Cardiovascular Drugs Market Size, Share, and Trends 2024 to 2034

Cardiovascular Drugs Market Size and Growth 2024 to 2033

The global cardiovascular drugs market size was valued at USD 144.11 billion in 2023 and is expected to reach around USD 207.78 billion by 2033, poised to grow at a compound annual growth rate (CAGR) of 4% over the forecast period 2024 to 2033.

Cardiovascular Drugs Market Key Takeaways

• Asia Pacific led the global market with the highest market share of 34.17% in 2023.
• By Drug Type, the anticoagulants segment accounted the biggest market share of 45.14% in 2023.
• By Route of Administration, the oral segment contributed more than 54.84% of revenue share in 2023.
• By Distribution Channel, the retail pharmacies segment accounted the largest market share of 44.78% in 2023.
• By disease indication, the hypertension segment accounted the largest market share of 28.97% in 2023.

Cardiovascular Drugs Market Overview

With the increasing prevalence of cardiovascular diseases among the people a rapid growth has been seen in the cardiovascular drugs market. The number of people suffering with cardiovascular diseases has tremendously increased as a result of the faulty lifestyle practices and sedentary habits of the people. The alterations in the food and drinking habits of the people too has shown a significant impact on the cardiovascular system.

The problems of cardiovascular diseases has also increased due to the rise in work pressure and stress among the people belonging to the younger generation. The people belonging to the geriatric age group already present a number of cardiovascular disorders which helps to boost the market of the cardiovascular drugs tremendously. Even minor alterations in the rhythm or rate of the cardiovascular system helps the cardiovascular drugs market to grow considerately. Not only the elderly people but also the younger generation present a number of cardiovascular complaints as a result of their lifestyle practices. With the prevalence of cardiac arrest among the people, the market for the cardiovascular drugs has boosted tremendously.

The high court associated with the use of advanced technology and medicines in the market for the cardiovascular drugs has seen or drop in the developing nations, where the disposable income of the people is very low. The developed nations possess a high disposable income which helps the market to record a higher revenue return from them. Lack of awareness among the people regarding healthcare facilities that are available for the common people lead to delay in the treatment of life-threatening conditions of the patients with cardiovascular disorders.

The occurrence of the covid 19 pandemic had shown a considerable impact on the growth of the market as a result of the restricted movements and constant lockdowns imposed by the governments worldwide. Hence, the hospitals faced a shortage of general patients presenting cardiovascular complaints. Also, with a view to avoid further risk of cross infection to the people, hospitals opted for elective procedures and checkups which hampered the regular follow-ups and checkup routines of the patients. This had a direct impact on the cardiovascular drugs market.

Moreover, the occurrence of the pandemic did benefit the cardiovascular drugs market, as a result of the increased cardiovascular complications due to the covid infection which led to clotting disorders in the patients. These complications increased the sales and supply-chain of the cardiovascular drugs market and thus facilitated its growth. With the shortage of medical facilities created due to the corona crisis had hampered the demand and supply chain of the market. Though, the supply was somehow completed as essential services were allowed to be transported. Lack of transportation facilities had hampered the growth of the market tremendously. These factors proved to be a challenge to the growth of the market during the covid crisis.

Cardiovascular Drugs Market Scope

Cardiovascular Drugs Market Growth Factors

• The huge number of patients suffering with cardiovascular diseases has helped the market to record a considerable growth during the forecast period.
• The increasing prevalence of cardiac arrest and cardiac arrhythmias has boosted the demand for cardiovascular drugs in the society.
• The sedentary lifestyle practices have increased the prevalence of obesity among the people which directly hampers the heart health of the individual. Thus, the demand for cardiovascular drugs keeps increasing with the growing number of cardiovascular disorders.
• The faulty food habits of the people as a result of rapid modernization have also proved to be a major factor for the number of patients suffering with cardiovascular blockages and irregularities.

