Market Overview:
Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Forecast Years | 2023-2033 |
| Historical Years | 2017-2022 |
Market Size in 2022 | US$ 6.0Billion |
MarketForecast in 2033 | US$ 17.5 Billion |
Market Growth Rate (2023-2033) | 10.19% |
How big is the chronic heart failure market?
The chronic heart failure market size reached US$ 6.0 Billion in 2022. Looking forward, IMARC Group expects the 7MM to reach US$ 17.5 Billion by 2033, exhibiting a growth rate (CAGR) of 10.19% during 2023-2033.
The report offers a comprehensive analysis of the chronic heart failure market in the United States, EU5 (including Germany, Spain, Italy, France, and the United Kingdom), and Japan. It covers aspects such as treatment methods, drugs available in the market, drugs in development, the proportion of various therapies, and the markets performance in the seven major regions. Additionally, the report evaluates the performance of leading companies and their pharmaceutical products. Current and projected patient numbers across these key markets are also detailed in the report. This study is essential for manufacturers, investors, business planners, researchers, consultants, and anyone interested or involved in the chronic heart failure market.
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Chronic heart failure (CHF) refers to a growing health concern, affecting millions of people and placing a substantial burden on healthcare systems. The CHF market is experiencing significant growth, primarily driven by several key factors that are shaping its trajectory. One of the primary market drivers for chronic heart failure is the aging population. As people age, the risk of developing heart-related issues, including CHF, increases. With a larger elderly population, the demand for chronic heart failure treatments and therapies is rising steadily. This demographic shift is expected to continue, ensuring a sustained market for CHF management and treatment. The prevalence of chronic heart failure is rising due to lifestyle changes like poor dietary habits, sedentary lifestyles, and an increase in risk factors like diabetes and obesity. This trend amplifies the demand for CHF medications, devices, and therapies.
Pharmaceutical companies are investing in research and development to address the growing patient population. The development of innovative medical technologies is another key driver in the chronic heart failure market. Advanced diagnostic tools, such as biomarker tests and imaging techniques, enable an earlier and more accurate diagnosis of chronic heart failure. Additionally, implantable devices like pacemakers and left ventricular assist devices (LVADs) are becoming more effective in managing CHF, improving patients' quality of life and prognosis. The pharmaceutical industry is actively engaged in drug development. Novel therapies, including angiotensin receptor-neprilysin inhibitors (ARNIs) and sodium-glucose cotransporter-2 (SGLT2) inhibitors, have shown promising results in clinical trials. The growing acceptance of remote healthcare services is contributing to the expansion of the chronic heart failure market. Government healthcare policies and initiatives to improve cardiac care also propel the CHF market. Increased funding for research, public health campaigns promoting heart health, and reimbursement policies that favor chronic heart failure treatments all support the growth of the chronic heart failure market.
Countries Covered:
United States
Germany
France
United Kingdom
Italy
Spain
Japan
Analysis Covered Across Each Country:
Historical, current, and future epidemiology scenario
Historical, current, and future performance of the chronic heart failure market
Historical, current, and future performance of various therapeutic categories in the market
Sales of various drugs across the chronic heart failure market
Reimbursement scenario in the market
In-market and pipeline drugs
This report also provides a detailed analysis of the current chronic heart failure marketed drugs and late-stage pipeline drugs.
In-Market Drugs:
Drug Overview
Mechanism of Action
Regulatory Status
Clinical Trial Results
Drug Uptake and Market Performance
Late-Stage Pipeline Drugs:
Drug overview
Mechanism of action
Regulatory status
Clinical trial results
Drug uptake and market performance
Competitive Landscape With Key Players:
The competitive landscape of the chronic heart failure market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the Key Players:
- Bayer HealthCare Pharmaceuticals/Merck Co
- Novartis
- Servier
- AstraZeneca
- Boehringer Ingelheim/Eli Lilly and Company
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
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