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Bi-directional Tachycardia Drugs Market size is expected to register remarkable growth rate during the forecast period i.e., between 2024-2036.Rising cases of patients with cardiac diseases coupled with the advancements in healthcare as well as improvements in treatment therapies are the significant factors boosting the market growth.
Rising incidences of cardiovascular disorders across the world and related diseases such as arrhythmia, heart attacks and strokes is the key dynamic factor propelling the growth of bi-directional tachycardia drugs. According to World Health Organization (WHO), in 2016, an estimated 17.9 million people died from cardiovascular diseases (CVDs) which represents 31% of all deaths worldwide. Moreover, growing geriatric population diagnosed with heart diseases and changing lifestyles are other factors are anticipated to significantly expand the bi-directional tachycardia drugs market.
The healthcare development all over the world is improving at a fast pace owing to the increasing number of cases of various diseases which results in a growing demand for better healthcare services, facilities and equipment at clinics and hospitals. The growing research activities for treatment methods at research laboratories further fuels the healthcare industry. On the back of such factors, the global bi-directional tachycardia drugs market is predicted to grow over the forecast period.
Challenges
Despite the improving healthcare infrastructure, there is a high cost involved in the drugs related to treatment of cardiovascular diseases. Further, there are major side effects associated with this drugs post medication. This is estimated to hinder the growth of bi-directional tachycardia drugs market in the future.
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Base Year |
2023 |
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Forecast Year |
2024–2036 |
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Regional Scope |
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The market is segmented by distribution channel into hospitals, clinics, research laboratories and retail pharmacies. Among these segments, the segment for hospitals is anticipated to hold the leading share in the market on account of wide-scale availability of bi-directional tachycardia drugs used for the patient’s treatment at the hospital only.
Our in-depth analysis of the global market includes the following segments:
By Product |
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By Route of Administration |
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By Distribution Channel |
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On the basis of regional analysis, the bi-directional tachycardia drugs market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The market for bi-directional tachycardia drugs in North America industry is poised to dominate majority revenue share by 2036, owing to growing healthcare expenditure and support from government in implementation of advanced therapeutics coupled with rise in patients with cardiovascular disorders in the region. further increases the product demand. The market in Asia Pacific region is predicted to grow at the highest rate during the forecast period as a result of developing healthcare infrastructure and growing research activities in the region. Additionally, the prevalence of chronic diseases along with the rise in public awareness about early diagnosis of heart disease like tachycardia, especially in countries such as China, India and Japan further raise the demand for bi-directional tachycardia drugs.
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
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