Global Myocardial Ischemia Market, By Type (Asymptomatic, Symptomatic), By Treatment (ECG, and Antiplatelet Agents), By End User (Hospitals & Clinics, Ambulatory Surgical Centres, Diagnostic Centres) opportunities and forecast 2020-2027
Myocardial ischemia is categorised as a specific condition, which includes insufficient flow of the blood to heart muscle through the coronary arteries. Due to block or constriction of arteries, heart is not able to drive oxygenated blood, and various other vital nutrients to body efficiently and hence results into destruction of heart muscles. High prevalence of coronary heart diseases, changing lifestyles and increasing cases of diabetes, are the major factors leading to the market demand during the forecast period. Furthermore, the development of drugs including vorapaxar, heparin, and others are expected to bring relief to the patients from disease. However, the side-effects of the drugs are expected to hinder the market growth.
Market shows the high growth potential in coming year owing to the continuously increasing stress environment. On the other hand some of the risk factors such as obesity, high blood pressure, diabetes, high blood triglyceride level, tobacco, high blood cholesterol level, tobacco, waist circumference, tobacco, and lack of physical activity are further expected to restrain the market growth. Apart from this, other complications include heart failure, irregular heart rhythm, and heart attack.Segment Overview
By type, the market is segmented as asymptomatic and symptomatic. The asymptomatic myocardial ischemia segment commanded the largest market share in 2018. The family history of heart diseases, growing number of smokers, and incidence of cases of high cholesterol and blood pressure, and sedentary lifestyle are driving growth in the segment.
Additionally, the treatment segment is segmented into medications (antiplatelet agents) and surgery (ECG). The antiplatelet segment has gained substantial traction owing to the increasing prevalence of the coronary heart disease and also as the large population living a stressful lifestyle.Regional Overview
Geographically, North-American region holds the major share, followed by the European region in the myocardial ischemia market due to the rise in awareness about the cardiovascular diseases (CVD), rise in competition from the small market players and due to the increasing technological advancements in the region. According to survey, about 1.5 million cases of the diseases occur annually in the U.S.
Asian-Pacific region is anticipated to witness the higher growth rate owing to increase in prevalence of heart-related diseases and constant development in the economies during the forecast period. It is expected that future will provide more opportunities on account of the presence of well-developed healthcare sector and increasing patient population in coming years. Competitor overview
The key companies operating in the market includes Taxus Cardium, ViroMed Co. Ltd, Daiichi Sankyo Company Limited, Edwards Lifesciences Corporation, Merck KGaA, Boston Scientific Corporation, Boehringer Ingelheim International GmbH, Novartis AG, Bayer AG, Johnson & Johnson Services Inc. (Janssen Global Services LLC), AstraZeneca, Atrium Medical Corporation, Vasade Biosciences, Inc., Pfizer Inc., Baxter International, Inc. The pharmaceutical companies are repeatedly trying to come up with new therapeutic developments or products for the treatment of the disease.
For instance; AstraZeneca will develop its Global Medicines Development (GMD) division in Bengaluru, India. The site will be one of the nine global sites which will support the monitor safety, efficacy, clinical trials, and other regulatory management essential for a product’s lifecycle. Key Players
- Taxus Cardium
- ViroMed Co. Ltd
- Daiichi Sankyo Company Limited
- Edwards Lifesciences Corporation
- Merck KGaA
- Boston Scientific Corporation
- Boehringer Ingelheim International Gmbh
- Novartis AG, Bayer AG
- Johnson & Johnson Services Inc. (Janssen Global Services LLC)
- Atrium Medical Corporation
- Vasade Biosciences, Inc.
- Pfizer Inc.
- Baxter International, Inc.
By End User
- Hospitals & Clinics
- Ambulatory Surgical Centres
- Diagnostic Centre
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- Rest of LAMEA