Low diagnostic rates could hamper the growth potential of the atherosclerosis drugs market during the forecast period (2020-2027).
Rockville, United States – January 8, 2020 /MarketersMedia/ —
Atherosclerosis is a type of chronic inflammatory reaction arising from vascular walls in response to endothelial distress, dyslipidemia, which can involve the recruitment of leukocytes in addition to the activation of resident vascular body cells.
Chronic inflammation conditions for vascular walls can result in plaque development with multifocal growth, which can even lead to atherothrombotic events such as lower limb ischemia, myocardial infractions, or strokes.
The global atherosclerosis drugs market is expected to grow at a healthy rate through the forecast period till the end of 2027. This can be attributed to the factor that atherothrombotic cardiovascular disease has become a major cause of not only disabilities, but also deaths in developed and developing nations, with major public health and economic ramifications. While advancements in medicine have managed to reduce mortality rates, long term effects of the disease keep costs, prevalence, and public burden remains high.
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Generic Drugs Holds Back North America
The North American atherosclerosis drugs market is under the influence of major factors including that of high public spending. Bodies such as the American heart Association have actively come out as supporting development and research efforts for market players, which are intended to bolster health care for the regional population.
Governments have also started to invest in upgrades for health care infrastructure, increasing awareness about treating a number of disorders, which could help in boosting drug adoption, and improving rates of diagnostics.
Although North America holds a leading position, in terms of atherosclerosis drugs, the recent increase in the number of generic drug options are playing a major role in restricting the growth of manufacturers in the industry, as a number of players will grow with generic drugs, creating major opportunities for the market in Asia Pacific countries, which is a highly price sensitive region.
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The affordability of drugs plays a major role in decisions of individuals in terms of purchases. The rising preference of generic drugs over branded options in the region, in addition to the growing rates of awareness towards atherosclerosis disorders is expected to generate a favorable environment for the growth of such businesses in this region.
Nanotechnology Gains Ground in Drug Quality Control
Nano polymers are increasingly becoming important for widening the scope of nano-tech for the diagnosis of cardiovascular disorders, which has resulted in it gaining greater levels of importance for the development of modern atherosclerosis drugs.
The adoption of nanotechnology allows for the use of selective drug delivery operations, which work only on damaged tissue. The technology allows for superior imaging and drug delivery, which aids in improving heart muscle function.
The advancements in treatment technology and the rising demand for drugs, still are inadequate, with numerous individuals remaining undiagnosed. Reduced rates of diagnosis could potentially hamper the atherosclerosis drugs market during this period.
The hospital pharmacies are expected to dominate the sales in the market. However, these outlets are expected to lose market share to retail pharmacies at major locations, owing to greater ease in refilling essential drug supplies.
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