The Global Rheumatic-Heart Disease Management Industry is projected to be US$ 1.31 billion. The entire demand for the management of rheumatic heart disease is expected to expand at a CAGR of 4.5% between 2023 and 2033, reaching approximately US$ 2.04 billion by that year due to ongoing advancements in biotechnology and pharmaceuticals.
This significant increase is ascribed to ongoing developments in biotechnology and pharmaceuticals, which represent a paradigm change in the healthcare industry. The global rheumatic heart disease management market is poised to redefine expectations as the sector welcomes innovation and provides patients with better prospects and hope across the globe.
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Acute pericarditis has been detected in 0.2% to 0.1% of hospitalized patients, and non-ischemic chest discomfort accounts for 5% of admissions. Furthermore, 17.9 million deaths globally, or 31% of all deaths, are attributed to cardiovascular illnesses. In low- and middle-income countries, cardiovascular mortality account for more than 75% of deaths. The use of dual therapy to treat rheumatic heart disease is another factor driving the market’s rise.
Additional variables that affect the rise in cardiovascular illnesses and the market for the treatment of rheumatic heart disease include rising alcohol and tobacco use, changes in lifestyle, and lifestyle modifications. Throughout the analysis period, it is anticipated that low- and middle-income nations will place a greater emphasis on the prevention and treatment of cardiovascular illnesses.
Another reason fueling the market’s expansion is the rise in environmental contamination, which makes viral and fungus infections more common. Additionally, the rise in rheumatic fever cases and the government’s increasing healthcare spending are both contributing to the market’s expansion. Additionally, the major market players’ ongoing advancements in biotechnology and Rheumatic Heart Disease drug development have been opening up attractive market opportunities. The increased prevalence of chronic diseases, such as cardiovascular diseases and type 2 diabetes mellitus, is another important driver that is projected to accelerate market expansion.
Key Takeaways from the Global Rheumatic Heart Disease Management Industry Study
- Global Rheumatic-Heart Disease Management Market was valued at US$ 25Bn by 2022-end
- From 2018 to 2022, the market demand expanded at a CAGR of 1%
- By Type, the Valve segment of the market constitutes the bulk of the market with a market share of 46%
- By Application, the Hospitals segment dominates the market with a share of 46%
- From 2023 to 2033, rheumatic heart Disease Management sales are expected to flourish at a CAGR of 5%.
- By 2033, the market value of Rheumatic-Heart Disease Management is expected to reach US$ 04
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An upsurge in financial support to researchers for developing new innovative drugs for treatment of rheumatic fever, coupled with growing geriatric population are expected to fuel the Global Rheumatic Heart Disease Management Industry in the forthcoming years, remarks an FMI analyst.
Competitive Landscape
Prominent players in the Global Rheumatic Heart Disease Management Industry
- Hoffmann-La Roche Ltd., Mylan N.V., Teva Pharmaceutical Industries Ltd., Sanofi, Pfizer Inc., GlaxoSmithKline plc., Novartis AG, Bayer AG, Eli Lilly and Company, Merck & Co., Inc., Allergan, AstraZeneca, AbbVie Inc., Johnson & Johnson Private Limited, Cipla Inc., Abbott, Merck KGaA, Sun Pharmaceutical Industries Ltd., Aurobindo Pharma, Dr. Reddy’s Laboratories Ltd., Glenmark Pharmaceuticals Limited, Amneal Pharmaceuticals LLC., and Bayer AG, among others.
Recent Developments:
- In September 2019, Medtronic announced the launch of Evolut PRO+, a transcatheter aortic valve replacement (TAVR) system in the U.S.
- In September 2019, Abbott initiated the TRILUMINATE pivotal trial for the evaluation of TriClip, a transcatheter tricuspid valve repair for treating tricuspid regurgitation.
Know More About What the Global Rheumatic Heart Disease Management Industry Report Covers
Future Market Insights offers an unbiased analysis of the global Rheumatic-Heart Disease Management Market, providing historical data for 2018-2022 and forecast statistics from 2023-2033. To understand opportunities in the Rheumatic-Heart Disease Management Market, the market is segmented based on type, and application, across five major regions.
Key Segments Covered in the Global Rheumatic Heart Disease Management Industry Analysis:
Global Rheumatic Heart Disease Management Industry by Type:
- Valve
- Myocarditis
- Pericarditis
Global Rheumatic Heart Disease Management Industry by Application:
- Hospital
- Diagnostic Centre
- Research Centre
Global Rheumatic Heart Disease Management Industry by Region:
- North America
- Europe
- Europe
- Latin America
- Middle East & Africa
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