Approval Of New Drugs For Treatment Of Chronic Heart Failure

Posted by praneeth on January 2nd, 2019

The global cardiovascular drugs market, a part of the healthcare industry, declined at a compound annual growth rate (CAGR) of around -0.1% during the historic period. The healthcare industry showed a decline. The decline in the market is due to patent expiries of a major brands of cardiovascular drugs such as Lipitor, Plavi and others. Loss of patency has increased the market scope for generic versions of the drug with a huge difference in the prices.

 In the forecast period, the global cardiovascular drugs market size is expected to be over USD 65 billion by 2021, growing at a CAGR of nearly 2%. This is expected due to the increase in aging population, increase in the prevalence of cardiovascular diseases and availability of more generic drugs that reduce the cost of treatment. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global cardiovascular drugs market in the future. 

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The Food and Drug Administration (FDA) in the USA has approved new drugs for treatment of chronic heart failure. Chronic heart failure is a cardiovascular disorder caused by an inadequate cardiac output (ability of the heart to pump blood)

 Major companies in the cardiovascular drugs market, offering FDA technology include Merck & Co., Sanofi S.A., Pfizer Inc., Bristol-Myers Squibb Company, Novartis AG, Eli Lilly And Company, Johnson & Johnson, AstraZeneca Plc., Abbott Laboratories Inc., Bayer AG.

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