Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- A new report has been published by Transparency Market Research, titled "Dilated Cardiomyopathy Therapeutics Market - Global Industry Analysis, Pipeline Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020". TMR, a market intelligence company based in the U.S., states that the global dilated cardiomyopathy (DCM) market was estimated at US$651.0 million in 2013 and is expected to reach US$328.6 million in 2020, declining at a -7.0% CAGR between 2014 and 2020.
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The rising incidence of congestive heart failure is the lone major driver for the market for cardiomyopathy therapeutics, but there are a number of factors that impede the growth of the market in the coming future. The availability of implantable devices, such as heart pumps, implantable cardioverter defibrillators (ICDs), and pacemakers, and the propitious development of gene therapy will hamper the growth of the dilated cardiomyopathy therapeutics market in the coming future. Additionally, the numerous side effects related to the usage of DCM drugs and the easier treatment with the help of other devices, which have minimal or nil side effects, will impede the growth of this market in the forthcoming future.
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In terms of drug class, the dilated cardiomyopathy therapeutics market is segmented into angiotensin-converting enzyme (ACE) inhibitors, aldosterone antagonists, beta blockers, and angiotensin II receptor blockers (ARBs). Amongst these, in 2013, ARBs held the biggest revenue share in the market, trailed by beta blockers. The reason for them acquiring the biggest revenue share is their high demand in dilated cardiomyopathy treatment, particularly in the developed regions of Europe and North America. On the other hand, the aldosterone antagonists segment held the highest growth rate owing to the positive affect of the combination of aldosterone antagonists with ACE inhibitors or ARBs for reducing the progress of Duchenne muscular dystrophy (DMD).
In terms of pipeline drugs, the dilated cardiomyopathy therapeutics market is segmented into ixCELL-DCM, ARRY-797, OR, MYDICAR, and CAP-1002. The key companies prevalent in the market have introduced clinical trials to make these therapeutics effective at treating dilated cardiomyopathy. If these clinical studies succeed, then the demand for dilated cardiomyopathy therapeutics market might increase in the forthcoming future.On the basis of geography, the dilated cardiomyopathy therapeutics market is segmented into Europe, North America, Asia Pacific, and the Rest of the World (RoW). In 2013, North America held the biggest share in the market due to the increased acceptance of branded drugs and the increasing occurrence of congestive heart failure. DCM occurs in around 5 to 8 people amongst every 100,000 people in the U.S. The markets in Asia Pacific and the Rest of the World (RoW) are the most swiftly developing markets owing to increasing disposable income of patients in these regions, consistently growing demand for generic drugs, and increasing economic standards.AstraZeneca plc, Array BioPharma, Inc., Celladon Corporation, Janssen Pharmaceuticals, Inc., GlaxoSmithKline plc, Merck & Co., Inc., Pfizer, Inc., Novartis International AG, Sanofi S.A., Vericel Corporation, and Teva Pharmaceutical Industries Ltd. are amongst the prime players in the dilated cardiomyopathy therapeutics market.
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The global dilated cardiomyopathy therapeutics market is segmented into the following categories:
Dilated cardiomyopathy therapeutics market, by drug class
- Aldosterone antagonists
- Angiotensin-converting enzyme (ACE) inhibitors
- Angiotensin II receptor blockers (ARBs)
Dilated cardiomyopathy therapeutics market, by pipeline drugs
Dilated cardiomyopathy therapeutics market, by geography
- North America
- Asia Pacific
- Rest of the World (RoW)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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Source:Transparency Market Research