Genetic Cardiomyopathies Market size is estimated to reach USD 7 Billion by the end of 2036, growing at a CAGR of 13% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of genetic cardiomyopathies was USD 2 Billion. The growth of the market can be attributed to the increasing instances of genetic cardiomyopathies. There were over 2 million instances of myocarditis, nearly 1.6 million cases of arrhythmogenic cardiomyopathy, and approximately 4 million cases of other cardiomyopathy worldwide. Genetics has played a significant part in the identification of various cardiomyopathies, and the area of heart failure (HF) genetics is quickly expanding.
In addition to these, factors that are believed to fuel the growth of genetic cardiomyopathies market are the approval of new drugs for effective treatment. The Food and Drug Administration (FDA) granted the novel treatment, known as Camzyos, breakthrough therapy and orphan drug designations in April. Patients with obstructive hypertrophic cardiomyopathy (oHCM) of New York Heart Association class II-III are eligible for treatment to enhance exercise capacity and symptoms. Patients raved about how it improved their quality of life by reducing symptoms such as palpitations, shortness of breath, leg oedema, and diminished exercise ability. Mavacamten minimizes the likelihood that these patients will require a more substantial treatment, such as septal myectomy, an open heart surgery that eliminates a portion of the thickened septum, or alcohol septal ablation.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~13% |
Base Year Market Size (2023) |
~ USD 2 Billion |
Forecast Year Market Size (2036) |
~ USD 7 Billion |
Regional Scope |
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Disease Type (Hypertrophic Cardiomyopathy, Restrictive Cardiomyopathy, Dilated Cardiomyopathy)
The dilated cardiomyopathy segment is estimated to hold 60% share of the global genetic cardiomyopathies market in the year 2036. The growth of the segment can be attributed to the increasing prevalence of dilated cardiomyopathy. The most prevalent type of cardiomyopathy is dilated cardiomyopathy. Up to one-third of patients with the condition are inherited from their parents. This type of cardiomyopathy is most common in persons under the age of 50. It affects both the lower and upper chambers of the heart. Moreover, there are several research investigations for studying the dilated cardiomyopathy condition in other animals. The FDA announced External Link Disclaimer in July 2018 that it has begun examining allegations of canine dilated cardiomyopathy (DCM) in dogs consuming particular pet foods. The report was submitted by the FDA in November 2022. Furthermore, the FDA's Centre for Veterinary Medicine (CVM) and the Veterinary Laboratory Investigation and Response Network (Vet-LIRN), are continuing to look into this possible link.
End User (Hospitals, Clinics, Ambulatory Service)
Genetic cardiomyopathies market from the hospital segment is expected to garner a significant share of around 46% in the year 2036. The growth of the segment is majorly expected on account of the rising number of hospital admissions, especially of people suffering from heart conditions. In the previous five years, the number of persons hospitalized in hospitals for heart failure has increased by one-third. Hospital admissions in the UK are also increasing owing to the increasing prevalence of heart failure. It is estimated that over 920,000 people suffer from the illness, which places a bigger strain on the health-care system than all four of the most frequent cancers combined.
Our in-depth analysis of the global genetic cardiomyopathies market includes the following segments:
Disease Type |
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Route of Administration |
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End User |
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Drug Type |
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North American Market Forecast
The genetic cardiomyopathies market in North America is projected to be the largest with a share of about 38% by the end of 2036. The growth of the market can be attributed majorly to the rising investment in the research and development of gene therapies. Overall private equity and venture capital investment has increased in North America, with a compound annual growth rate of 18% for life sciences from 2010 to 2021. Over the same period, the average growth rate for gene therapy was 59%. Cell treatment has expanded by 63%. This indicates an increase in investment from around USD 360 million in 2020 to over nearly 70 billion in 2021.
APAC Market Statistics
The Asia Pacific genetic cardiomyopathies market is estimated to be the second largest, registering a share of about 25% by the end of 2036. The growth of the market can be attributed majorly to the growing levels of pollution in the atmosphere in the region. Air pollution has been linked to negative cardiac remodelling in patients with dilated cardiomyopathy. Women appear to be more vulnerable to these impacts. Almost 90% of the Asia-Pacific region's population habitually breathes air deemed unhealthy by the World Health Organization (WHO). Air pollution is responsible for more than 7 million premature deaths worldwide, with the Asia-Pacific area accounting for two-thirds of those mortality.
Author Credits: Radhika Pawar
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