over the forecast period due to ability to reduce mortality and cardiovascular events in patients with coronary artery disease or at high risk of cardiovascular disease.
  • Increasing incidences of chronic diseases especially in developed countries, and growing awareness regarding early diagnosis of diseases, are the key driving factors in the statins segment.
  • According to the Heart Foundation, in Australia, Coronary heart disease (CHD) was the main cause for 160,400 hospitalizations in the years 2016-17. Furthermore, heart disease was a factor in nearly one in four deaths in the year 2017.
Coronary Artery Disease key trend 1.png

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is expected to hold a major market share in the global coronary artery disease therapeutics market due to the growing geriatric population, and increasing incidences of chronic diseases. According to the Centers for Disease Control and Prevention, in the year 2017, coronary heart disease is the most common type of heart disease, killing approximately 365,914 people in the United States. Moreover, about 18.2 million adults age 20 and older have Coronary heart disease (CAD). Furthermore, high healthcare spending and presence of well-established healthcare infrastructure is also fueling the growth of the overall regional market to a large extent.

Coronary Artery Disease Therapeutics Market 2

Competitive Landscape

The Coronary Artery Disease Therapeutics Market is fragmented competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are AstraZeneca Plc, Gilead Sciences, Inc, Novartis AG, Pfizer Inc, Bayer AG, Bristol-Myers Squibb Company, GlaxoSmithKline Plc, Merck & Co., Inc, Teva Pharmaceutical Industries Ltd and Mylan N.V.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Geriatric Population and Associated Increase in Incidences of Chronic Disease

      2. 4.2.2 Increasing Investment on R&D of Coronary Artery Disease Therapeutics

    3. 4.3 Market Restraints

      1. 4.3.1 High Costs of Treatment

      2. 4.3.2 Reimbursement Issues

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Drug Class

      1. 5.1.1 Statins

      2. 5.1.2 Beta-blockers

      3. 5.1.3 Calcium Channel Blockers

      4. 5.1.4 ACE Inhibitors

      5. 5.1.5 Antiplatelet Drugs

      6. 5.1.6 Others

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 France

        4. 5.2.2.4 Italy

        5. 5.2.2.5 Spain

        6. 5.2.2.6 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 Australia

        5. 5.2.3.5 South Korea

        6. 5.2.3.6 Rest of Asia-Pacific

      4. 5.2.4 Middle-East and Africa

        1. 5.2.4.1 GCC

        2. 5.2.4.2 South Africa

        3. 5.2.4.3 Rest of Middle-East and Africa

      5. 5.2.5 South America

        1. 5.2.5.1 Brazil

        2. 5.2.5.2 Argentina

        3. 5.2.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 AstraZeneca Plc

      2. 6.1.2 Gilead Sciences, Inc

      3. 6.1.3 Novartis AG

      4. 6.1.4 Pfizer Inc

      5. 6.1.5 Bayer AG

      6. 6.1.6 Bristol-Myers Squibb Company

      7. 6.1.7 GlaxoSmithKline Plc

      8. 6.1.8 Merck & Co., Inc

      9. 6.1.9 Teva Pharmaceutical Industries Ltd

      10. 6.1.10 Mylan N.V.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Coronary Artery Disease Therapeutics Market market is studied from 2018 - 2026.

The Coronary Artery Disease Therapeutics Market is growing at a CAGR of 5.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

AstraZeneca Plc, Gilead Sciences, Inc, Novartis AG, Pfizer Inc, Bayer AG are the major companies operating in Coronary Artery Disease Therapeutics Market.

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