With the presence of a large pool of participants, the global myocardial infarction treatment market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Merck & Co. Inc., Bayer, AstraZeneca, Novartis, Boehringer Ingelheim GmbH, and Janssen Biotech Incorporation are some of the key vendors of myocardial infarction treatment across the world. These players across myocardial infarction treatment market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the myocardial infarction treatment market study.
In a major boost to U.S. myocardial infarction treatment market, on August 28th 2018, American Heart Association gave Lifeline®EMS Gold Award to Gold Cross Ambulance for effectively executing quality improvement procedures while treating patients experiencing acute heart attacks.
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As estimated in this report, the global myocardial infarction treatment market stood at US$ 1206.5 million in 2016. Witnessing a tremendous rise during the period from 2017 to 2022, the revenue in this market is expected to reach US$ 1726.3 million by the end of the forecast period. The main products available in this market are Antiplatelet agents, Antithrombotic agents, Beta-adrenergic blockers, Vasodilators, Angiotensin-Converting Enzyme (ACE) inhibitors, Angiotensin-Receptor blockers, Thrombolytic, Analgesics, and Glycoprotein IIb/IIIa inhibitors. Among them, the demand for Analgesics and Antiplatelet agents is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.
Lifestyle Changes & Surge In CVD Ailments To Bolster Market Expansion
“Growing cases of cardiovascular ailments and sedentary life pattern will impact the growth of myocardial infarction treatment market in the years ahead,” says the author of this study. Apart from this, factors such as obesity, diabetes, smoking habits, hypertension, low physical activity, and diabetes are anticipated to impact the growth of myocardial infarction treatment market in the near future.
Escalating drug costs along with growing expenditure on clinical trials is likely to hamper the growth of myocardial infarction treatment market in the coming years. Furthermore, rising costs of R& D programs along with strict legislations governing the treatment can obstruct the business growth in the ensuing years. Nonetheless, mounting adoption of innovative treatment methods across developing nations will boost the industry revenue, thereby normalizing the impact of hindrances on the myocardial infarction treatment market, reports the myocardial infarction treatment market study.
Surging Elderly Population Prone To Heart Ailment To Aid Regional Growth
Regionally, North America has been leading the worldwide myocardial infarction treatment market and is anticipated to continue on the dominant position in the years to come, states the myocardial infarction treatment market study. Rise in geriatric population base and growing cases of heart ailments is the main factor behind the dominance of the North America myocardial infarction treatment market. The high number of market players being headquartered in North America is another significant factor that is supporting this regional myocardial infarction treatment market.
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