The Global Restrictive Cardiomyopathy Treatment Industry is predicted to reach US$100 million in 2023 and to reach an astonishing US$179.08 million by 2033, signaling the beginning of a significant upswing in the industry. According to a new report by industry expert Future Market Insights Inc., this growth trajectory represents a strong Compound Annual Growth Rate (CAGR) of 6% throughout the projection period from 2023 to 2033.
The market for restrictive cardiomyopathy treatment has already shown significant growth, with a compound annual growth rate (CAGR) of 4% from 2018 to 2022. But due to several important causes, it is expected that growth will pick up even more speed in the following ten years.
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Furthermore, various start-ups are launching various ways to treat this rare condition. One such start-up is Impulse Dynamics, which is focused on developing solutions for the treatment of Chronic Heart Failure. They have developed Optimizer IV, a minimally invasive implantable device based on novel Cardiac Contractility Modulation (CCM) technology, that delivers non-excitatory electric pulses. The Optimizer CE is FDA-approved.
Key Takeaways from the Global Restrictive Cardiomyopathy Treatment Industry Study
- From 2017 to 2022, the Restrictive Cardiomyopathy Treatment market grew at a CAGR of 10%.
- The global Restrictive Cardiomyopathy Treatment market is expected to grow with a 13% CAGR from 2023 to 2033.
- As of 2033, the Restrictive Cardiomyopathy Treatment Market is expected to reach US$ 21.05 Billion
- According to the FMI analysis, hospitals account for the largest market share.
- North America is expected to possess a 25% market share in the Restrictive Cardiomyopathy Treatment market.
- The Asia Pacific market is predicted to increase significantly throughout the forecast period, with a CAGR of 5% during the forecast period.
“As cardiac ailments continue to prevail, scope for restrictive cardiomyopathy treatment is inclining. Vendors are focusing on new product developments and R&D to bring about more robust treatment approaches,” says an FMI analyst.
Global Restrictive Cardiomyopathy Treatment Industry Competition
Key players in the Restrictive Cardiomyopathy Treatment market are Array BioPharma, Vericel Corporation, PhaseBio Pharmaceuticals, Pfizer Inc., GlaxoSmithKline plc, Johnson and Johnson, Merck & Co., Inc, Teva Pharmaceuticals, AstraZeneca plc and Sanofi.
- In April 2022, Bristol Myers Squibb announced that the U.S. Food and Drug Administration (FDA) approved Camzyos™(mavacamten, 2.5 mg, 5 mg, 10 mg, 15 mg capsules) for the treatment of adults with symptomatic New York Heart Association (NYHA) class II-III obstructive hypertrophic cardiomyopathy (obstructive HCM) to improve functional capacity and symptoms. Camzyos is the first and only FDA-approved allosteric and reversible inhibitor selective for cardiac myosin that targets the underlying pathophysiology of obstructive HCM.
More Insights Available
FMI, in its new offering, presents an unbiased analysis of the global Restrictive Cardiomyopathy Treatment market, presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
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Key Segments Profiled in the Global Restrictive Cardiomyopathy Treatment Industry Survey
By Type:
- Dilated Cardiomyopathy
- Hypertrophic Cardiomyopathy
- Restrictive Cardiomyopathy
- Unclassified Cardiomyopathy
By Treatment:
- Anticoagulants
- Antiarrhythmics
- Anti-Hypertensives
- Cardiac Glycosides
- Diuretics
By End User:
- Homecare
- Hospitals and Clinics
- Others
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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