The global takotsubo syndrome therapeutics market is expected to reach US$ 2.85 Billion in 2033 and is projected to exhibit a compound annual growth rate (CAGR) of 6.1% from 2023 to 2033. Takotsubo syndrome also known as stress cardiomyopathy and broken heart syndrome is a type of cardiovascular disease.
This disorder is distinguished by temporary regional abnormal cardiac shear stresses that are not limited to a single coronary artery territory. It happens as a result of heart muscle weakness, which requires treatment such as a heart attack. This ailment is triggered by extreme mental and physical stress.
According to medical literature, takotsubo syndrome affects approximately 2% of people who seek treatment for a suspicious heart attack. Factors such as emerging disease incidence, rise in anxiety and depression levels, broadening government actions, progression in therapeutic approaches, growing geriatric population, and high awareness are expanding the takotsubo syndrome therapeutics market.
| Report Attribute | Details |
|---|---|
| Expected Market Value (2023) | US$ 1.58 Billion |
| Anticipated Forecast Value (2033) | US$ 2.85 Billion |
| Projected Growth Rate (2023 to 2033) | 6.1% CAGR |
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The market was estimated at US$ 1.5 Billion in 2022, owing to rapid advances in technology in cardiovascular care. This was prompted by an expansion of the global pool of cardiac patients, which can be credited to the incidence of unhealthy lifestyles and an upsurge in the geriatric population stream.
Concerns about the transmission of the virus during the COVID-19 pandemic restricted testing procedures for cardiac inconsistencies, and restricted uptake in the first half of 2020. Future developments will be heavily reliant on further technological innovations, such as the use of cellphones, and portable, and handheld testing devices, which will generate significant opportunities for expansion over the forecast period.
The increasing prevalence of cardiovascular diseases is boosting the expansion
Cardiovascular diseases are the leading cause of death in both developed and emerging nations. The growing number of instances of cardiovascular diseases, such as valvular heart disease, congenital heart defects, and cardiac arrest, is driving the cardiac MRI diagnostics industry and takotsubo syndrome therapeutics.
Based on the Centers for Disease Control and Prevention, approximately 40,000 babies in the United States are assessed with congenital heart disease each year. Technological improvements such as computer-aided prognosis and the evolution of IT in healthcare, combined with increased support from the government, are propelling the market forward.
Ultrasonic Techniques Creating Greenfields for Device Manufacturers
Cardiovascular ultrasound distributors have been introducing new equipment to improve cardiac imaging for several years. Artificial intelligence has emerged as a rapidly expanding industry phenomenon, allowing effective automation and operations of systems and appliances.
EchoNous, a well-known software development company, offers the Kosmos system, which combines artificial intelligence (AI) with portable ultrasound to enable clinicians to work swiftly. Market participants cooperate with software developers to create AI apps competent in estimating ejection ratios in seconds. These apps help physicians diagnose patients faster by automatically labeling, advising, and grading cardiac scans.
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High Costs to Hinder Market Growth
The high healthcare expenditure and complications of takotsubo cardiomyopathy such as pulmonary edema, hypoxemia, malfunctions in heart rate, and cardiac arrest will impede market growth and pose additional challenges to the world takotsubo syndrome therapeutics market in the upcoming years.
North America dominated the market owing to the incidence of Heart Ailments
North America dominated the worldwide market in 2022, attributed to an increased incidence of heart ailments in the world. Based on the American Heart Association (AHA), heart diseases account for the majority of death in North America. This has contributed to a rise in patient visits to adjacent medical centers, triggering the expansion of the region's takotsubo syndrome therapeutics market. Furthermore, the emergence of sophisticated tools is yet another contributory factor to the market's development.
The American Society for Echocardiography (ASEImageGuideEcho)'s TM Registry and the International Accreditation Commission (IAC) recently announced expanded collaborations to facilitate testing labs with process improvement in May 2021. This will aid in the reduction of data entry duplication and the streamlining of accreditation applications for numerous devices. All the mentioned factors are expected to drive market growth in the North American region.
The region is expected to develop owing to an aging population
The emerging market of Asia Pacific is expected to grow rapidly, owing to the region's growing geriatric population, which will necessitate the use of imaging modalities.
In addition, lower-cost services, professional healthcare staff, and excellent infrastructure are driving growth in the takotsubo syndrome therapeutics market. Numerous governments throughout the world are providing assistance and quality medical facilities to address the needs of the population, which is fueling the advancement of the cardiac imaging testing market. Some of the key players in this region include GE Healthcare, Siemens Healthcare, and Philips Healthcare.
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China is predicted to dominate industry growth in the coming decades
Cardiovascular diseases are the most common cause of death in China, accounting for 40% of all fatalities, despite rapid lifestyle changes caused by rapid urbanization and environmental conversion.
The Chinese government mandated the Healthy China 2030 plan in 2016, emphasizing the significant position of health in China's advancement and highlighting the essential concepts for achieving this, such as health priority, science, and technology innovation, scientific development, and opening the doors frontiers for sophisticated echocardiography devices, particularly cardiovascular ultrasound systems. Thus, China is anticipated to hold major market revenue over the upcoming decades.
The United Kingdom is anticipated to lead the European industry
According to the British Heart Foundation, 7.6 million people in the United Kingdom had heart and circulatory diseases by March 2021. Heart and circulatory diseases account for 27% of all deaths, with approximately 43,000 people dying before the age of 75.
