Atrial Fibrillation Drugs Market Research Report - Forecast to 2029 (Includes Business Impact of COVID-19)

  • TBI988496
  • November 28, 2020
  • Global
  • 132 pages
  • Lucintel

Abstract, Snapshot, Market Analysis & Market Definition: Atrial Fibrillation Drugs Market

Industry / Sector Trends

Atrial Fibrillation Drugs Market size was valued at USD 13 billion in 2018 and is expected to witness 3% CAGR from 2019 to 2025. U.S.

Market Segmentation, Outlook & Regional Insights: Atrial Fibrillation Drugs Market

Atrial Fibrillation Drugs Market, By Product, 2018 & 2025 (USD Million) Atrial fibrillation drugs market is expected to witness lucrative growth over the forecast period. Increasing rate of geriatric population coupled with rising prevalence of valvular diseases will augment the market growth. Moreover, increasing rate of population suffering from diabetes is another factor fueling the growth of atrial fibrillation drugs market. Increasing prevalence of cardiovascular diseases in emerging regions owing to rise in sedentary lifestyle and increasing habit of binge eating will fuel adoption rates in developing as well as certain developed countries. However, drug side effects will be one of the major reasons hindering the adoption rates in few developing and under-developed countries. Drug side effects such as severe bleeding, tiredness, etc. will continue to hamper market growth over the forecast timeframe. Also, lack of awareness about recent medical drug therapies for the treatment of atrial fibrillation in certain emerging regions might hamper the market growth.

Atrial Fibrillation Drugs Market, By Product

Germany Atrial Fibrillation Drugs Market Share, By Product, 2018

Anticoagulant drugs market is projected to grow at 3.5% over the estimation period. Anticoagulants have been known for many years to produce a declining rate of stroke in individuals suffering from atrial fibrillation. Maximum thromboembolic perturbations of atrial fibrillation are mostly preventable with oral anticoagulants. For over fifty years, the only effective therapeutic option to prevent stroke in atrial fibrillation patients were vitamin K antagonists. Additionally, increasing focus of manufacturers in the development of oral anticoagulants have boosted the product demand. Hence, the aforementioned reasons will augment the growth of anticoagulant drugs market. Antiarrhythmic drugs market in atrial fibrillation was valued at USD 1,384.4 million and is estimated to witness a considerable decline in the near future owing to its less effectiveness in restoring and maintaining a normal heart rhythm. It is evident that people above age of 65 years often suffer from perturbations associated with heart rhythms and hence, antiarrhythmic drug treatment is the most preferred solution in older population. But, emergence of oral anticoagulants with more effectiveness will gradually replace the use of antiarrhythmic drugs in atrial fibrillation. Thus, antiarrhythmic drugs market in atrial fibrillation will gradually decline in the near future.

Atrial Fibrillation Drugs Market, By Atrial Fibrillation Type

The use of atrial fibrillation drugs in paroxysmal condition was valued at around USD 7,095.8 million in the year 2018. Paroxysmal atrial fibrillation occurs when an irregular and rapid heart rate starts suddenly and then stops on its own within a few days. As per the American Heart Association, currently around 2.7 million to 6 million Americans suffer from some form of atrial fibrillation. The likelihood of suffering paroxysmal atrial fibrillation rises with age. Though paroxysmal atrial fibrillation is not life-threatening, but it can cause some critical consequences with time. The most suitable prescribed treatment for paroxysmal atrial fibrillation is blood thinners or anticoagulants thus, augmenting atrial fibrillation drugs market growth. The use of atrial fibrillation drugs for persistent condition will grow at 3.2% over the forthcoming years. Atrial fibrillation is the most common heart arrhythmia and persistent atrial fibrillation is a condition where erratic and rapid heartbeat last for longer period of time as compared to paroxysmal condition. The most preferable treatment in such cases are antiarrhythmic or anticoagulant drugs that help to restore regular heart beats and prevent blood clots, thus fueling product demand.

