1.91 billion
Report ID:
SQSG35I2029 |
Region:
Global |
Published Date: July, 2036
Pages:
257
|Tables:
95
|Figures:
70
Myocardial Infarction (MI) Therapeutics Market size was valued at around USD 2.20 billion in 2022 and is expected to rise from USD 2.31 billion in 2023 to reach a value of USD 3.36 billion by 2031, at a CAGR of 4.82% over the forecast period (2024–2031).
The main cause of myocardial infarction, often known as a heart attack, is coronary artery disease, which results in a decreased blood flow to the heart muscles. Myocardial infarction happens when an area of the heart loses oxygen because one of the coronary arteries is blocked. Typically, blockages form as a result of atherosclerotic plaque accumulation on artery walls. The septal, anterior, posterior, lateral, or inferior walls of the left ventricle of the heart are where myocardial infarctions are most often found. Thus, insufficient oxygen results in the death of cardiac tissue and a recognisable chest discomfort in humans, which causes myocardial infarction. Around 17.3 million people worldwide pass away from heart disease each year, with myocardial infarction being the main cause of death, according to the American Heart Association (AHA). This increases the requirement of treatments for myocardial infarction which leads to the growth of the myocardial infarction (MI) therapeutics market.
The growth of the market for myocardial infarction treatment is also due to the rising prevalence of cardiovascular disorders and the growing senior population. The increased frequency of obesity and chronic disorders like diabetes, hypertension, and chronic kidney disease are further reasons driving this market's expansion. Additionally, unhealthy lifestyle habits, excessive alcohol consumption, and drug use—including amphetamine and cocaine use—among the populace are significant risk factors for myocardial infarction. As a result, the market for myocardial infarction treatment and management products is expected to grow in the coming years. According to estimates, the global market for myocardial infarction treatments has the potential to be lucrative and to grow due to the rising popularity of efficient and secure treatment protocols. The market for myocardial infarction treatments may develop as a result of anticipated technology advancements that will create a plethora of chances for detecting specific blockages, monitoring cellular response, and determining hereditary predisposition.
US Myocardial Infarction (MI) Therapeutics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
1.91 billion
Largest Segment
Offline Drug Store
Fastest Growth
Offline Drug Store
Growth Rate
4.82% CAGR
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The Global Myocardial Infarction (MI) Therapeutics Market is segmented based on treatment/drug type, route of administration, distribution channel, and region. Based on Treatment/Drug Type, Myocardial Infarction (MI) Therapeutics Market is categorized into Antiplatelet Agents, Glycoprotein IIb/IIIa Inhibitors, Antithrombotic Agents, Beta-adrenergic Blockers, Vasodilators, Angiotensin-converting Enzyme (ACE) Inhibitors, Angiotensin-receptor Blockers, Analgesics and Thrombolytics. Based on the Route of Administration, Myocardial Infarction (MI) Therapeutics Market is categorized into Oral, and Injectable. Based on the Distribution Channel, Myocardial Infarction (MI) Therapeutics Market is categorized into Offline drug stores and Online drug stores. The Offline drug store segment is further sub-segmented into Retail Pharmacies, and Hospital Pharmacies. Based on region, Myocardial Infarction (MI) Therapeutics Market is categorized into North America, Europe, Asia Pacific, The Middle East and Africa, and Latin America.
Myocardial Infarction (MI) Therapeutics Market Analysis by Distribution Channel
On the basis of distribution channel, the hospital pharmacy segment is currently dominating the global myocardial infarction (MI) therapeutics market. Majority of the population turns to hospitals in case of emergencies such as the myocardial infarction due the easy access and availability of hospital services. This contributes to the growth of the hospitals and hospital pharmacies segment significantly in the global market for MI therapeutics.
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Based on the region, the North American region currently dominates the global myocardial infarction (MI) therapeutics market. This is due to the rising prevalence of cardiovascular disorders and the growing senior population, that the market for myocardial infarction treatment is expanding admirably in this region. The increased frequency of obesity and chronic disorders like diabetes, hypertension, and chronic kidney disease are further reasons driving this market's expansion. Additionally, unhealthy lifestyle habits, excessive alcohol consumption, and drug use—including amphetamine and cocaine use—among the populace are significant risk factors for myocardial infarction. As a result, the market for myocardial infarction treatment and management products is expected to grow in the coming years. According to estimates, the global market for myocardial infarction treatments has the potential to be lucrative and to grow due to the rising popularity of efficient and secure treatment protocols. The market for myocardial infarction treatments may develop as a result of anticipated technology advancements that will create a plethora of chances for detecting specific blockages, monitoring cellular response, and determining hereditary predisposition.
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Myocardial Infarction (MI) Therapeutics Market Drivers
Myocardial Infarction (MI) Therapeutics Market Restraints
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Due to the presence of numerous established as well as new businesses in this sector, the market for myocardial infarction treatments is extremely fragmented and established. It is expected that new competitors will attempt to enter this market in the near future due to the rising incidence and prevalence of acute myocardial infarction and other cardiovascular disorders.
Myocardial Infarction (MI) Therapeutics Market Top Players Company Profiles
Myocardial Infarction (MI) Therapeutics Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to the analysis, the global myocardial infarction (MI) therapeutics market is currently led by countries in the North American region, due to the increasing incidence of myocardial infarction (MI) in this region. Along with this, the hospital pharmacies segment is projected to lead the market due to the easy access and wide availability of hospitals, over the forecast period.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.20 billion |
Market size value in 2031 | USD 3.36 billion |
Growth Rate | 4.82% |
Base year | 2023 |
Forecast period | 2024–2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Myocardial Infarction (MI) Therapeutics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Myocardial Infarction (MI) Therapeutics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Report ID: SQSG35I2029