The occurrence of the pandemic has also helped the market to record a considerable growth as a result of increasing cardiovascular disorders among the people. With the increasing prevalence of restricted moments in the world, the cardiovascular health of the people has deteriorated to a great extent. Lack of moment and physical activity among the people belonging to the walking class has proved to be a growing factor for the cardiovascular drugs market.

Another factor that helps the market to show a significant growth is the habit-forming nature of the drugs, which does not allow the consumer to discontinue the medications for a considerably long period of time. This keeps the revenue generation system running without interruptions. Rapid increase in the amount of stress and frustration among the people as a result of working from home has also created a number of cardiovascular diseases.

The prevalence of hypertension among the people has put an additional chance of cardiovascular disorders which helps to boost the market for the cardiovascular drugs. The long working hours which are followed by the youngsters belonging to the developing countries has increased the risk of cardiovascular disorders among them. A huge number of people are seen to be suffering with cardiovascular irregularities which increases the sales and supply of the related drugs. A drawback for the patient is that these cardiovascular in drugs cannot be easily discontinued which in turn proves to be a growing factor for the cardiovascular drugs market.

The various complications and side effects that are associated with these cardiovascular drugs help to increase the sales and demand of the other accessory drugs that are required to manage and balance these side effects. The cardiovascular drugs being an essential necessity for the people, finds its place in the disposable income of an individual which keeps the revenue return running under all circumstances. The minimum age for a cardiovascular disorder has reduced tremendously which makes it a very profitable situation for the growth of the market.

Blood thinning drugs to find a special place among all this as it goes hand in hand with the cardiovascular drugs. Lack of awareness among the people regarding their health conditions also proves to be a risk factor for the patient which creates severe pathological changes in the cardiovascular system. This leads to various cardiovascular disorders that facilitates the consumption of these drugs. These multiple reasons prove to be the growth factors for the cardiovascular drugs market.

U.S. Cardiovascular Drugs Market Size and Growth 2024 to 2033

The U.S. cardiovascular drugs market size was valued at USD 26.74 billion in 2023 and is expected to hit around USD 35.25 billion by 2033 with a CAGR of 3% from 2024 to 2033.

The Asia Pacific region has dominated the cardiovascular drugs market due to the increasing incidence of cardiovascular diseases, lifestyle changes, rising healthcare expenditure, and improving access to healthcare. Governments in countries such as China and India are investing in healthcare infrastructure, boosting the market further.

The North America region is a growing segment as a result of the high prevalence of cardiovascular diseases among the people. With the growing modernization and increased trend of fast food the prevalence of hypertension and other cardiac diseases have increased. The sedentary lifestyle practices followed by the people which is clubbed with faulty food habits has increased the chances of cardiovascular diseases which boosts the demand for these drugs.

The Europe region has been witnessing significant growth in the cardiovascular drugs market driven by a well-developed healthcare system, a significant patient population with cardiovascular diseases, and a high adoption rate of advanced treatment options. Additionally, a focus on research and development in cardiovascular medicine contributes to the growth of this market.

Global Cardiovascular Drugs Market, By Region 2020-2023 ($Billion)

Drug Type Insights

Based on drug type, the anticoagulants segment dominated the cardiovascular drugs market in 2023, due to the rising frequency of cardiovascular disorders, particularly in the geriatric population. A greater number of individuals are being diagnosed and treated with anticoagulants to prevent and manage blood clots related to cardiovascular disorders as awareness of these conditions and their potential implications rises. The need for anticoagulants is further increased by ongoing developments in medication formulations and therapies that aim to improve efficacy and safety. This market segment has significantly expanded, emphasizing its vital position in current cardiovascular care. Additional factors contributing to this growth include initiatives to decrease thromboembolic complications and expanded applications of anticoagulants in various medical conditions.

Moreover, the antihypertensive drugs segment is the fastest growing, as it is the most common disorder people suffer from due to the high amount of salt intake and age-related disorders. The increasing stress among people due to work and frustration has also increased its prevalence in society. These drugs form a habit among the consumers which makes them purchase these drugs again and again, thus boosting the market size over the period.

