According to a new report published by K D Market Insights, titled, “Cardiac Stimulant Market Insights, Trends, Opportunity & Forecast, 2023–2032,” the global cardiac stimulant market size is anticipated to witness moderate growth during the forecast period i.e., 2023-2032. The increasing prevalence of cardiovascular diseases and the growing demand for effective cardiac stimulants. Additionally, advancements in medical technologies and a rising aging population which are the major factors augmenting the growth of the global cardiac stimulant market. The global cardiac stimulant market is anticipated to grow at a moderate CAGR of 5.2% from 2023 to 2032. The market's revenue surged to $11.8 billion in 2022, and it is expected to further accelerate, reaching a notable $19.5 billion by 2032.
The increasing prevalence of chronic cardiovascular diseases, such as arrhythmias, heart failure, and coronary artery disease are further expected to create ample growth opportunities for the global cardiac stimulant market during the forecast period i.e., 2023-2032. Moreover, advancements in medical technologies and device miniaturization have led to the development of sophisticated and user-friendly cardiac stimulants, has propelled market expansion. Rising global healthcare expenditure and government initiatives, is expected to contribute towards the market growth during the period.
The North America region accounted for the largest share in the global cardiac stimulant market in 2022. The region is further projected to continue dominating in the market during the forecast period. This can be attributed to the high prevalence of cardiovascular diseases and well-established healthcare infrastructure.
According to product type, the cardiac glycosides segment accounted for the largest market share in the cardiac stimulant market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2032.
The global cardiac stimulant market is segmented into product type, application and region. Based on product type, the market is bifurcated into cardiac glycosides, non-cardiac glycosides. Based on application, it is classified into hospitals, clinics.
The global cardiac stimulant market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).
Key Insights of Cardiac Stimulant Market
- On the basis of product type, the cardiac glycosides segment accounted for the largest market share in the cardiac stimulant market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2032.
- On the basis of region, North America accounted for the largest share in the global cardiac stimulant market in 2022. The region is further projected to continue dominating in the market during the forecast period.
- On the basis of region, Asia-Pacific is estimated to account for the second largest share in the market during the forecast period.
Some of the major cardiac stimulant companies profiled in the report include Teva Pharmaceutical Industries Ltd., Novartis, Pfizer, Sanofi, Sigma-Aldrich, Johnson & Johnson, Hikma Pharmaceuticals, Baxter Healthcare, Teligent, Amneal Pharmaceuticals Inc., Sterimax, AVKARE, Marlex Pharmaceuticals.
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