Atrial Fibrillation Drugs Market, By Application

Application of atrial fibrillation drugs in heart rhythm control was valued at around USD 3,312.4 million in the year 2018. Many patients suffering from atrial fibrillation require restoration of sinus rhythm to improve their quality of life. Maintenance and acute restoration of sinus rhythm in patients with atrial fibrillation are denoted as rhythm control. Antiarrhythmic drugs are generally suggested as a first-line therapy and drug prescription is done on the basis of absence or presence of structural heart disease or heart failure, renal function, and other comorbidities. It has been identified that increase in geriatric population is boosting the demand of atrial fibrillation drugs, since they are more prone to perturbations associated with heart rhythm. Application of atrial fibrillation drugs in heart rate control will grow at 4.4% over the forecast period. Heart rate control in atrial fibrillation are to limit symptoms related with excessive heart rates and to avoid tachycardia?related cardiomyopathy. Rate control involves the use of anticoagulant drugs or surgical interventions to decrease the erratic ventricular rate often found in patients suffering from atrial fibrillation. Hence, the increasing prevalence of cardiovascular diseases have augmented the atrial fibrillation growth for heart rate control.

Atrial Fibrillation Drugs Market, By Route of Administration

Oral atrial fibrillation drug administration market was valued around USD 10,403.0 million in the year 2018. The prevalence of atrial fibrillation across the globe is increasing at a rapid pace, especially with growing age of the population. Patients with thromboembolic stroke due to atrial fibrillation have higher morbidity, mortality and longer hospital stays compared to patients with other form of strokes. The most prescribed drug therapies for the prevention of atrial strokes are oral drug therapies owing to its effectiveness in prevention of blood clotting thus, augmenting the market growth. Injectable atrial fibrillation drugs segment is expected to witness a substantial growth at 2.4% over the projected period. The growth is attributed to its extensive use in patients suffering from atrial fibrillation who cannot take drugs orally. Hence, increase in such cases have augmented the segment growth of injectable atrial fibrillation drugs.

Atrial Fibrillation Drugs Market, By End-use

Application of atrial fibrillation drugs is highest in hospitals resulting in major market share. The hospitals segment accounted for around USD 6,583.2 million revenue in the year 2018. A substantial proportion of atrial fibrillation drug therapies happen in hospital settings; thus, demand for these drugs are the highest. During the forecast period, the hospital end-use market segment will continue to lead, owing to increasing availability of drug therapies in hospital settings coupled with rising supply agreements of drugs between manufacturing firms and hospitals. Cardiac centers held significant industry share in 2018, being the most preferred setting in developed as well as developing countries. The cardiac centers segment is forecasted to expand at a healthy CAGR of 3.8% over the forecast period. Hence, adoption of oral drug treatments in cardiac centers should propel industry growth.

Atrial Fibrillation Drugs Market, By Region

Europe Atrial Fibrillation Drugs Market, By Country, 2025 (USD Million)

U.S. dominated the North America atrial fibrillation drugs market, accounting for around USD 4,933.5 million in the year 2018. The U.S. captured the largest share of the global market due to increasing geriatric population coupled with rising prevalence of valvular diseases among the population. Moreover, increasing number of drug manufacturing companies such as Johnson and Johnson and Bristol-Myers Squibb will further augment the growth of U.S. atrial fibrillation drugs market. China atrial fibrillation drugs market will observe rapid growth rate of 6.0% over the forecast period. The growth is attributed to development of hospitals and growing acceptance of private clinics in the region. Furthermore, prevalence of cardiac diseases due to sudden transition in lifestyle and increasing instances of binge eating have boosted the industry growth.

