According to the World Health Organization, CHF affects an estimated 26 million people globally, with approximately 1-2% of the adult population in developed countries living with the condition. In the U.S., it is a leading cause of hospitalization, and the American Heart Association estimates that approximately 6.5 million adults are living with the condition. The prevalence of CHF increases with age, with an estimated 10% of adults over the age of 70 living with the condition.
In recent years, there have been significant advancements in the development of new drugs for CHF that target specific pathways involved in the development and progression of the condition. These advancements have the potential to transform this market and improve outcomes for individuals living with the condition. One major area of focus in CHF drug development has been the renin-angiotensin-aldosterone system, a hormone system that plays a key role in regulating blood pressure and fluid balance. Drugs that target this system, such as angiotensin-converting enzyme (ACE) inhibitors, angiotensin receptor blockers, and mineralocorticoid receptor antagonists, have been shown to be effective in reducing morbidity and mortality in individuals with CHF.
Another area of focus has been drugs that target the sympathetic nervous system, which can be overactive in individuals with CHF. Beta-blockers, which block the effects of adrenaline and other stress hormones, have been shown to improve outcomes in individuals with CHF. Recently, there have also been advancements in the development of drugs that target other pathways involved in the development and progression of CHF, such as drugs that increase the levels of cyclic guanosine monophosphate or drugs that inhibit sodium-glucose cotransporter 2.
Governments and healthcare organizations around the global have recognized the growing burden of CHF and the need for effective prevention and management strategies. As a result, they have invested in programs and initiatives aimed at improving the prevention, diagnosis, and management of the condition. These initiatives include public health campaigns to raise awareness of CHF and its risk factors, as well as screening programs to identify individuals at risk of developing the condition. Governments and healthcare organizations are also investing in research to improve our understanding of the condition and develop new treatments.
In addition, there is a growing emphasis on improving access to healthcare for individuals with CHF, particularly in low- and middle-income countries where the burden of the condition is often highest. This includes efforts to improve healthcare infrastructure, increase access to affordable medications, and train healthcare professionals in the management of CHF.
New product launches to flourish in the market
Novartis in May 2021, the company announced positive results from its Phase III trial of inclisiran, a drug used for the treatment of hypercholesterolemia and potentially for the prevention of cardiovascular events in patients with CHF. In June 2020, AstraZeneca announced a collaboration with Silence Therapeutics to develop small interfering RNA (siRNA) therapies for the treatment of CHF. The partnership aims to leverage Silence's expertise in siRNA drug discovery and AstraZeneca's experience in cardiovascular drug development to create new treatments for CHF. In August 2020, Amgen announced that it had received approval from the European Commission for its drug omecamtiv mecarbil (Rytvela) for the treatment of CHF. This marked a significant expansion of the company's CHF drug portfolio and allowed it to tap into the growing demand for effective treatments for the condition in Europe. In September 2020, Abbott Laboratories launched its Navitor test, a genetic test designed to identify patients with CHF who may benefit from treatment with Entresto. The test analyzes a patient's DNA to determine their risk for heart failure and their likelihood of responding to the drug.
By drugs class: The CHF drug market is divided into ACE inhibitors, angiotensin 2 receptor blockers, beta blockers, diuretics, aldosterone antagonists, inotropes, and others. These drug classes work in different ways to manage the symptoms of CHF and improve patients' quality of life. With the rising prevalence of CHF and the increasing demand for effective treatments, this market is expected to grow significantly in the coming years. In addition, the development of new drugs and drug combinations, as well as the increasing focus on personalized medicine, are expected to drive innovation and growth in this market.
By distribution channel: The CHF drug market is divided into hospital pharmacies, retail pharmacies, and online pharmacies. Hospital pharmacies are a major distribution channel for CHF drugs as patients with severe CHF symptoms are often hospitalized and require immediate treatment. Retail pharmacies, on the other hand, serve as a convenient source of medications for patients with mild-to-moderate CHF symptoms who manage their condition on an outpatient basis. With the increasing availability of online pharmacies and the growing demand for remote healthcare services, online pharmacies are emerging as a new distribution channel for CHF drugs, providing patients with access to medications from the comfort of their own homes.
By region: The Asia-Pacific (APAC) CHF drug market is expected to experience significant growth in the coming years. This is due to several factors, including the aging population, increasing prevalence of cardiovascular diseases, and rising healthcare expenditure in the region. In addition, the growing awareness about CHF and its symptoms, along with the availability of advanced medical technologies, are expected to drive demand for CHF drugs in the region. Several pharmaceutical companies are focusing on developing and launching new drugs in the APAC market to address the unmet needs of patients with CHF, which is expected to further boost the growth of the market. Overall, the APAC CHF drug market is poised for significant growth and presents lucrative opportunities for pharmaceutical companies operating in the region.
Competitive analysis and profiles of the major players in the chronic heart failure drug market, such as Amgen Inc., AstraZeneca plc, Bayer AG, Bristol Myers Squibb Co., C.H. Boehringer Sohn AG & Co. KG., Johnson & Johnson, Otsuka Holdings Co. Ltd., Merck & Co. Inc., Novartis AG, and Pfizer Inc Other players include Eli Lilly & Co. and Novo Nordisk. Major players have adopted product launch and acquisition as key developmental strategies to improve the product portfolio of this market.
Chronic Heart Failure Drug Market Report Highlights
By Drugs Class
By Distribution Channel
Key Market Players
Merck & Co. Inc., Bayer AG, Johnson & Johnson, Bristol Myers Squibb Co., AstraZeneca plc, Amgen Inc., Novartis AG, Pfizer Inc., C.H. Boehringer Sohn AG & Co. KG., Otsuka Holdings Co.,Ltd
Eli Lilly & Co., Novo Nordisk