The global canine dilated cardiomyopathy drugs market in 2022 was US$ 3480 million and is estimated to be US$ 3643.6 million in 2023. According to Future Market Insights, the canine dilated cardiomyopathy drugs market is anticipated to expand at a CAGR of 4.80% between 2023 and 2033, totaling around US$ 5822.9 million by 2033.
The canine dilated cardiomyopathy (DCM) drugs market has been steadily growing in recent years as the awareness and diagnosis of this potentially life-threatening condition in dogs continues to rise. DCM is a heart disease that affects the heart’s ability to pump blood effectively, leading to enlargement and weakening of the heart chambers. While surgical interventions and lifestyle changes play a crucial role in managing DCM, pharmaceuticals have become increasingly important in providing symptomatic relief and improving the quality of life for affected dogs.
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One of the key drivers behind the growth of the canine DCM drugs market is the increasing prevalence of the disease. Veterinarians and pet owners are now more vigilant in identifying early signs and symptoms of DCM, such as coughing, lethargy, and exercise intolerance. This heightened awareness has resulted in more dogs being diagnosed with the condition, leading to a greater demand for effective medications.
In response to this demand, pharmaceutical companies have been developing and marketing a range of drugs specifically designed to manage DCM in dogs. These medications typically include diuretics to reduce fluid buildup in the lungs, ACE inhibitors to dilate blood vessels and reduce the workload on the heart, and other cardiac drugs to help regulate heart rhythm. Research and development efforts in the field have also led to the introduction of innovative therapies that aim to address the underlying causes of DCM, providing hope for improved outcomes in the future.
Another factor contributing to the growth of the canine DCM drugs market is the increasing humanization of pets. As dogs become cherished members of the family, pet owners are more willing to invest in their healthcare, including the cost of prescription medications. This trend has led to a greater willingness to explore treatment options for DCM and invest in the well-being of their canine companions.
Key Takeaways from the Market Study:
- The canine dilated cardiomyopathy drugs market expanded at a CAGR of US$ 2901.92 million in 2018.
- The canine dilated cardiomyopathy drugs market in 2022 was US$ 3480 million.
- The global canine dilated cardiomyopathy drugs market is forecasted to expand at a CAGR of 4.80% and is estimated to be valued at US$ 5822.9 million from 2023 to 2033.
- The global canine dilated cardiomyopathy drugs market expanded at a CAGR of 3.7% between 2018 and 2022.
- India expands at a CAGR of 6.10%.
- China thrives at a CAGR of 5.30%.
- Japan is expected to fuel the growth of the canine dilated cardiomyopathy market in the region with a value share of 4.9%.
- Australia is said to capture a CAGR of 4.20.
- Asia Pacific’s canine dilated cardiomyopathy market is predicted to expand at a 3% CAGR during the forecast period.
- North America is anticipated to witness growth at a significant rate over the forecast period with a market share of 33.1%.
- Growing incidences of cancer in the United States of America are expected to accelerate the market growth in the region in the forthcoming years with a market share of 34.1%.
- Injectable holds a significant market share of 54.7% in the market.
- Institutional sales are preferred most in this Market.
- Institutional sales majorly include veterinary hospitals or clinics holding a value share of 62.1%.
- Angiotensin-converting enzyme (ACE) inhibitors hold the most dominant position in the market holding a market value of 55.6%.
Rise in the prevalence of cardiac diseases with technological advancements acts as a significant prominent driver of the canine dilated cardiomyopathy drugs market – comments a Future Market Insights Analyst
Competitive Scenario:
Some of the prominent players profiled in the global market
- H. Boehringer Sohn AG & Co.
- KG, Merck & Co.
- Dechra Pharmaceuticals PLC, Zoetis Inc.
- Bayer AG
- Orion, Elanco
- SAVA Vet
- Elanco
- Zoetis Inc.
- Boehringer Ingelheim
- Merck
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Key Innovation of the Market Players:
- In June 2023, Merck (NYSE: MRK), known as MSD outside of the United States and Canada, announced topline results from the Phase 3 KEYNOTE-585 trial, investigating KEYTRUDA, Merck’s anti-PD-1 therapy, in combination with chemotherapy as neoadjuvant treatment. It is followed by adjuvant treatment with KEYTRUDA plus chemotherapy, KEYTRUDA monotherapy in patients with locally advanced resectable gastric and gastroesophageal junction (GEJ) adenocarcinoma.
At a pre-specified interim analysis conducted by an independent Data Monitoring Committee, where the study met one of its primary endpoints of pathological complete response (pCR) rate and demonstrated a statistically significant improvement in pCR rates compared with chemotherapy alone.
Key Segments in the Canine Dilated Cardiomyopathy Drugs Industry Survey
By Drug Class:
- ACE Inhibitors
- Vasodilators
- Diuretics
- Angiotensin II Receptor Blockers (ARB)
- Cardiac Glycosides
- Anti-arrhythmic
- Pimobenden
By Route of Administration:
- Oral
- Injectable
By Distribution Channel:
- Institutional Sales
- Veterinary Hospitals
- Veterinary Clinics
- Retail Sales
- Retail Pharmacies
- Drug Stores
- Online Pharmacies
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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