Global Cardiovascular Drugs Market, By Drug Type 2020-2023 ($Billion)

Disease Indication Insights

On the basis of disease indication, hypertension has dominated the segment as it is the most common disease that people are seen suffering with as a result of the high work pressure among the youngsters and the age-related disorders which are caused in the geriatric population. Lack of physical activity also gives rise to a number of diseases. Higher intake of fast foods and salt has increased the prevalence of hypertension.

Heavy consumption of alcohol too leads to the causation of this cardiovascular disorder which is commonly seen among the people. Arrhythmias and hyperlipidemia form the next segment as a result of the sedentary lifestyle practices of the people and faulty lifestyle practices. CAD forms the next segment which also contributes considerably to the growth of the market.

Distribution Channel Insights

Based on distribution channels, the retail stores segment dominated the market in 2023 due to their widespread accessibility and convenience for purchasing medications. Rising awareness of cardiovascular health, an aging population needing ongoing management, expanded services like health screenings, and the incorporation of e-commerce for online medication procurement contribute to this growth. Moreover, evolving healthcare policies and initiatives promoting preventive care drive individuals to seek cardiovascular medications and advice from retail pharmacies, making them a leading and rapidly expanding distribution channel.

The hospital pharmacies record significant growth due to the rapid demand and supply of cardiovascular drugs seen due to the easy availability of rare and commonly used drugs.  They distribute prescribed cardiovascular medications to inpatient and outpatient populations, ensuring timely access to acute and chronic cardiovascular drugs. Additionally, they play a role in clinical trials and research, contributing to advancements in cardiovascular medicine.  Moreover, Online stores also show considerable growth with the increasing trend of online shopping. The demand for contactless delivery services of drugs has boosted the demand for cardiovascular drugs through online stores, which also provide a wide range of lucrative discounts and offers to consumers to attract them. The availability of a ready comparison between the other available drugs also helps the consumer to make a suitable choice of drugs.

Global Cardiovascular Drugs Market, By Distribution Channel 2020-2023 ($Billion)

Cardiovascular Drugs Market Recent Developments

• In October 2019- The FDA disclosed the approval granted regarding the addition of a disease indication which related to the prevention against the occurrence of VTE in acutely sick medical patients who were hospitalized, at risk. Thromboembolic complications were noticed in them. But no high risk was announced regarding bleeding,  for rivaroxaban which is a Janssen Pharmaceutical product.
• In January 2019- Natco Pharma which is an Indian company disclosed the introduction of valsartan-sacubitril, which is a cardiovascular drug used in the management of congestive heart failure. The patent is held by Novartis AG in India under the name Vymada for valsartan-sacubitril.
• In February 2019- Blackstone’s Life Sciences and Novartis AG disclosed the introduction of Anthos Therapeutics in order to develop cardiovascular drugs.

Cardiovascular Drugs Market Companies

• Bristol-Myers Squibb Company
• Bayer AG
• Pfizer Inc.
• Janssen Pharmaceuticals, Inc.
• Novartis AG
• Merck & Co.
• AstraZeneca
• Sanofi
• Gilead Sciences, Inc.
• F. Hoffmann-La Roche 

Segments covered in the report

By Drug Type

• Antihypertensive
• Anticoagulants
• Antihyperlipidemic
• Antiplatelet Drugs
• Others

By Disease Indication

• Hypertension
• Coronary Artery Disease
• Hyperlipidaemia
• Arrhythmia
• Others

By Route of Administration

• Oral
• Parenteral
• Others

By Distribution Channel

• Hospital Pharmacies
• Online Pharmacies
• Retail Pharmacies
• Others

 By Geography

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Malaysia
• Philippines
• Latin America
• Brazil
• Rest of Latin America
• Middle East & Africa (MEA)