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Restrictive Cardiomyopathy Treatment Market Size
Restrictive Cardiomyopathy Treatment Market size was estimated to be around USD 98.4 million in 2022 and is anticipated to showcase notable growth of CAGR 5.8% during the forecast period. The increasing prevalence of cardiac diseases, growing awareness, and demand for early diagnosis of diseases, advancements in treatment options, growing healthcare expenditure are the key factors contributing to the growth of global restrictive cardiomyopathy treatment.
Restrictive cardiomyopathy (RCM) is a rare heart condition in characterized by the abnormal stiffness of the heart muscles, which causes difficulty for heart to adequately relax and fill with blood. This makes it more difficult for the heart to pump blood efficiently, which impairs cardiac function. The diagnosis of restrictive cardiomyopathy frequently entails the evaluation of a patient's medical history, physical exam, cardiac imaging tests (such as echocardiogram and cardiac MRI), and sometimes cardiac catheterization and biopsy to identify the underlying cause and severity of the condition.
Report Attributes | Details |
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Base Year: | 2022 |
Market Size in 2022: | USD 98.4 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 5.8% |
2032 Value Projection: | USD 172.4 Million |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 122 |
Tables, Charts & Figures: | 214 |
Segments covered: | Treatment, Route of Administration, Distribution Channel, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The management of symptoms, improving heart function, and, when possible, addressing the underlying cause are the main goals of treatment for restrictive cardiomyopathy. Depending on the specific patient's health and demands, medications, lifestyle changes, and, in some situations, surgical procedures or a heart transplant are recommended.
COVID-19 Impact
The covid-19 impacted the global restrictive cardiomyopathy treatment market. Due to the severity of pandemic, travel restriction, and lockdown, the non-urgent medical visits and elective operations were often postponed or cancelled, which resulted in delayed diagnosis and treatment for some patients with various diseases, including restrictive cardiomyopathy. Due to the pandemic, fewer patients sought medical attention or kept up with scheduled follow-up appointments with healthcare professionals. During the pandemic, hospitals and medical facilities were under a lot of stress, which interfered with the regular operation of cardiac units and speciality clinics. Some healthcare facilities faced challenges due to reduced staffing, resource shortages, and reallocation of resources to pandemic-related care.
With the decreasing number of covid-19 cases and restrictions the number of patients visiting hospitals and medical centres for regular check-ups or treatment is increasing leading to the growth of this market.
Restrictive Cardiomyopathy Treatment Market Driving Factors
The increasing prevalence of cardiac diseases is gaining more attention of the medical facilities and increasing public awareness due to which the healthcare providers are becoming more vigilant in diagnosing and treating various cardiac conditions, including restrictive cardiomyopathy. The cardiomyopathy may affect 1 in 500 adults, among all the cardiomyopathy cases, the restrictive cardiomyopathy account for approximately 5% of it.
The restrictive cardiomyopathy is a rare disease and can occur at any age, but it mostly affects the geriatric population. Due to the increasing prevalence of geriatric population worldwide, the prevalence of cardiac diseases, including restrictive cardiomyopathy increases. The restrictive cardiomyopathy is often associated with systemic diseases, such as amyloidosis, sarcoidosis, and hemochromatosis. The prevalence of such diseases also influences the occurrence of restrictive cardiomyopathy. This eventually leads to the increasing demand for diagnosis and treatment of cardiac diseases, including restrictive cardiomyopathy.
Restrictive Cardiomyopathy Treatment Market Analysis
Based on treatment, the global restrictive cardiomyopathy treatment market is segmented into diuretics, beta-blockers, ACE inhibitors, antiarrhythmics, calcium channel blocker, anticoagulants, and other treatments. The diuretics segment accounted for highest market share of 23.6% in 2022. The diuretics are most used for restrictive cardiomyopathy treatment as they help in reducing fluid buildup which improves the ability of heart to pump blood and relieve symptoms including the shortness of breath and swelling. They also facilitate in decreasing the pressures in the veins, which eventually reduces the pressure within the heart chambers. This results in improving the ability of heart to fill with blood during diastole and more efficient pumping action.
Based on route of administration, the restrictive cardiomyopathy treatment market is classified oral and parenteral. The oral segment was valued to be USD 82.6 million in 2022. As restrictive cardiomyopathy requires long-term treatment and management of disease. Oral medications are more convenient and allows for continuous treatment for extended periods. The convenience of taking medications at home without the need for visiting hospital improves the adherence to the prescribed treatment. The oral medications are generally less expensive due to which it is a cost-effective option for long-term treatment.
Based on distribution channel, the restrictive cardiomyopathy treatment market is divided into hospital pharmacies, retail pharmacies/ drug stores, and other distribution channels. In 2022, hospitals pharmacies segment held the largest market share and is expected grow at CAGR of 5.0% during the forecast. Hospital pharmacies are well-established to handle and dispense medications, and most of hospital pharmacies have 24/7 accessibility. The hospital pharmacies provide a wide range of medications which may not be available in retail or online pharmacy stores. In addition to these, the increasing prevalence of diseases and increasing awareness and demand for treatment of restrictive cardiomyopathy are contributing to the growth of this segment.
The North American restrictive cardiomyopathy treatment market is expected to grow at CAGR of 5.3% over the forecast years due to the increasing prevalence of restrictive cardiomyopathy, increasing geriatric population, increasing demand and awareness about early diagnosis and treatment, and availability of advanced treatment options. In addition to this, North America has a well-developed healthcare system, increasing healthcare expenditure, and presence of prominent players in this market. All these factors aid in the market expansion.
Restrictive Cardiomyopathy Treatment Market Share
The key players in the restrictive cardiomyopathy treatment market are
- Pfizer Inc.
- Sanofi
- AstraZeneca
- F Hoffmann-La Roche Ltd.
- Merck and Co. Inc.
- Array Biopharma Inc.
- Capricor Therapeutics
- MyoKardia
- Janssen Pharmaceuticals
- Vericel Corporation
These companies are implementing several strategies such as collaborations, acquisitions, partnerships, mergers, and product launches to maintain a competitive edge in the industry.
Restrictive Cardiomyopathy Treatment Industry News:
- In February 2020, European Commission approved the VYNDAQEL of Pfizer for treating transthyretin amyloid cardiomyopathy which is leads to restrictive cardiomyopathy. This helped company to boost the revenue and reach untapped markets.
- In May 2019, U.S. FDA approved Pfizer’s VYNDAQEL and VYNDAMAX for restrictive cardiomyopathy. This strengthened the product portfolio of the company and boosted the revenue growth.
The restrictive cardiomyopathy treatment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:
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Market Size, By Treatment
- Diuretics
- Beta-blockers
- ACE inhibitors
- Calcium channel blockers
- Antiarrhythmics
- Anticoagulants
- Other treatments
Market Size, By Route of Administration
- Oral
- Parenteral
Market Size, By Distribution Channel
- Hospital pharmacies
- Retail pharmacies/ Drug stores
- Other distribution channels
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa
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