Europe Cardiovascular Therapeutic Drugs Market

The size of the Europe Cardiovascular Therapeutic Drugs Market is worth USD 31.08 billion in 2022 and is estimated to grow at a CAGR of 2.05% reaching a value of USD 34.40 billion by 2027. There has been an increased usage of drug therapies with rising prevalence of cardiovascular diseases and evolvement of highly effective therapies helping the market for cardiovascular therapeutic drugs to grow.

Cardiovascular therapeutics drugs refer to the prescribed medicines and drugs for the diseases which are related to the functioning and treatment of heart and blood vessels. While cardiovascular diseases remain to be the leading cause of dead, the major reason causing cardiovascular problems include heart failure, blood clots, coronary artery diseases, high cholesterol and others.

The market is driven by a host of factors which includes rise in aging population, rise in per capita spending on healthcare and epidemic of general medical issues like obesity and diabetes. With cardiovascular disorders being the most common cause for morbidity and mortality, the market has a tremendous value and continue to do so in the coming years. However, there are a few restraints the market likes to overcome which includes rising costs for drug development and lowering of target population. And also, despite of high prevalence, drug development pipelines for cardiovascular disorders has been stagnant for a variety of reasons.

Europe cardiovascular therapeutic drugs market is divided on the basis of type of disease and drug class. The various diseases relating to the cardiovascular diseases includes thrombosis, Arteriosclerosis, Myocardial infarction, Cardiac arrhythmias, Peripheral artery disease, acute coronary syndrome, Coronary artery disease, hyperlipidaemia, hypertension, cardiac failure diseases and other cardiovascular diseases. On the basis of drug class, the market is further categorised into combination drug classes and monotherapies. Europe’s market is geographically segmented into United Kingdom, France, Germany, Italy and Spain.

The companies leading the cardiovascular therapeutic drugs market include Bristol-Myers Squibb (BMS), Novartis, AstraZeneca, Pfizer, Merck, Sanofi, Bayer, boehringer ingelheim, Takeda and Johnson & Johnson.