As a result, manufacturers of takotsubo devices such as Philips Medical Systems and Card Guard Group have a strong foothold in the cultural landscape. As a result, the takotsubo syndrome therapeutics market is expected to expand significantly throughout the forecast period.
The rising geriatric population is a significant factor in the cardiac MRI segment
The rise in the geriatric population, along with technological innovations, are key drivers of the cardiac MRI segment. Based on the Centers for Disease Control and Prevention (CDC), heart disease kills approximately 600,000 Americans each year. The main cause of death in the United States is heart disease.
As per the World Health Organization, approximately 17.9 million people die from heart disease each year, with strokes and heart attacks accounting for 85% of all heart disease deaths. These factors are expected to drive segment growth in the coming years.
The hospital Segment is Estimated to Hold the Largest Share
The hospital segment held the largest share of the market in 2022. Moreover, the same segment is expected to register the highest CAGR from 2023 to 2033.
Key players in the takotsubo syndrome therapeutics market are Taro Pharmaceutical Industries, Dva Health & Nutrition GmbH, Flamingo Pharmaceuticals Ltd., Par Formulations Pvt., Ltd., Teva Czech Industries S.R.O., Amneal Pharmaceuticals Pvt., Ltd., Bristol-Myers Squibb Company, Samarth Pharma Pvt. Ltd., Cipla Limited and Ipca Laboratories Ltd.
| Report Attribute | Details |
|---|---|
| Expected Market Value (2023) | US$ 1.58 Billion |
| Anticipated Forecast Value (2033) | US$ 2.85 Billion |
| Projected Growth Rate (2023 to 2033) | 6.1% CAGR |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ Billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
FMI projects the global takotsubo syndrome therapeutics market to expand at a 6.1% value CAGR by 2033.
The global takotsubo syndrome therapeutics market is estimated at a market value of US$ 1.58 Billion.
The global takotsubo syndrome therapeutics market is expected to garner a market value of US$ 2.85 Billion.
FMI has projected North America to be one of the key regions for the takotsubo syndrome therapeutics market.
Some prominent takotsubo syndrome therapeutics providers profiled by FMI include Bristol-Myers Squibb Company, Taro Pharmaceutical Industries, and Cipla Limited
1. Executive Summary | Takotsubo Syndrome Therapeutics Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Diagnosis
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Diagnosis, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Diagnosis, 2023 to 2033
5.3.1. EKG
5.3.2. Echocardiography
5.3.3. Cardiac MRI
5.3.4. Myocardial Infarction
5.3.4.1. Occlusive Myocardial Infarction
5.3.4.2. Non-occlusive Myocardial Infarction
5.3.4.3. Type II Myocardial Infarction
5.3.5. Apical Hypertrophic Cardiomyopathy
5.3.6. Others
5.4. Y-o-Y Growth Trend Analysis By Diagnosis, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Diagnosis, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Hospitals
6.3.2. Ambulatory Surgical Centres
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa(MEA)
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Diagnosis
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Diagnosis
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Diagnosis
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Diagnosis
9.3.3. By Application
9.4. Key Takeaways
10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Diagnosis
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Diagnosis
10.3.3. By Application
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Diagnosis
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Diagnosis
11.3.3. By Application
11.4. Key Takeaways
12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of Middle East and Africa(MEA)
12.2.2. By Diagnosis
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Diagnosis
12.3.3. By Application
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. USA
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2022
13.1.2.1. By Diagnosis
13.1.2.2. By Application
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2022
13.2.2.1. By Diagnosis
13.2.2.2. By Application
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2022
13.3.2.1. By Diagnosis
13.3.2.2. By Application
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2022
13.4.2.1. By Diagnosis
13.4.2.2. By Application
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2022
13.5.2.1. By Diagnosis
13.5.2.2. By Application
13.6. United Kingdom
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2022
13.6.2.1. By Diagnosis
13.6.2.2. By Application
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2022
13.7.2.1. By Diagnosis
13.7.2.2. By Application
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2022
13.8.2.1. By Diagnosis
13.8.2.2. By Application
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2022
13.9.2.1. By Diagnosis
13.9.2.2. By Application
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2022
13.10.2.1. By Diagnosis
13.10.2.2. By Application
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2022
13.11.2.1. By Diagnosis
13.11.2.2. By Application
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2022
13.12.2.1. By Diagnosis
13.12.2.2. By Application
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2022
13.13.2.1. By Diagnosis
13.13.2.2. By Application
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2022
13.14.2.1. By Diagnosis
13.14.2.2. By Application
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2022
13.15.2.1. By Diagnosis
13.15.2.2. By Application
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2022
13.16.2.1. By Diagnosis
13.16.2.2. By Application
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2022
13.17.2.1. By Diagnosis
13.17.2.2. By Application
13.18. GCC Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2022
13.18.2.1. By Diagnosis
13.18.2.2. By Application
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2022
13.19.2.1. By Diagnosis
13.19.2.2. By Application
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2022
13.20.2.1. By Diagnosis
13.20.2.2. By Application
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Diagnosis
14.3.3. By Application
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Taro Pharmaceutical Industries
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.2. Dva Health & Nutrition GmbH
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.3. Flamingo Pharmaceuticals Ltd.
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.4. Par Formulations Pvt. Ltd.
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.5. Teva Czech Industries S.R.O.
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.6. AMillioneal Pharmaceuticals Pvt., Ltd.
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.7. Bristol-Myers Squibb Company
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.8. Samarth Pharma Pvt. Ltd.
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.9. Cipla Limited
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.10. Ipca Laboratories Ltd.
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Takotsubo Syndrome Therapeutics Market
