Heart Failure Drugs Market to Register USD 2.69 billion growth from 2020 to 2025|Technavio

Key Considerations for Market Forecast:

• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
• Pre- as well as post-COVID-19 market estimates
• Quarterly impact analysis and updates on market estimates

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Key Market Participants Analysis
The heart failure drugs market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The global heart failure drugs market is fragmented in nature, as many generic drug manufacturers and pharmaceutical giants are providing drugs for a disease. Companies are focusing on achieving a competitive edge by accomplishing new technologies and increasing their margins in response to changing market conditions in the end-use industries. In addition, vendors are competing based on factors such as operational cost, innovation, price, and product quality. Some of the factors that will likely make the market more competitive are the prices of raw material and end-products, the increasing rate of product demand, capacity expansion plans, and supply flow.

Some Dominant Players and their Product Offerings

Amgen Inc.
The company operates in one business segment and it offers human therapeutics. The company offers heart failure drugs namely Omecamtiv Mecarbil. 

AstraZeneca Plc
The company generates revenue by developing and manufacturing pharmaceutical products. The company offers heart failure drugs namely Farxiga.

Bayer AG
The company operates in key business segments including Pharmaceuticals, Crop science, and Consumer health. The company offers heart failure drugs namely Verquvo. In addition, the segment  focuses on the development, production, and marketing of prescription products in the areas of oncology, ophthalmology, hematology, contrast agents, and diagnostic imaging equipment.

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Heart Failure Drugs Market 2021-2025: Segmentation Analysis

• Drug Class
• Beta blockers
• ARBs
• ACE inhibitors
• Others

The heart failure drugs market share growth by the beta-blockers segment will be significant during the forecast period. The beta-blockers segment will continue to account for the largest market share during the forecast period as per this market outlook report from Technavio

• Geography
• North America
• Europe
• Asia
• ROW

North America emerged as the largest regional segment of the market.  The market is growing in this region mainly due to the high incidence of CVDs in the US, which results in the growing consumption of CVD drugs. 38% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for heart failure drugs in North America. Huge investments in the pharmaceutical industry, the presence of pharmaceutical giants in the region, and high prevalence rate of heart failure cases, and the huge economic burden associated with it are some of the major factors supporting the dominance of the US in the region and even globally.  The rising prevalence rate of heart failure cases coupled with the increasing R&D efforts and recent product launches in the region is expected to boost the demand for heart failure drugs in the region. 

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Heart Failure Drugs Market 2021-2025: Drivers and Challenges
The heart failure drugs market is driven by rising geriatric population, an increase in chronic diseases, and a growing sedentary lifestyle. A sedentary lifestyle for several years is directly associated with the increased risk of CVDs, type 2 diabetes, and premature mortality. Chronic diseases such as diabetes, high blood pressure, and obesity are some of the potential factors leading to heart failure. There has been a continuous rise in chronic diseases, such as diabetes, leading to huge concern from healthcare professionals across the globe. These diseases are likely to lead to rising demand for heart failure drugs during the forecast period.

A highly genericized market is one of the key factors hindering the heart failure drugs market growth. The global heart failure drugs market is highly genericized, which means the generic versions of the drugs have captured a huge portion of the market. Generic substitution (GS) successfully increased the penetration of generic drugs and reduced the overall pharmaceutical expenses of patients. However, this increased the price competition in the industry and decreased the overall revenue generated by top companies in the branded drugs market. 

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Market Drivers
Market Challenges
Market Trends
Vendor Landscape 

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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