Pericarditis Drugs

Pericarditis Drugs

Global Pericarditis Drugs Market to Reach US$4.7 Billion by 2030

The global market for Pericarditis Drugs estimated at US$3.7 Billion in the year 2023, is expected to reach US$4.7 Billion by 2030, growing at a CAGR of 3.5% over the analysis period 2023-2030. Nonsteroidal Anti-Inflammatory Drugs (NSAIDs), one of the segments analyzed in the report, is expected to record a 3.7% CAGR and reach US$2.5 Billion by the end of the analysis period. Growth in the Colchicine Drugs segment is estimated at 2.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.0 Billion While China is Forecast to Grow at 6.7% CAGR

The Pericarditis Drugs market in the U.S. is estimated at US$1.0 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$969.0 Million by the year 2030 trailing a CAGR of 6.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.1% and 2.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.

Pericarditis Drugs - Key Trends and Drivers

The pericarditis drugs market has seen notable developments, driven by the increase in cardiovascular diseases. Cardiovascular conditions remain the leading cause of global mortality, with conditions like coronary heart disease and cerebrovascular disease claiming about 17.9 million lives annually. Pericarditis often follows cardiac surgeries and heart attacks, linking the high incidence of cardiovascular conditions directly to increased demand for pericarditis treatments. The recurrence of pericarditis, particularly after the first episode, which affects nearly 30% of patients, further amplifies this demand. As such, ongoing research and development in new therapies for pericarditis are crucial, as seen in several clinical trials focusing on drugs like KPL-914 and Dexamethasone, which are exploring more effective and safer treatment avenues.

In response to the burgeoning need, the pericarditis drugs market is witnessing significant trends in drug development and therapy improvements. The NSAIDs segment, for example, is expected to dominate the market due to its effectiveness in reducing symptoms such as chest pain, a primary complaint of pericarditis patients. Advancements in pharmacotherapy are also being noted, with newer drugs targeting the NLRP3 inflammasome/IL-1 axis showing promise for recurrent cases. The geographical dominance of North America in this market is attributed to high cardiac disease prevalence, substantial healthcare R&D, and heightened patient awareness regarding heart-related inflammations. However, challenges such as the side effects of drugs and the high costs associated with advanced therapies could restrain market growth. Nonetheless, the ongoing clinical trials and increasing investments in health infrastructure globally are expected to drive forward the market, ensuring extensive growth and development in the treatment of pericarditis.

 

 

Select Competitors (Total 52 Featured) -

• AbbVie Inc.
• Amneal Pharmaceuticals LLC
• Aurobindo Pharma Ltd.
• Bayer AG
• Bristol-Myers Squibb Company
• Cardiol Therapeutics Inc.
• Dr. Reddy`s Laboratories Ltd
• Hikma Pharmaceuticals plc
• Johnson & Johnson Services, Inc.
• Kiniksa Pharmaceuticals Corp.
• Lupin Pharmaceutical, Inc.
• Novartis International AG
• Takeda Pharmaceutical Co. Ltd
• Teva Pharmaceutical Industries Ltd (Israel)
• Viatris Inc.;

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