Key Players, Recent Developments & Sector Viewpoints: Atrial Fibrillation Drugs Market

Johnson & Johnson, Pfizer, Sanofi, Bayer AG, Boehringer Ingelheim, Bristol-Myers Squibb, Daiichi Sankyo and AstraZeneca are some of the major industry players operating effectively in the global market. These key market participants will hold majority market share owing to strong financial position and better brand recognition. Major strategies implemented by these companies in the market include new product launches, expansion strategy, acquisition strategy etc. with the aim to gain competitive advantage over its peers.

Atrial Fibrillation Drugs Industry Viewpoint

Atrial fibrillation is identified as one of the common cardiac diseases among individuals owing to various factors such as rise in prevalence of chronic diseases, obesity, hypertension, increasing rate of tobacco intake, alcohol consumption, coupled with high adoption rate of sedentary lifestyle among the social classes. However, clinicians introduced warfarin as the first anticoagulant drug treatment for atrial fibrillation. Although due its few shortcomings, the adoption rate had dropped, and various other anticoagulant and antiarrhythmic drugs were introduced in the market. To address the unmet needs globally, few multinational companies started investing in the research and development of atrial fibrillation drugs across the world. With ever growing need in the face of growing cardiac diseases, numerous drugs were launched in the market. Most of the atrial fibrillation diagnosed cases are in the initial stages and do not need catheter ablation, hence atrial fibrillation drugs are preferred over other treatments.

Key Insights Covered: Exhaustive Atrial Fibrillation Drugs Market

1. Market size (sales, revenue and growth rate) of Atrial Fibrillation Drugs industry. 2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Atrial Fibrillation Drugs industry. 3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Atrial Fibrillation Drugs industry. 4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Atrial Fibrillation Drugs industry.

Research Methodology: Atrial Fibrillation Drugs Market

  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.

1 Report Overview
    1.1 Research Scope
    1.2 Major Manufacturers Covered in This Report
    1.3 Market Segment by Type
        1.3.1 Global Atrial Fibrillation Drugs Market Size Growth Rate by Type (2019-2025)
    1.4 Market Segment by Application
        1.4.1 Global Atrial Fibrillation Drugs Market Share by Application (2019-2025)
    1.5 Study Objectives
    1.6 Years Considered

2 Global Growth Trends
    2.1 Production and Capacity Analysis
        2.1.1 Global Atrial Fibrillation Drugs Production Value 2014-2025
        2.1.2 Global Atrial Fibrillation Drugs Production 2014-2025
        2.1.3 Global Atrial Fibrillation Drugs Capacity 2014-2025
        2.1.4 Global Atrial Fibrillation Drugs Marketing Pricing and Trends
    2.2 Key Producers Growth Rate (CAGR) 2019-2025
        2.2.1 Global Atrial Fibrillation Drugs Market Size CAGR of Key Regions
        2.2.2 Global Atrial Fibrillation Drugs Market Share of Key Regions
2.3 Industry Trends
        2.3.1 Market Top Trends
        2.3.2 Market Drivers

3 Market Share by Manufacturers
    3.1 Capacity and Production by Manufacturers
        3.1.1 Global Atrial Fibrillation Drugs Capacity by Manufacturers
        3.1.2 Global Atrial Fibrillation Drugs Production by Manufacturers
    3.2 Revenue by Manufacturers
        3.2.1 Atrial Fibrillation Drugs Revenue by Manufacturers (2014-2019)
        3.2.2 Atrial Fibrillation Drugs Revenue Share by Manufacturers (2014-2019)
        3.2.3 Global Atrial Fibrillation Drugs Concentration Ratio
    3.3 Atrial Fibrillation Drugs Price by Manufacturers
    3.4 Key Manufacturers Atrial Fibrillation Drugs Plants/Factories Distribution and Area Served
    3.5 Date of Key Manufacturers Enter into Atrial Fibrillation Drugs Market
    3.6 Key Manufacturers Atrial Fibrillation Drugs Product Offered
    3.7 Mergers & Acquisitions, Expansion Plans

4 Market Size by Type
    4.1 Production and Production Value for Each Type
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