The global takotsubo syndrome therapeutics industry demand is poised for substantial growth, with an estimated market value of US$ 1.58 Billion by 2023 and a projected surge to US$ 2.85 Billion by 2033. This expansion is anticipated to be driven by a 6.1% compound annual growth rate (CAGR) by 2033, reflecting the increasing prevalence of cardiovascular diseases worldwide.
Cardiovascular diseases, including valvular heart disease, congenital heart defects, and cardiac arrest, have become a leading cause of death in both industrialized and developing economies. The rise in these conditions has fueled the demand for takotsubo syndrome therapies and cardiac MRI diagnostics.
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North America is expected to play a significant role in the global market, holding a disproportionate share in 2022. The American Heart Association (AHA) has identified heart disease as the primary cause of fatalities in North America, highlighting the urgent need for advanced therapeutic solutions in the region.
The prevalence of heart disease is a global concern, with cardiovascular disorders accounting for 40% of all fatalities in China. Despite lifestyle adjustments prompted by rapid urbanization and environmental shifts, the burden of cardiovascular diseases remains substantial, contributing to the growing market for takotsubo syndrome therapeutics.
As the industry continues to evolve, stakeholders, healthcare professionals, and researchers are joining forces to develop innovative solutions to address the rising tide of cardiovascular disorders. The projected growth in the takotsubo syndrome therapeutics market underscores the importance of advancing medical interventions to combat these prevalent and life-threatening conditions.
Key Takeaways from the Market Study:
- Because of rapid advances in cardiovascular care technology, the market is expected to be worth more than US$ 1.5 Billion by 2022.
- The British Heart Foundation estimates that 7.6 million people in the UK will have heart and circulatory diseases by March 2021.
- Heart disease kills approximately 600,000 Americans each year, according to the Centers for Disease Control and Prevention (CDC).
- According to the World Health Organization, approximately 17.9 million people die each year as a result of heart disease.
- Heart and circulatory diseases are responsible for 27% of all deaths in the UK, with approximately 43,000 people dying before the age of 75.
“Future developments will be heavily dependent on further technological advancements, including the use of cell phones, and portable, and handheld testing devices, which will generate a massive potential for growth over the forecast period.” Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)
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Key Market Players:
Key players in the takotsubo syndrome therapeutics market are
- Taro Pharmaceutical Industries
- Dva Health & Nutrition GmbH
- Par Formulations Pvt. Ltd.
- Teva Czech Industries S.R.O
- Amneal Pharmaceuticals Pvt. Ltd.
- Bristol-Myers Squibb Company
- Samarth Pharma Pvt. Ltd.
- Cipla Limited
- Ipca Laboratories Ltd.
Recent Development:
- Galderma and Taro Pharmaceutical Industries Ltd. declared a binding agreement in February 2022 for Taro to procure Alchemee, formerly The Proactiv Company (TPC), from Galderma.
- Ipca Laboratories revealed a 35.44% increase in consolidated net profit to Rs. 267.56 crore for the third quarter that concluded December 2020 in February 2021, owing to robust sales in domestic and global markets.
Key Segments Profiled in the Takotsubo Syndrome Therapeutics Industry Survey:
By Diagnosis:
- EKG
- Echocardiography
- Cardiac MRI
- Myocardial Infarction
- Occlusive Myocardial Infarction
- Non-occlusive Myocardial Infarction
- Type II Myocardial Infarction
- Apical Hypertrophic Cardiomyopathy
- Others
By Application:
- Hospitals
- Ambulatory Surgical Centres
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa (MEA)
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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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