Angina pectoris is a medical condition that causes chest pain or discomfort primarily due to decreased blood flow to heart muscles. The condition usually arises when the heart muscles do not get adequate oxygen. Angina pectoris is caused due to narrowing of arteries carrying oxygen-rich blood to the heart. It may also be caused due to coronary artery spasm, unstable plaques, decreased heart pumping function, and blood clots. Common symptoms of angina pectoris include chest pain or discomfort, shortness of breath, fatigue, dizziness, and nausea. Mild angina pectoris can be treated through changes in lifestyle, such as, quitting smoking, losing weight for obese patients, and inclusion of healthy food in the diet. For the treatment of Moderate to severe angina pectoris, the medications such as beta blockers, non-steroidal anti-inflammatory drugs, ace inhibitors, calcium channel blockers etc. are used to relive the symptoms.
The global angina pectoris therapeutics market is primarily driven by high incidence rate of angina pectoris across the globe. According to an article published in the British Journal of Cardiology, around 2%-4% of the population in the Western countries is affected with chronic stable angina pectoris. An article published in the Medscape states that more than 9.8 million people in America experience the symptoms of angina annually and more than 500,000 cases are registered every year. Easy availability of therapeutic drugs for angina pectoris, new product launches, and rise in awareness regarding various cardiological disorders in the developed countries are projected to fuel the growth of the global angina pectoris therapeutics market during the forecast period.
The global angina pectoris therapeutics market can be segmented based on type of angina, drug class, distribution channel, and region. In terms of type of angina, the market can be classified into stable angina, unstable angina, and prinzmetal's angina. Stable angina is caused by physical exertion, such as, stair climbing, running, exercise, etc. It may also be caused due to emotional stress, cold temperature, smoking, etc. Unstable angina is caused by fat deposition in the inner walls of the arteries, which narrows down the size of the arteries size, reducing blood flow to the heart muscles. Unstable angina mat also be caused by the formation of blood clots that can fully or partially block blood vessels. The unstable angina segment is estimated to account for prominent share of the angina pectoris therapeutics by the end of 2026 and grow rapidly. Prinzmetal's angina is caused due to spasm in coronary arteries that temporarily narrows down the arteries, reducing blood flow to the heart muscles. In terms of drug class, the angina pectoris market can be categorized into nitrates, non-steroidal anti-inflammatory drugs, anti-platelet drugs, beta blockers, statins, calcium antagonists, angiotensin-converting enzyme (ACE) inhibitors, and others. Based on distribution channel, the market can be categorized into hospital pharmacy, retail pharmacy, and e-pharmacy.
In terms of region, the global angina pectoris therapeutics market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are estimated to account for dominant share of the global market owing to high prevalence and rise in incidence rate of angina pectoris, large base of pharmaceutical companies, high awareness level, well-established health care facilities, and favorable medical reimbursement policies in these regions. Moreover, rapidly increasing geriatric population which is prone to angina pectoris in countries such as the U.S., the U.K., Germany, and France is likely to contribute to the growth of the angina pectoris therapeutics market in these regions in the near future. The angina pectoris therapeutics market in Asia Pacific is projected to grow rapidly during the forecast period owing to large pool of patients affected with coronary artery diseases in the highly populous countries such as India and China, large base of geriatric population in Japan, and rapidly changing health care sector in the emerging countries in the region. Increase in per capita health care expenditure, rapidly growing biopharmaceutical industry, and initiatives taken by the government in the emerging countries to promote health care are estimated to fuel the growth of the angina pectoris therapeutics market in Asia Pacific during the forecast period.
The global angina pectoris therapeutics market is highly fragmented. A large number of manufacturers holds prominent market share in respective regions. Growing trend of mergers and acquisitions and new product development among the leading market players has been observed since the past few years. Companies are engaging in mergers and acquisitions to strengthen their product portfolio and enhance their geographic presence in the market. Leading players operating in the global angina pectoris therapeutics market include Amgen Inc., Pfizer Inc., Johnson & Johnson, Novartis AG, Bristol-Myers Squibb Company, Abbott, Bayer AG, Orion Corporation, Merck & Co. Inc., and Cardiorentis AG.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.