Atherosclerosis Drugs Market to Reach $27.7 Billion, Globally, by 2032 at 3.0% CAGR: Allied Market Research
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Prime determinants of growth
Surge in the obesity in the populace, increase in government initiatives to promote healthy lifestyle and development of new treatments for atherosclerosis drive the growth of the global atherosclerosis drugs market. However, the side effects of atherosclerosis drugs restricts the market growth. Moreover, high growth potential of atherosclerosis drugs in emerging markets presents new opportunities in the coming years.
Report coverage & details:
Development of new treatments for atherosclerosis
Rise in prevalence of cardiovascular diseases
Covid-19 Scenario
The anti-platelet and anticoagulants segment to maintain its leadership status throughout the forecast period
Based on drug type, the anti-platelet and anticoagulant segment held the largest market share in 2022, accounting for more than half of the global atherosclerosis drugs market revenue, and is estimated to maintain its leadership status throughout the forecast period. Rise in prevalence of atherosclerotic cardiovascular led to increase in demand for anti-platelet drugs. However, the cholesterol lowering medication segment is expected to witness the fastest CAGR of 4.2% from 2023 to 2032.Cholesterol lowering medication drugs are proven to effectively reduce the risk of atherosclerosis, which is expected to drive the growth of the segment.
The oral segment to maintain its leadership status throughout the forecast period
On the basis of route of administration, the oral segment held the largest market share in 2022, accounting for more than four-fifths of the global atherosclerosis drugs market and is estimated to maintain its leadership status throughout the forecast period. The growth is attributed to the easy availability of wide variety of oral drugs, less expensive than other drugs, and easy to administer which is expected to drive the growth of the segment. However, the injectable segment is expected to witness the fastest CAGR of 4.5% from 2023 to 2032. This is due to the fact that injectable drugs are effective in the treatment of atherosclerosis is a major factor that propels the growth of segment.
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The drug stores & retail pharmacies segment to maintain its lead position during the forecast period
Based on distribution channel, the drug store & retail pharmacies segment accounted for the largest share in 2022, contributing to more than half of the global atherosclerosis drugs market revenue, and is projected to maintain its lead position during the forecast period. Easy availability of medications such in drug stores & retail pharmacies which drives the segmental growth. However, the online providers segment is estimated to showcase e the fastest CAGR of 4.1% from 2023 to 2032. The growth of segment is driven by easy availability of atherosclerosis drugs which helps patients buy products at ease and rise in usage of online apps
North America to maintain its dominance by 2032
Based on region, North America held the largest market share in terms of revenue in 2022, accounting for more than two-fifths of the global atherosclerosis drugs market revenue, and is likely to dominate the market during the forecast period. Easy availability of products for diagnosis, and higher healthcare expenditure, increase in awareness about early diagnosis of disease and higher adoption of drugs for the treatment of atherosclerosis promoted the growth of the atherosclerosis drugs market in North America. However, the Asia-Pacific region is expected to witness the fastest CAGR of 4.6% from 2023 to 2032. Rise in health awareness, increase in prevalence of atherosclerosis, and surge in awareness of preventive healthcare in the Asia-Pacific region, is expected to drive the growth of the atherosclerosis drugs market.
Leading Market Players: -
The report provides a detailed analysis of these key players in the global atherosclerosis drugs market. These players have adopted strategy such product approval to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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